Developing phosphate interests in the Georgina Basin, Queensland, Australia

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Message: Re: Takeover Candidate

Aug 13, 2010 12:29PM

Aug 13, 2010 01:33PM

Look, it is obvious that many investors in LGDI think that their money is dead for a few years, and they are selling out one after the other. In hind sight, I wish that I had sold out and then doubled up at todays prices.

The volume that is needed for a take over will force an upward trend, if and when it happens. We would also be talking about much larger volumes that 400 or 500 thousand shares.

If/when we see the volume spike along with upward pressure on the share price there may be a takeover play in action. At the moment it looks like a bunch of people have just given up on waiting.

Have a great weekend everybody!


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