LCY 0.00% 1.4¢ legacy iron ore limited

nmdc significance, page-28

  1. pp
    2,342 Posts.
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    if NMDC is doing everything by considering lcy as its own company why should they share 50% profit from ore sale to other 50% legacy share holders....you will surely get benefited having nmdc on board but I dont see it the way you are telling us...I am still not in and consfused to buy iron ore stocks because of the fear of GFC 2 because they are the one will get hit hard...u had a glimpse of it on monday with goin down around 15 to 20%...

    I still think lgacy not worth buying at 11cents because this has more downside risk short term...ppl are still dreaming here and the day lcy clarify nmdc plans I am afraid it will go down because most probably it will break many ppl's dream...another thing I really want to see some buyers below 10cents because yesterday it was only few hundred thousands...basically if the buyers disappear lcy volatility will disappear and will become a stock that gets traded in low volume and very less chances to go up quickly
 
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