LCY 0.00% 1.0¢ legacy iron ore limited

Ann: South Laverton exploration program commences, page-95

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  1. 1,245 Posts.
    lightbulb Created with Sketch. 10
    Our history is history. The trouble makers have been kicked out. Taking lcy to court is just pissing money up against the wall IMO.
    Iron ore may be dead for now but it will return one day. After all almost everything that is constructed requires it does it not? Gold is just something to keep them preoccupied. a good distraction at least.

    NMDC own 78% of this company and they have cash resereves of 5 billion plus last i checked. That means the register is super tight as i doubt they will be selling at anywhere near the current price.

    LCY still have approx 7 million in the bank, they have mentioned several times they are looking for projects and have considered some near term producing projects. One day the announcement will come, and the price will move. I still believe the Indians want to use lcy as a front for something big in aus. After all, the last i checked Indians like to make money too.

    this one is a dormant volcano. will blow soon enough. My opinion of course. Hopefully!

    Lithium would be nice, an old mine perhaps forgotten somewhere. Just like gmm and Gxy. which is still making me smile. Well gmm is anyway. I dont hold gxy.
 
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