LGM 3.77% 27.5¢ legacy minerals holdings limited

Drake looks good. This Legacy mob seem to be doing the district...

  1. 152 Posts.
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    Drake looks good.

    This Legacy mob seem to be doing the district level stuff right without doing the whole.. just turning around and burning cash checking the whole tenement area beyond points of focus. In other words they logically incrementally partner with someone if need be. Reducing exploration costs. If they put a CR to the market at any stage, it may seem to have more reasoning behind it. Contrast this to the usual 'we're back, for more cash on X concentrated project'. Neither.. is it a case of irrational diversification they're doing.. I like this sweet spot data focus.

    That is my impression after the quick skim of the company I did after reading the quarterly cash flow. I just took the offer at 0.175 after the open and bought a small slither, might be a long term trade. Adding while it goes up, which I rarely, but should, do.
 
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