LEG - Legend Mining

[skin]

I'm finding it hard to work out the expected share price when it 's trading "normal" tomorrow. Can anyone guide me - does the buys and sells tend towards good or bad news?
It can be so tricky with people putting in "dummy" bids.

[el_ninj0]

The announcement this morning reporting continuation of drilling at Gigdee seems to have been met with apathy i think. Small high at the beginning of the day, but a drop later on, leaving it at .5 of a cent down from the previous days close.

It may possibly be news for the market to respond to tommorow, once the rest of the market picks back up from todays slump.

[Mr_GQ]

Any thoughts on this one, large vol today, good announcements but dropped 2c today????

[Kauri]

I think the recent action has more to do with the POG but you never know, I am watching closely, she acted in a similar way in March earlier this year. ;)

[Kauri]

I think the recent action has more to do with the POG but you never know, I am watching closely, she acted in a similar way in March earlier this year. ;)

Mmmm...put on another 10% odd today ;) ;)

[keepitreal]

maybe the gold fever is finnaly catching up to it..

does anyone know much about this share?

[Kauri]

A :D bit of a late run today.....

[yogi-in-oz]

:)

Hi folks,

This week has taken a little longer to decide
(must be that Mercury retrograde stuff),
but it has come down to showing a bit of LEG ... :)

http://www.ttrader.com/mycharts/display.php?p=39030&u=yogi_in_oz&a=Starcode%20Traders&id=674


Let's hope this LEG can gather a little strength this week, to confirm the double-bottom, with November 2004 lows .....

happy days

yogi

P.S. .....FWIW, another lesser-known stock in MPA, will
also be worth monitoring this week.

:)

[yogi-in-oz]

:)

Hi folks,

LEG ..... ticking up nicely now, with good
supporting volume ..... :)

happy days

yogi

:)

[bizmark]

Hello everyone :)

The Bizmark cruiser needed $10000 worth of fuel for the maiden voyage to the islands of Leg. Fuel for the journey was purchased at 5.2 and now the vessel is steaming ahead for the islands. Big swells are expected along the way, also forecasting periods of flat calm which will allow our crew to prepare hooks and lines for short fishing trips during the journey. The captain has informed the crew to look out for a suspect Cray float by the name of Toro which is located about 1400 miles straight ahead. Once found the float will be hauled in and checked for numbers of swarming crayfish in its pots. We plan to exploit any bounty found along the way. The crew of the Bizmark would like to warmly thank Yogi for his accurate constellations, work with the stars and for locating the bountiful islands of Leg.

Roger, roger mateys :bowser:

[MAPfan]

Creazy in for 10 mil
Somethings about to explode? could be, its primed anyway and cheap...any thoughts out there

[BSD]

Forget about the 10 bars - what about the headline?

Anybody else ever seen the term "PUMP" in an ASX announcement headline?

Who runs this show?

Singo?

[bizmark]

G'day BSD ;)

I'm just curious where you found the word pump in the headline. Maybe I need my eyes checked!

It looks like Legend will explore their regions pretty hard now and hopefully find something major. I checked their website and at Gidgee they have;

*650,000 tonne per annum mill and gold processing plant,
*camp equipped to accommodate 120 employees and contractors,
*serviceable airstrip,
*established water supply.

"Legend's principal objective is to discover a +1 million tonne oxide gold orebody within 40 kilometres of the Gidgee mill. This would bring some of the existing resource into play as blended, incremental high-grade mill feed."

http://www.legendmining.com.au/

Have a great week everyone!

:rolleyes:

[bizmark]

Hi BSD,

I found it "CREASY TO PUMP 10 MILLION OF FRESH EQUITY INTO LEGEND"

I like the sound of fresh equity :nuts:

[MAPfan]

Just a note of caution I read Creasy took over leg at 4 cents per share when they were trading at 25cents...leg needed him so he got in for a bargain

but on the otherhand he has a great track record finding gold and he has the capital

[bizmark]

Looks like LEG has broken out of its bullish flag, it looks like the downtrend has turned around with both the long term and short term GMMA pointing up. Just waiting for the long term GMMA to compress to get more of a solid confirmation of trend! Not worried too much about the FA when a stop loss is in place.

http://i3.photobucket.com/albums/y64/cavingkangaroo/leg_ax16sep05_to_21mar06.png

[corporal]

G'day all, my first post on this website,

I have just picked up LEG mainly on the back of the directors picking up a large number of them (around 10,000,000) last week and the fact that they are due for some drilling reports soon.

