i actually sold my lgd this morning. Read in today's West (or AFR) that they are announcing a placement on Monday - - the Hartley guy said that should be good news for the share price because it means LGD will have more money to spend on their expansion.
That logic fails me a bit- - I'm guessing Hartleys is arranging the placement.
The thing that really puzzled me about lgd is their shocking operating cash flow. Last year and this year their cashflow loss is huge - -yet they somehow manage to report big profits. Sounds like a strange profit to me.
It's probably a good investment though - just a bit too sus for my liking.
Cheers Anne
LGD Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
