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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 bionicjoeon Feb 28, 2019 8:49am
266 Views
Post# 29421943

RE:RE:RE:**

RE:RE:RE:**The extra delay beyond Q3 2021 certainly isn't a positive for shareholders. This stock has been a big disappointment for the retail investor. Originally it was sold as the underground would be fully functional by now. If it isn't construction delays it's the Mongolian government making more demands. Now TRQ is required to build a power station at who knows how many hundreds of millions in cost. It almost seems these kinds of big project stocks are meant more for the institutional investor who can wait it out. For the small guy investor it's nothing but frustration on top of frustration when they see things moving so slow. Likely the only reason keeping some people still invested is the hope of a Rio Tinto buyout but for how many years has that been speculated?
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