Developing phosphate interests in the Georgina Basin, Queensland, Australia

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Message: I don't like the way LGDI closed today

A 20% drop in the share price probably did shake out some weak hands. One of the problems in holding a stock like LGDI is that when a hedge fund or someone that takes a big, short-term, stake in the Company decides to sell we get what we got yesterday.

The same guys that sold yesterday are probably buying back their shares today!

I want to see the day come when the buyers are holding their shares and not just trading them. Maybe then we'll finally see some share price appreciation that sticks.

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