Developing phosphate interests in the Georgina Basin, Queensland, Australia

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Message: Catalysts for this stock!

Catalysts for this stock!

posted on Nov 20, 2008 11:42PM

- Revalidation drilling to define resources on permited properties.

- Permits for Lady Anne

- Drilling of Laddy Anne to define resource

- Signing of a contract with IFFCO determining a price

- Clearing environmental approval and governmental approval.

We have a ways to go and there is definately risk but at these prices the risk reward could be phenominal most of the above mentioned will be accomplished within the first/second quarter of 09. All of this information is in the BMO report listed on their website for anyone who hasn't read it is very informing. It also explains our lack of concrete news there just isn't any yet Mr. Gutnick is promoting this before all the eggs are in the basket unless they already are at any rate we will learn of this soon. Oh one more thing Mr. Gutnick and wife own a company in Australia that company owns 22% of shares in Legend so this company won't be privatized anytime soon, also in BMO report!

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