LCY 6.67% 1.6¢ legacy iron ore limited

my major concern, which I hope to be unfounded, is that NMDC may...

  1. 697 Posts.
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    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!
    Last edited by Cooksbooks: 30/03/24
 
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