The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Not going NT for me so may have to call up your broker but I was getting full ask even for small amounts (25/50k clips). Looking forward to the next few weeks here
Maybe explains all these low volume purchases going through...its all that's on offer.....
HL have been NT to buy £100 worth of shares all day. I cant even get a quote for £10 worth! No quote available. Very interesting
Fantastic update. Really detailed. Hope we here back on JORC shortly but also some of those recent geophysical surveys. No doubt planning for next campaign is well underway.
Fantastic news.
I heard it was twopennies, that sold his entire holding of 207 shares on Friday, Doh.
COME ON LEX
ALWAYS BELIEVE
YNWA
Heaven's above, that has taken its time. Better late than never, but three excellent holes at JK:-
1. with between 28 and 50m of gold bearing zones,
2. Grades of between 1.09 to 1.38gms/tonne
3. All near the surface, closer than you think because all the holes were drilled at an angle.
But the most important thing about this is that the door is finally opened to getting a JORC resource for the Jones Keystone deposit. Note that like Loflin, the deposits are open along strike and at depth to the NE and SW. And as my our co correspondent Iptuf is at pains to point out, there are other geophysical anomalies to be drilled close by. All encouraging stuff.
CEO is expecting 1. A maiden JK resource of up to 100K/oz, in addition to the 83K at Loflin already declared. 2. All this rock is very close to the surface and therefore can be accessed by open pit mining, similar to Haile and the two deposits (and undrilled anomalies) are close enough to be handled by the same plant and equipment when development takes place, bringing down costs per ton.
Can't wait to see the JORC which, if Loflin is any guide, should be available in a couple of weeks. Price has been strong in the last couple of weeks, we're close to breaking out of the resistance at 3.75 area. Hopefully finally leaving the 3's for ever and heading to the 5's and 6's!!!! And all the time looking forward to the reserve announcement soon.
Big trades clearing ask. Just means it will be easier to tick up on small/infrequent volume. All looking like a glorious few weeks here as long as market doesn't completely dive.
Some more late volume that someone seems to try and print under the radar. Momentum seems to be growing
We seem to be "Running Up That Hill" that's for certain
In the words of the Legendary Kate Bush, something big is gonna happen....
Hopefully
GOOD LUCK ALL
ALWAYS BELIEVE
YNWA
With u all the, way Ippy. We're testing that resistance at the 3.7 Mark... Get through that and we should be heading to the mid 5's. And yes, we've still got the 1m assays and the JORC to come... Bring it on I say..
250k clip taken at 3.7 early doors. Could it be the Ice-man? Still moving well albeit on low volume. Long may it continue into assays then JORC. Who knows, we may get a surprise about land packages being increased. Hoping for detailed releases where possible.
Does look like recent Pure-Ice dealing cleared any left over stock. Moving very freely (albeit very low volume). Bodes well moving into 1m assay results. My hope is that will push us through 3.6p and eventually close in on challenging 4.8p which was a stumbling block when original Loflin JORC was announced.
Well we're overdue some 1M assay results, and obviously the JORC reserve for JK. And yet the stock price is holding up and even picking up on what appears to almost paper thin volume! 50,000 shares is all it took for the MMs to raise the offer by 0.2p, and widen the spread so much that it looks like you can drive a coach and horses through it!! They must be frightened of something! And we still two more RNS's to hit the market, hopefully very soon. Last time we saw a decent move on the Loflin announcement, looking forward to the JK news.
Technically we're beginning to look a bit stronger, resistance at 3.45 being challenged. Hold on to your hats, we maybe, at last, on to something here.
And Iptuf, checked out your links from last week, very interesting. I can see the anomalies at JK you are talking about to the South East. They appear to be much bigger than the one at Loflin South which we have proved really exists. Not sure where that Homestead one fits in....
As a follow up, the geophysics flown by Revolution over JKL back in 2011/12 (slide 17): https://www.slideshare.net/RevolutionRC/revolution-resources-corporate-presentation-99
You can see distinct anomalies south of current JK holes which has a bigger footprint than what's been drilled. My hope is the VTEM survey from last year, which should be more precise, showed a similar magnetic response.
Large geophysics anomaly to the south-east of Loflin has been confirmed by recent drilling (Loflin S.). Furthermore, Orford mining soil anomaly shows huge sections on the Loflin license in particular where they've got elevated gold readings: https://orfordmining.com/wp-content/uploads/2017/11/Orford-Mining-Investor-Presentation-november_2017-Nov-24-2017.pdf (slide 20). Obviously a large section of this is where Loflin South was discovered and I'm hoping the VTEM has shown other areas that could be followed in a subsequent campaign.
Would be great to see the VTEM survey to get an idea of what we might have on our licenses.
No this is separate to Homestead which is dead east from JK and north north east of Loflin. Soil anomaly is in the centre portion of current JK license, extending beyond the area that has currently been drilled. Go further southwest in the current license and there's a geophysics anomaly which is a similar size to current drilled out section. If this has been confirmed by last years geophysics, got to be a target for phase 2 drilling. Could honestly be looking at a size similar to current JK known holes. JK could easily become a 200kOz resource on its own after phase 2 drilling.
U talking about the Homestead stuff Iptuf? Perhaps, ever so quietly, they are picking up the mineral rights in that area. But looking forward to the next RNS.
Agree. I think potentially get a JK JORC by the end of October. What I'm also interested in is phase 2 JK drilling. There is a huge gold soil anomaly to the south west - same size as the anomaly where all the JK drilling happened. Orford collated all the work before they Lexington picked up the licenses. My thinking is, if the geo we flew last year helped us discover the new Loflin South satellite deposits, potentially the soil anomaly to the south west of JK has highlighted a similar geophysics anomaly which has now been materially derisked by Loflin South discovery.
All to play for but need the company to help us with detailed news release. Got to give prospective shareholders a reason to get involved and stay with the co.
The 1m assays are due anytime now, but I doubt the JORC reserves for JK will come out simultaneously because the JORC consultant will have to plug the 1m results into the model they have to make the estimate. I'm pretty sure that they have a good idea of what is going on underground, but the 1m assays will enable them to nail down how much gold bearing Rock there is more accurately, hopefully giving us a better result. Let's see. All will be revealed..
Looking forward to next week if assays and Jorc are published which will be crucial for Lex to see if we have the reserves that can make us a commercial mine. Everything I have researched thinks so…here’s hoping
Sure hope we hear back from JK 1m re-splits next week. Took 2months from last Loflin holes to hear back on re-splits and coming up to that now with JK holes reporting early/mid July. Markets haven't been great but hopefully we can keep up the recent positive momentum.
I've been extremely critical of Lex over the last 6 months as they've not been delivering. However these last few weeks, they've been a lot better. Importantly, with Pure Ice taking their stake to 21.45%, I imagine we'll be in for a good period of appreciation (as long as markets stay somewhat stable). They don't own over 55million shares for no reason & they wouldn't be increasing their stake by ~3m if they didn't have a "good feeling" about this one. These guys are in the know. Definitely feeling more confident about my investment leading upto to autumn.
Remember last March/April Pure Ice increasing their stake twice from 15% to 17.6% before we went on our run to 6p. Not the same conditions but now they're at 21.45% and we're close to hearing back on high-impact newsflow...
Absolutely, behold, the iceman cometh.. He or she is probably laughing gravy seeing more than 1% of the company come up for grabs just before these announcements.. Which I'm thoroughly looking forward to seeing...
Assays to come. I think this guy seriously knows what he is doing