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I know how the divi will work out...I am not worried as the upside of closing the deal and uplisting will outweigh the 12.50 drop IMO
Yes
Don't forget that at a purchase price of 157, Trox pays a 7%+ return for the merger prior to uplisting to the NYSE. Once listed, all tracking stocks will have to by tronox shares.
Partially true...
As the trust(s) spend monies on either environmental remediation and/or resolving tort claims, TROX can claim those costs as an expense for tax purposes.
For those who may have heard differently...especially on that wooddruff whatever website.
The pending lawsuit against Anadarko will net Tronox NOTHING regardless of the amount settled/won.
Anything obtained in excess of what the US needs to clean up the legacy sites will still flow to the EPA for superfund site remediation.
Tronox is leading the suit against APC for the benefit of the US as part of the bankruptcy settlement.
If you disagree email investor relations at michael.Smith@tronox.com
GGCRF resumes trading today
http://finance.yahoo.com/news/silvermex-resume-trading-otc-220000150.html
Tronox Stockholders Approve Acquisition of Exxaro Mineral Sands
A total of 82.36 percent of the outstanding shares of Tronox common stock as of the record date were voted at the special meeting, of which 99.96 percent voted in favor of the transaction.
Pending regulatory approval, TROX will uplist to NYSE the day prior to final closing. We'll know 5 days before then.
http://finance.yahoo.com/news/tronox-stockholders-approve-acquisition-exxaro-153000644.html
I think even given the poor trading environment, uplisting to NYSE gets us to 200, then the door is wide open to a fat one time dividend and split. Based on KRO type numbers we are looking at a pps with current share structure of $250-ish
Today is the special meeting of shareholders for the merger. It will likely go thru...then we uplist shortly on NYSE.
Completely disagree with your thesis on regarding the price drop.
Trox is only 10% below its high of about 190. KRO just announced great earnings and they are down 43% from their high. This is just trading in a very bad market.
Also, IMO the williamkwoodruff open letter is a complete non-factor considering its only been read 180 times and five times by me.
This deal may not be the best ever but still by all metrics the merged tronox will be better than trox alone.
This is not selling pressure by people in the know. Its selling pressure in a market down 600 points in the last few days and Europe heading off a cliff.
A drop in trox does decrease the merger cost too...correct?
On the grey market there may not be a market maker. Therefore sales can go unreported and are often matched manually. I another stock I followed, was on the grey market and sales were purposefully not being reported in the daily volume. I suspect sales could be occuring manually. But who has shares to sell?
per the Statement
Each outstanding warrant to purchase shares of Tronox common stock will be adjusted at closing to provide that the obligations of Tronox Inc will be assumed by Tronox Limited without any action on the part of the holder of such warrant. Each outstanding warrant will become a warrant to acquire, under the same terms and conditions, upon payment of the exercise price, at the option of thr warrantholder
It appears that you do not have to do anything. You retain each warrant the the strike price to buy new Tronox remains the same with one minor change. When exercise the warrant to get the Trox shares you also get 12.50 in cash per exercised warrant.
This is FANTASTIC news. We are about probably about 1 month from being uplisted on the NYSE.
I STRONGLY suggest you read this document
http://tronox.com/SiteObjects/files/TronoxRegStatement.pdf
The first page explains the TWO mergers. As a result, Tronox Inc becomes a subsidiary of Tronox Limited.
Each share of Tronox Inc (current shares) will be converted (based on shareholder election) into either 1) share-for-share conversion to Class A Tronox Limited Share and 12.50 cash without interest or 2) or one exchangeable share in Tronox Incorporated and 12.50 in cash without interest.
Option 1 is the default choice. The only differnece is when the transaction is taxable. If you wish to avoid a taxable event in 2012 then you can elect for Exchangeable shares and make the event taxable at a later date.
The rest is interesting business model info. I think we go higher from here based on similar KRO valuations.
Wow....I don't recall reading the POR anyone getting as high as 49 cents on the dollar. Perhaps they also got back owed coupon interest. INTERESTING that they expect to get more distributions in the future.
getting closer by the day on uplisting and completing the merger....
upon uplisting price will probably hit 200 on the first day
Still don't have shares in my TD Ameritrade account. Anyone else with TDA already have shares?
not really a big drop in Trox (haven't looked at warrants) given the 5 day losing streak. Just waiting for uplisting this summer. If you are holding for the summer I suggest you not even look at price...does it really matter?
my mountainwest shares on TD Ameritrade still have not gone thru...anyone else having this issue?
