Legendary Inv. Share Discussion Threads

[professor pettigrew] 16/5/2017 15:30

Many thanks for that howdlep, very informative.

[howdlep] 16/5/2017 15:20

Indeed which is why LEG maybe increasing their stake ahead of rig delivery news. Note, the top four shareholders in AMED hold 81% of the shares, so when news arrives, the share price will move incredibly quickly.

FYI here is a Beaufort pdf highlighting LEG's investment in AMED, although you can look at the official RNS dated 28/1/13.

As stated earlier, there is no requirement for LEG to notify the market until > 3%. However, I always think it desirable to keep shareholders informed where their money is being invested.

[professor pettigrew] 16/5/2017 15:09

Thanks for that howdlep. From your figures then, we are holding our AMED shares currently at a loss, but that may not necessarily always be the case.

We are due an RNS soon in any case, because our other holdings haven't reported anything for some time, and we are due updates from VS in any case.

[howdlep] 16/5/2017 14:54

Gottopickapocketortwo14 May '17 - 22:11 - 6989 of 7002

It is interesting about the £32,000 paid to someone for the warrants and then very quickly £32,000 worth of Amedeo resources bought at above the ask - nudge nudge wink wink.

-----

Further to the above post:-

It is interesting to note that Legendary Investments (LEG) purchased 19,230,769 shares in Creon Resources PLC (now Amedeo Resources) on 28 January 2013, for a sum of £125k (0.7%). This equates to 192,307 shares, post AMED's 100:1 consolidation.

On 28 April 2017, LEG notified the market that 32,272,727 warrants had been exercised by certain individuals, raising £32,727 for the company.

What is interesting, is that on 10 May 2017, 119,693 AMED shares were bought @ 26.5p each, for a total consideration of £31,718. This was circa a 15% premium to the then share price in AMED.

Now Zafar Karim is the Executive Chairman of Legendary Investments and an Executive Director of Amedeo Resources.

So are LEG stake building in AMED ahead of rig delivery news, or is this just a coincidence?

If so, one would expect an RNS from LEG confirming the purchase of AMED shares shortly. However, as their interest would not be notifiable (ie greater than 3%), there is no need for a disclosure RNS.

Either way, the premium purchase is a very clear indication of confidence in the future direction of Amedeo Resources.

I have a considerable holding in AMED.

[professor pettigrew] 16/5/2017 14:26

It might be of interest if this were the Greatland Gold thread, but it's LEG.

So, it's of no interest at all.

[wisteria2] 16/5/2017 13:29

Might be of interest....


Greatland Gold PLC Agreement Reached on Ernest Giles Project

16/05/2017 7:36am

UK Regulatory (RNS & others)



Greatland Gold (LSE:GGP)
Intraday Stock Chart

Today : Tuesday 16 May 2017
Click Here for more Greatland Gold Charts.
TIDMGGP

RNS Number : 2336F

Greatland Gold PLC

16 May 2017

16 May 2017

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).

Greatland Gold plc

("Greatland" or "the Company")

Agreement Reached on Ernest Giles Project

Greatland Gold plc (LON:GGP), the London Stock Exchange AIM listed precious and base metals exploration and development company, is pleased to announce that it has entered into an agreement with Newmont Exploration Pty Ltd ("Newmont"), a subsidiary of Newmont Mining Corporation (NYSE:NEM), one of the world's largest gold producers, with respect to Greatland's 100% owned Ernest Giles gold project.

Highlights

-- Newmont is granted access to Greatland's Ernest Giles project tenements and exploration database for a period of six months;

-- Additionally, Newmont is granted a right of first refusal should Greatland wish to sell or joint venture the Ernest Giles project during that six month period

[professor pettigrew] 16/5/2017 13:28

Nice one sam, well done.

All coming into place here, slowly but surely.

[kemorkid] 16/5/2017 13:03

Well done Sam.
Hope they make you loads of dosh.

Nice info from pet lover.
Again thanks for sharing.

KK

[sam the man1] 16/5/2017 12:49

1,093,752 is my buy @ 0.2011p after dealing charge 🍉

[professor pettigrew] 16/5/2017 12:32

Good stuff pet lover. This will only pave the way for "The Edge" to be implemented sooner rather than later. The pressure is more acute on the NHS now to save money, and the quicker it's rolled out the better for all concerned.

Thanks for the info.

[pet lover] 16/5/2017 12:01

Investors will like this news.

[professor pettigrew] 16/5/2017 11:03

Lol sam. All good fun.

See the mm's dropped the offer to 0.19p and bought in some buyers. I still have a strong gut feeling we are pretty near a positive announcement.

[professor pettigrew] 16/5/2017 07:19

Good morning all, and a good day to all genuine holders.

[professor pettigrew] 15/5/2017 07:55

Good morning all, back from a rather damp but beautiful Galway.

Superb country.

Looking forward to some news this week methinks, good luck to all genuine holders.

[gottopickapocketortwo] 14/5/2017 22:12

Pure coincidence I suppose ;-()

[gottopickapocketortwo] 14/5/2017 22:11

It is interesting about the £32,000 paid to someone for the warrants and then very quickly £32,000 worth of Amedeo resources bought at above the ask - nudge nudge wink wink.

[professor pettigrew] 14/5/2017 18:57

Definitely news this week.

[kemorkid] 13/5/2017 22:45

Enjoy Galway Prof
And the black stuff!!!

[professor pettigrew] 13/5/2017 12:46

Just interrupting my break in a very rainy Galway for a moment.

I think the cyber attack yesterday was ironically bullish for VS, and therefore LEG. It's now obvious that a lot of NHS trusts are using outdated operating systems, such as Windows 98 and Windows XP, which is why they were vulnerable to attack.

They will now have to upgrade their systems to the newest possible at yet more expense, This will mean an even bigger strain on the NHS and make it more imperative to save money at every juncture.

Obviously VS are using the most modern systems, so I would imagine that this episode has taught the NHS a lesson, and the implementation of "The Edge" will now gain more priority and it will be up and running sooner than we first thought.

Off to the local now for a few pints of the black stuff.

[professor pettigrew] 12/5/2017 07:59

Good morning, good luck to all genuine (and patient) holders, and a good weekend to all.

I'm off to Ireland until Sunday evening, so best wishes to all here.

[professor pettigrew] 11/5/2017 16:33

Well, it took 12 sales totalling over 6m to finally tick the share price down.

But, no big deal. The impatient will continue to sell, the patient will continue to accumulate, and the patient will win out in the end.

[professor pettigrew] 11/5/2017 12:41

I hesitate to mention it, because usually once said, then it all goes wrong.

But, so far, the MM's are holding the bid despite 3.5m of sales.

A large buy order being worked in the background maybe, and reported late?