LCY 0.00% 1.3¢ legacy iron ore limited

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  1. 238 Posts.
    yes lexus06 I do hold a healthy quantity of LCYOB and some LCY. I expect to do very well out of these. My patience has been tested. Big things are happening now. 2012 will be a very fruitful year for holders of Legacy shares & options. If necessary I will exercise the LCYOB options at the end of 2012. I expect that well before then we will see major developments and I expect to be able to sell some LCY to produce the funds for exercising of LCYOB at 10c per option/share.

    When all my LCYOB are shares & they are at $1.00 it will be a very satisfactory investment. That may be in 2012, 2013 or 2014; It is impossible to know how & when all the projects will come to fruition. Quite clearly NMDC/LCY have no intention of sitting on the projects - they are getting on with the task of proving resource and then will prepare what needs to be done for export output. The value of LCY will become more obvious as they meet their own objectives. There will be short term trading oportunities, but I am a holder.
 
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