Rewards go to the patient. Wait for the announcement re NMDC deal. There's plenty of indications re it going through. Have a look at the LCY announcements.
Yesterday's annountement re the CEO indicates a done deal.
The CEO, Sharon Heng is the major shareholder; she can have the arrangements which suit her.
It will probably be necessary to wait until at least the week commencing 22nd August for announcement with the details of the deal.
That provides time for accumulators to gather up more stock from those in a hurry to sell, but those sellers are giving away a very big portion of their profits.
DYOR ... there's plenty of information in the company's announcements & in the HC posts for LCY.
Have a read of this:-
http://www.proactiveinvestors.com.au/companies/news/18431/legacy-iron-ore-undervalued-play-not-lost-on-indian-and-chinese-iron-ore-steel-groups-18431.html
what will the bid be?, page-19
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