Developing phosphate interests in the Georgina Basin, Queensland, Australia

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Message: Re: Pacifer report,nothing more!!
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Feb 24, 2011 10:56AM

I was told by Mordi the last time I spoke with him that this bankable feasibility study was done. That was back in December. I personally think that whole deal was just a smoke-screen for getting all these prospective buyers together so they could do their DD. Give them all time to figure out what the phosphate assets were worth and get some bids going for them. What I still can't figure out is why the LGDI share price hasn't moved higher on just speculation of selling the phosphate assets? It appears there's still a lot of speculation on what LGDI is worth or whether Joe G. can be trusted.

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