5d 1m 3m 1y 5y 10y
There is research on this stock available only to PRO subscribers.
There are no News articles on SGQRF.
SGQRF vs. ETF Alternatives
Friday, Nov 82013, 11:41 AM
Friday, Nov 82013, 11:41 AM| 2 Comments
- Turquoise Hill Resources (TRQ -2.7%) says it will restate financial results for 2010-12 and part of this year after its SouthGobi (SGQRF) subsidiary decided to change the way it recognizes revenue.
- SouthGobi, which produces coal at the Ovoot Tolgoi mine in Mongolia, says some sales were booked after delivery to the customer’s stockpile at the mine; the restatement will reflect the recognition of revenue after the coal is loaded onto the customer’s trucks.
- TRQ owns a 58% stake in SouthGobi, and Rio Tinto (RIO) owns 51% of TRQ.
Tuesday, Jun 262012, 2:55 AMSouthGobi Resources (SGQRF.PK) falls 8.2% in Hong Kong trading to the lowest level since its 2009 listing after the company's operating report raised uncertainties over whether Chalco (ACH) would move ahead with plans to buy a controlling stake in the miner. SouthGobi also said it reduced output in Q2 and warned of deteriorating market conditions. |Tuesday, Jun 262012, 2:55 AM| Comment!
- View all 2 replies
Mayascribe:: Read it. Well written. Terrifically sad state of affairs.
Jon Springer:: Thanks Maya. The hearsay stuff I can't publish is far more colorful ;-). Weird progression of events. Hope your holidays were happy.
- View all 1 replies
declanfromtrinidad:: relax jon, even if it don't bounce back up today, it will shoot next year. hoping the entire market fall drastically, so i can buy more TRQ.