Re: Long live the King!
in response to
by
posted on
Jul 15, 2008 09:03AM
No, I don't know where the Moroccan prices can be found on a consistant basis, but that will not have much impact on LGDI once they announce the long term contractual sales price between them and IFFCO. The contract price will rule the day!
You are right about the $3.00 mark being reached, and I don't understand the companys' logic around their timing for listing on the Amex. They must be holding back their press release and fan fare for transitioning to the AMEX until the market at large becomes more stable/predictable. In the mean time their investors are riding the cyclone.
In the mean time, lets' hope that this roller coaster makes some positive announcements and gets back on the upward tracks sometime soon.
PS: Don't discount the value of the Uranium that can be pulled out from among the phosphate thet they have identified. Nobody is talking about it at the moment, but at some point that too can give a big boost to this stock.