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7.69% 1.2¢ legacy iron ore limited

http://www.business-standard.com/article/companies/nmdc-to-up-iro...

  1. schubox
    913 Posts.
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    29/05/15
    17:49
    Post #: 15379173
    http://www.business-standard.com/ar...uction-by-8-million-tonne-115052801233_1.html

    May 29
    From paragraph nine: "However, the company will not undertake mining in the Legacy Iron Ore asset in Australia until the global prices firm up, according to him" (Narendra Kothari)

    Hmm... wonder how long it's gonna be before global prices firm up, and firm up to what? $70,80,90,100
    On a positive note he and the company still sound comitted to going ahead with Mt Bevan at some point in our lifetime.
    LCY Price at posting: 0.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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