LCY 0.00% 1.1¢ legacy iron ore limited

strauss in honesty I'm usually quite pragmatic about my...

  1. 1,105 Posts.
    strauss in honesty I'm usually quite pragmatic about my expectations from companies and find that forums are full of whingers who just complain about management any time they lose some money. This is not the case when it comes to this company I feel like most posters are justified in their disgust for a plethora of reasons. To be honest I find it a bit hard to post my calm and collected thoughts here as its public space and for all I know would be used against me at some point for being 'defamatory' even though I'm sure more than 90% of LCY holders would simply agree that it's the truth but that doesn't always matter when legal issues can be determined by who has more money to throw at it.

    For what its worth I think your reasoning for having a punt on LCY now is totally fine and could pay off big, very big. It really wouldn't take much for LCY to launch and quite seriously if they actually did something. It's just that many of us have watched the company literally achieve nothing but cash burn for multiple years. I have my theory about what is actually the objective here and I hope it's wrong for everyones sake though thus far the evidence suggests otherwise. In any case I hope that announcement of something material eventually drops randomly and proves my theory as wrong. I wish you all the best for your investment/gamble.
 
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