Legend Mining's (ASX:LEG) managing director Mark Wilson has sent a message to investors by buying 10 million shares on market.
Between the 10th and 16th July 2014 Wilson spent $75,204, for an average entry price of $0.0075 a share.
This increased his indirect interest through Chester Nominees WA Pty Ltd (MW Wilson Super Fund A/C).
Wilson now holds an indirect stake of 55 million shares and 55 million unlisted options exercisable at $0.04 expiring 04/02/2015.
Legend in the Fraser Range
Earlier in the month Legend revealed another seven priority targets on tenement E28/2342 in the Fraser Range, Western Australia.
The targets were identified through the interpretation of aeromagnetic data from a survey flown earlier this year.
Magnetic characteristics of magnetic intrusive bodies are present, and several targets display similarities to that of Sirius Resources' (ASX:SIR) Nova deposit.
Well-funded
In June, Legend completed the sale of its Ngovayang Iron Project in Cameroon to a subsidiary of Jindal Steel and Power.
Completion of the contract is scheduled to take place this month.
The sale will leave Legend with a robust bank balance by adding $17.5 million in three tranches, boosting its already healthy cash reserves of over $3.5 million.
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $20.40M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.7¢ | $6.053K | 864.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 7374731 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 2411129 | 9 |
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| Last trade - 16.10pm 08/08/2025 (20 minute delay) ? |
| LEG (ASX) Chart |