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Turquoise Hill Resources Ltd. (TRQ)

NYSE - NYSE Delayed Price. Currency in USD
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29.91-0.41 (-1.35%)
At close: 04:00PM EDT
29.92 +0.01 (+0.03%)
After hours: 06:10PM EDT

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  • S
    STARWOOD
    Nice gain so far on low volume. Possibly Pentwater has convinced other funds to buy as well.
  • G
    G
  • m
    mike
    Of the 98,000,000 minority shares Pentwater and Sailingstone own 33% and a NO VOTE. That means only 1/3 of the remaining minority institutional and private shareholders need to vote NO. My 25,000 shares are a NO.
  • G
    GBS
    Pentwaters case thrown out ! They must have settled with RIO !
  • S
    STARWOOD
    Just saw US judge has allowed Pentwater case to go ahead on RIO cost over run at TRQ.
  • G
    G
    Lots of gold companies making a shift to copper and copper assets....TRQ more golden!!!!
  • M
    Mike
    So what would be a fair price for TRQ? I would think $50 range. If all the future plans workout and no more government or employee problems. Think atleast BV is the bottom.
  • K
    Kevin
    Why doesn't Pentwater put in a competing offer?
  • G
    G
    don't get fake out from increasing lack of volumes in TRQ shares as markets continue to skate on thin ice with the sell-off.....U/G is getting ready to gush cashflows and Tainto has NO OTHER choice for growth outside of FE (which is in DECLINE)....TRQ a winner over the next 3-6months with upward catalysts and bid support!!!!
  • R
    RedFox
    Why has TRQ not pursued debt reprofiling despite it being stated ?
    "Pursuing the rescheduling of principal repayments of existing debt (Re-profiling) to potentially reduce the base case incremental funding requirement by up to $1.7 billion;"[1]

    [1]trq_combined_fs-mda_q2'22.pdf
    Of the $3.8 USD billion "debt" stated in Goldman Sacks "valuation" of TRQ approx $1.7USD billion could potentially be taken out of the valuation model!
  • M
    Mike
    I wonder if RIO could keep the offer price at c$43 and offer RIO shares for the remaining. At the end of the day I want to own however owns the 4th largest copper mine heading into the future. I would take a c$43 and something like a 1 for 2 split for rio shares.
  • M
    Mike
    When is the actual vote happening? Assuming we will all get something from brockerage to cast our votes.
  • S
    STARWOOD
    Copper is 3.6165 now at 2 pm East coast time.
  • B
    BRAINSURGEON
    there's going to be a ton more buying in the next month from pentwater and others that want to increase ownership percentage to possibly stop the buyout-its a no brainer if they dont stop it they still make money up to $33
  • M
    Millenials8ass
    Where is Pentwater and why haven't they made a statement?
  • G
    GBS
    New offer coming… $52 CAD
  • B
    BRAINSURGEON
    someone could be buying up the float to make sure vote passes or fails
  • M
    Mano
    Let's all stick together and say NO.
    I am not entitled to vote, but will become a shareholder during the crash if the vote is rejected.
    Thank you very much.
  • S
    Steven
    GS says bid too low:

    2336 GMT - Rio Tinto's C$43/share cash offer for shares in Turquoise Hill that it doesn't already own falls short of Goldman Sachs's valuation. Turquoise Hill, which is 51%-owned by Rio, has a 66% interest in the Oyu Tolgoi copper- gold mine in Mongolia. In a note, analyst Paul Young estimates Oyu Tolgoi is worth US$23.5 billion, citing Goldman's long-term outlook for copper prices. That means Rio's current 34% effective share of the operation is worth US$9.1 billion. "The US$3.3 billion offer equates to an enterprise value of US$10.4 billion including Turquoise Hill's net debt as at 30 June of US$3.8 billion, which implies a valuation of US$15.7 billion for 100% of Oyu Tolgoi," Mr. Young says.