Developing phosphate interests in the Georgina Basin, Queensland, Australia

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Message: A question for my fellow long term investors

My understanding is that 30% P2O5 is typically preferable and LGDI is mostly about 27% (can't remember exaclty) so we are a little lower in quality.

I've noticed the Yahoo board is dominated by a couple posters who claim are short. I doubt that board influences $200,000 worth of LGDI shares every day (value of our average volume). And last time I checked the OTC web site, short interest was only about 8,000 shares total.

That said, its a positive if they did negatively influence it artificaially ...that just means if positive news comes along the jump is more spiked.

LGDI is a microcap stock so there is a huge!! amount of risk. I was looking to invest in a microcap phosphate miner as prices were falling figuring they have the most upside if the market turned. At that point I had already lost a lot of money holding POT & MON on the way down in 08. I became interested in Legend after Soros filed the 13G....luckily it was delayed by a few months! I think prices will go beyond the '08 peak....oil is already on its way back to 100. China & India came out of the world recession strong. Hopefully management doesn't mess things up.

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