Found this dated 2 APR---looks like no trading on GGCRF until about 2 JUNE
VANCOUVER, BRITISH COLUMBIA--(Marketwire -04/02/12)- Silvermex Resources Inc. ("Silvermex") (TSX: SLX.TO - News) reports that it has filed a registration statement on Form 40-F for the purpose of registering its common shares under Section 12 of the United States Securities Exchange Act of 1934, as amended (the "Exchange Act").
As reported on March 13, 2012, the Securities and Exchange Commission ("SEC") issued an order revoking the registration of Silvermex's common shares (then quoted on OTC Link - previously the "Pink Sheets" - in the United States under the symbol "GGCRF") under section 12(j) of the Exchange Act. Silvermex consented to this administrative procedure as an amenable solution to address the filing delinquencies of its predecessor company, Genco Resources Ltd. ("Genco"), under the Exchange Act. As a result, broker-dealers in the United States are currently unable to effect transactions in the United States markets under the trading symbol GGCRF.
The registration statement is anticipated to become effective 60 days after the filing date. Upon the registration statement becoming effective, broker-dealers in the United States will be able to effect transactions in common shares of Silvermex in the United States. In the meantime, Silvermex's common shares continue to trade publicly on the TSX under the symbol SLX.
the 13 march pr is here http://finance.yahoo.com/news/silvermex-reports-otc-trading-status-223200367.html
Anyone know when us ggcrf will trade again?
I filed the required paperwork a while back but never got my old q shares converted to WMIH shares. Is there any recourse?
I was thinking dollar easy. 66% must approve
one drill hole had 18,225.040 Ag equiv oz
The Investment Industry Regulatory Organization of Canada halted the stock prior to the drilling results...deemed a material news. Trading had resumed on all issues.
http://finance.yahoo.com/news/silvermex-intersects-high-grade-gold-175100679.html
running at full capacity now at La Guitarra. Should see about 12M in net profit in 2012 just from La Guitarra.
http://finance.yahoo.com/news/silvermex-reports-positive-financial-performance-015900088.html
robust is an understatement. These are some fantastic reports. I follow many other companies and they move significantly on much less robust news. This stock trades so weird.
big finds keep on rolling in
http://finance.yahoo.com/news/surface-drilling-continues-intersect-high-153300963.html
I've contacted the reorg department to determine why the Q remains.
It's not correct....there should be no q
Do you agree though that the q should be removed since leh is emerged from bk? It's my understanding that q's are only for companies in bk....not where they are listed. I've owned other stocks that emerged and dropped the q
go to history and statements...its all there
inflation certainly helps
saying you have something is one thing. Showing you have it is another.
Are their scanned copies of the certificate of dominion that someone can post online for all to see?
I have. No change yet in tda. I know they won't trade on an exchange but I believe ownership still can on grey market. Just my opinion
Even delisted shares can trade in the grey market I beleive
Ok, i've been away too long. I need someone to explain the settlement to me.
I read the forms.
Not concerned with common stock.
However, Section D covers J, P, and Q shares from the date of the Initial offering early to mid 2008 until the date you submit your claim form.
Page 16 of this link http://www.ktmc.com/files/pdf_settled/notice_427.pdf indicates that the covered preferred shares had to be purchased before 16 SEP 08. Does everyone agree this is the case?
Basically, I purchased my preferred and cts post BK so there shouldn't be any need to complete the settlement forms.
Is this correct? For some reason, my mother received a paper package for her to complete even though all of her purchases of P shares were post-bk filing.
Thanks in advance
Parlay, the previous link to the class action was for owners prior to 2007 correct. Can u repost it for me. Ty
Ditto. I'll ride off into the sunset for 18c/$
Still here lurking silently. I still hold every single share purchased post bk. I'm ready to retire for sure.
As an side. My mother said she was filing out some paperwork for the P's. I emailed her asking what she was filing out. Haven't gotten word back yet. Anyone have a clue what she may be talking about?
Troy