LCY 0.00% 1.3¢ legacy iron ore limited

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  1. 7,427 Posts.
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    Hawthorn's management are a team of turkeys when compared to Legacy. They have sold 60% of a resource containing several billion tonnes of Iron Ore - to another company with a market cap not much bigger than their own - for $1.5 million cash and funding of drilling costs. Legacy are poised to on-sell half of this for anywhere between $40 and $100 million and now have a good chance of taking this project to the development stage.

    A good management team is something you really need to consider when investing imo.
 
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