LCY 3.23% 1.6¢ legacy iron ore limited

wall street journal, page-24

  1. 2,012 Posts.
    Nothing is set in concrete as yet sowat. Its only a MOU. We need the fine details and the price they will pay . It also has to be approved by the regulator. People will sell or hold out until these facts are known. Others will tell you what a great deal it is to ramp it up. At the end of the day, the share price reflects what it is really worth , no matter what others may think of the deal .

    When we know the price the indians will pay, then we will see how the market reacts and if its value for money or if it has been a deal to satisy the directors pockets only.
 
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