Back in 2016 I asked the question if LEG was the best speculative play on the ASX.
Now in 2018 the company still has plenty of cash, has seen nickel prices move up strongly, has seen the EV theme gain momentum, has had positive and encouraging drilling results. LEG no longer speculative. Its been de-risked and looks even more attractive IMO. DYOR.
2016 Post
I've been observing plenty of resource companies in recent months and seeking audience debate on whether LEG is one of the better (best?) commodity exploring (now drilling) companies on the ASX. My logic revolves around; 1) Plenty of cash to explore/drill (many others running low - will need to capital raise), 2) LEG geographic presence looks good (understanding where other big Nickel discoveries have been made), 3) Management are cost conscious (not wasting money, burning cash), 4) Mark Creasy has aligned interests in discovering and developing, 5) Timing of possible production (assuming sufficient resources are found) should co-incide with an improving base metal commodity market. Investing in explorers comes with risk and speculation, but I feel LEG offers a de-risked investment opportunity. Plenty of hot money seems to be going into gold, lithium/graphite ... any of these companies tick all the investment boxes?
LEG Price at posting:
3.2¢ Sentiment: Buy Disclosure: Held
