Gary Bourgeault
Long only, research analyst, portfolio strategy, media

Why Turquoise Hill Has Been Soaring

Shares of Turquoise Hill (NYSE:TRQ) have soared since closing at $4.01 per share on October 15, 2013. The company has been under pressure since the government of Mongolia let it be known it has 22 points of contention with the company, which resulted in the second phase of development at its giant Oyu Tolgoi copper/gold mine to be suspended.

The announcement it has started negotiations again is the major catalyst, with the confirmation of a secondary catalyst being the impetus behind Turquoise Hill soaring over 10 percent on October 21, 2013. That catalyst was that customers were allowed to start collecting concentrate from the Chinese warehouse.

Following these two events is the importance of new CEO and president...

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