by Travis Johnson, Stock Gumshoe | January 20, 2011 11:16 am
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I jumped in on this also, along with Sprott Resource Lending. They had a press release today stating the amount of deals in the pipeline along with a statement saying that they plan to start paying out dividends and occasionally buyback stock on the open market.
Has anyone been following Stonegate (ST.TO)? I know Travis holds it indirectly. Quite a slide in the last 3 months off its 52 week high. For anyone who has been following/holding ST, is it attractive at this price?
Hi Travis,
I’m also curious if you have any further thoughts on Stonegate.
I’ve also looked into Legend International (LGDI) which you mentioned in the same post. I get the impression that they are farther along in the development process than Stonegate. The investor presentations also make an interesting case for Legend both in their proximity to China as well as plans for production of aluminum fluoride (AlF3) as a valuable byproduct.
LGDI’s price has also slid significantly, like SNRCF. Do you have an opinion on their relative value?
LS
I’m watching both of those companies (Legend and Stonegate) and would like to someday throw some money directly into a pure phosphate play… The reading I have done legend leads me to believe they are going to become a full blow fertilizer company. Anyone have a take on that? Look forward to more phosphate knowledge from our Gumshoe guru! Thanks for a great resource Travis.