my major concern, which I hope to be unfounded, is that NMDC may look at the balance of shareholders - us - and see a bleed of 8% of the profits they woukd like to attain for themselves.
As a mineral development company, they also want the resources LCY will produce. As they ore passes out of their hands through Padbury, I percieve an opportunity for them to discretely arrange a deal with Padbury that is favourable to Padbury and gets gold to NMDC at a favourable price and leaves LCY with the appearance that cost of production is 'higher than expected', so no dividends issued.
Again, I hope to be wrong but with the level I have sunk myself into Legacy, I have begun to see disaster around every corner despite all the obviously positive developments.
i can only hope my experience is not uncommon: a product of the risk-averse facet of oneself trying to escape the closet it has been locked in.
I wouldn't fault the NMDC for trying to work a better angle, but I want my dividends!
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Last
1.6¢ |
Change
0.001(6.67%) |
Mkt cap ! $123.4M |
Open | High | Low | Value | Volume |
1.6¢ | 1.6¢ | 1.6¢ | $3K | 187.5K |
Buyers (Bids)
No. | Vol. | Price($) |
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5 | 668911 | 1.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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1.6¢ | 4012 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 668911 | 0.015 |
1 | 15876 | 0.014 |
5 | 952485 | 0.013 |
3 | 1441253 | 0.012 |
2 | 91001 | 0.011 |
Price($) | Vol. | No. |
---|---|---|
0.016 | 4012 | 1 |
0.017 | 1063025 | 2 |
0.018 | 1434569 | 7 |
0.019 | 117632 | 2 |
0.020 | 647778 | 2 |
Last trade - 15.33pm 09/05/2024 (20 minute delay) ? |
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Last
1.7¢ |
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Change
0.001 ( 6.25 %) |
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Open | High | Low | Volume | ||
1.7¢ | 1.7¢ | 1.7¢ | 35000 | ||
Last updated 10.29am 09/05/2024 ? |
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