Turquoise Hill Resources Ltd. T.TRQ

Hot off the press

[theSwede99]

Filed 2019-08-15 10:35   Tx date 2019-08-15

$TRQ  Turquoise Hill Resources Ltd.

Quellmann, Ulf 4 - Director of Issuer, 5 - Senior Officer of Issuer

Common Shares 10 - Acquisition or disposition in the public market

$112,125  +172,500vol  $0.65 each

192,100

[skepticalme]

Like peeing in the ocean. Needs to be $122 MILLION to even tickle the problem.

[domcolumba]

50 to 1 stock consolidation imminent.

[skepticalme]

I don’t think it’s imminent. I think the price has to go below $0.50 first. And the more reasonable reverse split would be 1 for 20. But not the last... After the reverse split, the price would be just below $10 CDN. All your shares will be gone mind you. After the 1/20 the price will again sink to near $2.00 and they would do a 1 for 5. By then, any of today’s bag holders will have lost 99.9

[domcolumba]

Looks like restructuring or creditor protection very likely now. Wow Dom

[240Gordie01]

Seriously... nice try shortie... Goldman Sachs strategic share price collapse so that RIO can buy out remaining shares of TRQ..already being looked at by both the SEC and the Canadian equivalent to the SEC... RIO and Goldman are in big trouble...class action lawsuits to follow the fines.