LEG 0.00% 1.1¢ legend mining limited

Ann: Diamond and Aircore Assay Results Received from Mawson, page-9

  1. 6,236 Posts.
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    I agree. LEGs market cap was always bewildering even before they hit the first pod of mineralization, from memory it was $200 mill back then with only a few aircore type results with low Ni values. And that market cap persisted for a few years which I could never get my head around. The only factor I could see was Creasy having a shareholding, which injected some hopeful optimism. I have traded the stock a few times, but presently not in when I sensed some lack of continuity in the massive -type mineralization and they seemed to be drilling with a southern focus, then switched to a northern focus, now north east. They may yet hit the bonanza load somewhere, but the market cap presently seems hugely disproportionate to what they have discovered to date ( compared to similar peers), but then it always has. An enigma wrapped in a mystery so to speak. Todays assay results I would not classify as outstanding.
 
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