Agoracom Blog

Legend International, Lead by Joseph Gutnick chosen as Mark Leibovits top pick of 2010.

Posted by AGORACOM at 11:30 AM on Tuesday, January 12th, 2010


A New Player in the Fertilizer Industry

Mark Leibovits uses a proprietary technical trading system known as volume reversal analyst; over time his buy and sell signals for the market have led to one of the top rankings among market timers — including being ranked timer of the year in 2006 by Timer Digest.

He also uses this system to highlight trades among individual stocks — such as his top pick for 2010: Legend International Holdings (LGDI).

Company Highlights

  • Legend: Developing its phosphate interests in the Georgina Basin, Queensland, Australia
  • Strategic alliance with Wengfu Group, for the development of its phosphate mine, a beneficiation plant and a phosphoric acid plant in the Mt Isa region, Queensland, Australia. Wengfu is one of the largest phosphate fertilizer producers in China, producing over 2.5 million tones of finished fertilizer products.
  • Planned production of 5 million tonnes of phosphate rock per annum by 2013.
  • Off-take agreement with India’s largest fertilizer enterprise IFFCO, a co-operative with over 50 million farmers associated with it and now a major shareholder.
  • Project fast tracked in Queensland Governments’ expedited mining projects
  • Transport Services Memorandum of Understanding signed with P&O Trans Australia in August, 2009.
  • Initial production of Direct Shipping Ore expected in 2010 from Paradise North
  • Exploration Permits Granted for Paradise South, considered the flagship project and core landholdings for future long term beneficiation project.
  • As of Sept 30,2009 the company had $78M AUD in the treasury
  • Major shareholders include: Renika Pty Ltd. 21.5% Atticus Capital 13.5%, Soros Funds Management 10.4% & IFFCO 15%

Click here to access the Legend International IR Hub

Legend International is a client of AGORACOM

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