My understanding of what LGDI wanted to happen was for an equity partner to come in and either buy out all or a large portion of their phosphate assets. If that happens there would be no need for share dilution because LGDI should get a large money infusion from whoever buys their phosphate. My hope is that they sell out completely to a big player and that's it. Deal done and completed. IMO that's the best case scenerio.

Now if whoever they choose to partner with insists on JUST partnering with them on building the plant and not buy the phosphate assets the scenerio could be as you say where there is some sort of share deal given to the partner diluting our shares. Either way the share price should rise on a deal being done. IMO the reason the share price has suffered is because the process has been dragged out and we all know nothing has been confirmed with any other players. The share price should pop when a deal is annouced, either way.