The share price of Turquoise Hill was down significantly last week due to the press release of the company that underground development will be delayed because Government of Mongolia has notified to the company that project finance for OT will now require approval by the Mongolian Parliament.
As development of the underground will account for about 80 percent of the value of the project, delay of the project finance will impact significantly to the NAV of the company. Therefore, analysts have lowered price target of the company.
In this report, we will explain followings
1. The press release of OT and the comment by Prime Minister
2. Negative reports on TRQ and decline of the share price
3. Near term and long term impact of the delay to Mongolia
4. Lessons learnt
Buy full report in PDF format:
Blue Sky Tower Suite 705
Sukhbaatar District, 1st khoroo
As always, we welcome your any inquiries for more information, any feedback, suggestions or comments that you would like share with us, please drop us a line at: