Developing phosphate interests in the Georgina Basin, Queensland, Australia

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Message: Someone is accumulating shares

Someone is accumulating shares

posted on Apr 22, 2010 11:39AM

LGDI has traded over 800,000 shares and it isn't even time for lunch.

Several block trades in the hundreds of thousands have changed hands. There is a serious investor/s accumulating shares at $1.05 which has hopefully established the new floor for the share price.

If one or more large investors are truly beginning their accumulation strategies, we should be in for a good ride as the feasibility study and commitment from Wengfu are announced in detail.

Investing in mining companies requires patience and nerves of steal, but the rewards can be commensurate with the risks.

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