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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 1studenton Jul 28, 2020 2:07pm
199 Views
Post# 31332194

RE:AGM

RE:AGMHello Countrygent.

Yes, the proposed share consolidation will, to the uninitiated and unaware, serve to "cover the tracks of the destruction of market cap valuation"; this is quite regrettable and extremely unprofitable in the near term.
I am currently trying to exit my position prior to the proposed share consolidation.
We all know that following a share consolidation the newly established share price generally tends to resume a downward slide; i.e. provided there are no positive catalysts to help sustain the shareprice at what would appear, to the unaware, to be much higher price points.

With a 3 billion - 3.6 billion dollar shortfall in foward funding hanging like the sword of Damocles over the heads of long time shareholders; well, suffice to say there may be added insult to financial injury to come?
Nevertheless, a stellar quarterly report can, in the best of circumstances and in the "near term", catapult the shareprice to $1.60 CAD.
Here is to expecting that my exit window will be open long enough to allow for my profitable exit and repositioning.


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