In reviewing the 2010 annual report that the company posted on it's website last week, I noticed the three separate organizational structures for:
- Legend International Holdings LTD
- Northern Capital Resources
- North Australian Diamonds
It actually made me wonder what the companies intentions and plans are related to Northern Capital and North Australian Diamonds.
If Northern Capital is taken public in it's own right, there could be a nice additional return for LGDI investors, either with fractional share ownership in the new company, or substantial cash moving into the LGDI tills.
Likewise if Legend incorporated NAD into the diamond spinoff company that they promised to launch at some point, it could have some real momentum behind it.
Did anyone else share questions about these interests?
