Developing phosphate interests in the Georgina Basin, Queensland, Australia

Free
Message: The Long Run

I just listened to the conference call. All very interesting and positive. I don't think the share price will go anywhere over the next few months as there is a lot of uncertainty. How much will Wengfu invest and how? (I don't think it is if anymore) How much will we all be diluted? What will the spin off be worth? Will the project be enlarged when the revised feasability study is completed?

However like the share price I'm not going anywhere either. I started out like many of you hoping for diamonds - now we are in the Aluminum Chloride business! In the long run and it is not that long in the scheme of things (lets face it BP will still be cleaning the gulf coast when our project could be up and running in 2013) a company that is throwing off north of $100 million in cash per year based on 600,000 tons of MAP & DAP (and it could be much more than that) has to be worth something substantial.

Why Mosiac or BHP doesn't swoop in with a blank cheque is beyond me. Over 600,000 shares were sold today or put another way they were also bought.

So we just need to be patient and aptly remember the words of Chinese philosopher Confucius

"It does not matter how slowly you go so long as you do not stop"

So long but still strong Lgdi

Share
New Message
Please login to post a reply