Developing phosphate interests in the Georgina Basin, Queensland, Australia

Free
Message: Re: Can U believe the volume
1
Oct 14, 2008 12:49PM
2
Oct 14, 2008 01:03PM
2
Oct 14, 2008 09:57PM

You asked about a report that is coming.

The company announced that they have paid to have the feasibility study updated by the same reputable firm that conducted it many years back, and this new study should be available any day now.

There are several potential outcomes from this report which could be very positive events for the company, two of which could be:

1. Legend may be able to claim their reserves as assets on their balance sheet.

2. Legend may find faster alternatives to getting the phosphate to market, other than building a slurry pipeline.

Either of these events could be big enough news to get the stock moving upward again.



1
Oct 16, 2008 06:11PM
Share
New Message
Please login to post a reply