Turquoise Hill Resources Ltd. T.TRQ

Metals & Mining Industrial Metals & Minerals

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...

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Turquoise Hill Resources Ltd.

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Post by Bartlebeeon Jul 16, 2019 1:31pm

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Post# 29925812

Sickening!

Never thought I'd see the day that one of the world's largest developing copper mines, on the border of the world's largest copper consuming country, takes a 40% hit in a single day. I just bought 20k shares but I've lost all confidence in TRQ/RIO's management. Lost so much anyway, might as well take the gamble. I did notice the interesting wording in RIO's press release though....."estimated cost of its giant Oyu Tolgoi copper and gold mine in Mongolia COULD blow out by $1.9B and the project MAY be delayed BY AS MUCH AS two and a half years." Seems like we are hearing the worst case scenario at a time when the share price has already been beat into the ground.

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