TRQ - Turquoise Hill: Mr. Market Should Not Run Down The Long Investor

Turquoise Hill Resources (TRQ) has recently reported the results for Q1 2019. The company saw a massive improvement in Y/Y copper and gold production and remains on track to achieve full-year production guidance. The declining copper prices limit the potential for growth in TRQ’s revenues, and the delays in completion of Shaft-2 slows the outlook for production growth. Moreover, grievances raised by a major shareholder against TRQ’s parent company Rio Tinto (RIO) could further deteriorate the situation. All these factors continue to weigh down heavily on the share price and the

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