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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 Nov 02, 2022 2:28pm
159 Views
Post# 35067318

RE:RE:RE:RE:How much money is still available?

RE:RE:RE:RE:How much money is still available?

Sooner, good point except it's hard to tell the difference!

Will a class action against the TRQ Board and Rio come out of this ... who knows.  But the dissent remedy isn't designed for little fishes.  Big potential time, costs, litigation.  My opinion, get legal advice.  If the little people band together they would need a contingency firm - you think the result will be coverage of their probable 1/3 of recovery plus huge consultant costs and the time to actually seeing any payment ... years.  

It's sleazy but without evidence of fraud or collusion ... I'm saying done deal unless the minority rises up, withdraws it's proxies and tells Rio to try again.  Likelihood?  Not great.

A dissent notice is nothing but a notification of an intent to litigate for the remedy of a fair price for the the shares.  Good luck with that.  I'm not anybody's lawyer and it's not a simple matter - even speaking to a lawyer may cost you.  But get advice before firing off legal papers if you have a personally significant amount in play here. 

cg

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