David Lenigas

David Anthony Lenigas (born 1961, Adelaide, South Australia) is an Australian mining engineer and serial entrepreneur who has occupied numerous senior positions in hundreds of predominantly unsuccessful[1][2] natural resources, and other companies.[3][4][5][6]

Lenigas was educated at Brisbane Boys' College and the Kalgoorlie School of Mines, graduating with a Bachelor of Science (Mining Engineering) (Distinction) from Curtin University Kalgoorlie School of Mines, Western Australia. He holds a West Australian First Class Mine Manager's Certificate of Competency (No 330).

He has been accused of frequently "promoting a company, pushing up the (price of its) shares, then raising cash by placing new shares — and (thus) diluting the holdings of the early investors",[7] described as "a familiar tale with most companies he promotes".[8] His defence has been that "You can’t build a business on bottle tops.".[9] Furthermore, he has argued that it's not accurate to claim that "all his ventures have turned sour".[10] Although finance commentators have noted that most of the "hundreds" of companies he has been involved in, and "stock promoted" for, have failed to generate any successful shareholder returns.[11]

In 2009 he was one of a group of claimants, claiming that he had been libelled when an investment publication in South Africa had described the group of executives of one of Lenigas' ventures as "cynically and greedily indulged in self-enrichment at the expense of, and contrary to the interests of, shareholders."[12] The High Court of Justice of the United Kingdom rejected Lenigas', and the other claimants' libel claim, and found in favour of the publisher.[13]

References
  1. "Surrey oil hunt picks up where Esso let go". Financial Times. Retrieved 26 April 2020.(Subscription required.)
  2. "David lenigas, wild west hero or just a gunslinger who shoots from the lip". The Times. Retrieved 26 April 2020.(Subscription required.)
  3. Nick Goodway (20 December 2012). "Spotlight on: David Lenigas, chairman of fastJet". The Independent. Retrieved 28 January 2017.
  4. "Stocks". Bloomberg. Retrieved 28 January 2017.
  5. Osborne, Alistair. "Lenigas quits FastJet after latest bust-up". Telegraph. Retrieved 28 January 2017.
  6. "Stock Quotes & Company News". Reuters.com. 30 December 2014. Retrieved 28 January 2017.
  7. "David Lenigas: Is the Gatwick oil bonanza a con?". Evening Standard. Retrieved 25 April 2020.
  8. "Lenigas and oil make so much hot air". The Times. Retrieved 25 April 2020.(Subscription required.)
  9. "David Lenigas: Is the Gatwick oil bonanza a con?". Evening Standard. Retrieved 25 April 2020.
  10. "David Lenigas: Is the Gatwick oil bonanza a con?". Evening Standard. Retrieved 25 April 2020.
  11. "Surrey oil hunt picks up where Esso let go". Financial Times. Retrieved 26 April 2020.(Subscription required.)
  12. "High Court rejects libel case because article received approximately four visits". Pinsent Masons. Retrieved 25 April 2020.
  13. "High Court rejects libel case because article received approximately four visits". Pinsent Masons. Retrieved 25 April 2020.


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