Just spoke to my broker at ML. Yesterday was the x date and rights should be distributed by 12/6 or shortly thereafter. You will receive one right for every share you owned at close yesterday. The rights can be traded under trq.rt for @ $1 right now or you can exercise them and buy additional shares of trq at $2.4. You need to do one or the other by 1/7/14 or lose your right to RIO.
I see there have been already volumes under trq.rt, but on my platform i have no option to buy them. I wasn´t informed yet about the possibility to buy that rights, I have TRQ shares but on tradegate (WKN A1J2DT). How and when can i buy them at 1$?
How long do you think after this dilution does it take for the pps to recover. Do you think Mongolian demands continue to hold this back ? Where are they going to get the 5 billion in financing to do the underground mine if they have to dilute now to pay off RIO. I think they need to pay another 2 billion to RIO next year.