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Hello Risk,
how many times have you PMed all the guys (and girls) now?
Would you be so nice and pm me too?
Thanks a lot
Bembel
Roko, I am in SNEY since Oct 2010 and following this board sinc several month. I dont want to bash: I´m a fellow believer in SNEY.
With this stock I want to make some profit.
I reread the press release from Marketwire - 12/07/10:
These sands are consistent and verified in the river channel and along the banks and benches. Company geologists estimate 50kg./tonne rich black sands easily recoverable by dredging and land-based mining suggesting the likelihood of highly profitable and immediate alluvial mining operations. Inspection of artisanal mining and prospecting sites within the license area show black sands containing the rare earths (REEs) throughout the claims. Titanium values previously announced are included in the above valuation.(Titanium exists in the heavy sands at an average of 9.628% or 192.6 lbs Titanium per ton of recovered concentrates. 12/01/10)
The free content of "Rare Earth Elements" in the free nature is in the ppm range. Concentrates (black sands) contents in a strong high range up to 0,5% REEs and this is an abnormal content. There are some areas in the world with higher contents but they are just as rare as the elements itself.
Processing 500 tons gravels per day with 10 dredges in the future could imply a half ton black sands per day. But we don´t know how much is in the ground of the river. I would like to mention it is more than 1%. We will know sooner...
Are you sure that they will dig 150 tons of black sands out per hour? I think your math isn´t right. "Each dredge is capable to process and handle 50-60 tons/hour of productive mineral laden gravels." Where do they wright about the content of black sands in the gravels? Can you confirm my thoughts?
Perhaps anyone would correct me...
roko! I asked politely and you came down extremly unfunny. Josef died 30+ years ago...
Coachum, could you tell what the name of that German company is? I found nothing about this.
Btw I´ve loaded in Oct last year and I´m holding strong.
Thanks for your reply.
I have to congrat you to your extra gain.
I agree with you. I am working for a company that uses such high graded TiO2. The market for those qualities is strange. The demand allows Tronox to increase the price for TiO2. No much longer and the prises get levels of the late 90s. Take it or leave it... Titandioxid producers are in a good position this time.
I´m holding long too
For what price did you get the warrants?
My account let me know by a special letter I am now able to buy one new share per warrant for additional money. That means I have to pay 62.13 $ per warrant(the old class A) and/or 68.56 $ per w (old class B).
Here is my math now that maybe has to be corrected:
For 1000 old class A shares I´ve got 13,148 warrants exercisable for 62.13$ and 16,245 warrants exercisable for 68.56$.
The value of troxw today is 78 $ and the price for troxg is now (today) at 68 $!
So if I would exercise these 13 and 16 warrants I would have to pay
13*62.13 = 807.69 plus 16.245*68.56 = 1096.96 summa summarum 1,904,65 $.
By selling these anticipated new 29 shares I would earn with values today (136 $) 3,944-1,904 = 2044 USD. That is a revenue growth of 5,15% for 1000 old shares.
If I would sell only the warrants I would get 13*78 + 16*68 = 2102 USD. Less 1940 $ for 1000 old shares I would have a revenue of 162 USD, means a growth of 8,35%.
All calculated by values as mentioned above.
I would appreciate any affirmation.
Thanks in advance
PS: What is your preferred share price after release the net figures of the current business?
Does anybody know when tronox shares and warrants will be officially traded? I havent heard anything..
Today my share account in Germany at least shows the number of new warrants (finally splitted in two batches A+B) but without any value. I am not able to trade. If we can believe the figures at yahoo or google finance it would be very satisfying.
Any clue?
On Yahoo finance you can see the start up of TRONOX CMN CL B (TROXB.PK) There are no information of anything, only the value of 0.11 traded on any 17th November. For the TROXA.PK they got 0.13 $.
Dont worry, still wait till tuesday... I think they are preparing a filing. All institutions are waiting for elaboration...like we do
Peter Fr
no, it´s not yet. my account doesnt show the warrants too. I´m expecting publication on monday. I´m very anxious to the value.
