Legend International Holdings, Inc

The company currently holds an initial Australian JORC code compliant Inferred Mineral Resource Estimate for a partial area of Paradise South which has been completed and reports a total of 72 million tonnes @ 17% P2O5 at a minimum cut off grade of 12% P2O5.

over 13 years ago

in response to petrescu's message

I have no issue what so ever with LGDI getting the very best price they can for their phosphate assets. That's to all of our best interests and it's pretty obvious just like any other shrinking commodity asset, the less of it around the higher the value becomes. What I can't figure out is why hasn't LGDI shares risen on just the speculation of being bought out?

My biggest gripe has been the total lack of news or guidance out of these guys, as to what's going on with LGDI and with events that haven't come to pass and never mentioned again. I've touched on those already.

I'm going to continue to hold my shares and pray we're closer to having some sort of conclusion to selling the phosphate assets. If the share price spikes higher on that news hopefully I sell for a nice profit.

P.S: It should be obvious to all of us that they screwed around with Wengfu way too long and that held up the whole process. That was badly managed IMO.