LCY 0.00% 1.3¢ legacy iron ore limited

100% of wonorah?, page-59

  1. 2,012 Posts.
    Spot on zman. India fiscal year only has few weeks left and they seem to want to hold deals out until at least April. I think we will get clarity from LCY next month on 60 % ownership on Mt Bevan and maybe something on the remaining 40% or a new term sheet around the same time. Mak should follow as that deal seems to have been done and would suggest the hold up and DD has been the future capex. Coal ones are a bit harder to read currently and may take a while to get that one over the line with a lot of competition world wide looking at quality coal assests. Lets hope the chatter about CLR is on the money, but i wouldnt be surprised to see something out of left field for coal. Also think they may pick up a small FE company for the future, while bargains are out there to be bought.
 
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