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Developing phosphate interests in the Georgina Basin, Queensland, Australia

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Message: Re: Equity investment

May 31, 2011 09:31AM

May 31, 2011 10:40AM

I'm hoping Legend stays near $.6 range for the next 2-3 months or so, the time I need to secure some more cash! Thats about the time needed for the development application. It doesn't seem unreasonable to assume a large investment or partnership won't be announced until the Quuensland indicated approval or the process is close to completion. (I spend all my funds recently on farmland stocks and some long dated homebuilder options, which were also very cheaply priced)

Interesting interview with Zoellic, world bank president, on CNBC today....Provides a good overview of causes of rising food prices. Sees a lot of investment and recommends increasing farming productivity and stocks for poor & developing countries.

http://www.bloomberg.com/video/68688454/


Jun 01, 2011 10:46AM
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