I don't know much about charts but would be interested if anyone else share my optimism in this stock going for a bit of a run soon?

[Joe Blow]

Corporal, I moved your post on LEG from the Outstanding Breakouts thread to the LEG thread as it does not currently qualify as having broken out.

[maverick11]

anyone know anything? Up heaps with massive volume today and no announcement. Insiders?? Perhaps an ann imminent?

[2020hindsight]

anyone know anything? Up heaps with massive volume today and no announcement. Insiders?? Perhaps an ann imminent?
all I know is that I got out at 0.048 lol - only yesterday. (having made 15% in a week) - today 0.058 - whats that, 20 bludy percent - in a day - Thought i was sooo smart too;) - ahhh but this ASX sure knocks the stuffin out of you ...rooster one day, feather duster the next as they say . (maybe the ole gold fever? - irrespective?)
quote :- Henry David Thoreau: That man is richest whose pleasures are cheapest.... thanks henry I needed that like a hole in the head ;)

[pharaoh]

2020, i bought mox yest at 57.7, got out at 75 today, thinking i was sooooo smart too :banghead:

I got back in and out 5 more times today mind you, but still, would have been comparable and easier profits with patience i guess

But, take your profits, and who knows whats coming up

[2020hindsight]

2020, i bought mox yest at 57.7, got out at 75 today, thinking i was sooooo smart too :banghead:
MOX!! MOX!! dont tell me about mox mate - stocky suggested that this morning on the "outstanding breakouts" - you think i got any - course not, i'm too bludy busy at work arent I... andthey only went up what 86%??
pharoah - you poor bugga - you have such problems lol.
If only every day was like this ;) and I used to get excited when i won $5 at the craps table lol.

[StockyBailx]

hA Ha, New territory!:p:

[StockyBailx]

hA Ha, New territory!:p:
My sencere apolagies to 2020 Insight. I hope he had brought back into this one and got his money back! I quess if you can read into your own and its a sure thing on your own account, then they are worth your upmost respect. :eek: :cool:

Its seems this one has still got the legs on it to be had. A bit of a legend after all.:sly:

[2020hindsight]

2020... I hope he had brought back into this one and got his money back!
Stocky, Thanks for the graph - Now I can see where I went wrong lol. In the words of us classic chartists its the ole "kid scribbling on the wall and the crayon slips" type behaviour!

Heres where you have to be philosophical.
I was going to assume it continued that ole sine wave.
Got in at 0.42 Monday 2 Oct, I made 14 (odd)% in a week and got out
next day it went up 20% in a day
since then a further 15% (all compound percentages)
So ... Do I winge about the fact that I only made 15% when I shouldve made
60% (simple percentage). Or do I thank Buddha that I didnt lose ?

Sometimes I think Buddha is getting deaf - I really have trouble hearing him when I ask these questions! ..Ahh he who takes his profit and runs away returns to come back in another day ;)

(PS LEG stepping up exploration inWA - announced 5 Oct as I recall) That's what's called "a jag" mate - not an Etype, the fishing with only a lure type lol.

PS IF I had time to sit and wtach the movements of market depth etc , I would probably sell AFTER the first hint of downward movt. But when you can't do that you toss a bludy coin and get back to work.

PS I notice Im even giving you a run for yr money on the tipping comp - ;)which just goes to prove that theory about the monkey throwing darts at the New York Times lol.

PS OR I guess you could do what Pharoah did and go in and out 5 times in the one day - sheesh if only ;)
__________
Disclaimer - This is NOT an intentional attempt to ramp up my LEG. Or anyone elses LEG for that matter - Or to get my LEG over some goal or hurdle.

[StockyBailx]

Stocky, Thanks for the graph - Now I can see where I went wrong lol. In the words of us classic chartists its the ole

Geer Up!:) I could never do what pharoh did. Although I must admit when your on a good thing and you lose it, in the heat of the moment. Things become a litttle hectic, you lose control and faith in yourself. Its all in the attatude. Don,t daytrade if you havn't got the money.

If you start to do the day daytrade seen in order for the quick bucks, thats all good. But if you start Buying and selling the same trade, then Stop right there take breather. and a good look at your self and exactly what you are hooking up with, because as the saying go's 'there are prenty of fish in the sea'.

