Nov 26 (Reuters) - Turquoise Hill Resources Ltd TRQ.TO said on Thursday hedge fund Odey Asset Management's letter to its majority owner Rio Tinto RIO.L (RIO) contained a number of false assumptions and misinformation about the company and its funding plan.
"Odey has a clear financial motive to depress Turquoise Hill's share price," Turquoise Hill said.
Odey had said it did not believe the $4.4 billion project finance package related to the Oyu Tolgoi copper mine in Mongolia is accurately described as "project" finance.
Odey did not immediately respond to Reuters' request for comment.
News: RIO Turquoise Hill says Odey's letter contains false assumptions
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$115.44 |
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Mkt cap ! $42.85B | |||
| Open | High | Low | Value | Volume |
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