Legendary Inv. Share Discussion Threads

[gottopickapocketortwo] 14/12/2016 10:46

Our amd stake doing well

[brian boru] 14/12/2016 10:30

Morning Prof, a good write up but would be even better coming from an independent remember that beaufort are the house broker - could they mean that further increases in value are in the pipeline,,,,,,,,possibly their extensive interaction could mean floatation of VS?

"Beaufort sees scope for this figure to rise yet further and will confirm this outcome following further extensive interaction with Virtualstock Board"

[professor pettigrew] 14/12/2016 08:40

Morning all. Thanks for that cpap man.

Expecting us to move up during the day.

[cpap man] 14/12/2016 08:07

Legendary Investments (LEG.L, 0.23p) – Speculative Buy

Legendary Investments provided an update on its Kyrgyzstan gold investment Sultan Sary. Legendary has 5% and an option to increase its share to c.10% in Manas Resources which has both exploration and mining rights over Sultan Sary. The update concerns results from geophysics shot during the summer. It shows resistivity and chargeability anomalies which look to be on the same trend as neighbouring gold mines. The main Sultan Sary anomaly extends for 1.4km in a WNW direction and is a prime drill target. Mamas/Sultan Sary is not Legendary's most valuable investment and is early stage. However, its location in a historical gold producing region and the WNW trending structures picked out by geophysics means it has the potential to be a significant gold deposit. We look forward to further work programme updates and a drilling decision.

Our view: This positive news together with Beaufort’s detailed review of the group's investment in Virtualstock, considers its exceptional progress against which it was awarded a significant upward revision to £176m last month. Beaufort sees scope for this figure to rise yet further and will confirm this outcome following further extensive interaction with Virtualstock Board and in the meantime reaffirms its Speculative Buy recommendation on Legendary investments with a target price of 0.5p/share.

[kemorkid] 13/12/2016 17:24

Need sustained news now.
Maybe a wee update on VS would be nice.

KK

[ride the wave 1] 13/12/2016 14:59

LOL 😂

[professor pettigrew] 13/12/2016 14:46

I think we'll see 20,000 on the Dow this week, and then a move towards 21,000 by the year end.

Then reality will set in, and investors will fear the wave of inflation that's on it's way.

That's when you'll see gold begin to take off again.

[professor pettigrew] 13/12/2016 14:42

Jolly well called cpap man.

New highs for LEG next year? Maybe the 1p is scheduled for then!

[cpap man] 13/12/2016 14:13

Zafar Karim, Executive Chairman of Legendary comments: "We are delighted that the geophysics supports our belief that the gold-rich structural corridor continues across the tenement border onto the Manas Resources license area, and has identified such strong targets. The next stage is to drill testing these very promising targets in 2017".

[ride the wave 1] 13/12/2016 14:11

11.74% up and rising fast .

[cpap man] 13/12/2016 14:03

Gold-Futures Selling Exhausting

Gold has suffered brutal, withering selling pressure in the month following the US presidential election. The stock markets’ surprise surge after Trump’s surprise win has led speculators and investors alike to rush for the gold exits. As usual the former group’s extreme selling came largely through gold futures. But this gold-futures dumping has been so severe that it is rapidly exhausting itself, a bullish omen for gold.

Gold’s stunning post-election selloff resulted from a united mass exodus by gold’s two dominant groups of traders. Speculators ferociously dumped gold futures with an intensity rarely witnessed, while stock investors jettisoned shares in the leading GLD gold ETF far faster than gold itself was falling. With so much gold being spewed into the markets so rapidly, this metal didn’t have a chance of staying on its feet.

Gold futures had actually skyrocketed on election night, up 4.8% to $1337 as Trump’s perceived odds of winning started to soar. But once the plummeting stock markets rebounded violently, the gold selling began. And it soon intensified after the election. Not only did stock markets shockingly surge to new all-time record highs, but the US Dollar Index blasted up to a major new 13.7-year secular high of its own.

Gold has always been a contrarian anti-stock trade. As a rare asset that moves counter to stocks, gold’s critical investment demand is heavily dependent on stock-market fortunes. Investors alternatively flock to gold to diversify their stock-heavy portfolios when stock markets fall, and then abandon it as stocks soar again. The exceedingly-strong post-election stock markets swiftly slayed gold investment demand.

Record stock-market highs breed extreme euphoria and complacency. Traders naturally start to believe stocks do nothing but rally indefinitely. Thus their interest in deploying capital in counter-moving gold fades to oblivion. And since investment demand fueled the great lion’s share.

of gold’s new bull market this year, this metal couldn’t stand without it. Gold’s recent cratering resulted from euphoric stock sentiment.

While speculators’ extreme gold-futures selling and investors’ extreme GLD-share selling over the past month share the blame, that’s too much to cover in a single essay. So this week I’m focusing on the gold-futures side. While the massive post-election gold-futures dump was miserably painful, it looks to be exhausting itself which is very bullish. The finite supply of gold futures to sell is rapidly dwindling.....

[cpap man] 13/12/2016 13:59

cpap man5 Dec '16 - 12:10 - 5708 of 5735
“There’s gold in them thar hills” and “there’s millions in it.”

Professor Pettigrew5 Dec '16 - 16:40 - 5709 of 5735
Aren't results due from VS soon?

cpap man5 Dec '16 - 17:10 - 5710 of 5735
Yes P P but reckon on GOLD prior.

[ride the wave 1] 13/12/2016 13:57

Nice !!

All systems go at area 3 .

I fancy this will do well from here onwards . We should reach a much higher share price over the next 3/6 months (just like last year).

GLA

[philmiboots] 13/12/2016 13:56

Is there gold in them thar hills then?

ps 1 ton of gold worth about $34mill (before extraction costs, etc.)

[professor pettigrew] 13/12/2016 08:01

Morning all. Here's looking positively forward here to VS news and other updates.

[tini5] 12/12/2016 11:30

Sigh - more urine extraction on the share price

[brian boru] 12/12/2016 10:09

Morning Prof - should have news on gold investment before year end as wall as VS accounts, onward and upward!

[professor pettigrew] 12/12/2016 09:33

Morning all.

Pretty slow going here this morning, but one day nearer some news at least.

Onwards and sideways.

[professor pettigrew] 09/12/2016 07:53

Good morning all.

Away again for the weekend a bit later today. Have a good one all, onwards and upwards.

PP

[midmorningmatters] 08/12/2016 13:40

Bazzerhino here from lse. Climate/rtw1 I and many others would like to see you share your research and enthusiasm for leg. For those who don't know, VS accounts due to be filed by 31st Dec 2016

[kemorkid] 08/12/2016 09:00

Would be nice prof.
Come on uncle Zaffy

[professor pettigrew] 08/12/2016 08:13

Morning all.

Onwards and upwards. News from VS soon I believe.