You bring up a good point, they did push back production by a quarter, but in reality what difference does it make? This is not a short term investment, and the management of the company isn't concerned about the short term stock price.
I believe that Legend is building a foundation for a multi billion dollar business. It may take 5 years to reach their goals, but there will be milestones along the way that will track with new levels of stock performance. Some of these milestones may include:
- Initial production / shipment
- Reaching the point of self sustaining profitability
- Listing on a major stock exchange
- Developing high margin fertilizer products
- Increased production to 5+ MT per year
- Development of their Diamond Assets (NAD)/ Possible company spin out
- Development of their Uranium Assets / Possible company spin out
- Development of their Gold Assets / Possible ompany spin out
- Possible Mergers or acquisitions with major mining / fertilizer companies
This possible 5 year scenario is my take on the information that I have read over the last few years. You can make your own stock price predictions for the core stock investment and possible company spin outs. The one thing for sure is that we will not be speaking about $5.00 or under. The big picture is huge, and the foundation that is being built is critical to the long term success,
