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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

Comment by marpincanon Feb 24, 2015 10:12am
162 Views
Post# 23458565

RE:TRQ Sells Remaining Stake in SouthGobi

RE:TRQ Sells Remaining Stake in SouthGobi
The DONK impact on the value of South Gobi is quite indictive of the DONK impact on the overall Mongolian economy and on the people of Mongolia. South Gobi was at one time worth over $10 per share and is now being sold for $0.35. I suspect that the people of Mongolia are more and more seeing the very negative impact that the DONKs are having on their lives and will make their voices well heard during the next election. 
  Mongolia is home to some of the best world class mining properties out their. Those developing these types of properties never make decissions based on short term comodity prices and are always looking at the long term view. When these projects get put on hold or do not get off the ground, it is always because of corruption and political reasons and in Mongolia, those reasons start and end with the DONKs in the GOM. These DONKs will try to blame everyone and anything else but the reality is that they are the problem.

As the DONK games continue in Mongolia!!!!!
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