LCY 0.00% 1.1¢ legacy iron ore limited

No, JMS took the company off the ASX as it was mostly owned by a...

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  1. 6,575 Posts.
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    No, JMS took the company off the ASX as it was mostly owned by a few large players - not great for the shareholders who stayed on and struggle to sell their shares. Jupiter have all but written off their IO projects given current conditions, Mindax surprisingly relinquished all their projects except a currently worthless IO project and are being massively diluted due to lack of cash and Haw are focussing on gold projects so likely little happening on the io front in this region for some time, if at all. Edit - I forgot FAS who have been in suspension for many months (over a year maybe) waiting for a miracle.

    A cashed up company - why not look at acquiring a Lithium project to add some value and return investor interest?
    Last edited by BrayWyatt: 20/04/16
 
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