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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 Malpeque2on Nov 30, 2022 10:30am
268 Views
Post# 35139596

RE:New Meeting December 9th and Correction

RE:New Meeting December 9th and CorrectionOf course you can vote NO and Dissent.   In fact the M&A deals I have read and been involved in you have to vote NO in order to Dissent.   

What I did not know is that you can not vote,  or abstain,   and still have dissent rights.    This seems new to this RIO deal,   and is probably the modification to the judge's order in Yukon that has now been approved.  

Since the vote may be close,   It seems the dissenting minority should  abstain,   in order to get the deal to go thru,  and then dissent in the Yukon.    It's doubtfull that anyone gets less than the current cash price,  and the company has every incentive to not go to court with each and every shareholder so there is probably a reasonable negitiation for dissenter's available. 

The idea that the company is going to pay DOUBLE for Sailing Stone and Penwater is a farce.   No way.   10-20% over the cash price today is much more likely and reasonable.
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