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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

Post by NiN777on Jul 30, 2019 1:48pm
191 Views
Post# 29975724

Pros and cons

Pros and consPositive: open pit mine is making an operating profit. Good price have been humming pretty nice and i expect that trend to carry on. Timeline: correct me if im wrong but mine is more than half complete. Negative: When they mention mine plan and delayed im worried that it might mean that the method of mining has to be changed. the timeline on that mine is so long I think its best to have a small position in it and forget it altogether, might worth a fortune in 20 years from now, in the near term its hard to tell... The most worrying fact about TRQ is the governqnce, theres no one to look after their interest except Sailing Stone and that other large sovereign fund( Singapor?). RIO and GOM have been fuqking the dollars out of shareholders. Ive sold on that last bump because of uncertainty, there was one line in a M&A that.mention delays and it changes the NAV of the project...
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