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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

Post by Absalom9894on Aug 25, 2022 1:11am
351 Views
Post# 34918914

Rio Tinto/Turquoise Hill Resources

Rio Tinto/Turquoise Hill ResourcesRio tinto board continues to demonstrate a lack of integrity. The recent offer of $40 Canadian is laughable, this is essentially $3.1 billion for assets worth in the 100's of billions if not half a trillion. The mine life is estimated at 50 years possibly even 100 years, when considering all adjoining deposits held by Entree Resources. They don't seem to be above stealing the Company . The Rio Tinto board sabotaged TRQ stock price from the beginning, using every underhanded method. The original equity offering drove stock price from $17-$19 US down to $2.40, stock continued on down.$0.60 These are greedy people lacking ethics. Maybe minority shareholders should find interested partner, make a counter proposal of $50 Canadian for Rio Tinto's 50%. Believe, should have no problem finding interested mining Companies......Turquoise Hill Resources is state of the art facility, with potentially many trillions of dollars in income over mine life. What a joke $3.1 billion, must believe shareholders are naive.
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