Leg invested in Bosques at an early stage in 2010 . They currently have 11 ha under cultivation with 16,000 pongamia trees, 20,0000 jatropha plants and 3,000 castor plants .
As a comparison ,Alternative fuels America inc is at a similar stage of development to Bosques . It is smaller than Bosques with 40,000 jatropha plants (no others) on a 10 ha plantation in costs Rica . Alternative fuels America is listed on the OTC market in the US and has a mkt cap of $9m .
With successful research and innovation , Bosques is now seeking to plant out a pilot plantation of a FEW thousand ha , with the aim of going to SEVERAL thousand in the medium term .
Legendarys investment at a very early stage cost £100k and led to a 40% stake . The alternative fuels America mkt cap suggests that legendarys stake in Bosques could be valued around $3.2m or £2.1m which is greater than legendarys mkt cap .
On a long term basis , if Bosques achieves its plans , legendarys stake could be extremely valuable (Nandan Cleantec plc - mkt cap £83m) .
Legendary Investment Investee Company Regency Mines retains 10.37% stake in Red Rock:
11 December 2013 Red Rock Resources plc Exploration Update - New exploration targets identified Migori Project, SW Kenya
Red Rock Resources Plc ("Red Rock" or the "Company"), the mining and exploration company with a producing gold mine in Colombia, an iron ore project in Greenland and gold exploration in Kenya, announces progress on the Migori Project in SW Kenya (JORC 2004-compliant Indicated and Inferred Mineral Resources: 1.2Moz Au @ 1.26g/t Au), a project where Red Rock owns, controls or has options over approximately 47.3% of Mid Migori Mining Company Ltd ("Mid Migori"), the owner of the 2 special prospecting licences ("SPLs") which the company operates. Upon completion of a Bankable Feasibility Study ("BFS"), Red Rock will hold over 75% attributable interest in Mid Migori. .....
Medgold to Acquire Klondike Gold's Portuguese Assets and Arranges $1.5 Million Financing
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 11, 2013) - Medgold Resources Corp. (TSX VENTURE:MED), the European focused gold exploration company, is pleased to announce that it has signed a Letter of Intent ("LOI") with Klondike Gold Corp ("Klondike") for the acquisition of 100% of its Portuguese assets which comprise five gold exploration permits covering 600 sq km in northern Portugal, primarily located along the Valongo Belt. The Company is also conducting a $1.5 million non-brokered private placement to primarily fund exploration activity. Both the acquisition and private placement are subject to TSX Venture Exchange approval.
If you think Virtualstock has cutting edge tech which is unique then LEG is your way in . VS has been working on this for 10 years and it seems like now is the perfect time to roll it out ,especially as Internet sales are increasing year on year . Tescos and Morrisons are not silly and understand that the edge (cloud based software) could/will transform the way that their online business is run .
In the broker note it says - we believe the potential in value will be realised with a legendary invested company floats on aim in 2014. Cloud tech based companies tend to be valued at many times revenue .
From our presentation on website we know that VS is in a innovative business in a high growth sector,revenue positive and is profit generating . It also says, potential valuations suggest that legendarys current (5%) might be worth more than legendarys mkt cap . (Dont forget we have option to raise our interest to 10%) .
The bod have options at 0.2p and 0.34p . I expect that they will receive them sooner rather than later especially as costs are kept to a minimum (£150k per year) .
VS is already profitable and has very high gross margins that are typical of cloud based companies . The recent announced contract win with Tescos is expected to more than double revenues , and with costs already covered , increase profits several fold .
Update on investee company Virtualstock Mon, 9th Dec 2013 12:19 RNS Number : 0532V Legendary Investments PLC 09 December 2013
9 December 2013
Legendary Investments Plc ("Legendary" or the "Company")
Investee Company Update: Virtualstock Limited live with Kiddicare.com Limited, part of WM Morrison Supermarkets PLC
Legendary Investments Plc, the proactive investment company, is delighted to announce that, pursuant to the contract announced on 4 December 2013, its investee company, Virtualstock Limited ("Virtualstock"), has integrated The Edge™ software solution and is now "live" with Kiddicare.com Limited, part of WM Morrison Supermarkets PLC.
Zafar Karim, Executive Chairman of Legendary, said:
"We are pleased that The Edge™ software solution has been integrated and is live in the run up to the Christmas holidays. The ability to integrate rapidly is a key feature of VirtualStock's solutions. It contrasts with often expensive and time consuming integrations associated with traditional IT solutions."
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