Argex Titanium Inc. ARGEF

RE:RE:RE:Reverse splits, the good and the bad....

[Napoleon001]

It's possible that the reverse consolidation timing for within 12 months of approval is based on their agreement with ECEC and that company's ability to secure financing for the projects that have been idle pending financing. If that is the case then we could expect that the consolidation will be strategically timed with the financial numbers that have been noticeably absent from the Vietnamese JV and the ECEC agreement to date which would not only support a consolidation but bring in new investors. ECEC is a joint stock venture with the Chinese government so in effect the RGX technology will be licensed eventually into all of China's legacy sulfate plants, all new plants, and eventually into their existing chloride plants. If as expected the cost to produce a ton of TiO2 is less than $1000 net of by-products then the other majors will have to get on board soon. "The partnership with ECEC also brings ECEC's long standing, project financing relationships with both domestic and international financial institutions. ECEC sees in Argex the right partner, both, to transform the domestic TiO2 production capacity in China into environmentally friendly and lower cost production and also a technology partner to allow it to expand rapidly into various international markets." Read more at https://stockhouse.com/news/press-releases/2019/06/04/argex-titanium-signs-a-strategic-agreement-for-a-multiplant-development-deal#czTG01UkgTAoWf9Q.99