LCY 6.67% 1.4¢ legacy iron ore limited

spin of gold, page-27

  1. 7,134 Posts.
    lightbulb Created with Sketch. 385
    IMO the only way LCY will get a re-rate is if their cornerstone investors gives them $1 bil for free , and we know thats not going to happen ,so Lets see what LCY does have ???

    1 Money ?? none left or not much
    2 Gold ?? not much or not enough to actually take it out of the ground
    3 Coal ?? Not much or not enough to actually spend money to take it out on
    the ground , they even did not bother to release the last results
    4 FE Plenty but no money to do infrastructure and iron ore price at
    rock bottom so not really commercial
    5 also a cornerstone investor that imo does not give 2 hoots what the SP is or how much the retail holders are hurting
    LCY near term future is not good imo and might need to wait another 5 years or more until the indians are good and ready to do something but the problem is the admin cost will dilute the shareholders to the buggery , and the SP will be a lot lower than where we are today .
    I dare the management to prove me wrong

    all the above is my opinion only
 
watchlist Created with Sketch. Add LCY (ASX) to my watchlist
(20min delay)
Last
1.4¢
Change
-0.001(6.67%)
Mkt cap ! $107.9M
Open High Low Value Volume
1.5¢ 1.5¢ 1.3¢ $4.087K 306.7K

Buyers (Bids)

No. Vol. Price($)
1 165121 1.3¢
 

Sellers (Offers)

Price($) Vol. No.
1.4¢ 38917 1
View Market Depth
Last trade - 15.04pm 12/07/2024 (20 minute delay) ?
LCY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.