Argex Titanium Inc. ARGEF

Chemicals Basic Materials

"Argex Titanium Inc is a Canadian company producing high-grade titanium dioxide (TiO2) pigment. The company has developed a chloride-based technology, which is environmentally sustainable. The white pigment produced by Argex is to be used in high-quality paints, plastics, specialty, and other applications."

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Argex Titanium Inc.

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Comment by skyyvodkaon Jul 17, 2014 3:44pm

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RE:RE:RE:RE:RE:RE:So where did the other 5 million come from?

Remember the TiO2 price, the probably biggest factor determining RGX share price. It has went south for the past 1½ year but are now starting to stabilize in the $3,200-3,400 range. No wonder financiers might have gotten cold feet a couple of times. The price in end of 2012 were at 4,500 which would mean that RGX would have had double the profit vs the current TiO2 price.

If they would have raised the money in end of 2012 with 80-85% profit margin it would have been easy, the financiers might want to see some stability for securing a ROI. Hence, it takes some time...

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