I was looking at the Pound in relation to the US Dollar. Since LGO's revenue is derived in US Dollars, I noticed that the Pound was sub 0.60 vs the US Dollar in the July to August period. Now it is at 0.625. Since LGO reports its financials in Pounds, would not the stronger US Dollar will also reflect a Forex gain therefore mitigating further any drop in revenue with regard to the price of crude oil?
I am of course very optimistic that TI will eventually blow past NR's conservative projection. It could be Goudron 2.0
That of course is based on the previous comment by NR that LGO has the potential to be a £4B market cap company... (unless I am wrong)
Hahaha...I lay awake at night dreaming of waking up and seeing LGO at £1.40
If Goudron can have so much oil, and it has been mentioned before that TI too used to be a prolific producer, imagine what LGO could be when Goudron, TI and Cedros are all in production. .
It had been a heck of a ride for me as well. Hailing from Malaysia, any fall in the share price is magnified more than 5 times. LoL. I have recommended friends to buy LGO too. Two of them actually were in panic mood after seeing their investment falling by 50% (They bought in the 6 plus region) on Thursday. I told them that LGO is a sound company with good fundamentals. I finally asked one in particular whether she wanted to sell into an illogical market or maintain her investment which was the best logical choice. Thankfully she heeded my advice. All of us here managed to breathe a sigh of relief and looking forward to coming weeks ahead.
The directors' options are at 0.20 pence. If at anytime they exercise the options, I know that I am already more than 100% up from this current price. So what is there not to like. Obviously they are not working for free and sooner or later they will claim their reward.
I got in rather late, averaging 3.40 - 4.05. But until I see Cedros production, I will be reluctant to sell any. Just 720k shares. But it really cost me a bomb, being in Malaysia our currency is less than a fifth of the pound
I too believe in LEG. I am from Malaysia by the way. Bought 1 million shares a few days ago. Intend to accumulate more as soon as I can divest from other investments. Yes agree with all. VS is the gem here.
