RE:Lets hope this isn't the future.... Hello Fruitvale3067 et al.
I haven't posted here for a while and am simply checking in to read some interesting commentary with respect to TRQ and to provide some input of my own. I thank you for your comments.
Just wondering why everybody here and elsewhere are so hell bent on having Rio Tinto purchase the remaining outstanding shares of TRQ. It is as if the only way they can profit from the substatial investments already made in the OT development by Turquoise Hill, on behalf of all shareholders and "stakeholders" alike, is to have an exit strategy solely involving a buy
out of so called "minority shareholders" by Rio Tinto.
These so called "minority shareholders" are more than likely sitting on massive profit derrived from having previously depressed the share price and creating, if not contributing to, the downward momentum that saw TRQ's share price collapse into penny stock territory. These institutional share holders call themselves long term "minority" shareholders and yet are acting as if they simply want a short term payout provided courtesy of Rio Tinto.
Rio Tinto has always intended to see this investment through to initial completion and subsequent expansion, as is currently happening, of the OT mine development..
I am in no way defending the shennanigans that Rio Tinto is demonstrating; it has been quite the spectacle during the last couple of years, at least.
I will, however, say it again and again; Rio Tinto does not have to buy out minority share holders and there is litte, even by way of minority shareholders rights regulations specific to Canadian mining companies, that minority share holders can do in attempting to strong arm Rio Tinto as the majority shareholder of TRQ.
Votes per share, i.e. the majority of votes cast in favor of or against any given motion, during any given Annual General and Special Meeting of Shareholders, simply dictate what will or wiil not occur, as pertains to material matters of the corporation and such.
Ultimately, TRQ share holders have to be more worried about Turquoise Hill being further "leveraged" in order to placate those operating within the Mongolian government this time around - it isn't the first time and probably won't be the last time the Mongolian government representatives all too conveniently throw a spanner into the works.
I have previously outlined how things tend to work, as pertains to the decision making process which Mongolian politicians and committee members tend to utilize in order to ensure they carve out respective portions of graft, if you will, for one faction of government and/or the other.
Turquoise Hill has always been utilized as the "iintermediary" corporation, which takes on all the debt and liability. It has also been leveraged to create opportunities for persons who have a need for "mirrored positions", in order to secure respective portions of "assigned" and exclusive profit on an ongoing basis for certain so called "missionaries on assignment", if you will.
As part in parcel of any resolution of matters pertaining to the Mongolian government position, we can expect Turquoise Hill to undertake a dilutive maneuver; which, by the way, does not solely include a relatively large, if not, massive share issuance.
There exists a "rainmaker" neatly positioned to facilitate an amicable and mutually profitable forward outcome for most interested stake holders of the OT mining operation. Here's a hint. It is not exactlyTurquoise Hill; not yet.