LEG 8.33% 1.1¢ legend mining limited

something doesnt smell right to me, page-60

  1. 1,383 Posts.
    re: something doesnt smell right to me ... continu Have you not understood a single thing Gerry. Or the rest of you?

    Abelle has done a BACKDOOR FLOAT of the mine through the LEG shell which was otherwise worthless. They have done this because they knew that if they tried a direct float the market would not be particularly interested. By doing it through LEG instead of the normal way, they were able to pass it off as a coup by LEG and access large quantities of public funds.

    This is audacious, legal but fairly dodgy. As such, everything else ABX/LEG do comes under scrutiny. Especially suddenly pulling suspicious new intersections out of a hat within a few months.

    Any company that sells an asset for cash and ends up with a paper asset worth more than they started with has got to be very closely examined.




 
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