Wengfuyoung,

The reality is that what we say in this message board has ZERO impact on buying and selling of this 1/5 billion dollar company. Anything you and I say will not move this $180,000,000 company.

Once you believe the above statement to be true, posting becomes a means of discussion in an attempt to achieve a better understanding of the potential risks and benefits of investing in LGDI. So of course all views, negative or posive are welcome....just as long as they are meaningful. John Paulson is known to have presented his short housing CDS to bankers and asked them to shoot down his idea. So again, instead of posting in ALL CAPS something we all know with no analysis and with no new insight, dig deeper and explain yourself. Or at least respond to this:

Cash held by company in 2011: $28,072,000 Now lets go back a few years...

Cash held by company in 2007: $17,002,000 Lets go back 1 more year...

Cash held by company in 2006: $836,000

Would you have said the same thing in 2006 or 2007? The company will run out of money in a few months and they're done? In fact, what actually happened is that they raised $119 million in 2008 while the stock price shot up exponentially (of course thats before the great recession took hold).

Legend's loan to capital ratio at end of 2010 was under 5%. For other companies in the fertilizer mining industry, the debt to capital ratio is 50%. Thats the benefit of investing in a non-leveraged company.

So yes they will run out of currently held cash and will need to start borrowing or raise more. If they have valuable assets under ground (the value of which is doubling every 18 months) and a financially feasable means to get it to the surface, the money will come.