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  • Turquoise Hill warns of further Oyu Tolgoi delays but eyes potential restart  [View news story]
    Why is it we still don't have a message board on Yahoo after the name and symbol chance from IVN? Tried numerous times to contact Yahoo with no success.
    Feb 14, 2014. 11:34 AM | Likes Like |Link to Comment
  • Turquoise Hill warns of further Oyu Tolgoi delays but eyes potential restart  [View news story]
    It's not only the Mongolian Government's actions that's causing TRQ from being a good investment. Rio is literally squeezing the shareholders of TRQ for their own benefit. They could have easily extended the financing to TRQ for 6 months to one year and eliminated the last rights offering. I think they are eventually going to try to take over Oyu Tolgoi and buy out the smaller TRQ shareholders for a very cheap price.
    Feb 13, 2014. 04:19 PM | Likes Like |Link to Comment
  • Turquoise Hill plans rights offering for Oyu Tolgoi  [View news story]
    Well, thank you for such a panic selloff. I picked up another 7000 shares in the $4.07-$4.08 area and will buy as much of the rights offering I can. Mongolia needs Oyu Tolgoi more than RIO and will eventually settle their dispute because it is the best thing for the Country. Mark my words, in less than 1 year, TRQ will be one of the top % gainers on the NYSE.
    Nov 14, 2013. 10:42 AM | 1 Like Like |Link to Comment
  • Rio Tinto (RIO) is accelerating a plan to sell billions of dollars in non-core assets despite a slowdown in commodities that could lower the price tag on the deals. Latest to go on the block is the 57% stake in Ivanhoe Australia owned by unit Turquoise Hill Resources (TRQ), with a market value of ~$156M. RIO also has been trying to sell TRQ’s 58% stake in Mongolia-focused SouthGobi Resources.  [View news story]
    RIO is simply robbing the minority holders of TRQ blind. Why none of the major 49% holders of TRQ are allowing this is unclear. It's no secret that they got involved with TRQ only for Oyu and care less for the other valuable TRQ companies. To be fair, they should spin off the other assets of TRQ and buyout the Oyu project. They can then sell their spin off shares of the lesser companies.
    Apr 13, 2013. 10:58 PM | Likes Like |Link to Comment
  • Turquoise Hill's (TRQ) report this week outlined a smaller than expected plan for the Oyu Tolgoi mine, keeping the rate for phase two expansion at 100K metric tons/day of ore with no immediate plans to hike capacity to 160K metric tons. Peter Koven says the question is whether expansion is really on hold, or if it's Rio Tinto's (RIO) way of playing politics and sending a message to the Mongolian government.  [View news story]
    I hope it is to send a message to the Tea Bag segment of the Mongolian parliament. Any business thinking of doing business in Mongolia should think twice before doing so. When businesses can trust the government to abide by their contracts, then Mongolians will benefit and profit.
    Mar 28, 2013. 12:13 PM | 1 Like Like |Link to Comment
  • 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.  [View news story]
    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..
    Mar 26, 2013. 01:05 PM | Likes Like |Link to Comment
  • SouthGobi Resources (SGQRF.PK) says it resumed operations at its flagship Ovoot Tolgoi coal mine in Mongolia, where production has been curtailed since June because of weak demand and customer uncertainty about its future. It says signs of improvement in coal markets justify the restart.  [View news story]
    It's not the weak demand that caused the curtailment, it's the Mongolian Government who are not to be trusted when entering contracts. Anyone who has stock holdings in any company who is interested in or negotiating to do business with Mongolia should contact their respective Officers and Board of Directors to tell them to stay away from doing business with Mongolia until their Government learns how to abide by their contracts. Sorry, but the Mongolian Government can not be trusted as a business partner until they straighten their mess out.
    Mar 22, 2013. 10:38 AM | 1 Like Like |Link to Comment
  • Financials: Be Patient, the Opportunity is Coming  [View article]
    Am I missing something here? I've found dozens of banks, mostly regionals, that are selling for way under book value. BBX, PFB, FBTX, CBHI, WM, IFC, and RF to name a few.
    Nov 22, 2007. 05:15 PM | Likes Like |Link to Comment
  • Blackmont Capital Favors Cameco, Aurora, Fronteer Among Canadian Miners  [View article]
    FYI Your article erroneously states AOG which is Aurora Oil & Gas and should be Aurora Energy Resources with the symbol AXU.TO.
    Sep 30, 2007. 04:16 PM | Likes Like |Link to Comment