Leyshon Energy22 Jan 2014 12:18
I think we will see a strong debut for LEL tomorrow.
Given that LEL will have $35million cash + the Zijinshan Gas Project + 2 new big shot directors I thing the sp will soon get bid up to well over 10p. Especially if the new directors are going to build a stake in the company.
LRL only has $3 million in cash and I would argue that the Zijinshan project is far more valuable than the Mount Layshon gold asset. So if LRL is trading around 2p then LEL should be well into double figures.