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Turquoise Hill Resources Ltd. TRQ


Primary Symbol: 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 Countrygenton Mar 14, 2022 7:23pm
256 Views
Post# 34513482

RE:Sure WAS a VEEEERRYYYY LONG Buy and Hold,,,,,,,,,,,,,,,

RE:Sure WAS a VEEEERRYYYY LONG Buy and Hold,,,,,,,,,,,,,,,

Being a specialist in buying the lows of TRQ and selling into highs would have been extremely profitable - Several multi-bagger swings since 2003 in the IVN days.  I recall the bounce from post-Lehman low in November of a ridiculous $27 (x10 after consolidation) to $350 or at the time $2.70 to $35 cdn.  Then you could have waited out, jumped into weed stocks, Bitcoin, or the FAANGs and come back in late last year like a bandit.   Oh the hindsight is so juicy!  If I had played it that way - really just  six trades required, I'd be swimming in filthy lucre.  Ha.  Got some pieces but not the whole enchilada.

Say picking a random number, $45 gets offered by somebody ... that'll be a near 4x since some nervous ninnies who didn't understand Mongolian dramatics drove it down to what ... $13 last November?  
 

We await the comments of Pentwater ... a certain fists in for the current price may be expected to be expressed.  Nice idea, not even close on the price, try again ... or ... meet our new friend Chinalco, or BHP, or Glencorr or who knows out of two or three dozen candidates who might be on a prospect list to want a plump copper asset on China's doorstep.

cg

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