RE:financial results
The evil masterminds at Rio and in Mongolia must be giggling over their morning coffee for the spanking that served up to the filthy, unwashed, undeserving TRQ minority.
it's hard to think of another company of this size that has so pliantly bent to the will of a bare majority shareholder.
Mongolia has 1/3 of the mine and grinds for further advantage, while getting huge employment, spending, royalty and taxes. Rio has a third and gets paid for their trouble in management fees and upcharge financing.
They and Mongolia, the most likely buyers to consolidate ownership of OT make a great fuss over their negotiations, disagreements, mismanagement, and absolutely screw the other 1/3 ownership of the project. The market bits hard on that worm even while copper supply shortages loom. Pathetic.
Amazing if the price gets so low some other major miner hasn't found some Mongolian friends to bless a bid to buy out the public float. The valuation is ridiculously low.
Do your own DD, just my musings.
cg