Developing phosphate interests in the Georgina Basin, Queensland, Australia

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Message: What we need......

Someone like a Mosaic will step in....... but not until the share price is almost $0 and when Gutnick has no options but to sell the leases. The only thing LGDI has is the lease on the land. There is no infrastructure, no plant, not even an efficient source of transportation to get the phosphate to port. If Gutnick is playing hardball with any possible partners, why wouldn't they let him go banckrupt and then swoop in to pick up the pieces. That goes for the institutional holders as well. So what if they lose $50m on their holdings, when they can throw down another $50m and get the whole company rather than their measly 10%-15% .

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