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Turquoise Hill (TRQ) has just provided its third-quarter results and held a conference call with analysts. The company's shares are stuck in the $0.40-0.50 range so the report was a great chance for the company to come up with some positive catalysts. Unfortunately, most important questions remained unanswered. However, before proceeding to key issues, we'll look at the financial results.
The company reported revenues of $209 million and income of $45 million due to recognition of additional deferred tax assets. Operating cash flow came at $6 million, which is not surprising since the