Developing phosphate interests in the Georgina Basin, Queensland, Australia

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Message: Good buzz about the Paradise IPO

Google "paradise phosphate ipo" and you will find encouraging buzz ... This IPO is of course the key to infusing much needed capital into LGDI and giving it a new lease on life. Also, phosphate rock and DAP prices have been holding up pretty well, and current high prices for grains should be supportive going forward. Green Market Fertilizer Price DAP US Gulf Export is quoted at $570/ST (standard ton) as of Sep 3, up from recent low of $500 in early April. IMF Morocco Phosphate Rock Export Price in USD/Metric Ton is holding steady at $175 as of 6/30 (monthly updates tend to be tardy). With an activist investor on our side and the Paradise IPO sounding somewhat promising, maybe things are looking up a bit for beleaguered LGDI investors. We can only hope!

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