The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Savvy operator even!
True, lots of targets already on their licenses. Think Bernard is quite a Davy operator so will look to increase that whilst it's quiet. Labs seem quite slow (and these guys are considered the most efficient about). Hopefully not too much longer.
Interesting Iptuf. About homestead anomaly.. However, given that they've bought the rights to tons of land in JKL, one can only assume that they've got tons of targets as the mentioned last year.. As per previous announcements concerning anomalies.. This really just goes to prove how interesting the area is that we are involved in. We don't know for sure if they have the rights to Homestead..
Wish these SGS guys in Vancouver would get their act together. They're taking a painfully long time to do our bloody assays!! Never mind. The Gnomes are still in and adding. Patience is a virtue as they say. Hang in there y'all. It's happening.
Great week, looks like we're back on track. Barely any selling - buys easily pushing us up, seems like the easy stock has gone. As mentioned below, sticky hands not off-loading, likely just a few inpatient PIs over the last couple of months. We've got 5,000m+ worth of assays to come in. That'll be at least 4-6 batches worth and more drilling updates too - that alone are 2 months worth of news flow to continuously drip-feed us & the market..
Bernard also mentioned in October TMS interview geophysics won't be released as it may tip-off landowners they're currently negotiating/plan to negotiate with. Will we see some more acreage being picked up? I reckon they are going for the land between Loflin and Jones-Keystone. Previous geo & soil sampling by Revolution Resources picked up an anomaly between the two deposits called Homestead. Broadly speaking they think all three are linked, an extended corridor of gold-endowed mineralization. Be great to see the geo as I'm sure we've got multiple analogues on our tenements, just a case of which ones we go for first. Already know one of them south of Loflin is a hit. Questions is, how many more?
You are making a very impirtant point here.. After the capital raising in 2020 the "Gnomes of Bangkok" had 41% of the company (assuming that Pure Ice is a gnome, which we can't be 100% sure about). Now they have over 48%. They've all added to their positions which is very positive and have not sold a single share..
These are VERY supportive long term shareholders who are not looking for a quick buck. If they weren't selling at 6p last June, I doubt they will be at that level this month or next.
Another point to mention is that if the Gnomes have 48%, and we know that management, directors and ex management have another say 20% between them, this really does indicate that LEX is VERY tightly held. If it gets on a tear, who knows where the price will go to from here. Not much stock came out going up to 6p last year, I doubt much will come out this year.
As they say in some parts, onwards and upwards.... May the party begin. And yes, I loaded up with plenty below 3.2. No brainer...
Holdings summary....
Pure Ice Investments...
From 14.29% on 3rd Feb 21 to 20.16% on 5th November 21.
Notes. Increased after half year, drilling, ops updates and maiden JORC
View. Aware of financial situation and still added.
Orasa (a.k.a Doris) Chiaratanasen...
13.91% 5th Jan 21 to 15.06% 10th Feb 21
Notes. Acquisitions
View. Positive post IPO & not sold at peak SP.
Mark Mitchell Greenwood
From 12.71% to 13.00% on 18th Dec 20
Notes. Acquisition
View: SP was 2.75p after IPO Dec 20. But had a closing high of 5.88p and intraday hi +6p in May 21.
All major holders could have sold at least some and yet some have added
SP seems to have floored at 2.5p intraday. But with spread impossible to buy at that price.
With news due SP moving back up on extremely low volumes. Not much liquidity. Will need another decent spike to at least 6p as before to tempt traders to sell. Long term. Significant holders seem to be happy to wait for bigger profits.
Usual Caveats
Trek