Turquoise Hill Resources Ltd. T.TRQ

AGM

[Countrygent]

While the election of the Rio Tinto aligned management slate of directors was a foregone conclusion, a majority of the minority gave their proxies to Pentwater and withheld support for the management slate.

Halbower gave a little speech and hinted at malfeasance and the turnover in senior management as being in part due to conflicts with their duties to TRQ and Rio Tinto directives.

All table-setting for two potential eventualilities - an oppression action alleging an abuse of minority shareholders by Rio Tinto - most likely focussed on the cash payments they have received as prime  contractor and lender at OT, and the ability to block any corporate action where a “majority of the minority” is required for approval - take over bid, arrangement, amalgamation.  

The movie might be called “There will be litigation”?

Personally, I regard the proposed share consolidation is a nasty piece of work to cover the tracks of the destruction of market cap valuation.  As said before, far too much bad news trumpeted, good news kept quiet, and glum outlook promoted by the number one biller to TRQ and the most likely buyer of the minority equity ... is wrong.

Good for Halbower, and I recognize they have their own agenda as well, but at present it seems aligned with mine - get the share price up.

cg

[UNKLAL]

My disappoint goes way back when Friedland left the table with his payout n the little guys were left to pound salt as they say. With Rio now in charge for another year, I can't see how if there is an early buyout how the wee shareholders who have been along on this brutal ride will ever see a fair sp!!! UNKLAL

[fruitvale3067]

Countrygent,  It will be interesting to see if Turquoise Hill actually recognizes the issue with minority shareholders or wether it's lip service. It would be nice if they were seriousabout addressing the concerns, however I suspect it's going to be lip service. The one good thing in shareholders favor is when they hit the high grade gold in the open pit later this year. With a 3

[1student]

Hello Countrygent. Yes, the proposed share consolidation will, to the uninitiated and unaware, serve to "cover the tracks of the destruction of market cap valuation"; this is quite regrettable and extremely unprofitable in the near term. I am currently trying to exit my position prior to the proposed share consolidation. We all know that following a share consolidation the newly

[Paray99]

Are you trying to tell the board of directors that you need to make a profit? That never happened in the history... Directors will be always working hard to fill their pockets more and more... of course that includes your money too....

[Countrygent]

Hey 1student, good point on the typical effect of a consolidation. Maybe with TRQ things aren’t quite typical.  There has been such a destruction of the projected NPV of the underground development, where the leverage to copper and gold prices lies due to much higher mining grades, that market recognition of value could occur at any time.  This is particularly true if the market sees

[Countrygent]

Just bumping my own post from August 9 cautioning against trading out of the probable upcoming share consolidation. Nothing has changed except the metals prices are now an even bigger beach ball RioT is having trouble keeping under water.   Look into your crystal balls boys boys and girls.  Just how is any major central bank going to allow its currency to appreciate when governments

[1student]

Hello Countrygent. You must forgive my extremely delayed reply. I have been occupied with other most pressing issues. Nevertheless, I greatly appreciate all the information which you provide for TRQ bullboard participants. With respect to your provisioning of information. You consistently demonstrate a deep, concise and yet most comprehensive knowledge of past and present issues as relates to both