Turquoise Hill Resources (TRQ.TO) Buy, Sell…

Turquoise Hill Resources (TRQ.TO)

43.01

+0.04 (0.09%)

as of Dec 16, 2022, 9:00:00 pm Market Open.

38 watching

TOP PICK

Likes this for its reserves in Mongolia and its proximity to the Chinese market. Expects a deal to come through with a big mining house before next year. Has one of the best deposits you can find. There is more of a need for base metals.

BUY

Has one of the most spectacular projects in the world. Most of the speculative takeover talk is out of it, so you are now paying for a slow and steady rise. It should only move forward. Cash flow numbers are strong. Should just work its way higher.

WAIT

A phenominal project. Much of the takeover speculation has dissipated. A viable project, but will take a few more months before they get to develop it. On sustained weakness, weakness it would be a company he would want to own.

WEAK BUY

Owns a little personally and his play is on Robert Freidland, the greatest promoter in the mining business. Fully priced, but probably going higher. Interesting coal exploration play. Have an enormous copper/gold periphery. Have other assets that tend to get ignored. Very volatile sector.

PAST TOP PICK

(Was a Top Pick Jan 13/05. Up 5%.) A great mining stock.

DON'T BUY

Plus's are they are building a railway and have a huge remote mineral resource. Minus's are, he has concerns about geo-political items. (company being nationalized).

DON'T BUY

Take over target, expensive.

TRADE

Can't develop their property on their own and will have to negotiate with a major player. Will probably see a deal at some stage, but that's not known yet.

BUY ON WEAKNESS

Probably an OK really long term hold, but they still have to sign a deal with someone who's going to develop the ore body they have. Should be able to get a few dollars by trading it.

DON'T BUY

Great project, but getting harder and harder to find a buyer for it. Feels that base metals will slow down.

DON'T BUY

Thinks commodities are generally going to have a flat year. Long term is good, but in the short term, they need a break. Looking for a pullback. Ivanhoe had a breakout in o3, followed by a tremendous spike near the end of 03. A spike takes a very long time to recover. Had a 1, 2, 3 correction with a rally back and you may have one more up.

BUY

Should hold up here and should go on some more if you get some kind of negotiations leading to an agreement with a China agency in order to go forward with some sort of mining. Hugely expensive project.

BUY

Not a low risk situation. China is right next door to their Mongolian holdings and they need the copper. Under proper conditions, they would probably be willing to provide capital for the project. The question is, on what terms. High risk/high reward. Expect a lot of volatility and be patient.

DON'T BUY

Doesn't have a producing asset, so not interested. Mr. Friedland has done an excellent job from an investor/relation perspective. Feels there's a lot of hype and risk in the company.

WEAK BUY

There is no question they have an enormous deposit and it's only getting bigger. A lot of ore/value. The downside is that the amount of potential buyers that were first thought that was going to approach Robert Friedland hasn't materialized.

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Turquoise Hill Resources (TRQ.TO)