GPO, Gps Online is a good e.g. As you seem to have a good charactor referance, so do the stocks. Buy using Bollingerer Bands, and all your present values is a good way to judge a stocks charactor. Aspecially after studing and comparing all your different stocks and there trends.

We all like to go fishing and throw our 2bob in water to see what we can catch. And I guess you must be in right spot at right time and of course your navigation and patients is of the upmaost importance.

When your bringing them in always best to play your catch get a feel of the bugger and most certianly don't jag him in, your line will snap. Then what do you know, you end losing a big groper, or worst still a kingie. Then before to long there goes the boat and then the sheep station.

And I most ceriantly wouldn't sell because of a little downward preasure. I mean you must respect to get respect in return. I also notice you like to wink your stocks away, To me thats denile and I would rather be unhappy.

Anyway keep up the good work and all the best.

[tech/a]

Nice breakout late in the day.

Picked up at .09c

Cant see a thread on this?

[canaussieuck]

I got stopped out on this the other day, cancelled another order yesterday after I had doubts, definitely worth a look tomorrow with another tight stop just under .078, sound ok to you Tech? I didn't see it today as the volume and increase were just under my radar (mrkt activity).

Another cup and handle, these things are very powerful patterns indeed!

Cheers,

[tech/a]

canaussieuck

Sounds fine but for me the stop is a bit wide.I would want to see this just go on with it.
My analysis has this at 10.5c to 11.0 for this current move,depending on which analysis you use.

(Triangle,Fib extension,Elliot). Gives an idea anyway.

[Porper]

canaussieuck

Sounds fine but for me the stop is a bit wide.I would want to see this just go on with it.
My analysis has this at 10.5c to 11.0 for this current move,depending on which analysis you use.

(Triangle,Fib extension,Elliot). Gives an idea anyway.

Looks like a nice count, I get a wave 3 ending between 0.12 & 0.14 (162% of wave 1 brings us to 0.14 & 262% of wave 2 to 0.12.

I may see if it pans out and try and trade the wave 5 because risk/reward wouldn't be good with a stop at 0.075 (top of sub wave 1) which would invalidate the count.

It has good volume on the up days and low volume on the down days, never a bad sign.

[tech/a]

Porper.

My Elliot Skills are less than Perfect.Have studied it but only use the principles as an interest value really.Mean to spend the time becoming proficient.Watching guys like Radge which I know has spent years from scratch mastering the topic,has me envious of their abilities.
But their accuracy in postings tell me its worth the time and a great tool to be used in conjunction with (for me) price action.

[Porper]

Porper.

Watching guys like Radge which I know has spent years from scratch mastering the topic,has me envious of their abilities.
But their accuracy in postings tell me its worth the time and a great tool to be used in conjunction with (for me) price action.

I subscribe to the chartist, so get Nicks teachings every day on Elliot wave counts etc.Best thing I ever did, although I consider myself a novice still. I agree I think a lot of practice and study on Elliot wave and Fib levels gives an extra edge to us, at the very least it gives a valid reason to enter & exit a trade ( good for the psychological part of trading).

I think you need to believe in it in order to put the effort in to learn though, and enjoy it of course.

[tech/a]

Yeh Radge would love me as a student again!!!

Hmm Think I'll make his 2007!

I'll bring my Irish mate.

[kennas]

LEG and EMP both in trading halts at about the same time. Is there a connection? Interesting.

[new girl]

I love my broker :D

[nizar]

I love my broker :D

My broker loves me. I spent $600 on brokerage last week.

[kennas]

I love my broker :D
Do tell!

[new girl]

Do tell!

Can't, won't. besides a lady never tells :)

[new girl]

My broker loves me. I spent $600 on brokerage last week.

I have a cousin called Nizar, I wonder :)

[YOUNG_TRADER]

I love my broker :D

I love lamp

[new girl]

I love lamp

Adorable ;)

[trader]

Placement @ 8 cents to raise $5 million, thought actually a good price, don't
understand the need for a drop in share price. Have brought some more,
price will only go up from here.

[constable]

Placement @ 8 cents to raise $5 million, thought actually a good price, don't
understand the need for a drop in share price. Have brought some more,
price will only go up from here.
Yeah id have to agree, usually placements are at a serious discount but at 8 cents makes the current price (8.1 cents)look cheap! That was me taking out 8.3!!

