The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Yes you're right - about the 'e' on the end; and come to think about it he and Andrew Scott have had many face to face interviews and has always been introduced has we would pronounce his name in English. Rather odd the new bloke not being able to pronounce Havieron correctly too?
The exploration results will speak for themselves. I see this as a conventional explorer with up to 6 prospects to prove up and JV and/or sell on to a major to develop for cash or shares. What I don't want to hear about are financing plans to develop any of these prospects with LEX going it alone - any sniff of that and I will be moving on.
I can't quite believe people are selling this at 2.5p with so much going for it next year - it is a steal at 2.7p at the moment.
The new website is live: https://lexingtongold.co.uk/
Nice presentation on there.
The only rational way of proceeding with this as an investment is to consider Lexington Gold as a pure explorer;that is they won't ever be seeking to finance a mine but prove up the prospect and JV or sell them on. You missed this off your summary - the CEO did say this would be their approach and duplicate what happened with the nearby Haile mine.
They will certainly "hit" gold as you put it, the previous operators of Jones Keystone and Loflin did - see http://www.richlandresourcesltd.com/operations/jones-keystone-loflin-project-jkl/ The question is will the new drilling confirm an economic deposit at these two prospects? I'm betting there is a very good chance they will but we will have to wait for the results.
It is actually 2.65p (not 2.75p) at this time. Still the price here gives anyone interested chance to load up at a good discount to the 2.75 raise price!
This is now cashed up to drill ahead so you just need to await the drill results. No doubt once the ticker change works its way through they will relaunch the web site and produce a shiny new presentation. IMO there is a very interesting two years ahead of us with Lexington Gold.
GLA
I hope the future Lexington Gold follow the same pattern as GGP: that is, find it, prove it up, then sell it or JV it with a major for cash and/or a share of the eventual output revenues...then repeat with the next prospect. Most small outfits that attempt to go from small explorer to large scale mining (even not so large scale e.g. WLFE or SXX to cite just two recent attempts) end in failure.
Looks fairly sane to me: https://www.londonstockexchange.com/stock/RLD/richland-resources-ltd/company-page
Interesting that someone would think it a good idea to sell 55k shares for 2.61p at 11:15. Folk should await the new presentations and PR that will I'm sure be detailed on a new Lexington website IMO.
GLA
See http://www.richlandresourcesltd.com/
Some details for each prospect are linked there. They look promising to me!
Trading will begin at 08:00 on the 25th - that is Wednesday under RLD ticker and will then change to LEX ticker in 2 weeks time or thereabouts, according to the RNS.
GLA and let me be the first to wish everyone here a happy xmas and a very happy new year!
This platform is not too clever is it? Just two that were missed as at the time of this post.
tradeTime currency price volume tradeValue type micCode tradeType
2020-11-18T16:07:57.210 GBX 0.45 2000000 9000 Off-Book AIMX
2020-11-18T16:07:49.337 GBX 0.445 2000000 8900 Off-Book AIMX
Good try mate - even in oz they can work from home via the internet! Don't forget the virus don't like high summer too much neither.
But Orford elected not to continue with these prospects - as announced on TSX on 18th January 2019:
"As part of this refocusing, Ordford has elected not to maintain the earn-in options with Carolina Gold Resources on the Jones-Keystone and Landrum-Faulkner properties in the Carolina Gold Belt as exploration results from these properties have not met strategic objectives.
Orford continues to evaluate opportunities that meet its stated objectives of focusing on underexplored regions that bear strong geological similarities and are in close proximity to existing flagship mining operations for major mining producers.
"
One supposes the gold price at the time may have played a part in Orford's decision to not proceed with Jones-Keystone: the grades do look promising though.