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...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|