LEG 9.09% 1.2¢ legend mining limited

Ann: Rockford Seismic Programmes Progress at Mawson and Octagonal, page-47

  1. 123 Posts.
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    Agree with the general sentiment shared here that bringing in Oliver Kiddie was wasteful as he has not delivered any notable outcomes. Derek Waterfield had done good enough job until then without OK. I cannot but think it was done at Mark Creasy's recommendation given OK has worked with MC before.

    Mark Wilson's latest commentary says that the results from the 5 diamond drill holes were 'as expected' per the seismic data. In which case the seismic data must have predicted there is no mother load under Mawson! I am not sure if that is what the seismic survey announcement said few months ago. If that is the case why drill 5 holes under Mawson? Communication coming out of LEG and MW has been patchy and ambiguous at best.

    Having said that while the SP has plummeted, no of shares traded yesterday was approx 0.8% of the total issued. Parcel sizes are quite small. I have held these shares for quite some time and have a significant holding, and still accumulating. Based on risk and reward assessment, i am still hopeful LEG will deliver.
 
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