LCG 0.00% 6.0¢ living cities development group limited

i agree that it'll be big news when the agreement is...

  1. 59 Posts.
    i agree that it'll be big news when the agreement is announced.

    Aside from overall market weakness, two main fundamental weaknesses of this stock have been:

    (1) the unconvential business plan of using magnetite to create MPI. Since this is a relatively new approach alot of investors would shy away and feel safer putting their money in a DSO operation.

    (2) Uncertainty about the ability to get funding for the project.

    I think that an agreement would directly adress both of these issues because, especially if it is a well recognised company because it will show true recognition and confidence in Ferrowest's strategy - to the point where big company's are willing to put their money where their mouth is.

    If a good agreement is made this quarter i really dont think i could find any more fundamental weaknesses in this company...if other investors feel the same way we should see a real jump in the SP hopefully up to levels where it should be.

 
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