Transformational news from any one of 7 different investments held by Legendary. My money is on VirtualStock being floated mid-2014. For the normally reserved management here to say that 'dramatic progress continues at VirtualStock' after its wins with Tesco, Morrisons and Office Depot is evidence enough of a whopping increase in investment value. And to add that during the 6 month period under review, substantial progress was made at key investments, and progress continued at all core investments. Potential for value crystallisations and realisations are now in sight. Music to my ears; the risks are very limited but the upside 'substantial'. Well worth DYOR here. The shake-out by MMs on Friday to trigger stop-losses corrected very quickly and we now have loads of investors onboard at 0.15-0.16p so the strong rise should continue steadily with room to multiply several times from here and IMHO reach 1p a share by the mid to end year given prospects. That could be realised a lot quicker with news from any of the seven holdings. Nice spread-risk leveraged share here; loads going for it. Tight management, incentive based pay structure and savvy investment purchases in early stage projects with potential - Nice.
For a couple cashed-up junior explorers, there was some deal making: Radius Gold - which reported about C$12 million in cash/short term investments back in September - struck an option to earn 51-percent interest on a Medgold Portugese asset, which one is a decision yet to be made. On its website Medgold lists two projects with fairly extensive gold anomalies. At Boticas there have been some fairly broad gold intercepts in drilling with best hits in the 10- to 20-metre range grading between 2 to 3 g/t gold within 150 metres of surface in a 600 metre long gold anomaly. And at Villa de Rei, a separate project, Medgold reports numerous high grade gold samples at surface in a handful of gold anomalies..............
Excellent day overall - sparkling prospects going forward! MMs dropped the price 25% early trading to knock out all the stop-losses then we bounced up to 16/18 before settling at a nice steady level for the next leg up to 0.2p. Lots and lots of new investors on board today at prices from 0.15 to 0.174 so onward and upward next week. Lets have a tasty little VirtualStock RNS on Monday please :))))
Whoohoo! We have 19 million shares in Amedeo [AMED] and they are soaring too! Up 12% today. Everything in the LEG basket is starting to move quickly north - magic, pure magic. Not a share to be out of - especially over the weekend. DYOR [please] and realise what a super little share this is.
As reported in the 2013 Annual Report, Manas Minerals LLC owns the Padsha Ata Licence to mine for coal in Jalal-Abad, Kyrgystan. Soviet surveys suggest that the region contains 182 million tonnes of coal reserves of which 116 million is of coking coal quality. Results from Wardell Armstrong studies suggest that the coal formation is more intense and that the value of the coal is estimated at over US$15bn (US$85 per tonne). Various discussions are underway to progress this investment. Medgold Resources Corp. continues to make progress having expanded its portfolio of permits and defined exploration targets. Sula Iron and Gold plc also continues to make progress having confirmed significant iron prospectivity in Sierra Leone. The Company has a small interest in Regency Mines plc; however it is not a core holding. [December 2013]
Significant progress continues at Amedeo Resources (previously Creon Resources). In April 2013, Amedeo, invested in MGR Resources PTE Ltd, a wholesale trader of ferrous metals and ore. Progress at MGR has been rapid, and the business made a substantial dividend payment to Amedeo in late July 2013. Progress also continued at Jiangsu Yangzijiang Offshore Engineering ("YZJOE") with steel being struck in August on YZJOE's first rig order. In addition, wharf and slipway building commenced at YZJOE's new rig yard and is on schedule to be competed mid to late next year. Amedeo has the potential to become rapidly a large and valuable company. [December int 2013]
Significant progress continues at Bosques Energeticos EBE S.A. de C.V. as the company continued to build on its sound knowledge and knowhow base. During the period it developed generation two elite Pongamia, which as announced in in November 2013 (post the period end) is flowering and exhibiting seed pods in under two years. In addition, generation four Jatropha was developed which is edible and yields seeds in as early as six months. Bosques believes that it is the first company to develop such plants. Through its research, development and innovation-based approach, Bosques has built up significant value. Legendary is assisting Bosques in conversations with a number of parties to develop its business further. [December 2013 int]
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.