Btw, thanks to all for explanations to my questions and the analysises. Great work was done.
Sorry for posting late, my computer was crashed.
Bembel
The searching of chart information is not successfully neither for trxaq nor trxbq. You can only find troxv on OTC markets. News could come out shortly.
Thanks for your reply.
I prefer this too. But where can I get the source for the exchange rate of 1000 to 30 warrants?
I´ve never found it in the filings.
Have to go to sleep now, I´m from Germany....
Help would be fine
Please tell me I am right folks, or tell me what is wrong in my calculation!
These are only my (maybe wrong) thoughts
Please take some time to correct the following:
A) So if 41,34 million class A-shares are now tradeable and after reorganization they were
transferred to 544,041 A-Warrants the quote is around 76 : 1.
B) If these 544,041 warrants are worth the 3.5% of 1.4 billion (= 49.0 million) one warrant of
class A should have a value of 90.07$
At the same time 40,92 million B-shares will be transferred to 672,175 B-Warrants (Quote
60.88 : 1).
4.1% of 1,5 billion = 61,5 million => 61,5m / 672,175 = 91.49$ value of a B-Warrant
C) Only if there would be a dilution of approx. 30% of ppw the value is 62.13$ as described in
that certain 8K from the 23th Nov. Is there any dept included???
D) Furthermore if you hold 1000 shares you should remain 13 new warrants( 1000 / 76)
13 x 60.13 = 781.7 $ (or 13 x 90.07 = 1,171 $). That means 0.78 ( or 1.17) $ pps
Actually reflected to the pps of 1.75 $ the value is overvalued????
E) On the other hand if you´ll get 30 warrants for each thousand shares the actually pps is a
few undervalued (60.13 x 30 /1000 = 1.80$)
F) TROXV started virtually trading with 80.5 $. Within 15.00M fictive shares the market cap was
1.207 billion . Now that value of 113 $ suggest a market cap of 1.7 billion. Therefore the new
warrant could be tradable at 84 $. Regarding topic E) pps now could rise to 2.5 $!?
Who can clarify this topics?
I would very appreciate your comments
Thank you very much
Fuller11 could you please post the source for this? I was looking for but I´ve never found it in the filings. I would appreciate your respond.
br Bembel
Im finally in now with 200K. I would be pleased to be added to this list of future millionairs.
I am long with PCFG and still waiting for the big run maybe tomorrow or maybe in march. Longs must only be patient as they have been to this day. PCFG will give all longs a great pleasure IMO
GLTA
Actually I wanted to going to sleep a certain time ago and wake up in two years as a rich guy. But I follow all posts on this board. It is like a dependance.
Someone did a post like PCFG has reached for the level 9 (of 10) of evolving an exploration company to a junior gold miner. Can anyone remember that fact and could post it again? I think it was posted in the middle of Decemer.
Thanks a lot
There may be a rumor about a buy out offer for Anadarko (inclusive costs for liabilities of tronox spin off) from BHP, an australian energy producer. But it´s not the first time BHP has been named as a potential suitor of Anadarko .
At the same time Anadarko´s lawyers are discussing again or still going on about the liability suit
with tronox
Bloomberg article:
Anadarko Petroleum Corp., along with its Kerr-McGee Corp. unit, may face liability for cleaning up 2,800 contaminated sites as part of a lawsuit brought by its spinoff Tronox Inc. and the government, a lawyer said.
Anadarko, one of the world's largest independent oil and natural-gas producers, was sued by its former subsidiary, Tronox, which is now in bankruptcy, and by the U.S. Environmental Protection Agency for cleanup costs at 70 sites included in Tronox's spinoff in 2006.
Dennis Wanlass, Tronox's chief executive officer, couldn't get answers to what the "environmental footprint" of the company was when he joined in 2008, according to Jeffrey Zeiger, an attorney for the Oklahoma City-based company.
"Our experts have been working very, very hard to answer that question," Zeiger told U.S. Bankruptcy Judge Allan Gropper yesterday. "Now we've settled that there are around 2,800 sites that Tronox became exclusively liable for through the IPO."
