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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 Bushwacker3on Jul 22, 2019 11:09pm
267 Views
Post# 29949288

RE:more bad news

RE:more bad news
Wrote a scathing reply to above troubles but got deleted. Agreed it is a bad situation carried over the years. When the immovable object meets the irrestible force then  let them continue to play stupid as stupid does games to see who will blink first.
Let Gom nationalize/expropriate the mine. Let Rio stop operating  and walk away. Stop paying taxes and royalties.Take the dispute to world courts to obtain settlements. World banks and IMF can also exert added pressure to recover out of control debts....
Looking back I have lost faith in both Rio and GoM. hard lessons learned to stay away from  unstable frontier markets and their Gov'ts.
I need a long vacation. GLTA
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