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LeniGas Cuba isn’t even listed yet but already the retail investors and institutional investors are moving in! Read on to find out why.
So lets see what we are dealing with. On face value we have a company which is aiming to exploit the business opportunities that Cuba has to offer.
So far we have seen LGC take a 10.69% share holding in Petro Australis which is a Cuban focused oil and gas company with interest in the north coast block 9 onshore prospect which covers approximately 2380 squared km . The LGC team have already declared that they intend to take on a higher percent over the coming weeks.
Rushmans who are partnering with LGC will provide a real opportunity for LGC to gain great assets within Cuba and develop a great portfolio.
Needles to say that the Cuban oil fields offer some of the best opportunities for high quality oil and high production output wells but equally there are many none oil related opportunities that LGC could take advantage of within the Cuban economy.
So we have another oil company then? There are loads of small oil companies so why is this one so great?
Well the simple answer is its not much different. It has a good investment to start it off with and a cool logo but apart from that its just another oil company…… or is it?
The brains behind this new oil company is a man well known by the retail investors and his name is David Lenigas.
David is a man who has launched and made good numerous companies including LGO UKOG OCT and REM to name just four, all of which are now some of the most attractive investments on AIM and one of which could someday soon provide investors with dividends.
David has a track record of “never drilling a “duster”” hence the article title “NoDustaDave”. He is hated by some and loved by most as the man who can make a companies story noticed by everyone who invests in shares.
People who have decided to invest in LGC are not really investing in the company (although the company seems full of potential) they are investing in the man behind it.
I have to admit that I myself have been tempted to buy into this new venture but alas I am all out of funds until my current investments come good.
For all those who have bought into LGC I wish you the best of luck and I am sure Dave will work his magic on LGC just as he has on so many other companies.
I hope you have enjoyed reading this and as always.
All in my opinion and not to be taken as fact nor advice.
Always seek professional advice before investing in any company.
Please advise, how do I invest in LGC ?
Simply ask your broker. I’m not sure if you can still buy into the ipo or whether it is now closed