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.
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News: RIO Turquoise Hill says Odey's letter contains false assumptions
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Last
$129.52 |
Change
-1.360(1.04%) |
Mkt cap ! $48.07B |
Open | High | Low | Value | Volume |
$129.75 | $129.97 | $126.90 | $271.6M | 2.165M |
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No. | Vol. | Price($) |
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1 | 1455 | $129.36 |
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View Market Depth
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1 | 200 | 128.300 |
2 | 315 | 128.000 |
1 | 1000 | 127.380 |
1 | 100 | 127.250 |
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Price($) | Vol. | No. |
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129.710 | 105 | 1 |
130.000 | 1216 | 5 |
130.110 | 155 | 1 |
130.130 | 200 | 1 |
130.840 | 37 | 1 |
Last trade - 16.10pm 19/04/2024 (20 minute delay) ? |
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Last
$129.52 |
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Change
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Open | High | Low | Volume | ||
$129.85 | $129.97 | $126.94 | 95102 | ||
Last updated 16.10pm 19/04/2024 ? |
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