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Hear you Lyddon, but not sure how you do that with an MM system unless you suborn and corrupt an MM.....but having said that, the activity is actually quite encouraging.. Steady buying nearly every day...
Six lots of 100k sold in quite an aggressive manner and the bid increased… the best way to accumulate stock under the radar is to sit on the bid and not attract attention. Something coming maybe??
Yes feels very different to when we tested 6p back in 2021. Do wonder how talks are going on new licenses areound JKL and further afield...
You may be right. My broker is suggesting that the market is still quite short this stock. Even with the volume of the last few days which were mainly booked as "sells" the price is only off 0.1p. This is telling me the stock is well supported whoever is doing the buying!! Maybe there's a new player in town. Whatever the situation, the free float is forever reducing in size, which for junior miners is always good news if we get some ground breaking news. Perhaps if the MMs have reduced their short position, they will be less inclined to push the price back down...
I am keeping the faith!
Nice to hear from you again Rosie, it seems like a while from your last informative post... Volume again pretty good today, I dont think we are expecting any scheduled news soon so here's hoping for something left field??? Still up 10% so more than happy with that
Tks Mr. Burton for the heads up. Good to see LEX in the list of potential big movers. Good to see a bit of volume moving through in LEX after the new year and not much downward pressure. I am pretty sure that we will be seeing an update as to what the plans are for the Carolina properties are over the coming 12 months which will 1) be aimed at expanding the JORC resource and 2) picking up mineral rights in the areas highlighted by the CEO in the last, very detailed release..
It will also be interesting to see what pigeons come home to roost from the suggestion that LEX is being offered interesting properties outside the USA. Intriguing to say the least.
Here's to 2023!
https://total-market-solutions.com/2022/12/12-mining-companies-to-follow-in-2023/
"...2022 has been another year of solid progress for LEX, the blossoming promise of JKL and Carolina Belle pushing the company’s share price up since May from 2.5p to 5.70p at the time of writing. LEX has stated ambitions to follow in the footsteps of fellow Carolina Super Terrane explorer Romarco Minerals, which was acquired by ASX-listed OceanaGold after delineating a resource estimate of 4.5Moz at 1.8g/t. In the meantime investors seem to have more good news to look forward to, notably the release of the maiden JORC Resource for the JKL Project ‘expected in early November’, and further drilling at Carolina Belle..."
I hear you there Ippy, but my guess is that they'll be busy identifying the plots they want and talking to owners and negotiating. But they may wish to coincide this with a capital raise for more drilling as well as acquisition of the mineral rights..
But yes, interesting times..
I distinctly remember Bernard stating in a TMS interview, they ddin't want to release too much info on JKL in respect to geophysics as they were interested in acquiring land packages around their current tenements. Some of the magnetic and K radiometric targets lie outside their land packages - are we about to hear about new ones being signed? Could be a very exciting new year...
I see the Ice Man is now over 23%….. strange time for a positive RNS
*wild 2023 even!
Too much to cover in the update but main takeaway, for me: geowork, in partiular potassium radiometrics, has proven their modelling concept and they're now targetting a Haile-like resource made of multiple closeby deposits.
The below article gives a brief overview of the geology at Haile and I think what is striking is the gold mineralisation associated to K feldspar, which we also see at JKL. Penultimate paragraph - "Mineral zonation is a quartz-sericite-pyrite±K feldspar±gold ? sericite ± pyrrhotite ? propylitic". This led to the recent discovery of Loflin South, which was some of the highest grades seen across JKL. Fantastic use of pathfinder elements to locate gold-bearing ore. Previous use of magnetics & chargeability data was useful but as seen in Loflin MRE, some sulphide bearing rock is devoid of any gold. Infact, its the demagnetised rocks coupled with potassium signatures that are the most promising. Really just following the Haile playbook.
https://portergeo.com.au/database/mineinfo.asp?mineid=mn536
Haile is 3m+ oz @ 1.71g/t Au. Now look at the exploratory targets compared to the current JKL resource, both expansions and satellite targets - truly looking at a potential Haile-size play. This is gunna be a wild 2017. Floor looks to be 5p placing too!
Another great RNS. Those that are invested here are looking forward to 2023 when maybe we prove up more resources and become even more attractive to one of the big boys nearby
Just what you were requesting a few weeks ago Ippy!!! It seems they are listening. Plenty to chew the cud over during the Xmas New Year break!!! Lots of diagrams etc. I am sure you will be giving them a very thorough once or even twice over!!!
Onwards and Upwards!
Holy cr4p, what an update! Will need to digest but will post thoughts later.
Nice to see an update regarding Jennings Pioneer. Hopefully see some good sample results in the New Year.
Firesale lol
Firewall ended yesterday, onwards and upwards hopefully past 11p soon ??
Who knows, all positive news though.
Good luck all
ALWAYS BELIEVE
YNWA
Hi BurtonD
Are you able to upload the PDF please as the link appears to only be for professional clients.
Thanks
Mr. Long, I have often wondered what your agenda is here. The accusations fly about corporate plants etc. However, everything I have put on here is backed up by the original back door listing prospectus and RNS's subsequently. Not a whiff of insider stuff!! Iptuf has found some very interesting historic stuff from Revolution and Orford. Frankly, I think everyone who participates here, unless they suspect that we are all being duped, which I accept, is a possibility, though unlikely, should be acting in good faith to add to the circle of knowledge about LEX which is to the benefit of all holders. As for me, yes, this is a big position for me relative to my meagre wealth, but I am taking my risks along with all other holders and at the same time, hoping to add to the knowledge pool by interpreting what's out there. If you're still a holder then you will benefit too. If you are not, perhaps you will just leave us alone to continue our self delusions......
I am sure that we are all singing from the same hymn sheet!!! Let's hope for a good week in the markets!!! Happy hunting!
Not multiple personalities, just multiple logins...
Oh no, now I'm being accused of having multiple aliases by a "holder". Always thought my posts were fairly balanced, backed by facts but I guess you know better. Last thing you want to do is get attached especially considering you think its a dog but glad you're "up" after going quiet at 2p.
Genuinely note, always good to see people making money in these tough markets.
Ahh!! Mr. Long. Welcome back to the land of the LEX living. Glad you seem to appreciate the crap. It seems you have been quiet as the stock was going up and have been stirred back into action by yesterday's correction!! Glad to see you're making a profit on this dog with fleas. Perhaps, its becoming a bit more of a thoroughbred these days. Time will tell. I honestly thought you had sold out at around 2p. Glad you were listening to Iptuf and his sidekick Rosie and went against your baser instincts!!
On a slightly more serious note, LEX is correcting and consolidating following a 300% rise from 2p. Now we're waiting for guidance on the next drilling program and the expansion of our resource, which, by the way, is now commercial and marketable. Not to mention the potential acquisitions that are being touted. Still plenty to look forward to... Hoe you stay on board Mr. Long. The ride is just beginning....
Yep I'm a few thousand up at the moment, thought about selling but I've had these shares so long I've become attached, even though it's a smelly dog. AND it gives me reason to read the crap you and your alter ego (rosetintedspecs) post.
Not seen you comment in a while Mark. We've done close to 200% since we last heard from you. Hope you were able to make a return on your investment over the last few weeks?