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Turquoise Hill Resources Ltd. (TRQ)

NYSE - NYSE Delayed Price. Currency in USD
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14.56+0.37 (+2.61%)
At close: 4:00PM EDT
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  • R
    RedFox
    https://www.forbes.com/sites/rrapier/2021/09/17/will-the-copper-deficit-derail-the-renewable-revolution/
    "Usmanov is not the only investor taking advantage of high copper prices and demand. Average ore grades in Chile, the world’s largest copper producer, have fallen by 30% over the last 15 years—but state-owned Codelco is finally sinking cash into its deposits after decades of underinvestment."
    Soaring base metal prices are crimping margins on renewable projects. But relief is on the way.
    Soaring base metal prices are crimping margins on renewable projects. But relief is on the way.
    www.forbes.com
  • R
    RedFox
    Turquoise Hill Resources (NYSE:TRQ) (TSE:TRQ) was upgraded by Macquarie from a “neutral” rating to an “outperform” rating in a research report issued on Friday PT $24.50 (US$)
  • K
    Katerina
    Gary, depending on market but I think I might sell UVXY tomorrow as it used to drop by Wednesday.
  • L
    LFG
    This board was once good. Terrible
  • D
    D
    Was TRQ’s share price supposed to go to single digits this month or next?
  • K
    Ken
    Is uptrend coming? Stock up 3% today. Copper demand increases as EV battery use growing.

    Gold may rise as inflation increases.
  • K
    Katerina
    time to load UVXY imo. Contango is below 5%, was 4.3% this morning, volume is 2x. Lets see how it goes this time. Bought today
  • A
    Adam
    Check out SHFE inventories. Another weekly drop. wild. where's all the copper?
  • G
    Gary
    It's been 291 days since SPY touched its 200 DMA, which is way, way, way down from current levels. And every time it touched it, it broke through on the downside. Do you feel lucky, punks? Do you think there will be a 300+ day record? You'll see what happens to TRQ when the bottom will drop out from the CONfidence game. GOM does not seem to be in a hurry not only to sign anything, but to negotiate anything with Rio Tinto. They're waiting for independent panel resolution. UG mothballing is on schedule...
  • J
    Joel
    I do not have a crystal ball, however knowing that the demand for copper will outpace the mining and production of the element for decades to come is a compelling reason for investment.
  • Z
    Zircon
    My post got deleted earlier. And it's not even showing up on my profile. But I want to follow up for those that have seen it. I want to give some reasons I'm bullish on TRQ (again). C2S project has been completed. With daily output going from 25k t/d to 95k t/d. That's a 280% increase that will absolutely reflect in earnings and revenue since gold/copper has found support at these higher levels. Now let's talk about copper. Yes, copper prices would tank if the market tanked. But TRQ is strategically and honestly hedged by pure luck. OT is so gold and silver rich, that this is a safe investment for a bearish market. Since gold usually trades inversely to the markets (if market tanks, the price of gold goes up). Now let's move to the IA drama. Contrary to popular belief, it means nothing. They are still mining and producing. Mongolia's GDP depends on it. And they absolutely know it. TRQ is still reporting positive earnings. Which means Mongolia hasn't curbed anything. Now let's talk about the public enemy #1, Rio. I hate them, and love them. But let's look at their subsidiaries. There are only 8 including TRQ. And all are successful, which means they have done their DD. They know what they have. That's why they are willing to keep their hand in the pot regardless of the drama. Otherwise, they would just let TRQ burn. And would have done it awhile ago. Yet it prevails. I lived in Ulaanbaatar for a good amount of time (as a fed), and I know that the Mongolians want nothing more than to cast cities in gold, as they once were under Ghengis Khan. And they know that TRQ and OT are the keys.
  • J
    John
    Over a month and no news on YF. Shareholders need to be kept in the loop!
  • J
    Joel
    The various industries such as home and building construction, infrastructure rebuilding and improvements, electric vehicles, solar and wind power, et al, will keep copper in short supply and in demand for now and years to come!
  • G
    Gary
    Back to $14's on the way to $7?
    Mid-September, no sign of any negotiations, $2.2B debt payment looming, time to dilute by 100% to get some needed cash for survival into next year. Mongolian zood about to start + market wobbling = TRQ punks will be in dour mood.
  • A
    Adam
    Don't say I didn't tell you so. Buy TRQ under $15, copper price on the up and up
  • U
    Ultra
    China copper imports drop 41% y/y in August on weak demand
    Reuters
    By Tom Daly & Mai Nguyen
    SEP 6, 2021 11:50PM EDT

    Excerpts:

    Sept 7 (Reuters) - China's copper imports fell in August, customs data showed on Tuesday, notching a fifth straight monthly decline as high prices for the metal and sluggish economic growth continue to keep a lid on demand.

    Arrivals of unwrought copper and products into China, the world's top copper consumer, were 394,017 tonnes last month, the General Administration of Customs said. That was down 7% from July and down 41% year-on-year.

    The data showed Chinese copper imports have declined in every month since October last year, except for March, after strong imports in the middle 2020 when China's economy rebounded strongly from the coronavirus pandemic.

    Factory activity grew at a slower pace in August versus July, although the construction sector, a key copper user, accelerated at its fastest pace since March.

    ========================================================================================

    Note to Adam "Millennial" Mey: If "demand" in China were so hot, why are their imports of copper metal COLLAPSING this year...........?

    Grow a brain, and keep your eyes peeled on that SHFE inventory, millennial...........

    You might want to look at Shanghai INE and bonded zone copper stocks as well..........

    Lol.
  • S
    STARWOOD
    John Paulson buying energy and mining stocks. He suggests big inflation is coming.
  • G
    Gary
    The World Health Organization (WHO) has reclassified the ‘Mu’ Covid strain, also known as B.1.621, as a “variant of interest,” amid concerns that its mutations indicate a potential risk of resistance to existing vaccines.
    The WHO announced the classification in the organization’s weekly pandemic bulletin on Tuesday, several months after the Mu strain was first identified in Colombia.

    “The Mu variant has a constellation of mutations that indicate potential properties of immune escape,” the WHO said, adding that “preliminary data showed it has the same behaviour as the Beta variant.”

    The decision to monitor the Mu strain comes amid concern from the WHO about the potential risk of resistance to vaccines posed by new mutations, as case numbers begin to rise globally in countries that have relaxed Covid restrictions.

    Since first emerging in Colombia back in January, the Mu variant has spread to other South American nations and some parts of Europe. Despite adding it to its monitoring list, the WHO says the Mu strain only has a 0.1% global prevalence among sequenced cases. The addition of the Mu strain to the list of variants of interest marks the first time a mutated version of the virus has been added to the list since June, when the Lambda mutation – first detected in Peru – was included among those being monitored by the WHO.

    Currently, the WHO has identified four strains as “variants of concern,” including Alpha, which has spread to 193 countries, and Delta, which has fueled a rise in cases across the globe. Five strains, now including Mu, are being monitored as “variants of interest.”
  • A
    Adam
    Shanghi warehouse futures inventory dropping to historic lows again. Deliverable under 70K tonnes and on-warrant under 25K. LME is still rising but looks like it's peaking. Could see another copper price run here soon.
  • b
    brian
    Well had a e mail from Roy last week. He responded to my displeasure with TRQ. I just got a strong feeling TRQ is going to do a rights offering again. just read between the lines. I believe Rio is going to use delay of undercutting to justify rights offering. I have been long for very long time. Not trying to discourage but it is getting frustrating after year's......and years the money we should be making is crazy.