[Dave31]

Yeah id have to agree, usually placements are at a serious discount but at 8 cents makes the current price (8.1 cents)look cheap! That was me taking out 8.3!!

Cheap now considering it opened at 9.2 yesterday and had pre-open offers up to 11c, and has been slowly dropping back to 8c ;)

[tomcat]

Anyone have any updates on LEG...notice it dropped off the pace today. Had a tip on this one a while back unfortunately missed the boat at 4c

[Dutchy3]

Hi All

Classic breakout in 200610 ... lovely big whites on heavy volume confirming the move ... UNTIL ... 20061206 now influencing and not a big white but black with volume ...

This shaddow now cast over price action since then ... 7.5 - 8.0 should hold ... not for me yet if can produce more big whites breaking into new air would be a hold.

[benwex]

I could not find a thread for this stock.

Its gone into a trading halt today, any one on this forum got any ideas???

thanks in advance :)

Benwex

[YoungGun]

This was my first ever foray into share trading - it has been nothing but a headache. I hold out for the day of breakeven.

If trend continues with this stock, management has only ever requested trading halts/suspensions when they have made a find they believe to be significant. However past results suggest what management believes has been significant, the market has never really agreed. As a holder of the stock I certainly hope they do have a small surprise in the pipeline (or should I say ground), but I wont (like times in the past) hold my breath.

I can’t see Legend's share price really kicking north until they identify more consistent and higher grade targets and then an eventual return to mining status.

[rico01]

Some body just mentioned this could be the stock to turn $9500 into$550,000:)
Well it just could be since oxiana have taken an interest in their tenement and now leg is being free carried to a bankable feasability study:rolleyes:
This is those who like to buy and hold

[popy]

Haven't heard much about this stock since oxiana news.Are there any announcements coming up. Has anyone heard any rumblings?? Do people rate the tenements they have?

[barney]

Haven't heard much about this stock since oxiana news.Are there any announcements coming up. Has anyone heard any rumblings?? Do people rate the tenements they have?


I could be wrong but get this incling that there may be something bubbling just under the surface with this one ............ Six days running of higher lows on smallish volume .......... There was some accumulation about a month ago at a slightly higher sp .......... They have some very interesting tenements and JV's ................ and owned by a multi-millionare ............... No-one seems to want to sell below.077 ............. Could be worth watching if the volume starts to increase .......... Cheers.

http://www.legendmining.com.au/

[barney]

I could be wrong but get this incling that there may be something bubbling just under the surface with this one ............ Six days running of higher lows on smallish volume .......... There was some accumulation about a month ago at a slightly higher sp .......... They have some very interesting tenements and JV's ................ and owned by a multi-millionare ............... No-one seems to want to sell below.077 ............. Could be worth watching if the volume starts to increase .......... Cheers.

http://www.legendmining.com.au/


Looks like my incling was justified .............. Anybody else jump on yesterday ..... Up 11% today on good volume ..... Cheers.

[doogie_goes_off]

As an FXR holder and watcher keen on geological fundamentals not charts I'd say it's justified. These EM conductors have the same character as known deposits in the area and represent good targets for moderate grade low tonnage deposits. The presence of a conducter does no necissarily = ore but the discreet blobs with a high probability of some success. Haven't read the "buy in agreement" on the FXR tenements nor looked at market cap for LEG but I can say it's a good geological result. Good luck to followers of LEG:)

[dubiousinfo]

Opies with a year to run are trading at a slight discount to the heads at the moment. Opies are exercisable at 4c up to 31/7/08 and currently trading at 4c while the heads are trading at 8.5c

[barney]

As an FXR holder and watcher keen on geological fundamentals not charts I'd say it's justified. These EM conductors have the same character as known deposits in the area and represent good targets for moderate grade low tonnage deposits. The presence of a conducter does no necissarily = ore but the discreet blobs with a high probability of some success. Haven't read the "buy in agreement" on the FXR tenements nor looked at market cap for LEG but I can say it's a good geological result. Good luck to followers of LEG:)

Hi Doogs, I had a look through their website a couple of days ago and liked what I saw. Assessing fundamentals is not my strong suit, but they seem to be mixing with the right people ............ JV's with Fox and Oxiana .......... and between them and Fox they have some serious amounts of acres around the Pilbara/Karratha area ........... A lot of shares on offer, but 67% owned by top 20 shareholders ..............

