Not that we are in the league of Mosiac,Potash,etc. but these stocks are all down 30-40% in the past 6 weeks. All of their last earnings reports were great, but big funds are locking in big profits from these companies that they made in the last 6 months. These are strong companies with huge earnings and they all were extremely positive in their outlooks going forward.
We on the other hand, are a company with tremendous potential,as evidenced by the quality of institutions that have invested in us,most recently at $2.50 share. Legend has one of the largest undeveloped phosphate deposits in the world.The key word in that sentence is undeveloped. The company still has alot of work ahead of them, which I'm sure they are working on as fast as they can. Hopefully the stock is now moving from weak hands,who don't have the patience for this to play out, or need their money for other purposes, into long term holders hands. All we need is time.