When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
TRQ - Turquoise Hill: Strong Headwinds Ahead Of 2020
Turquoise Hill Resources Ltd.
Thesis
Turquoise Hill Resources (TRQ) is currently going through a range of issues despite the fact that it's apparently trading dirt-cheap. The company has access to arguably the world's third largest copper deposit which provides it a very strong leverage to rising copper prices. This adds tremendous growth opportunity to the share price provided that TRQ can conveniently develop the Oyu Tolgoi (or OT) mine. The problem, however, is that mine development has lagged due to strong headwinds (from both internal and external sources) and this creates a bleak outlook for TRQ during