Developing phosphate interests in the Georgina Basin, Queensland, Australia

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Message: Mushrooms we be - still the lingering question

Mushrooms we be - still the lingering question

posted on Nov 20, 2008 11:00AM

To me, the LGDI way of giving the shareholders so little info is disturbing. A simple statement of intentions would be so encouraging.

Why no updates on the scoping?

-- bad news - I doubt it

-- What are scoping results? surely they have preliminary data?

-- let the company share value decay or conspire to drive the share pricedown and pick up the company on the cheap- very possible. This company is not in financial trouble - it is not distressed and surely IFFCO would not want to expand the strannglehold of such companies as POT - going private taken by guess who?

- that takes me back to my original question several nmonths ago - what are the rights of minor shareholders do they have to sell at these low prices.it the company goes private?

Where did you find info about the rail line short cut that kind of encouraging info would surely encourage us mushroom swiminmg around in this dark pit of doodoo. I hate to be cynical but my experience with GE has really made me a sceptic

I have been smelling buyout/going private for several months and the feeling only is getting stronger.

We crave info as to the LGDI board's intentions - come on guys throw us wee tidbit to chew on





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