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Some don't fancy 11p then
Tbf some must have made good profit last 6 months
Looks like everyone is selling up. Doubt MMs are worried about being short. Quite the opposite.
Just logged in to their research site. There are two bits of research there. 1. A newsflash about the JORC reserve, on one page and 2. A 17 pager with lots of details and history etc. First glance, looks good, they like the strategy, like the area, like the expansion prospects etc. Target 11p+
Sell on news won't stop momentum here. They're happy to take serious volume so we know its a matter of time after some consolidation before we fill that gap to 7p. 8.5p still looks good here given possible transaction news on the horizon.
Maybe it's been a case of buy the rumour, sell the news and that's why a slight decline in the SP today. I'm not surprised, especially with the odd historical moves in the share.
Hoping WHI can successfully bring this to a wider audience soon and then the SP will start moving up to where it deserves to be - at least 7p!
excellant news this morning...
and maybe an acq to follow soon
That is a monster RNS
I can see it 7.5 to 8p today. Maybe better. But the known unknown is WH Ireland who, as I alluded to earlier. They bring a whole new kind of client to the table... HNWs, institutions, retail, all sorts. That can only be positive..
Potassium linked to all mineralisation really important. Basically use this pathfinder element to delineate other interpreted targets.
Amazing results for the co, absolutely smashed their target Jorc!
This is now a commercial mine.. A few of the big boys in the surrounding area will certainly be running the slide rule over LEX.
Fantastic news, realistically were do people see this SP potentially going too.
Oh Heaven's Above. Reasons to love LEX have all come true.. So management were expecting up to 100k oz at JK. They've got 127k. Resource grows by 255% and we still have more upside here at depth, along strike and with the new anomalies, not to mention potential acquisitions close by.
MMs mush be s******* themselves this morning.
A fantastic JORC which also suggests that resources could be increased further once more drilling has been undertaken. This share is going to fly!
Total JORC Resource estimate for JKL Project up 155% to 210,800 Au oz
* 155% increase in contained gold for the combined JKL Project comprising:
o Total Inferred Resource of 6,976,000t @ 0.94 g/t Au for 210,800 oz of
contained gold
* Maiden independent JORC (2012) Mineral Resource Estimate for the
Jones-Keystone deposit:
o Total Inferred Resource of 4,380,000t @ 0.91 g/t Au for 128,000 oz of
contained gold
* Potential for mineralisation at Jones-Keystone remains open down-dip, to the
north-east as well as to thesouth-west
* Potential for further increase in resources at Jones-Keystone as well as
Loflin and Loflin South through additional drilling
* 3D Geological modelling and drilling delineated a NE-SW shallow plunging fold
structure that probably controls gold mineralisation
"We are pleased to announce that this maiden JORC resource estimation of
128,000 gold ounces for Jones-Keystone, which forms part of our JKL Project,
has surpassed our expectations. When combined with the existing JORC resource
for Loflin, it takes the total JORC mineral resource estimate for the JKL
Project to over 210,000 gold ounces, which is a significant achievement for
Lexington Gold.
"As previously reported, the JKL Project exhibits significant shallow
mineralisation with grades of up to approximately 10g/t gold achieved as well
as multiple intersections of 20m+ mineable widths, including 34m at an average
grade of 1.75 g/t gold. The mineralisation at both Jones-Keystone and Loflin
remains open down-dip and along strike with the potential to further increase
the resources via additional drilling".
1. Dollar Bottom?
2) Gold Price upwards reversal?
3) Market Makers hugely short.
4) JORC reserve on Jones Keystone up to 100K oz expected to land anytime.
5) Gives us close to 200K oz.
6) This is easily a commercial smaller mine already, so money in the bank. Either we develop or sell
7) Still open at depth and along strike at JKL and new anomalies yet to drill.
8) 3 more prospects, one of which (Jennings Pioneer) had mining nearby (Barite Hill) as recently as 1996 when gold price collapsed.
9) Management being shown other interesting opportunities in other "well respected jurisdictions".
10) Last but not least, we are still awaiting a maiden report from broker WH Ireland which will open LEX up to a whole new market place, not just the old diehards!
Intriguing, to say the least!! Looking forward to a very active week in our fave stock!!! If JORC report at JK is over expectations, given the supply demand situation, I won't bet on the outcome, but am sure patient holders will be VERY happy with it!!!!
Actual spread 6.43 - 6.75 just before close. Feels like November is going to be very good to us
Tried to add at 6.6p and nothing available. They seem to want close to 7p for any stock
This could really run higher next week if JORC upgrade lands
Yep and Ask has now jumped on no trades. You know MMs in a very sticky spot. This one's only going one way...
Re my message yesterday, I meant 250K not 25K. Also worth noting that the Dollar has been weak over the 2 weeks or so.. There is a good chance it has topped! Also gold has begun to see this and the price has risen by $120/oz. Gold chart short to medium term shows a triple bottom at the 1620 to 1630 level. Support now at 1720-30. That can't be bad news for LEX holders, and we've got the keenly anticipated JORC announcement anytime.....
6.2 to 6.3 bid , if anyone can refute that the MMs are short after having bought 25k shares, I am a Dutchaman!! Having said that, it a pretty good sign that they are covering, they need to square the book before they suddenly realise that the game is over, we're off on the next move up... Don't be short MMs...
Burtom, I think that you are asking the converted, we all want it to go up more than this and think it will. So my biased answer is, for what its worth, definitely yes, get on board. See my recent posts below if you want reasons, and don't forget that LEX is being shown deals in well known locations/jurisdictions for this kind of thing and by the looks of things, not just in the good old US of A. Take me with a pinch of salt but I am nowhere near a seller of this one... Plenty more to cook here. We're just warming up.
The short answer is yes, 52 week low at 1.8 would have been fantastic, but alas I had no funds at the time. If we all knew the definitive highs and lows I guess we would be billionaire's RODDERS
Good luck
Do fellow investors feel that 6.5p is a good entry price or even top up price now?
“…With money in the bank after an October fundraise and the imminent prospect of a maiden JORC Resource for a flagship project can LEX go higher?…”
https://total-market-solutions.com/2022/11/lexington-gold-ltd-6/