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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Clutching at straws?

almost 13 years ago

I am only a novice investor so excuse my ignorance. The main issue at the moment is the lack of cash the company has. God only knows where the 100 million they had less than 3 years ago has gone, but that is a different discussion we can have later. Can they not borrow money to get the project at least off the ground. Surely the in-ground assets are too valuable to just let go. Obviously management are doing a very poor job, even I can see that but are they that bad that this project will go under... Surely not. Clutching at straws? Probably