Developing phosphate interests in the Georgina Basin, Queensland, Australia

Free
Message: Re: Legend Said to Seek Buyers for Parts of Australian Phosphate Operations

This is a brilliant strategy!

Rather than dilute the stock to raise money to build the beneficiation and production plants, LGDI will simply sell off some of the abundant inground assets.

This will have little to no impact on investors, and will allow the company to build a REAL Fertlizer Business without having to take out loans or float additional shares.

Nomura has been brought in to broker the deal, and Wengfu can still become an equity investor and be involved in the design and build out of the required plants.

I take my hat off to the Gutnick's for designing a business deal that will truly benefit us the shareholders in this company.

Long & Strong LGDI!

Share
New Message
Please login to post a reply