LCY 0.00% 1.3¢ legacy iron ore limited

lcy market valuation priced in.?, page-19

  1. 14,799 Posts.
    lightbulb Created with Sketch. 1530
    Manny thanks for the refresher, one other thing about our Mr Han is that he is also a Director of the Chinese Steel Makers who originally funded LCY at 10c allwowing them to acquire Mt Bevan.
    The only reason I am sticking by my 30c + minimum is because if this Independent Valuation is really Independent and both parties stick to the terms of the MOU then 30c is easily achieved.
    Even though I do agree that having NMDC on board will only add value and strength to LCY going forward, I also do believe that we are not a garage sale and do not have to sell 50% of our Co for a bargain basement price. It's not like we need the money to finish Mt Bevan.

    LCY has come a long way in the last 12 months so why should we giveaway our valuable resource for peanuts.
 
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