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TRQ - Turquoise Hill: Once Again More Questions Than Answers
Turquoise Hill Resources Ltd.
Back in April, Turquoise Hill (TRQ) announced that the completion of Shaft 2 at Oyu Tolgoi was delayed to the end of October 2019. The news, in combination with U.S. – China trade war fears, put pressure on the stock, which has recently tested new lows. The company’s first quarter report and the subsequent earnings call presented a chance to break the downside trend with better news. As it turned out, the report was good, but the conference call was (again) a disappointing performance.