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I sold my shares of TRQ today for 413% profit. Best to everyone.
Turquoise Hill Acknowledges Privatization Proposal Received from Rio Tinto
March 14 2022 - 07:30AM
PR Newswire (Canada)
MONTREAL, March 14, 2022 /CNW/ - Turquoise Hill Resources Ltd. ("Turquoise Hill" or the "Company") today acknowledged receipt of a non-binding proposal from Rio Tinto International Holdings Ltd. ("Rio Tinto"), which Rio Tinto has separately announced by press release issued earlier today, outlining its proposal to acquire the approximately 49% of the outstanding shares of Turquoise Hill held by the Company's minority shareholders (approximately 99 million common shares) for cash consideration of C$34.00 per share. Rio Tinto has stated that its proposal is conditional on, among other things, Turquoise Hill not raising additional equity capital, including through a rights offering, bought deal or other share placement, pending completion of the proposed transaction. The Rio Tinto proposal does not amend the terms of the amended and restated Heads of Agreement entered into by Turquoise Hill and Rio Tinto on January 24, 2022 which establishes a binding funding plan for the completion of the Oyu Tolgoi underground mine.
Turquoise Hill (CNW Group/Turquoise Hill Resources Ltd.)
The board of directors of the Company will be establishing a special committee of independent directors to review and consider Rio Tinto's proposal. Turquoise Hill shareholders do not need to take any action with respect to the proposal at this time.
1.7 million shares after hours buy on Toronto exchange. $TRQ Time to prepare for the motherlode on Monday. This stock will be getting some attention.
I'm pretty bullish for $TRQ to be $30 by the end of the month! They haven't even been listed on the S&P yet (Monday 3-22-21) I think after todays spike TRQ gets attention enough to bring in some whales. I truly expect $80-$100 by mid summer if a buyout doesn't happen before that. Pentwater has held for 10 years, they won't settle for a buyout very cheap either$$
Edit: I just thought I throw in my one year price target is $150 (it is currently worth all of that). Throw in copper prices over $5 (very likely) I'd say $200+
TRQ broke through $17 this morning and has continued until it broke through $18 after lunch hour. While the volume is double the 200 day average, it is about the same as the 50 day average. So far, the public has not become excited yet, but when they do, the volume will pop and the price will skyrocket in no time. I am still bullish about TRQ reaching the $30 mark either near the end of this year or sometime next year. My timing could be off as this is just my 2 cents.
$TRQ is a good one for sure. I'm expecting some excitement on monday. This is ticking off all of my DD boxes and it just keeps getting better.
WOW indeed!
TRQ is one of my top four stocks for gains that I am holding.
$TRQ added to S&P TSX composite index. Wow! http://www.salamancapress.com/news/state/s-p-dow-jones-indices-announces-changes-to-the-s-p-tsx-composite-index/article_8b121dfb-bfa5-5c6d-99ea-a26b0e19cdfa.html
Good news out today with solid financials. Up up and away! $TRQ
https://www.prnewswire.com/news-releases/turquoise-hill-announces-financial-results-and-review-of-operations-for-2020-301242738.html
$4.11 copper. This is the price where people break into houses and steal all the wiring and don't bother hitting the safe. $TRQ may be the worlds largest copper deposit.
https://markets.businessinsider.com/news/stocks/turquoise-hill-ceo-quits-on-rio-tinto-meddling-9879791
China needs a lot of copper. $TRQ mine has a mother lode of it and were sitting just to the North of them. The current price is literally laughable. $200 by August
Rio Tinto can't keep this cat out of the bag any longer boys. Share price should be easily over $100 and it's sitting at $14 haha! Let take this baby to the moon. $TRQ
$TRQ about to hit the fan! Owns one one the largest copper mines in the world and copper hitting record highs$$
TRQ broke the $16 mark this morning. The next level that needs to be broken is around $32 or there about. TRQ is still moving slowly upward, which in my opinion means more gains ahead overall. There will be up days and down days. Looking at the chart I continue to see upward movement for the time being.
$TRQ Back to $.50 after Reverse Split Turquoise Hill Resources, Ltd. Ivanhoe Mines LTD TRQ
Turquoise Hill Resources (NYSE:TRQ) (TSE:TRQ) had its price target raised by analysts at Scotiabank (3 out of 5 stars) from $20.00 to $22.50. They now have an "outperform" rating on the stock. This represents a 77.9% upside from the current price of $12.65.
* * $TRQ Video Chart 09-10-2020 * *
Link to Video - click here to watch the technical chart video
TRQ-- 2B OS, needs massive equity offering to finance debt via Rio Tinto. Will come back when it's in the teens. GL
I think it will continue to trend higher but a dip back to 1 is certainly possible.
I Think it will continue to trend higher but a dip back to 1 is certainly possible.
Yes, nice move. She gapped up two days in row. Do you think it will drop back to 1.00 to fill the gap or continue upward? Have a great evening.
Nice little move :)
* * $TRQ Video Chart 08-31-2020 * *
Link to Video - click here to watch the technical chart video
$TRQ | #TurquoiseHill Gap Fill Opportunity
Turquoise Hill Resources Ltd. engages in the exploration and development of mineral properties. Its principal mineral resource property include Oyu Tolgoi copper-gold-silver project located in southern Mongolia. The company was founded by Robert Martin Friedland on January 25, 1994 and is headquartered in Quebec, Canada.
