Developing phosphate interests in the Georgina Basin, Queensland, Australia

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Message: Re: Legends' stock price & Company Status

"If you read through the various press releases and news that was released today we find that IFFCO has received 100.5M dollars worth of options that range in price from $2.50 to $4.00 per share over the next two years. (Translation: Legend has absolutely no financial concerns while building out their production capacity)"

Wasn't the build out of start up, pipe, and port facilities close to $1 billion? This transaction along with the last only appears to be about 25% of that without counting increases in energy costs.

How do you come up with "absolutley no financial concerns" in the present money climate?

However, I agree with most of the rest of your translation.

Rink

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Jul 16, 2008 10:32AM
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