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      "text": "We believe the realization of these catalysts will yield a valuation of $183 – $194/share, representing 56% – 66% upside from current levels",
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      "text": "Optimize pro forma balance sheet; Relist on the NYSE; Significantly increase research analyst coverage; Improve liquidity via stock split; Complete the Exxaro deal",
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      "text": "SAMC has been a large shareholder of TROX since prior to Chapter 11 emergence. We believe that TROX is significantly undervalued and management should be more aggressive in accelerating the realization of several catalysts that will improve valuation. These catalysts include:",
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