Replies to post #1117 on Tronox Inc. (TROX)

[newtechinvestor]

I second that sentiment.

Auction and the sale is adjourned to December 21st and 22nd. My guess is the financial firms (GE Capital or Goldman Sachs) working on Exit Financing requested more time. Besides, there's no way Huntsman or any other company will be allowed to steal Tronox. Tronox can cancel auction at anytime at its discretion. Tronox is on the hook for $15.45mil break up fee to Huntsman, but that is small change compare to loss incurred in the event of a low ball bid becomes the winning bid.

http://www.kccllc.net/documents/0910156/0910156091204000000000003.pdf

IMO, the turnaround in price late into the trading session was the direct reaction to the court filing of auction adjournment.
With this latest move, we might finally see a push upward and move above a buck.