LCY
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10.0% 1.1¢ legacy iron ore limited

They have always said that the LOC would only be used to...

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  1. digby218
    1,513 Posts.
    lightbulb Created with Sketch. 13
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    01/08/14
    14:26
    Post #: 13755050
    They have always said that the LOC would only be used to purchase income producing projects.

    So there is little or no risk because the producing asset would cover the repayments of the loan & also as Bugs has alluded to it would be guaranteed by NMDC
    LCY Price at posting: 1.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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