LCY 10.0% 1.1¢ legacy iron ore limited

Any cause for concern if so what can you do?, page-3

  1. 3,538 Posts.
    lightbulb Created with Sketch. 4
    well said Ron

    And i see that you now hold shares in LCY

    Though having looked at the latest top 40 on Legacy's website, we see NMDC holding 78% of the company, and my humble guess is that Sharon + various Singapore money will hold up to an additional 5%. The total makes up 83% of LCY and even if the remaining shareholders vote against the remuneration, the best percentage outcome would be 17%.

    Looks like once again the hierachy has won.
 
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