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TRQ - Turquoise Hill: Major Problems At Oyu Tolgoi
Turquoise Hill Resources Ltd.
Shares of Turquoise Hill Resources (TRQ) were already in a steady decline when the company released a shocking 2Q 2019 production report which immediately sent the stock well into the penny stock territory. The reason for the market's reaction is the update on the underground development of the Oyu Tolgoi mine. The situation looks bad:
The company stated the following: "Improved rock mass information and geotechnical data modelling has confirmed that there are stability risks associated with components of the existing mine design. Therefore, to address these risks, a number of mine design options