Anybody else noted that Legend is floating as Paradise phosphate.
Aims to raise $20M at 50 cents per share.
Will make MAK look good value.
http://paradisephosphate.com.au/resources/i/docs/protected/ParadisePhosphateLimitedProspectus.pdf
They anticipate having a market cap of $85M. Legend will hold 58.8%.
Still looking at DSO.
Looks like they have an MOU with Ballance, NZ. MAK where supposed to get this!
In a nut shell these guys plan to do what MAK intended with their DSO study. Must have more favourable strip ratios?
Watch this space.
Also see:
http://www.theaustralian.com.au/news/nation/for-diamond-joe-gutnick-the-future-is-fertiliser/story-e6frg6nf-1226471448085
paradise phosphate
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