Any feedback from AGM, page-4

From what I have heard, the meeting went very well. I don't know the full specifics but please find summary below:

Both Nanda and Ramachandran were keen to talk to shareholders at the AGM.

Ramachandran has the view that the price of Fe should stay quite similar to current levels for at least another year before any potential to increase. That being said, it was suggested 2015-2016 may be the year for Legacy. It makes sense too, most of us would have heard in the old saying 'buy low... sell high'

From what was discussed, NMDC has always been looking for acquisitions that are worthwhile, but also taking into consideration on the market and its future as a whole. If we had acquired producing iron ore assets a year ago using a major LOC, or bought out Hawthorn's share of Mt Bevan at 10+ million, we would be kicking ourselves right about now.

With the new members in the team, next year will really reveal what's to come for Legacy.