Turquoise Hill Resources Ltd. T.TRQ

Tree shaking

[Windsorman]

Traders testing your patience and collecting shares on the cheap knowing the deal will get approved. Hang on or buy more sshares. I am. GLTA

[Sooner]

Me thinks the market believes the deal is not happening based upon the way it's been trading the last week...

[Skip57]

The market is definitely saying that the deal will fail.  Recall that if the minority other than Pentwater and SailingStone participate in the vote at 90% (unlikely), only 23.24% need vote "NO" to defeat proposal.  At 75% participation, only 17.9% need vote "NO".  I believe the proposal will fail, the stock will suffer some more, however, RIO WILL make a much

[Windsorman]

Dream on.

[Windsorman]

I've seen this happen  many times over the last 40 years of investing. People raise doubts last minute to buy on the cheap. I'm ready to buy more on any further weakness, Voting deadline Friday @ 10:30 AM. 

[Windsorman]

The market has spoken. Deal will get done. GLTA

[Sooner]

If it was a 100% done deal....then it would be trading much closer to $43. 

[Windsorman]

If you believe it won't happen then sell. No escape clause in the offer for Rio Tinto. Just the results of the vote at meeting next week. GLTA

[marpincan]

I believe it won't happen,I  voted no and will wait till Pentwater gives Tinto a few more kicks in the nuts to sober them up and get a better price and then take that price (maybe ;-) ) . If Pentwater votes no , then this deal will sink (they and Sailingstone own over 30% of the minority shares. They will use desenters rights to get a seat on the board and a better deal. It will take some

[riverrrow]

If the big boys/arbitrageurs thought this was a done deal the share price would be trading at less than 5% of the buyout price, maybe even less than 50 cents below buyout price.  GLTA.

[marpincan]

What the scum bags at Tinto and there asigned TRQ minions are not telling anyone is that when you include all the drill holes they are not making public, this deposit holds well over 1 trillion of value in the ground! You are damn right that Tinto is not getting it at the insultingly lousy $43/ share they offered. The reason it went up today is because Pentwater bought a boat load more shares

[Sooner]

Why would they load up on shares today- would they still be able to vote those shares they acquired since they just increased their position? I thought you have to be shareholder of record as of Sept 19...but maybe since they were shareholder and just increased their position they are able to vote all the shares accumulate up to Friday to vote those? 

[Windsorman]

Your correct. All they really care about is making money. Buy now under the bid and make an easy profit. GLTA

[Sooner]

Yeah - if you could guarantee me 100% it's going to be approved I'd buy $2M today...unfortunately you cannot. How about i shoot you $2M today and you shoot me back $2.1M and I'll let you keep the other $100,000 of our approx 10% return guaranteed that you keep referring to...

[Windsorman]

It looks like PW and MH now owns 31% of the 49% minority. This is not enough to block the buyout. Simple math. Thanks for the cheap shares. I'm stll the green GLTA

[Sooner]

so it needs about 1/4 of other shareholders to vote no and you think it's a done deal??? Not sure how you arrive at such a conclusion. Once again, if it was a done deal it would be VERY close to $43 today!

[Skip57]

Windsorman:  Read my previous posts which detail the votes necessary by the minority other than Pentwater and SailingStone's 32% to defeat the proposal.  The hurdle to defeat is less than 25% assuming a 90% participation by the minority.  Require only 1 out of 4 votes to defeat.  If the participation is less than 90%, then the hurdle to defeat decreases.

[riverrrow]

The number of shareholders that vote  even in a buyout situation is sometimes appallingly low.

[Skip57]

riverrow, I agree that participation may be very low.  I used 90% to err on the conservative side.  With 75% participation, the hurdle drops to 17.9%.  I can't see how the offer will succeed.