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Yes, I remember the last broadcast he did which was also pretty bad, they say any publicity is good publicity, but frankly, I am not so sure!! Having said all that, I continue to hear rumours about LEX stock not being delivered on time which, if true, pretty much confirms that the MMs must be short. Has anyone else heard the same or experienced it? Seems we took a rest yesterday after the exertions of the last couple of week. I think, given the putative short position of the market, LEX will be very well supported at current levels while the MMs sort themselves out, unless someone decides to take matters into their own hands and put the squeeze on.
Still await the JK JORC which will hopefully emerge very soon. And yes, I like the idea of filling the gaps. I'm a chartist at heart, however, I tend to be a little more sceptical of technicals in smaller cap thinly traded stocks, though hopefully that is about to change as the stock rises. I am sure that some old holders will wake up to the fact they have made some cash and put their forgotten holdings on the block! Longer term though, more liquidity makes LEX more attractive to investors.
Talking about more attractive to investors, we are still waiting for W H Ireland to join the party though I am sure that soon after the JORC announcement, it will make eminent sense to get things moving in this regard... A major broker recommendation in this stock could take it a hell of a long way......
Good to get some publicity but Alan Green is shockingly poor at articulating Lex's investment case. Podcast full of inaccuracies and barely stated the newsflow we're awaiting.
Few days breather before next push? There's a gap at 6.5 - 7p from 2018. Will fill as soon as we push through 6.5p. First target would be 8.5p at that point. Book here is incredible.
Very exciting. Alan green giving a lovely summary and very upbeat for the future on LEX.
If you truly look into it, this is fallacy for 99% of cases. The aim market cap hadn't budged much in 15years so the majority have stayed static (overall) but we all know new money has entered over the years so lth likely down. I believe lex has huge potential (been invested a while and have built a decent stake) but if someone took a profit, particularly in today's market, I wouldn't question it.
For me the book here in recent months has completely changed, very little available, but appetite still there so I'm holding on for higher.
This is the reason most PI’s don’t make any money…… selling your winners and holding your losers. The worst trading strategy there is. A friend of mine bought Apple shares in the early nineties and sold them soon after for a 40% profit…..he has regretted it ever since!!!
Exactly Paris, slice as we go up. In all honesty tho, if you get out at a profit then that's great in these markets
Agree Lyddon, but why would you sell now, top slice, 10 % etc etc, I get that but why sell now unless you absolutely had too
The share price momentum shows no signs of stopping, a few sellers about today which is understandable after the recent percentage share rise but there are still are buyers prepared to hoover up this stock and not let the short MM’s cover their positions. Monday should be interesting?
Seems most miners are well up today, so probably that plus the RNS JORC expectation is helping push us up. Even giants like Rio are up about 8% which is unusual.
Crazy how small buys are ticking us up. Wait to the volume hits...
Honey the Jam's arriving soon, have we any cream in the fridge to put on our scone.
6.4p now. Its crazy how little stock there is. Imagine if we get JORC news next week it could run to 10p at this rate ha
Someone just paid 6p for 50,000.
They want 6.5p for anything. Crazy lack of shares about
6p paid now...
5.93 just paid
Can't buy a penny. Market massively bid here. Something is up. Mega strong
5.6 offered as a sale price just now
looks like FOMO is at it again with the JORC announcement due anytime now
Doubling is probably a longshot but definitely have a big uplift once it hits. What's more interesting is the potential new asset(s). Like rose mentioned, we could be truly looking at blue sky explo potential and, if it's in the Carolinas, it could synergize well with JKL as well as the others.
Looking at these trades, maybe the JORC RNS is imminently inbound? 5.425 just paid... 485k volume before 1pm
Surely this should be double if we confirm up nearly 200k/oz in the JORC due any day?
Haha, dream on, but we may get there eventually!! But seriously, seeing the JKL reserve numbers steadily rise over the next 1.5 years is real, not to mention Jennings Pioneer and the other prospects and close-by anomalies. This is just the beginning. Don't forget CEO says they are taking a serious interests in other prospects in Americas and Overseas that they are being shown. Anyway, price seems to be steaming away nicely without too much effort.
RNS incoming....... 1 million oz please
HAHAHA
Love and Peace
If JKL can give us 185k oz of proved up reserves with potential for more and we still have Jennings and to a lesser extent Carolina Belle in our pockets then surely we must be coming on to the radar of bigger outfits operating in close proximity to us?