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Paris, Vixen is a bit of a fantasist regarding the imaginary short that was traded as I have mentioned before it is impossible for anyone except Market Makers in the stock to go short as there is no Stock borrow in Lex. MM's are able to short because they have no obligation to deliver the stock on settlement day but this does not apply to anyone else so any uncovered short would therefore be "bought in" on sett date at considerable cost to the seller.
Should be some important updates coming up in September.
Vixen, you a T W A *, you know that don't you, why would anyone announce on a public forum there punting that everyone one else's portfolio will drop in value so they can make a profit.
Your just a Judas, I don't think it ended well for him
I think you might be right Rosie, the recent buying has been executed in a way not to spook the market but to keep the share price around this level. The buyer is happy to accumulate stock from sellers of the recent placing but at some stage this will dry up and the buyer will have to start to pay up. If an institutional investor prints a TR1 others will take note and maybe wish to come to the party
You only have to look at the trading pattern of the last couple of weeks to see that something is afoot here. Big blocks of stock (well big for LEX anyway!!) trading without an indication as to whether the trades are buys or sells (often presented in grey on this site) and loads of them are delayed reporting, even in the following day or after hours. This has all the hallmarks of an institution, or at least a savvy HNWI buying in a measured manner to get the best average price possible. Accumulation is definitely taking place.
The burning question is by who? The most obvious candidate would be Mr. Creasy, (or his corporate vehicle, Yandal) though its also possible that the shares not placed with "friends and family" are being hoovered up by an AIM fund or a smaller companies fund; it may even be the "gnomes of Bangkok"! . In any case, it seems that either way, we should not be at all surprised to see a TR1 filed in the not too distant future.....someone's got an eye for extremely good value when they see it!!
It really is an issue here in terms of market transparency. Why MMs have the right to delay reporting of trades is beyond me, especially as they often use it to disguise short positions. However, in addition to this, there is also the issue of where all this stock is coming from? Look at the volumes just around 2pm yesterday. In this case, it seems that whoever the buyer is, wants to cover his or her tracks, there have been many delayed trades since last week. Maybe there is an AIM fund coming in here. The start of institutional involvement in LEX? Given the potential size of this company's South African assets (billions of $$$!), that really should not be a surprise...
Late Reported trades. Some are from the 9th. Not on.
What’s an LR ? Big numbers on the board. Good sign?
I just feel like with everything that’s happened with this stock it will continue to grow, acquire more assets in the form of mines. I reckon the board are building a mining conglomerate by this time next year the company will have morphed into a completely new beast and quite possibly won’t be a penny stock anymore.
LR's, deletions LR's ..... shady
Blue
Nice to see a green filter ROFL - some1 must not like my short
You cant short Lex... stock is not borrowable...... you are very amusing though!
Now
Lyddon filtered as not intrested in response
Nobody cares ! Good luck down under
Sold my shares - in trust in australia over africa anytime
I am with you sjh.... Someone just aggressively bought around 2.5% of LEX, so they've stopped for the time being, but the good news is that they will have mopped up much of the stock from the placement that didn't go to "friends and family" so to speak. That can only be good news.... removes a potential overhang...
If you are concerned please sell your shares so I can add more cheaply and I thank you for your donation to my retirement.
5.5 to 5.75 Monday.... 6 to 6.25 now. you really need to sort your facts out before posting I think
If that being the case - not in positive direction re sp
2.5% of the companies equity turned over this week, not sure that equates to it being quiet!
Here
Seeing many AIM miners raising funds at huge discounts to SP.. LEX raised at premium.. different ball game being played here.
Who has said "the billionaire wants out".?
Great volume again today with delayed trades from first thing this morning going through... Can understand sellers being some of the placees from the recent placing at 6p but there is certainly an aggressive buyer out there for these shares