Developing phosphate interests in the Georgina Basin, Queensland, Australia

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Message: Short interest in us is dwindling!

I think the reduction in short selling is going to help us. Afterall short interest

dropped from 72K to 9K N from Oct.-Nov. then 9K to 4K from Nov.-Dec. As you know

it is just a crummy market. And along with the crummy markets the market hates uncertainty so Legend has to show some positive news flow that the project is moving forward towards production. When the markets stablize and the commodities start moving up again, along with more news releases Legend

should trade at mulitiples of where it is at now even with CAPEX spending for

mine development. This mine will be a cash cow when all things are said and done.

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