Argex Titanium Inc. ARGEF

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Reports of the Trustee

[turr]

If we have 36 bidders on July 15, from all over the world and probably more by now. then we are going to get a good idea of what this company is worth. Whether this company and it's assets are worth what we think they are that's another story? A company is only worth what someone wants to pay for it at any point in time. Right now sh would be glad to get a lot less then what we think it's worth as opposed to nothing (which is what Mazen wants us to get, perhaps.)  Having a competitive bid by so many companies would surely give us our best-case scenario. It we have anything worthwhile, these bidders will already know and, if the bidding is done fairly and the highest bid accepted then who knows what it will be? Fingers crossed.
One thing for sure, MA is in a win/win situation. If it goes really low he could buy out the rest of the company with his bid and what he already owns and take it private. He's a winner. If it goes for a high price (higher the better) then he owns enough shares to really clean up. Let's hope he really cleans up with a good high bid from someone and we manage to salvage something worthwhile.  All conjecture, of course, since I don't really know what I'm talking about. But to me, it looks brighter than it did a short while go. Would be interesting to know the bidders. It would be interesting, also, if it was an open bid with the highest bidder being the winner and everyone given enough time to figure how high they want to go. Like an auction?