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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 Gordonshwon Apr 30, 2019 5:30pm
161 Views
Post# 29691258

RE:RE:Any News on TRQ? Thoughts Anyone?

RE:RE:Any News on TRQ? Thoughts Anyone?First and foremost..Oyu Tolgoi is a MAJOR Tier I cooper / gold mine with a 100 year mine life. Secondly you need to look at Share ownship..Rio owns 51 % Institutional share holders own another 34 or 35 %..which leaves retail investors 14 -15 % of the balance. The largest of the institutionals hedge their investment to maintain a return (on what they know is a long term investment) using their own shates... bottom line they are harvesting shares off the new retail investors who cyclically puke up their shares via stop losses.  Rinse repeat while they wait for the underground to complete... IMO 
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