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Turquoise Hill Resources Ltd. 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 May 12, 2016 3:21pm
164 Views
Post# 24867375

RE:RE:Just talked w/an accountant

RE:RE:Just talked w/an accountant
If Rio comes in with a low ball offer (which I believe they eventually will) the institutional share holder (of which there are many) will force Rio to get an independant assesment of what TRQ is worth and Rio will have to increase that offer. This is fairly standard practice for companies that trade on Canadian exchanges where their is dissagreement on a take over offer.
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