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Monday, 05/17/2010 12:12:40 PM

Monday, May 17, 2010 12:12:40 PM

Post# of 7206
The case of Tronox vs Fitzgerald is my opinion coming to a juncture where activity will lead to a settlement with Fitzgerals's held assets and lead to a settlement with Barrick Gold as it relates to the fraudulent activity regarding the Goldstrike property in Nevada.
There are relatively little new depositions to be held in relation to the fraud case.
As far as Tronox itself is concerned it is satisfying to see that it is beginning to stand strongly on the merits of an ongoing entity as it relates to its ability to continue as a go forward business unit.

But it is my humble opinion that a few important things will happen at or about the same time......

Tronox coming out of chapter 11 proceedings and the resilution of the settlement with Fitzgerald's estate and Barrick Gold.

Funds have been frozen for some time (Fitzgerald's Estate) now and it should not,can not go for much longer without a clear indication of the courts taking a position.

If any of you are willing the case itself is available in its entirety from the Washoe County Court Nevada at $1.00 per page. I believe the case at this point is expansive but for those wishing to read through and get a sense of its validity it is available.

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