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.

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Re: My Observation

about 13 years ago

in response to AlfredLikht's message

Once again I agree, but that means nothing if they run out of capital before they can secure financing. When that happens common shareholders will be wiped out, while the big money swoops in to pick up the pieces at a discount.

Like I stated the other day.... where are the large shareholders? Are they buying at $0.48? No. They will buy the whole thing at $0.05, take the company private and we are left with a loss.