short term trading week starting - 15 oct, page-88

  1. 3,424 Posts.
    lightbulb Created with Sketch. 25
    Freehold , not sure if this fits all your requirements for entry but here goes
    Entry for stt list LEG [long]
    Leg has recently broken out from a 14 month down trend
    LEG has a floor aroud 1.5 but with a bit of interest we could move back to aroud 4
    It's inability to find DSO from its exploration activites in Cameroon has dissalussioned the market .Only finding magnetite with a higher capex to startup has not given the share price any short term prospects.
    However It's value is in it's good financial position and how they manage it, about 17 million dollars cash and shares[ 1.5 million sir shares]
    and they have moderate corporate expenses.
    There is also the creasy connection he holds 17%
    legend have recently advised via there announcment 11/10/12 they are actively seeking new opportunities in Western Australia . I think There is a possibility his investment in LEG
    could influence who gets to utilises his current exploration permits, of course so he is free carried.
 
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