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LCY - Legacy Iron Ore

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tigerboi

tigerboi

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This new iron explorer is set to start trading next month,they will have 2 iron ore projects.one in the robertson ranges with AGO & FERRAUS close by to their tenements.

The 2nd iron ore project is in the hammersly ranges with a tenement either side of the beasley river,south of all the brockman activity..but only 27 & 18 squares..TB:D

plus they have some gold tenements at halls creek...

http://www.legacyiron.com.au/Legacy Prospectus.pdf?id=9

Robertson ranges tenement...390 squares

Hammersly tenements..27 & 18 squares
 

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Re: LEGACY IRON: NEW PLAYER IN THE PILBARA

Had the priveledge (or otherwise) of looking at a prospectus the other day, "looks like leftover crap" and "they don't even have a geologist" were two comments I got from a quick round table discussion. I'd be interested if anyone knows anything else about the directors other than what they wrote about themselves ie: We are going to give ourselves a huge amount of stock because we want to and our tenements are wonderful...:D
 
Re: LEGACY IRON: NEW PLAYER IN THE PILBARA?

doogie_goes_off said:
Had the priveledge (or otherwise) of looking at a prospectus the other day, "looks like leftover crap" and "they don't even have a geologist" were two comments I got from a quick round table discussion. I'd be interested if anyone knows anything else about the directors other than what they wrote about themselves ie: We are going to give ourselves a huge amount of stock because we want to and our tenements are wonderful...:D
Click to expand...

yep that was a big worry 32m shares out of 102m only for the punters im interested in how their area will go exploration wise..l i did notice a lack of real mining experience...see how it goes in the future...price they are asking seems way over compared to others...tb:D
 
Re: LEGACY IRON: NEW PLAYER IN THE PILBARA?

tigerboi said:
yep that was a big worry 32m shares out of 102m only for the punters im interested in how their area will go exploration wise..l i did notice a lack of real mining experience...see how it goes in the future...price they are asking seems way over compared to others...tb:D
Click to expand...

I did notice a strong Chinese influence on the Board. One of the Directors is the MD of 'DT Resources'. Anyone heard of this mob? Also it is DSO which they are after which is always good. But yeh it does seem like a cobbling together of bits and pieces that others have missed.

Lets see how they go. If the iron is there, it will be worth a bit I suppose.

PS: how is this for a good deal for retail investors by the way.

So they are raising $8m. Of this, about $5.2m will go on exploration & 180k on working capital. The rest goes on cap raising fees 560k (fair enough), admin inc directors fees 1.48m and corporate overheads $580k!!

Hey big spenders. Reeks a bit.
 
Re:MY INTEREST IS THE ROBERTSON RANGE IO

What got me interested was its position to a speccie i found in the robertson ranges,already listed with only about 11m shares,plus a 13km io strike...tb:D

have a look at this one...IFE..60% owned by TRF

PIM...big resource next to RDR...tb:D
 
Re: MY INTEREST IS THE ROBERTSON RANGE IO

tigerboi said:
What got me interested was its position to a speccie i found in the robertson ranges,already listed with only about 11m shares,plus a 13km io strike...tb:D

have a look at this one...IFE..60% owned by TRF

PIM...big resource next to RDR...tb:D
Click to expand...

Thanks for the tip TB - I'll have a look. What are your thoughts on TLM? JORC is coming up August 2008 and they definitely have ore. Seems strike depth is sshallow though. Good location though near Area C etc. Has me scratching my head that one. Tempting at 50 cps which is where it is at. Also POL is in the doldrums and might be worth a punt. However the righst issue has floored it a bit.
 
Im surprised no one has mentioned Legacy recently, it has shown amazing strength over the last week of market turmoil, up 50% in the last week and 100% over the last month.

The strength is on the back of an upcoming investment from Indian company NMDC who are set to take a 50% stake in Legacy at a yet to be determined price. Recent independant broker valuations set a price target of 30c within 6 months and 40-45c within 12 months or sooner on the back of the NMDC investment. Heavy trading volume over the last few days and one to keep on the watchlist.
 
Legacy....here we go.....heading to .....maybe .....$1 by end of 2012.

Start reading up folks, this is going to get very exciting if you hold shares IMO!
:)
 
Hmm, pulled back a bit more than I like due to lack of any further positive news on t/o prospects..........

Still holding awaiting for the big update soon - I hope!

DYOR

:D
 
LRG said:
Hmm, pulled back a bit more than I like due to lack of any further positive news on t/o prospects..........

Still holding awaiting for the big update soon - I hope!

DYOR

:D
Click to expand...

Volumes are low and not a fair indication of the stock. News is on Joint ventures and not take overs we are waiting for.

DD takes a while and because they are joint ventures, both partys ned to be on the same page to move forward to production.

This will be one stock for the future that will have a bright prospect, once deals are announced.

Expect news to start from April and more to foolow over the next 6 months.
 
Double its average shares traded today and closed on its high of the day of.15.

.145 was resistant, so lets see if we have a higher low now.

One to watch over the next 6 weeks.
 
goldexplorer, yes H of 16.5 and close of 16c.

also presso out after market.

I think this will start to get on the radar with more traders and brokers soon.

We need to see volume more spike with the good news coming!

tightly held, so only a small % of holdings are offered for trade. Most Shareholders don't trade this one - they are waiting for the 10bagger etc before they sell - 1, 2 or 3 years from now.

;)
 
Brokers will be watching from the sidelines and waiting for some joint ventures to happen and a market cap over 100 million before they pounce, but you can be guarnteed they would be sitting on the sideline and watching.

.17 may be a possible close tomorrow.
 
Mt Celia gold drilling results should be released soon. Also some news on the 50 percent of MAK joint venture due later this month.

Next few weeks should be interesting if the positive news is released on time.
 
Lets see if the trading halt if for a near producing coal asset, that will provide a cash flow in the future.
 
LCY is now doing a big advertising campaign on CNBC ASIA
May be this will pick up some interest
Cheers
Des
 
In this climate, people are waiting for the earn in on Mount Bevan 60 percent before investing.

That shouldnt be very far away at all.

We may even pick up the final 40 percent very cheap with the joint venture partner struggling.
 

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