Re: Legend Plans to Begin Phosphate Rock Production and Sales Operations
posted on
Nov 08, 2011 11:27AM
I thought IFFCO was a customer, not an equity partner. IFFCO has agreements with LGDI to buy rock and fertilizer, but to my knowledge they had never committed to invest money directly into LGDI. They have always had a big interest in seeing this project move forward, maybe now they finally have to put up some money themselves to actually see that it does.
I personally won't believe any of it until I see it come to fruition.