Developing phosphate interests in the Georgina Basin, Queensland, Australia

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Message: Industry Rumors - Potential Buy Out

Industry Rumors - Potential Buy Out

posted on Feb 07, 2010 11:01AM

I was speaking with an acquaintance who is a commodity broker this weekend, and was told that the Country of Morocco is looking to buy up Phosphate Reserves wherever it can find them, and that they are approaching most of the Phosphate exploration phase companies around the world.

I would hope / assume that Legend would be on their list.

It would be interesting to see what sort of a premium Legend could be sold for.

This could be an interesting development, stay tuned ...

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