LCY legacy iron ore limited

So what do we gather from todays announcement.- Sharon has...

  1. 80 Posts.
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    So what do we gather from todays announcement.

    - Sharon has choosen to bring in someone to run the company to production. Not pushed aside or resigned, but choosen to grow the company with new experienced people

    - LCY has no real big insto's, so she isnt getting pushed out, she is the largest shareholder.

    - timing of new ceo is around the NMDC completion

    - already in advanced discussions with a new ceo

    - recognises the need for greater skill set

    - moving to corporate acquisitions, clearly future plans are to acquire some big projects, and they must already have some lined up.

    - positive on NMDC, so likely a done deal

    - Sharon still holding all shares, not selling out and running. Must believe in the future of LCY.


    Nothing but a positive on this announcement. Well written and clear that Sharon is making a move to benefit all shareholders.

    Just show us the NMDC deal now.

    Well done Ms Heng, go buy yourself a new car to celebrate
 
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