Replies to post #3756 on Tronox Inc. (TROX)

[Tibby]

Again this is purely conjecture but if Barrick Gold (ABX) is involved and are included in the process of having been a knowing partner in the Fitzgerald fraud the value of these proceedings could escalate to ??????

Barrick have succession rights and responsibilities on the defrauded land claim ownwership re the Goldstrike properties.

The value of the Fitzgerald estate is difficult to quantity as it is likely tied up in all types of holdings.
The hold on the estate has been ongoing now for several months and would need to be resolved ASAP for all those involved and especially for the Fitzgerald estate.
I have a strong opinion that Mr. Fitzgerald was likely involved in other similar fraudulent affairs where he the estate would have benefitted monetarilly adding present value to the claim against the estate.

[Madclown]

Pinky, I have also seen no documentation that substantiates the value of the Fitzgerald estate to be in excess of $1 Billion. I have sent messages to some folks who have publicly made such claims and have included my email address for them to send proof and I have not received a reply, only more conjecture. If someone wants to deliver something to me that substantiates the value, I will get it into the appropriate hands and will also remove the shroud of secrecy that surrounds the potential recoveries from the litigation. I will then move that we establish litigation tracking warrants (LTW's) to flow through to the current holders of Tronox common stock since we are the party in interest that has heretofore borne and will bear on a going forward basis the cost of administering the Fitzgerald case and these chapter 11 cases.

If there is truly something worth fighting for in that case then we could establish a litigation reserve to continue the efforts that would be funded by current equity holders from the proceeds of a rights offering. In the alternative, we might also get the debtors to give us LTWs sometime down the road as some kind of salve or balm that we can use in the event that they "tear us a new one" when they release the POR on or before July 12, 2010.

If someone is resourceful enough to track down the value of the Fitzgerald estate then they should be able to track down my email address and provide some proof.