LEG 7.69% 1.4¢ legend mining limited

forthcoming apex distribution , page-32

  1. 1,486 Posts.
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    Soor Sambo...............I meant the overall trend for the last few months has been for the LEG shareprice to reflect the Apex shareprice in the proportion outlined for the share distribution.

    Since mid August the Leg share price has risen just under 2 cents. In the same period the Apex share price has risen by around 60 cents. Given the current ratio of about 1 for 35 outlined for the distribution, I don't believe investors/traders/punters are seeing any extra value in Legend Mining itself.

    This should be of some concern to directors and shareholders alike. We desperately need some news that will allow LEG to stand alone once the distribution has taken place. Potential is not enough, especially in an overheated market that is due for some sort of correction.

 
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