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Turquoise Hill Resources (TRQ -2%) is lower after reporting a Q4 loss of $0.17/share and...

Turquoise Hill Resources (TRQ -2%) is lower after reporting a Q4 loss of $0.17/share and revenues of $41M, results that fell well short of analysts expectations. TRQ says first concentrate at the Oyu Tolgoi mine was produced Jan. 31, and commercial production is expected to start by the end of June subject to the resolution of issues being discussed with Mongolia's government.
Comments (3)
  • That's quite a caveat. Production will start, "subject to the resolution of issues being discussed with Mongolia's government."
    26 Mar 2013, 11:49 AM Reply Like
  • this news release is a joke and shows total ignorance on the part of the writer and any analyst having earnings expectations. They are not in production yet so the numbers and the release is meaningless.
    26 Mar 2013, 12:05 PM Reply Like
  • You’re right, what kind of dysfunctional analyst would expect anything different? Oyu Tolgoi hasn’t started, SouthGobi has been shut down the last 8 months, and Ivanhoe Australia has only recently started up. The new 2013 Technical report showing increased reserves was just disclosed. Get real.

     

    WOW! The stock is down 2%. The fact that 93% of the outstanding is controlled by RIO, Friedland, Caisse, FMR, Temasek, Janus, and numerous others, and there is only 7% actually being traded. So, a drop of 2% by a handful of small traders is of no worry. I can assure you that none of the 93% have any intention of selling anywhere close to the current PPS.

     

    Mark my word, the greed of a handful of politicians will eventually backfire on the Mongolian people. To think that a 2 trillion dollar operation has a cap of 6 billion is ridiculous.

     

    On top of that, the idiots at Yahoo have blocked any meaningful information or discussions with their absence of a message board which in turn eliminates any real disclosure of the facts..
    26 Mar 2013, 01:05 PM Reply Like
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