First drill results seems to have come in a little below expectation, but enable the company to better understand their ground. The audio broadcast makes a good listen in this respect.
They appear to have plenty in the bank for now ($10 mill in cash and shares).
They have fallen 60% from their high of 10c and seem to have found a very strong base at this level (around 4c).
Volumes have stabalised and a bear trap forming in my opinion.
Seems like smart accumulation awaiting the next announcement. Not sure when this is due, but the last one came from left field, so.....
LEG Price at posting:
4.1¢ Sentiment: ST Buy Disclosure: Held
