TROX Tronox Holdings plc - Ordinary Shares - Class A

$TROX Mizuho kept its Underperform rating on Tronox this week and cut the target to 4.50 from 5.50. The stock fell 5.4% Thursday to about 3.74, then bounced to 3.93 on Friday (Finnhub). The consensus average has not kept up with the cuts. MarketBeat still shows a 7.00 average target, but the three most recent target actions all sit below it: Goldman cut to 6.50 with a Sell, JPMorgan cut to 5.00 with an Underweight, Mizuho now at 4.50. At 3.93 the tape is already below Mizuho's cut target.

$TROX anyone take a look to see the market prices of each of the 7 rare earth metals they will be looking to exploit in this JV. ? By metric ton the values range from a low of about $150,000/mt to a high of $1.5mm / mt. It’s a big and an expensive endeavor they are exploring but the potential prize is absolutely enormous. It’s all about reaching scale. These next few quarters will be fascinating to watch If this starts to move up with no news of have to believe it’s based on knowledge of successes in the field testing that would be impossible to keep concealed. Too many employees and 3 rd party contractors engaged to keep a secret.

$TROX I wonder if Tronox having an industrial facility at Yanbu, Saudi Arabia, an area that is a target of the Houthis, has played a role in the stock’s price dropping?

$TROX picked some up here at December levels below 4. Have a stop loss at 3.70, as if it goes below that I’d expect it below 3. Hopefully this can get back to a trading range around here to 6.