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Bullboard - Stock Discussion Forum 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... see more

TSX:TRQ - Post Discussion

Turquoise Hill Resources Ltd. > Ridiculous offer
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Post by Absalom9894 on Aug 30, 2022 2:00am

Ridiculous offer

Many of you probably didn't participate in the $2.40 US stock sale to increase capital. They increased total shares to over 2, 000,000,000. The recent 1 for 10 reverse stock split now resulted in 200,000,000 total shares outstanding. Rio Tinto was aware then of their future interest in buying TRQ. They planned this then. This means the $40 Canadian they are offering is the equivalent of $3.10 US, this is based on our original investment going back many years.. Taking the money and run, would be foolish. The $40 Canadian sounds great to a more recent investor who recently invested at much less than $40 Canadian.. If you were around awhile you would also know, Saing Stone and Pentwater have been invested for many years . They are aware as I, how ridiculous their offer.
Comment by UNKLAL on Aug 30, 2022 10:31am
Me too!!! and $40.00 Cdn. ain't going to do it. I think they will be looking at a price somewhere north of $60.00 Cdn. jmo UNKLAL
Comment by Ratso07 on Sep 01, 2022 12:28am
Looks like they have settled for Can $43 
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