Let the facts speak for themselves

Developing phosphate interests in the Georgina Basin, Queensland, Australia

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Phosphate King

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Let the facts speak for themselves

posted on May 28, 2008 01:15PM

Let the facts speak for themselves.

A 100M private placement should have brought the sp down towards $2.50, but the stock has stabilized above three dollars.

The stock will move again when any of the following events are publicized:

1. The specific terms of the IFFCO capital investment and the offtake price per ton.

2. The date for LGDI to move off of the bulletin boards

3. A final scoping review confirming the exact size of their deposits.

The only potential downside would be related to a long term drop in the price of phosphates, which appears unlikely in the near future.