All the egos are just to big. I'm starting to think three party deals can't be completed anymore. I really hope RIO makes the offer on TRQ.
Mr Walsh said he would not be rushed to complete an investment agreement with the Mongolian Government over the second stage of the Oyu Tolgoi copper mine, despite certain finance agreements expiring at the end of March.
"We are not about rushing this to meet a deadline," he said.
Agree, I don't buy the (RT itself is doubting whether to invest) That's just leverage talk, I'm still hoping RT wants it all. If they make an offer TRQ should double.
I Goggled CNPC about every way one can about leaking a deal. One story I found was about 7-8 years old. It said we (CNPC) missed this deal because we talked about it and were then shutout. In the future we will not make that mistake again.
I'm new here also, I took it as credible, seemed like it was just repeating GoM statements. I took it as a power play between RIO & TRQ and GoM wants the deal done by end of month. But I'm usually wrong about this type stuff.
Did you find the blog piece? Wondering about some of the statements in it. (Because world economic condition is worsening since last year, RT itself is doubting whether to do or not investment when commodity prices are falling) and financing needs to be found by end of March..
Thanks for the reply. I found TRQ & jumped in two days ago with the rumor @ $ 4.15 Looks like I caught the falling knife. I could double up Friday if it stays at this price. Also always willing to hold a year. Good Luck & Fortunes.
I tried to post this with link below but FWIW in part,
In Toronto on March 4, Mining Minister Gankhuyag Davaajav warmly welcomed foreign mining investment, saying Mongolia's goal was to offer investors "firm sustainability of politics, economics and legal environment."
The Minister candidly admitted Mongolia had made mistakes affecting foreign
investment in the past but that it would "never repeat" them..
When asked about Oyu Tolgoi LLC, the Minister several times said that all matters regarding Oyu Tolgoi LLC would be resolved by its Board of Directors, which includes three Mongolian directors, without involvement by the cabinet or parliament.
Hope your right about the agree to disagree.
The last line worries.
The Mining giant Rio Tinto PLC (RIO) already owns 50.8% of Turquoise Hill Resources Ltd. (TRQ), and speculation that Rio Tinto will buy the other 49.2% has boosted Turquoise Hill's share price by nearly 13% in the week ending Thursday. Most of the gain came in the last two days, although shares were giving some of that gain back Friday probably because Rio Tinto has not announced an offer yet.
Rio Tinto's largest project, the Oyu Tolgoi copper and gold mine in Mongolia, has been delayed by negotiations between the government and the company that are getting approximately nowhere.
But at least its a good (newsworthy) rumor
The long-dragged dispute between Rio Tinto (ASX, LON, NYSE:RIO) and the Mongolian government over a $6.6 billion underground expansion of Oyu Tolgoi, the Anglo-Australian giant’s massive copper-gold mine in Mongolia, seems to be finally coming to an end.
The Sydney Morning Herald reports one of the company’s contractors has began advertising for workers on what appears to be the famous mine.
According to the paper, engineering and project management company AMEC, is publicly searching for professionals to work at “a major underground, copper and gold mining expansion in Mongolia,” fueling expectations that a deal will be sealed before the end of this month.