Rio not playing nice again in the Oyo Tolgoi sandbox. It's just business but what a price tag. $6.8 billion. The future of SDC and Rio?
"The move has alarmed minority Turquoise Hill shareholders including Pentwater ( hedge fund ), which owns nearly 10% of the company and fears being diluted if Turquoise is not allowed to issue more debt or raise cash by selling the rights to future gold production from Oyu Tolgoi".
" RIO is attempting to force Turquoise Hill to conduct an equity raise despite the fact that the current equity price severely undervalues the company, and despite the fact that there are much cheaper and more advantageous financing options available," Pentwater CEO Matthew Halbower writes..."
https://
www.google.com/amp/s/seekingalpha.com/amp/news/3639897-hedge-fund-issues-legal-threat-against-rio-tinto-in-mongolia-mine-dispute