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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 Sep 19, 2018 12:35pm
76 Views
Post# 28648098

RE:RE:GOM Can Not Be Trusted

RE:RE:GOM Can Not Be Trusted
As far as TRQ goes the Mongolian authorities/ government have ALWAYS been a far bigger problem that metal prices. It will be like clockwork! As we aproach the next election, the DONKS will start making noise as to how Tinto is ripping Mongolia off (Even though GOM gets a free ride on its 1/3 interest and benefits from lots of taxes, fees and economic development) . The stock will start heading south and if the DONKS win the election, it will be a mess. The last time this happenned, Tinto had to stop all development work at the mine for a number of years till the DONKS started to wake up. DONKS were finally replaced by current government last election and the current government is proving to be a pain in the rear end - although not as bad as the DONKS who ran the last government.

Looking to average down - wait till it gets into the thich of the election noise and be prepared to average down further if the DONKS win the day.  

welcome to the DONKathone in Mongolia!! ;-)
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