LCY
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6.67% 1.4¢ legacy iron ore limited

Cool man. Difference with JMS is no FIRB requirements, and no...

  1. traz
    2,038 Posts.
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    30/10/19
    10:47
    Post #: 41140872
    Cool man. Difference with JMS is no FIRB requirements, and no objections to TO Panel. I note that only 0.12% objected to the JMS move too, which means they had their holders on board.

    We are in a privileged position with this stock, in that there are different requirements, AND NMDC are in a position where they can afford a commercial offer that will satisfy holders (+ FIRB, Courts, TO Panel etc) to get control of these great projects. I agree that the underlying focus of NMDC is the gold assets AND the Iron Ore...

    We are all on a good wicket. This TO will be a win/win.

    Thanks for info man.
    Last edited by traz: 30/10/19
    LCY Price at posting: 0.4¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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1.4¢ 		Change
-0.001(6.67%) 		Mkt cap ! $107.9M
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