Regular readers of CEO.CA know, I am very bullish about Leagold Mining $LMC, the ex-Endeavour Mining team’s startup gold producer.
Leagold is the best setup I have seen in the mining business, and I was an advisor to Nexgen and Lithium X during their launches, as well as some duds, so I have some feel for this.
Leagold has a proven team, a substantial first producing asset, and a development project that is going to make management look very smart. The Bermejal Underground expansion is a low-risk way for Leagold to substantially grow production and lower costs. Once they get that going, I expect them to add other lucrative mines.
More importantly, the market appears to have no clue about Leagold’s value and potential. Peers with inferior assets have significantly larger valuations. I don’t see this continuing as Leagold publishes its first few quarters of results, and engages with the institutional investment community. There is always an education process with the market.
A few months ago, I was meeting with management at Leagold and volunteered my two cents about marketing. Given my conviction, I wanted to help them accelerate their vision to ‘buy and build’ a leading mid-tier gold producer that creates tremendous wealth for shareholders.
To be successful in their ‘buy and build’ strategy, Leagold may need to issue shares to acquire projects or raise money. Investors shouldn’t fear this as long as the deals are accretive (see Endeavour Mining). The higher the share price, the fewer the shares required to be issued to buy stuff, and the more of Leagold shareholders like me get to keep. Plus, the more diversified the company becomes, the bigger the premium it should warrant in the market. An accretive gold mining rollup, when executed, can be a beautiful thing for shareholders. Endeavour ran from $4 to $25 in the last two years. Wheaton River had a similar run before buying Goldcorp.
Leagold isn’t some smoke and mirrors drill play. I think the company is about to have a legendary run and I’m excited to help them have an investor relations advantage… This is a long way of saying I have just completed a persuasive report for Leagold that will have a massive marketing push over the coming months unlike anything you have ever seen before from me.
It’s a huge priority for CEO.CA and myself personally to be associated with winners. This is it!
Read http://leagold.ceo.ca and ask your investment advisor for feedback on whether it fits with your personal financial strategy.
Sincerely,
Tommy Humphreys
CEO.CA Founder
Disclaimer: All statements by Tommy Humphreys on CEO.CA, other than statements of historical fact should be considered forward-looking statements. These statements relate to future events or future performance. Forward-looking statements are often, but not always identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions. Much of this information is comprised of statements of projection. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Risks and uncertainties respecting mineral exploration companies are generally disclosed in the annual financial or other filing documents of those and similar companies as filed with the relevant securities commissions, and should be reviewed by any reader of this newsletter.
Tommy Humphreys is an online financial newsletter writer. He is focused on researching and marketing resource and other public companies. Nothing in CEO.CA should be construed as a solicitation to buy or sell any securities mentioned anywhere in this newsletter. CEO.CA is intended for informational and entertainment purposes only!
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In many cases Tommy Humphreys owns shares in the companies he features, and that is the case with respect to Leagold Mining ("Leagold"). For those reasons, please be aware that Tommy Humphreys can be considered extremely biased in regards to the companies he writes about and features in his newsletters, including Leagold. Because Tommy Humphreys owns shares of Leagold, there is an inherent conflict of interest involved that may influence his perspective on Leagold. This is why you should conduct extensive due diligence as well as seek the advice of your financial advisor and a registered broker-dealer before investing in any securities. Tommy Humphreys may purchase more shares of Leagold for the purpose of selling them for his own profit and will buy or sell at any time without notice to anyone, including readers of this newsletter.
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