Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Turquoise Hill Resources Ltd. (TRQ)

Toronto
Currency in CAD
Disclaimer
42.99
0.00(0.00%)
Closed

TRQ Comments

What is going on pre market?
I guess that implies massive dilution of shareholders. USD$1.4 Billion on a USD$1.77 Billion market cap, for which 50% of the shares from Rio Tinto are anti dilution, can easily become a dilution that goes from 4x to 8x....
could you please explain in plain english? Is it good or bad?
TL;DR: not good. Look at it as sharing the pie in more pieces (likely way more pieces in this case). Depending on how the $ for which dilution is done, given copper at 3 $, a fair price would go from 0.90 $ which i think it was fair before to ~0.50 $. If Copper goes 4 $ it can go more... but then you speculate on Copper price... your call!
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.