LCY 0.00% 1.3¢ legacy iron ore limited

read between the lines, page-17

  1. 80 Posts.
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    I think management probably jumped at the deal instead of waiting till we got the 60%, because the Indians are going to be bringing more to the table than just their cash.

    Sharon has made a great deal out of buying Mount Bevan which is worth $120m as it stands to Legacy, for just $1.5m spent to date.

    I think she has a crafty way of getting some serious upside for shareholders.

    After all she is the biggest shareholder, so why dilute herself if there is not an end game benefit.
 
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