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Turquoise Hill Resources Ltd. TRQ


Primary Symbol: T.TRQ

Turquoise Hill Resources Ltd is a global mining company that primarily mines copper, gold, and coal in the Asia-Pacific region. The company holds a 66% interest in Oyu Tolgoi, one of the world's largest copper-gold-silver mines, which ships concentrate to customers in China. Oyu Tolgoi is located in the South Gobi region of Mongolia, approximately 550 km south of the capital, Ulaanbaatar, and 80 km north of the Mongolia-China border. The company also holds interests in companies that mine...


TSX:TRQ - Post by User

Post by gnawitallon Aug 06, 2013 4:42pm
246 Views
Post# 21652456

Trading TRQ in NYSE today

Trading TRQ in NYSE todaywow - triple the average volume -but then comes the problem of sorting out what is fake computer trading at the usual 100 share board lot ! ? but still - trading tells us TRQ is still overpriced and shorting is still the main activity - I believe it is telling us that 4.50 is too much share value and that 3.50 is where most of the 25 million shares short will be covered - short covering has been miniscule - for all practical purposes there is no reason to believe TRQ is going to jump to 12 bucks as I read from one hopeful on the board - patience is required on this one absolutely - and is Rio Tinto going to swallow TRQ whole -for this set up reason dictates that they probably won't - and they need to share with the Mongolies and Institutions to make the thing work !!!!!! Patience is stressed
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