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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

Comment by Countrygenton Nov 24, 2022 6:01pm
273 Views
Post# 35126455

RE:Look at it this way

RE:Look at it this way

Skip, I wish you well but I would take that opinion with a grain of salt.

Pentwater has a separate action going in NY.  They can take 'the same' as other dissenters on the dissent side and load up on the other settlement.  TRQ won't even be a reporting issuer after the vote goes through.

These guys have shown their colours, the Rio view is beat up the little guy.  Pentwater is in it for themselves, which may not be nice but is the way the game is played, they don't owe much in the way of legal duties to fellow minority shareholders.

They methodically ground down the market expectations for TRQ for over a decade, which suited both them and their "bad cop" the Mongolians exceptionally well as they cleaned up OT between themselves.  

Average TRQ price, 2011, years before much advancement of the mill and mine, and a much more favourable CU outlook today .... $231.

'Nuff said.

Good luck and best wishes to all.

cg

 

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