topsecret10 (< 20)

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Update on a favorite- Legend Int'l Holdings

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March 09, 2011 – Comments (4) | RELATED TICKERS: LGDI.OB

I have blogged about this company for over a year here on the fool,and my opinion has not changed on this overlooked gem. There has not been ONE share sold by any of the Insiders (they hold 70% of the outstanding shares) and I would like to share an email from a friend at the company Craig Michael. :) TS.

Thank you for your email. The company is doing very well. Hopefully you saw our recent announcement regarding our 60 years of proven and probable reserves. We are also working hard on getting an appropriate partner on board to achieve the financing of the project. The fertilizer market is doing is extremely well and everything is progressing as planned. Enjoy the ride.

Kind Regards,

Craig Michael | Executive General Manager

Legend International Holdings Inc.

4 Comments – Post Your Own

#1) On March 09, 2011 at 6:11 PM, topsecret10 (< 20) wrote:

http://caps.fool.com/Blogs/legend-international-holdings/294953

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#2) On March 09, 2011 at 6:41 PM, topsecret10 (< 20) wrote:

I kind of like to compare Legand to Seabridge Gold In as much as they are both plays on resources In the ground. Whether It's gold or phosphate It really does not matter. If you look at the finite resources of phosphate,potash,and other nutrients that are needed to grow food,one would have to appreciate the fact that at some point In time these resources will become scarcer. As this happens the price of Legends reserves can go nowhere but up. After all,we all have to eat.... :) TS

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#3) On March 09, 2011 at 6:54 PM, topsecret10 (< 20) wrote:

Do some research ....
Rock phosphate at the heart of modern farming and with no synthetic alternative is being mined, applied and wasted as never before. Soaring world demand for meat and dairy produce is placing unprecedented and unforeseen pressure on phosphorous supplies for fertiliser and animal feed, while the boom in bioethanol produced from wheat and maize is making an already serious situation dire.

“Quite simply, without phosphorus we cannot produce food [and other crop commodities]”, said Dana Cordell, a senior researcher at the Institute for Sustainable Futures at the University of Technology in Sydney, Australia.

“At current rates, reserves will be depleted over the next 50 to 100 years. Phosphorus is as critical as water for all modern economies and if global water supply were as concentrated as global phosphorus supply, there would be much deeper concern. It’s amazing that more attention is not being paid to ensuring phosphorus security.”

In just 15 months from the beginning of 2007 rock phosphate prices surged by 700 per cent. And it was not food crops, fibre crops (cotton) and fumitory crops (tobacco), or even livestock feed that was at the root of this supply and price problem, but the seemingly unstoppable biofuel bandwagon. US projections had suggested a global annual growth in phosphorus availability of 2.3 per cent required just to feed the world long before the super growth of biofuels started several years ago.

Leading scientists said a sharpening shortage of rock phosphate could bring production of crop-sourced biofuel to an abrupt halt. What is more, they say, bioethanol fermented from maize and wheat or biodiesel processed from oilseed rape (canola) is not a truly renewable source of energy if one of its essential and fundamental chemical elemental inputs [rock phosphate] is growing scarcer by the day.

Scientists at Linköping University in Sweden predict crunch time for agriculture, including tobacco, in just 30 years as global reserves of high-quality rock phosphate fall into terminal decline.

Minable phosphates are extremely limited and could give birth to a new geopolitical phosphate order, with countries like Morocco currently holding over 30 per cent of the world’s remaining known reserves. Other remaining exportable reserves are concentrated in Western Sahara, South Africa, Jordan, Syria and Russia.

Observers are already talking about a phosphorous cartel comprising a small number of nations becoming “phosphorous resource superpowers” with the same level of control over this mineral commodity that OPEC has over petroleum oil reserves.

The economic battle to secure phosphorus supplies may already have begun, say experts. China, which has 13 billion tonnes of phosphate rock reserves, has already moved to guard them more carefully, said the United States (US) Geological Survey. Beijing imposed a 135-per-cent tariff on phosphate rock exports to choke off exports of phosphate and thereby protect its own farmers. This alarmed the global fertiliser industry and especially western Europe and India, both completely dependent on imports. My bet Is on Legend..... TS

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#4) On April 22, 2011 at 4:55 PM, openhandedgrouse (< 20) wrote:

I have a portion of my profolio invested in legend which I plan on holding for a long, long time. Top secret do you or does anyone else know of other phosphate miners who have similar assets to LGDI and are in the early stages of development? I would like to spread my risk among a few similiar phosphate owners/suppliers. Also do you own any of the bigger players like potash?

Thanks in advance.

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