Duke McCall, a lawyer for Anadarko, said the government hasn't produced documents to prove its case.
"We're missing docs from 1,900 sites at which they allege there are liabilities," McCall told the judge. "We're being asked to defend against a claim for which we do not have the underlying factual information," including the sites' locations, potential cleanup costs, alleged contamination and Anadarko's claimed connection to the sites, McCall said.
Confirmation Plan
Tronox has won court confirmation of a plan to reorganize and is waiting for public comments on an environmental settlement before it exits bankruptcy protection. Under the settlement, Tronox set aside $320 million to cover what it estimated were government environmental claims of $1.4 billion to $5 billion.
The government, including the EPA, asserted claims of as much as $10.5 billion, according to court papers filed as part of Tronox's Chapter 11.
Tronox sued Woodlands, Texas-based Anadarko and Kerr-McGee as part of its bankruptcy, alleging the liabilities fell to Kerr -McGee because the company transferred environmental liabilities to Tronox after moving its most valuable assets to a new company that Anadarko acquired in 2006 for $18 billion.
The U.S. and Tronox agreed to coordinate litigation, and part of Tronox's settlement calls for the U.S. to get 88 percent of anything it wins in its lawsuit against Anadarko and Kerr- McGee. Tort claimants would get the remaining 12 percent.
Zeiger also told Gropper yesterday that expert witnesses may focus on estimating clean-up costs at 25 percent of the sites.
Anadarko asked Gropper to force the U.S. to produce documents, or impose sanctions on the government and Tronox by blocking them from alleging liabilities at sites which they hadn't yet documented.
Gropper declined to rule and told the parties to resolve their disputes.
"It would seem to me at some point that the proponent of the lawsuit has to produce something with respect to the proposed sites," Gropper said.
The bankruptcy case is Tronox Inc., 09-10156, U.S. Bankruptcy Court, Southern District of New York (Manhattan).
Bloomberg
That is what I´ll do now. I´ve been in since 4 month and I´m long. PCFG has all assumptions to bring all of us to better times. Most posts are affected by emotions so I take care for my heart. I go sleep now for 2 years will weaking up as an rich man.
Bye and good luck to all.
He´s done alot of jobs
Mitchell Geisler has been the Chairman, Chief Executive Officer and President at Diagnostic Imaging International Corp. since January 2010. Mr. Geisler has been the President of Canadian Teleradiology Services Inc., a subsidiary of Diagnostic Imaging International Corp. since January 2010. He has been the Treasurer and Secretary of Pacific Gold Corp., (parent of Oregon Gold, Inc) since October 2002. He has been the Chief Operating Officer of Pacific Gold Corp., since ... April 2005. He has been Consultant to DIIC and CTS since 2009. Mr. Geisler served as the President and Chairman of Pacific Gold Corp. from January 2001 to April 2005 and Chief Financial Officer, Chief Executive Officer and Principal Accounting Officer until April 2005. He served as the Chairman of Oregon Gold Inc. until August 2009 and served as its Chief Executive Officer, Chief Financial Officer, Treasurer and Secretary since 2003 and as its President from 2003 to 2009. He served as President and Chairman of GL Energy & Exploration Inc. since 2000 and also served as the Chief Executive Officer, Chief Accounting Officer and Treasurer. Mr. Geisler has more than 15 years of experience in the hospitality industry, and leads and manages the planning, start-up and operation of the business. He has been an active member of the Toronto business and tourist district in a variety of capacities, and has worked with many international corporations including, Prime Restaurants, The Keg Restaurants, Cara Foods, and Sire Corp. Restaurants. From 1998 to 2001, Mr. Geisler served as the President and operator of the Toronto-based 52 Restaurants Inc. He served as supervisor for Imago Restaurants from 1997 to 1998. From 1996 to 1997, he served as manager of Ruby Beets Restaurant. Mr. Geisler has been a Director of Diagnostic Imaging International Corp. since January 2010. Mr. Geisler has been a Director of Pacific Gold Corp. since January 2001. He served as a Director of Oregon Gold, Inc. from 2003 to August 2009. He served as a Director of Gl Energy & Exploration Inc. Mr. Geisler is a graduate of Toronto's York University in Toronto, and also studied at the University of Tel Aviv.
