Ann: Diggers and Dealers Conference Presentation, page-49

"It's a painful company to hold over a long period"

A four bagger over one year, a 16 bagger over five. How painful can that be? Even if you bought at the high 7c ten years ago you had plenty of opportunity to average down. In the literature for 100 baggers, patience is cited as the most important quality of those who achieve it. I hope Legend will be a hundred-bagger for me.

If you and bogun want to find companies whose directors throw shareholder funds into random drill holes there's plenty out there, continually rattling the tin under shareholder's noses.

I invested in Legend because it has the right owners, the right people, the right locality and (please note) the right chart of accounts. Fortunately, the management is not about to squander its position with some hot-headed haphazard drilling campaign.