LCY 0.00% 1.7¢ legacy iron ore limited

proactive investor, page-16

  1. 3,281 Posts.
    No mate. Waiting for an off day till some idiot dumps.

    When I think about things with the whole nmdc deal. If they are paying for 50% of the company wouldn't they effectively paying slightly below market value for the land and the cost of development on purchase of the 50% stake. If you read shorans email I posted, it implies that they will pay all the amount up front. Makes sense cause how else are they meant to fund the project if not though a jv. I think big cash up front and let Sharon organize getting it to India
 
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