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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 Formulatoron Aug 03, 2016 10:17pm
221 Views
Post# 25108633

RE:RE:Now there is a decision

RE:RE:Now there is a decisionAgreed, i jumped out as  soon as i saw it break down.  Rio's jS comments about not increasing their stake in TRQ took the wind out of the sails and will cause short term weakness.  We were trading around $3.60 before the buy out rumors came out, i dont think we will get back there but bad quarterly results, poor outlook and no buyout are hardly reasons for investors to rush in to buy.

I will let things settle down before getting back in.
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