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Turquoise Hill Resources Ltd. (TRQ.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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29.79-3.75 (-11.18%)
As of 02:47PM EDT. Market open.

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  • J
    Justin
    Just think why they reject 2.7bn deal? Their value is more than that!
  • G
    GBS
    Overblown reaction..hedge funds tricking panicked retail minority investors out of their shares.. dont these people ever learn…. This thing goes 40 by end of next week or more !.. tHen when the real offer comes in or some other miner steps up to the plate we see 80 plus .. IMHO
  • G
    GBS
    “Offer does not reflect full and fair value”…. Is there really anything more that needs to be said ?
  • S
    STARWOOD
    BHP was rejected last week in buying copper miner OZ minerals. Maybe BHP should call Pentwater and offer a realistic price for all minority shares.
  • M
    Millenials8ass
    Price rejected.

    "the independent valuator retained by the Special Committee, and noted that Rio Tinto’s offer price of C$34 per share was well below a range of values implied by TD’s preliminary analysis."
  • R
    RedFox
    What a great day, I'm getting discounted (almost free shares) in a mine with an 80-100 year life and I already know they are worth a lot more then $26US which was done in conjunction with the board of TRQ so I am sure all questions about the mine were answered. Its not everyday you get free money. Thanks Rio
  • S
    STARWOOD
    The special committee should post the range of prices valuations they received if they truly represent minority holders. If not they are working for RIO.
  • R
    RedFox
    The pre-market activity is interesting. An independent valuer just said $26US is well below fair value and those that hold will get discounted shares.. it appears like a good time to buy... I'll definitely be taking up the full rights offering..
  • R
    RedFox
    The underground will start early next year and continue to ramp up with pace. Copper prices have taken a hit based on recession fears, however the last set of numbers from the US are hinting at a weak/no/short recession. China will push ahead with stimulus, we already had the IRA in the US, the carbon economy is the future. TRQ is an incredible mine with a bright future. I am looking forward to the results of the latest drilling, expected in H2 2022 and a successful reprofiling of long term debt. The independent valuator said it today, the offer $26US was "far below" the fair price. Onward and upwards for TRQ.
  • K
    Kirk
    Well below means offer must at least double
  • K
    Kirk
    well below = $40 plus
  • R
    RedFox
    I'm happy we were not forced to sell for a fraction of its true worth. However that board do not represent our interest and appear to be working for RIO. The logical thing would be to reprofile the debt first and possibly include an additional $650m in additional funds but we know since approx 2019 Henry steel said it was a 'fait accompli' as he said rio wanted the equity raise... we all know why.
  • M
    Mano
    Another opportunity for a bargain sale. Buy more shares strongly.
  • K
    Kirk
    $30 plus offer must be made
  • M
    Michael
    A big shout out and mucho gracias to whoever let me have the cheap shares this morning. TRQ has been on my watch list for awhile now. And today, it’s in the fold! Rio will likely be back. If they’re not, I’m happy to hold forever.
  • H
    Hrdwkgdog
    Who thinks RIO will increase its offer price ?
  • M
    Mano
    If China invades Taiwan, how do you think it will affect Oyu Tolgoi and TRQ prices?
    The possibility of an invasion of Taiwan within a month is already widely discussed in Japan.
  • D
    Denis
    RIO said the value of the TRQ is C$34, the expert's valuation is well above RIO's offer even with the recent changes in the copper market. It confirms that it is for long-term investors. now, amateur investors will sell us the stock at a discount. We take advantage of it :)
  • b
    bostonchicken99
    Right in the middle of China. Someone is not telling the truth about this buyout. IMHO.
  • b
    benedict
    double bottom done. lets go up.