Developing phosphate interests in the Georgina Basin, Queensland, Australia

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Message: noise while waiting

I concur with the sentiments in your last posting and just want to add one point.

The Gutnicks are very good studies of the market and I speculate that they may be holding on to one or two of the press releases that we have been waiting to see released until the general tone in the market has picked up and is able to sustain and carry the benefits of the positive announcements.

At this rate I expect the remainder of February to be quiet and that we will see the market become more bullish for commodities in March, at which time the awaited press releases will begin to hit the wire.

IMO none of the company fundamentals have changed, nor has the world demand for fertilizer.

What has changed is the number of naysayers and the volume of noise that they are publishing related to Legend. None of which is substantiated or worthy of being read.

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