I was incredibly disappointed by the information that was omitted from today's press release.
We need to know the status of the relationship with Wengfu, the size of their investment and whether there will be dilution to the stock, or not. If Legend hasn't finalized this information with Wengfu yet, it doesn't take away from the value of the companies holdings or the future potential of the company, it is just a disappointment to all of us longs that were hoping to gain resolution to our questions today.
Maybe a bit more info on the Wengfu relationship will be disclosed on Monday, but I sincerely doubt it at this point. A buy out by MOS, BHP or others would be great, but for now everything remains on hold for the end of Q3.
I am not happy with this delay, but I remain long & strong LGDI!