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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 TheLandedEagleson May 20, 2021 6:18pm
735 Views
Post# 33245451

Shares For Debt

Shares For Debt

I can"t believe no one has noticed and questioned the latest news release with regards to the company issuing shares for debit at a issued price of .10 cents. I can"t believe TSX has approved this. Furthermore it has been transacted with insiders. this is crazy, when the current share price is over $20 dollars, and why issue these shares for debit of that small amount. I sure they has available funds in cash to pay this outstanding small debt of over $95K...to issue 950K shares at .10 cent per share...this is a scam and should never have be approved, especially to insiders. Once issued these 950K shares are currently worth at the current market price of $20+dollars per share give these insiders over 1.9 million dollars worth of value, to settle a debit of only 95K dollars....CRAZY>>CRAZY>>CRAZY>>>>>>What the held is the TSX smoking these days. This is certainly not in the best interest of us shareholders...This is corruption at its best...Im geting out as quickly has I can...CEO and board cannot be trusted, especially when you see this sort of transactions , especially when there with close insiders....what compelled this people to do this and yet disclose has they have to the public with no back lash, is beyond me...everyone should call CEO and TSX on this matter and lauch a complaint immediated. This is defrauding the shareholds and the CEO is responsible for this action...ALL SHOULD FILE A COMPLAINT....CALL CEO........and TSX, immediately to have this reversed and questioned..This is just my opinion...and Im sure many will agree...

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