LCY legacy iron ore limited

Hindu Busoness Line for all your pre-quarterly announcement disclosure needs

  1. 793 Posts.
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    As per usual, Abishek Law's inside sources let you know what doesn't get announced officially via ASX. Usually, the source is our chairman, Amitava Mukharjee. This time, mysteriously unnamed, likely because someone realizes this might be (IS, imo) a breach of continuous disclosure laws...

    https://www.thehindubusinessline.com/companies/no-pay-dirt-yet-nmdcs-australian-lithium-exploration-draws-a-blank-looks-forward-to-profits-in-fy26/article69801055.ece

    The source in the article seems to say $400k in the black on Mt. Celia and projected $9M in the black for the year (75% of 12 million, so presumably recovery phase of the $20M Gupta & co. flushed down the toilet before Bain stepped in and turned it around (with minimal effort, it would seem).

    Then again, as we all like to say: DYOR and read between your own lines.

    GLTAH (Get Legacy To Answer Honestly)
 
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