LCY
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0.00% 1.5¢ legacy iron ore limited

timing of ann, page-49

  1. LeeKing
    5,885 Posts.
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    29/01/12
    11:02
    Post #: 9610182
    zmans,

    "Our credit card..."

    It's not really "our credit card". Sharon won't be able to go on a shopping spree. It's NMDC money for NMDC strategic goals.

    But confirmation of:

    - $200m line of credit,
    - no CRs at least for a while,
    - all new projects going thru LCY,
    - Wonarah,
    - Ridley, and
    - end of Springtree...

    ...are all good signs!

    I've changed my sentiment to LT Buy.
    LCY Price at posting: 12.5¢ Sentiment: LT Buy Disclosure: Not Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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