I have been watching LEG for a little while and trying to...

I have been watching LEG for a little while and trying to understand what it is about.

No offence meant with the following if I am off the mark.

LEG has three Directors only, one being the Managing Director.

They are focussed on 4 projects at the same time.

They have 1.6 billion shares on issue, a further 200m options (at 4c) and 800m Performance options at no cost subject to the confirmation of certain amounts of iron ore, including DSO, being found.

So that would take them to 2.6 billion shares.

They have about $14 million in cash and shares.

The Cameroon project is divided into at least two parts, separated by quite a distance.

They have been drilling with a "man portable drilling rig" which not surprisingly had to stop work when it started to rain. Sensibly they have just bought a couple of bulldozers and afew 4WDs.

It seems to me to go much further they will need to undetake a major capital raising and at 3 or 4 cents per share I can imagine another billion or so shares going onto the register.

Does this not have all the signs of the current management simply trying to ramp up the value a bit with some tentative geological results so that they can sell out and make a quick quid??