Developing phosphate interests in the Georgina Basin, Queensland, Australia

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Message: Problem....

The problem is that some investors or traders realized after the conference call/news release that this is a LONG TERM PROJECT as shown by the revised timeline in the 8K. We are talking YEARS not months.Nothing is going to happen quickly that warrants immediate purchase of shares. The "next update" on the "revised feasability" study will come out at the end of the 3rd quarter which is the end of September. At that time we SHOULD(hopefully) find our Wengfu's equity interest in the company. Until then, we sit and wait....again.

Looks like someone decided this am not to wait and blow out their shares. As long as the large holders (IFFCO,SOROS,ATTARA) are willing to wait this out, all should be good eventually.

Don't forget, Legend with over a billion tons of phosphate, AT $1.00/TON= Over a billion dollars or about $4/share..... you would think that someone would take notice of that(Do you hear me Mosaic??)


Aug 02, 2010 10:55AM

Aug 02, 2010 11:38AM
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Aug 04, 2010 12:30AM

Aug 04, 2010 08:19AM

Aug 04, 2010 09:15AM
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