Value Microcaps Junior Miners

[riskanalyst]

AMC.TO/AXSMF – The VMC community has given me some great ideas and I bought into this position last week, albeit a small one. After looking into some of the comments and the stock, overall there looked to be some potential. The one issue that I looked into that made me pause and recently made me sell out of my position was regarding Legend Securities and I lost a couple hundred bucks on the spread. The big question was who are these guys? So I dug around a little bit and saw various articles, but not sure if they are capable of financing this $60mm. Just some red flags around some of the players at Legend, which gave me reason to pause. I enclosed a link for a search on Legend. They are a real broker/dealer registered with SEC/FINRA, but this financing seems outside the norm. There were some other articles about Legend on Deal Breaker and Forbes, providing similar information to the link I enclosed. Why would AMC select these guys from over 20 different proposals? It would have been nice if the $60mm was from a more established player. In the past they have dealt with some more reputable and financially capable firms. If someone comes up with other information and thinks Legend’s $60mm is a reality, I would love to hear more. Maybe I'll get back in, but didn't pass the sniff test here.

http://www.thefinancialinvestigator.com/?p=64