Nic, cheers for detaiiled reply. I agree with most of it. However, re ASL,LEI,EHL,MAH.... i rate them is terms of risk in that order... with ASL least risky. 35% is exc profit. Kicking myself for selling at around 1.80. But for me the key difference between LEI and ASL is that vast majority of ASL rev is from long boring annuity type contracts i.e. drill&blast, drill$blast ad infinitum. It means steady income, and with over 10 years in W.Africa there is exc upside potential. I'll watch LEI with interest and accept it always has a high PE. But currently still too expensive for me.
LEI Price at posting:
$31.19 Sentiment: None Disclosure: Not Held
