Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Wow.. Great news
I have now picked myself up off the floor and I can confirm that I WAS NOT Hallucinating when wrote below. Its real!!!!!
See below the presentation from 2017:
http://www.shango.co.za/wp-content/uploads/2018/08/White-Rivers-Exploration-April-2018.pdf
Fantastic news
🧢 off to all LTH
Enjoy the ride folks
👍
Wowweee!!! I am just picking myself up off the floor after a brief scan of the announcement. So they were not joking late last year when they said they were talking with parties interested in doing things with LEX. And guess what? Its in South Africa, where CEO Bernard is from and where Chairman Ed Nealon had some of his big breaks with Aquarius. Rumour has it that he knows the Witwatersrand from days at Aquarius Platinum. In a nutshell:
1) LEX is acquiring White Rivers Exploration, previously owned by Mark Creasy, Australia's most famous private prospector. Most of the listed vehicle he invests in "turn to gold". He has an incredible track record!
2) We are acquiring 5 properties which have had varying amounts of drilling on them in the past.
3) They reckon around 37mn Oz are in place though needs to be further confirmed as a JORC compliant resource.
4) One of the prospects, Kroonstadt, has up to 60+ million oz, and is effectively a new gold field.
5) The geology of this area is some of the best known in the world.
6) There is a joint venture already in place with Harmony Gold at their Target Mine.
This is mind blowing. We are morphing from a junior miner with only 220K oz, to potentially a monster with nearly 40mn or possibly more oz. There are only about 10 companies that have 25mn oz plus in the world. We potentially could slot in at No 8. And yes, there will be dilution, potentially up to 40%. But if that is the price for upping our reserves by 16,000% from 220K oz to 37mn oz, I will happily take that.
Strap on your seat belts!!! Oh, and yes, Fill yer boots!!!!!
Crikey the ask is now 9p. I was quoted 8.3p to sell just after those 2 x 50k buys went through just before close. This share is amazing, such little free float available. 11p broker target hopefully reached very soon, especially if news lands. Any sale news would be very welcome too...
Hahaha Doggy!! I actually have brokers that speak real words too as opposed to a computer screen!!! If Laurel and Hardy have a number, would live to have it, then I can have a broker that not only is human (Yes!! Really human!!) but also has a sense of humour!! This would be an unbeatable combo. And yes, of course, the suggestion that the fundamentals of gold as a commodity could be driving this move as well as the "PH" factor, could be bang on.
Rose ,who are your Brokers , Laurel and Hardy.
Rosetinted,i reckon you had been on the Rose a little too much. Your brokers contacting you. That was funny.
I think, looking at the macro, gold is becoming more scarce. Looking at the way China, Russia and other BRICS nations are buying it and so are all the central banks. I think a gold standard currency is on the horizon. Closer to home, maybe some people see the potential with that in mind GLA
A couple of my brokers have been in touch with me and said they reckon MM "PH" are short..... and have been bidding it up. Can never be sure, but even MMs get it wrong sometimes!!!
There are 2 'unknown' trades totalling about £30k according to the trades page so if they are actually buys then that might explain the big shift. It is odd for such a big move on no news, even for LEX. I will be a happy boy if this really is the beginning of a change in fortunes as I've been here since 2009 and my patience is wearing a bit thin.
20% + on no RNS, something leaky ?? Or just about time, 👍
35k shares being bought made the share price rise 0.5p (from 7.5 to 8p)....bonkers
8p on the Ask... ive been quoted 7.6 to sell (which i wont be doing!)
Flops, maybe this is why the price is moving, bit of a long shot, but in the mysterious world of Junior Miners, anything is possible!!! Keep it up I suppose, if you'll excuse the pun!!
Wow - 7.5 just paid
Gas, I think actually, if I am not mistaken, we are waiting more for soil samples and trenching results from Jennings Pioneer. This should be very interesting as the preliminary results reported earlier seemed to indicate that the old Barite Hill mine structure extends on to our land and that there are various anomalies that could easily be turned into drill targets. Those results should be out any time is my guess. Hold on to your hats!!!!
Nice to finally see this rising ,any news on Jennings pioneer drilling
7.15p paid for 75k shares
Nothing available at 7.2p. This is crazy bullish. Market has no stock
Can't buy a penny at 7p. Should pop shortly
We've been waiting a longtime here. Glad market finally seeing the value Bernard has built.
Nice rise so far & upward trend seems to be supported at the moment.
Would like to see this reach 9p short term and hold at around this level until further news. Whether it does so is yet to be seen!
6.99 paid - how exciting!