Link to website above for anyone interested ................ Brief presentation of their interests here for an overview ... http://www.legendmining.com.au/reports/ASX20070515_AGMPresentation.pdf


Over 5 million shares traded today ......... Looking interesting .... Cheers.

[rico01]

Opies with a year to run are trading at a slight discount to the heads at the moment. Opies are exercisable at 4c up to 31/7/08 and currently trading at 4c while the heads are trading at 8.5c

I spotted this too and picked up a large parcel of oppies@ 4.2c. With a year to run for the oppies there is almost no premium to pay. I also noticed early june a director buying 2 million shares on market when the share price dipped to 8 c.There also the interest OXR have taken in ther e tenements with legend being free carried to a bankable feasability study:)

[rico01]

Just came on boardroom radio , Comments by the ceo about the last vtem surveyhttp://www.brr.com.au/
LEG mining ltd jul 05 2007 12.30 pm

[rico01]

Had this dog for a while now
Butt!!!!


Today they've announced there iron ore potential in the pilbara, so could be one to watch :rolleyes:

[Standrew]

Another announcement out - looks good!

FIRST DRILLHOLE AT MT GIBSON INTERSECTS ZINC MINERALISATION
 30m zone with disseminated and banded sphalerite from 285m
 70cm interval containing massive sphalerite
Joint venture partner Oxiana Limited (ASX:OXR) has advised Legend Mining Limited (“Legend”) (ASX:LEG) of the completion of the first diamond drillhole (MGB001) at the Mt Gibson Project in Western Australia, see Figure 1. The drillhole intersected a broad 30m zone of disseminated and banded sphalerite (zinc sulphide mineral) from 285m downhole, including a 70cm interval containing massive sphalerite.

Legend Managing Director Mr Mark Wilson said “The joint venture partners are
encouraged by this zone of mineralisation in what is the first hole in this programme. The significance will not be fully understood until assays are received, the programme is completed and all results are put into context with the geological model. However this intercept is from a far shallower depth than previous mineralisation at the project”. MGB001 is part of a 5 hole 3,000m drilling programme targeting volcanic hosted massive sulphide mineralisation similar to that at Golden Grove located 100km to the north.

Hole MGA94 East MGA94 North Dip Azi (Mag) Depth
MGB001 517030m 6711455m -60o 110o 462.8m

Oxiana technical staff have provided Legend with geological information from the drillhole, which is summarised below.

“MGB001 intersected a 30m zone of disseminated and banded sphalerite from 285m, associated with feldspar-phyric rhyodacitic units intercalated with a cordierite, anthophyllite, amphibole, biotite and rare garnet altered basic unit. Mineralisation is predominantly pyrite+sphalerite±pyrrhotite hosted exclusively in the rhyodacitic units,with larger bands dominated by massive sphalerite.”
Mt Gibson JVOn 8 May 2007, Legend announced a Farm-In and Joint Venture Agreement with Oxiana Exploration Pty Ltd, a wholly-owned subsidiary of Oxiana Limited, over the Mt Gibson Project.

Under the terms of the agreement, Oxiana may earn a 75% interest in the project by funding $10 million of exploration within 7 years, with Legend 25% free-carried to completion of a bankable feasibility study and a decision to mine. Oxiana must spend $1.2 million within the first 18 months before having a right to withdraw.

[Trevoru]

Long time quiet on the back of recent Ann and increased SP - might be worth looking into further - Happy New Year
Cheers - TU

[absolute1]

massive price jumps over last 2 weeks went fomr 3 cents to a close of 7.1 cents looks interesting

[tech/a]

Chased it with a trailing stop and out at 9.3c Nice end to 2010
Click to expand


40563

[absolute1]

so far this morning its hit a high of 9.9 cents , now hovering around 8.4 / 8.5 cents nice 20 % increase

[Trevoru]

60% in past couple of days - would have been a very nice end to 2010 - if I was on.
TU. :banghead:

[thesnowyforest]

Holding since 5.1c a couple weeks back.
Fingers crossed for a massive 2011 for Legend Mining.

Lets hope the talk of this following in SDL footsteps comes true.

[Trevoru]

Ann out today of LOI between SDL and LEG to co-operate as far as rail and port infrastructure in Cameroon.
Only an "intent" to co-operate but all looks ans ounds good for both companies - that SDL are in front wit their development, this is great for LEG.
:)