R.Friedland massive dump of Turquoise Hill Resources share
R. Friedland massive dump of Turquoise Hill Resources shares in 2013
A. Form 13G as of January 31, 2014.
R.Friedland holds 71,714,016 sh = 3.6% DILUTED 100% TRQ
https://www.sec.gov/Archives/edgar/data/938198/000119312514053186/d675782dsc13ga.htm
B. So, before rights offering he had 35..857 M sh -EARLY DEC 2013
Bought 35..857 M rights to total now 71,714,016 sh = 3.6%
C. JAN 31 2013 HE HAD 103,760,164 = 10.3%
https://www.sec.gov/Archives/edgar/data/938198/000095014213000364/eh1300312_sg13a8-mines.htm
MEANS, BETWEEN FEB - DEC 2013 SOLD 67..9 M SH = 6.7 % TRQ
GEEEEEEEESUS
AROUND 50 M SH DUMP BETWEEN MAY -DEC 2013
And then he goes to press and says " I will exercise ALL my rights "
lOOOOOOOOOOOOOOOOOOl
Goldamere IS SUB OF ABM ,
ABM IS SUB OF Newstar Securities ,
WHICH IS SUB OF Newstar Holdings
which is OWN BY RF, owning Ivanhoe Capital
geeesus... magic wallet with many pockets
Robert Friedland personaly owns 25,559,776 sh = 1.3%
and 46,154,240= 2.3% THROUGH Newstar Holdings which owns the underlying piramide
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D .TEMASEK GETS DECIMASEK BY FOLLOWING BOBASEK
Following his mouth and not his actions
Temasek Holdings (Private) Limited 171,524,394* =8.5% Feb 2014
At USD 3.25 /sh = $560m
As of November 14, 2012 TEMSEKBuys HOLDS 8.5% = 85,762,197 SH
Cost
1. Bought 85,762,197 SH = rights * $ 2.4 = $ 205.8 m
2.. May 2012 bought 36.6 m sh for $426m = around $ 11.6 ...loool
INGAPORE, June 11 (Reuters) - Singapore state investor Temasek Holdings
has taken a 5.5 percent stake in Canada's Ivanhoe Mines valued at $426 million,
INGAPORE, June 11 (Reuters) - Singapore state investor Temasek Holdings has taken a 5.5 percent stake in Canada's Ivanhoe Mines valued at $426 million,
3 Before that had likle 4.4 m sh bought at higher than $ 12 ,say $ 15 = $ 66
4. TOTAL COST around $ 700m sh
5 LOSS SO FAR $ 140 M
DESPITE RELENTLES DOUBLING DOWN AND DOUBLING DOWN AND DOUBLING DOWN
ON THE TRQ WAY DOWN
STILL LOSES . LOOOL
iMAGINE THE LOSES OF PEOPLE OR FUNDS WHICH COULDN`T AFFORD
OR WOULDN`T DO INFINITE DOUBLING DOWN
( INCREASING STAKE BY 82 TIMES ..geeeeesus )
TO GET EVEN ON A LOSING TRADE
iN CASE OF THEMASEK TO COVER THE loses of $ 15 shares
cut by 5 ( initially woerth $66M and cut to $16 m )
THEY HAD TO SPEND $630 M GEEEESUS
to make up for $ 50m loses
loooool
WHAT A DETERMINASEK .
`
Apparently , Bob didn`t have the $ 250m needed to buy
another 103 m sh in rights , so, he sold 66% of his TRQ stake
which achieved 3 things
--- : rised the money he didn`t have and
--lowered by $160m the need for the rights outlay
-- allowed other funds to reduce their loses per share
by buying RF shares to double down .
TOLD YOU IN PREVIOUS POSTS ... HE IS IN A LIQUIDITY CRUNCH
$ 1 B ON PAPER IS NOT MUCH OF HELP WHEN YOU NEED COLD CASH
iN ADDITION TO THAT TEMESK LOST LIKE $50 M on new
IVN AND LIKELY $ 45 M ( + 90% )ON SGQ ( if not doubled down there )
+ loses on IVAN and couple of Bobs private Chineese ventures ..if any
E. .Edward C. Johnson 3-rd CUT HIS STAKE BY 4-TH
His TEMPLRTON FUNDS owned Dec 31 2012 50,325,539 sh
Before rights had 12 .43 m sh
, after rights = now has 24.86 m sh
The cut by 4-th is nothing to TRQ SP soon to be cut by 10-th
looool
.