Member Info for BigMinnow

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.

UKOG should now sue for costs - should be considerably more than £360!

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.

3.15+ $/lb is looking good to me. Don't forget the copper folks!

In the NAE annual report Alan Broome explains they wanted to be cashed up to proceed with their Central Pilbara gold prospects (looking for a discovery like Hemi) and join the Pilbara gold rush!

The Woodsmith build looks to be going very well: https://www.gazettelive.co.uk/news/teesside-news/a-job-youll-tell-your-19046357
They have had to import tunnel sections because they can't keep up with the progress of the tunnel machine!

Nice picture on page 16 of Hav drilling!

Broker ratings are not much use without access to the broker note and its analysis with modelling/assumptions etc: in most cases you need to be a client to get that info. IMO you are better off sticking to your own view and targets.

proactive link: https://www.proactiveinvestors.co.uk/companies/news/929535/david-lenigas-reckons-greatland-gold-s-havieron-is--once-in-a-generation--find-929535.html

See RNS issed about 30 mins ago: https://www.lse.co.uk/rns/PMO/statement-re-press-speculation-l57ssmun31808jm.html

Talk about cat among the pigeons!

New Civil Engineer reports new approach to Lockwood Beck shaft: https://www.newcivilengineer.com/latest/rethink-revealed-on-polyhalite-shaft-construction-method-20-08-2020/
It seems they making good costs savings and making good progress.