JUST IN: $TRQ Turquoise Hill announces increased 2021 gold production outlook and files 2020 Oyu Tolgoi Technical Report
MONTREAL , Aug. 28, 2020 /PRNewswire/ - Turquoise Hill Resources Ltd. (" Turquoise Hill " or the " Company ") today announced increased 2021 gold production outlook, and filed an updated technical report for the Oyu Tolgoi Project (the " Project ") prepared in accordance with the requirem...
Read the whole news TRQ - Turquoise Hill announces increased 2021 gold production outlook and files 2020 Oyu Tolgoi Technical Report
Picked up a few more today
added a small position yesterday and watching for dips to start a long position.
No brainer. Plus it's a "strong buy" on Gregg's stock screener...
TRQ is going to go over a buck soon. If/when RIO and the GOM reach an agreement, this is going to go up, waaay UP! With gold production increasing from 150koz this year, to UPwards of 500,000 next year, EARNINGS are going to be, STELLAR!!!
Oyu Tolgoi enters into an agreement on a preferred long-term power supply
June 28 2020 - 06:30PM
PR Newswire (Canada)
MONTREAL, June 28, 2020 /CNW/ - Turquoise Hill Resources today announced the Government of Mongolia and Oyu Tolgoi LLC have reached an agreement to prioritise a State Owned Power Plant (SOPP) in order to support the Government's decision, taken by Cabinet in April, 2020, as the domestic power solution for the Oyu Tolgoi mine in Mongolia. The agreement envisages that the Government of Mongolia would fund and construct a SOPP at Tavan Tolgoi.
The existing Power Source Framework Agreement (PSFA) between Oyu Tolgoi and the Government of Mongolia has been amended to reflect joint prioritisation and progression of SOPP in accordance with agreed milestones. Upon its delivery, SOPP would provide long-term and reliable power supply for Oyu Tolgoi's open pit operations and underground project development.
The Parties will now work towards achieving the milestones agreed in the amendment, which include signing a Power Purchase Agreement by 31 March, 2021, commencement of construction by no later than 1 July 2021 and commissioning of SOPP within four years thereafter, and, negotiating an extension to the existing power import agreement by 1 March, 2021, to ensure that there is no disruption to the power supply required to safeguard Oyu Tolgoi's ongoing operations and development.
"We welcome the Government of Mongolia's proposal to progress Oyu Tolgoi's long-term domestic power requirements and to prioritise SOPP," stated Ulf Quellmann, Chief Executive Officer of Turquoise Hill. "The amendments to the PSFA provide Oyu Tolgoi and the Government the additional framework and time required to solidify a power solution and finalise the commercial arrangements in the best interests of all stakeholders. This agreement is a testament to the continued collaboration and commitment of the Government, Turquoise Hill and Rio Tinto to the long-term success of Oyu Tolgoi."
The agreed PSFA amendment can be found at www.turquoisehill.com.
TRQ is acting the way I like it, nice and slow. The high of $1.30 was near the end of June of last year. Maybe in a few more months we will be back at that level and above. Hope you have a great evening.
They have their own website.
$TRQ website listed on OTCmarkets as goldfields.com ($GFI) ???
https://www.otcmarkets.com/stock/TRQ/profile
$TRQ @ .51
PENTWATER FILES PROXY CIRCULAR FOR SHAREHOLDERS OF TURQUOISE HILL RESOURCES LTD. (TSX:TRQ) (NYSE:TRQ)
Issues Letter and Proxy Critical of the Treatment of Minority Investors in Turquoise Hill by Company’s Current Board and Management and its Controlling Shareholder Rio Tinto plc.
April 02, 2020 16:00 ET | Source: Pentwater Capital Management LP
https://www.globenewswire.com/news-release/2020/04/02/2011081/0/en/PENTWATER-FILES-PROXY-CIRCULAR-FOR-SHAREHOLDERS-OF-TURQUOISE-HILL-RESOURCES-LTD-TSX-TRQ-NYSE-TRQ.html
In retrospect, this is a disaster... what's Rio doing???
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Turquoise Hill Resources (TRQ: TSX, NYSE & NASDAQ) is an international mining company focused on copper, gold and coal mines in the Asia Pacific region.
Meet the Management... | and the Board of Directors including Dr. Marc Faber - | |
http://www.ivanhoe-mines.com/s/Directors_Executives.asp | http://www.ivanhoemines.com/s/Directors_Executives.asp |
One Stop Shop for Contact Info | Investors Forum/FAQ's | |
http://www.ivanhoemines.com/s/Contacts_and_Offices.asp | http://www.ivanhoemines.com/s/Investors.asp |
News Centre | Mongolia Projects | |
http://www.ivanhoemines.com/s/News_Releases.asp | http://www.ivanhoemines.com/s/Oyu_Tolgoi.asp?ReportID=379189 |
South Gobi Energy Resources Coal Projects | Other Projects in Asia | |
http://www.ivanhoemines.com/s/Coal_Projects.asp | http://www.ivanhoemines.com/s/Additional_Projects.asp |
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