Calendar of Honorable Allan L. Gropper
Monday, November 15, 2010
2:30 PM
09-10156-alg Tronox Incorporated Ch. 11
Adversary proceeding: 09-01537-alg Mount Canaan Full Gospel Church, Inc. v. Kerr-McGee Refining Corporation et al
Defendant Tronox's Motion to Dismiss Count VI of Defendant Colonial Pipeline Company's Cross-Claim
Adversary proceeding: 09-01537-alg Mount Canaan Full Gospel Church, Inc. v. Kerr-McGee Refining Corporation et al
Response and Joinder of Kerr-McGee Corporation in the Defendant Tronox's Motion to Dismiss Colonial Pipeline Company's Cross-Claim and Motion of Kerr-McGee Corporation to Dismiss all Claims Filed Against it.
09-10156-alg Tronox Incorporated Ch. 11
Hearing Regarding: Notice of Presentment of Stipulation and Agreed Order Regarding Proof of Claim Filed by Colonial Pipeline
Debtors Eleventh Omnibus Objection to Certain Third-Party Environmental Proofs of Claim.
Tronox's Objection to Proofs of Claim Filed by Anadarko Petroleum Corporation and its Affiliates or, in the Alternative, Motion to Estimate Anadarko's Claims
Wednesday, November 17, 2010
11:00 AM
09-10156-alg Tronox Incorporated Ch. 11
Motion Filed by Debtors for an Order Authorizing Tronox to (A) Transfer Certain Insurance Policies to Travelers Casualty and Surety Company Free and Clear of Liens, Claims And Encumbrances and (B) Settle Related Claims Thereto
Motion Filed by Debtors for an Order Approving Immaterial Modifications to Tronox's First Amended Joint Plan of Reorganization
Objection Filed by Regency Field Services LLC to the First Amended Joint Plan of Reorganization of Tronox Inc. et al
Objection Filed by Commerce & Industry Insurance Co. and American International Specialty Lines Insurance Company n/k/a Chartis Specialty Insurance Company (collectively, "Charts") to Debtors First Amended Joint Plan of Reorganization of Tronox Incorporated, et al (The "Plan")
Objection Filed by Titanium Metals Corporation to Tronox's First Amended Joint Plan of Reorganization
Objection Filed by National Coating Corporation to Confirmation of First Amended Joint Plan of Reorganization of Tronox Incorporation et al.
Objection Filed by Travelers Casualty and Surety Co. and Travelers Indemnity Company to Confirmation of First Amended Joint Plan of Reorganization of Tronox Inc., et al
Massachusetts Institute of Technology's Joinder in Objection of National Coating Corporation to Confirmation of First Amended Joint Plan of Reorganization of Tronox Incorporated et al.
Reservation of Rights and Limited Objection of the Landwell Company, L.P. and Basic Management, Inc. to Confirmation of the Proposed First Amended Joint Plan of Reorganization
Objection Filed by Anadarko Petroleum Corporation and Kerr-McGee Corporation to the Proposed First Amended Joint Plan of Reorganization of Tronox Incorporated, et al
Riess, et al., Joinder in Objection of National Coating Corporation to Confirmation of First Amended Joint Plan of Reorganization of Tronox Inc., et al.
Hi, sorry for my english. I am from Germany...
I´ve got some shares since 2008, now I am calculating:
3,5 % of 1,4 b = 49 m
Shares Outstanding: 18.605.077
value p. share = 2,65$ ????
I think, i´m incorrect.
I tried to translate the conditions of terms filed by court and the reorganization plan, but I don´t really understand.
Could anyone be so kind and tell me what is going up now?
I tried to understand but shit is..
best regards
Bembel