LCY 0.00% 1.1¢ legacy iron ore limited

Legacy Visit, page-6

  1. 1,223 Posts.
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    Hi syd, what makes you say RIO? Legacy had a lot of potential with the backing of nmdc but Personally I can see LCY share price at 0.002 by the end of year and probably at 0.001 by early next year some time.. Unfortunatly for us and in my opinion only , I don't think legacy will buy out any major company with nmdc only having a 78% interest in lcy. In my opinion They'll probly wait till more companies are in dire straights due to ore prices and our share price is down to 0.001 , buy us out for minimal and buy out distressed companies for even less than they can now. I Realy Hope I'm wrong, but makes sense to me. The recent ann stating they won't be doing anything with mt Bevan until a more opportune time is what has lost my interest.
 
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