~*~Mining and Metals Du Jour~*~

[ConferredDiligence]

Apparently TRQ is waiting on some sort of decision from the GOM (Government Of Mongolia?) that a loan hedges on. That along with 2B shares outstanding and 4.2B debt is definitely weighing on the share price.

Here are a couple quotes from Yahoo finance message board:

"Banks are willing to loan but GOM might oppose and there's a limit as per Dubai agreement, trq can borrow, tops $1.2b. I just don't want to speculate now before GOM announces its position. GOM and RIO need both to compromise for OT to work out as per new deadline 2023. If there's no compromise, I believe production date will move further as IMO standoff will occur."

"I think you are minimizing risk. Now all depends on what GOM will announce. If GOM is not willing to compromise and accept other concessions (new ore lab, decreased interest, open books vs Dubai agreement amendment ), there will be a freeze of OT UG. At this point, only RIO can complete UG (even thou it's not RIO but subcontractors are designing UG). Soon we should know everything. RIO was optimistic during CC."

But then yesterday was this:

"Anyone Notice yesterday's extended sessions trades? Anyone else notice the 30M shares traded after hours yesterday. I see 6 trades of 5M each between 16:07 and 16:14. Will be very interesting at the open as this obviously was an arranged trade that may signal the bottom of this nightmare."

https://finance.yahoo.com/quote/TRQ/community?p=TRQ&.tsrc=fin-srch

There is a lot going on here....