We would love to hear your thoughts about our site and services, please take our survey here.
I agree.
This is very low (SP wise) considering the recent news flow and also when factoring into account the % stake Lex now have in the Witwatersrand prospects / areas.
As there has been no news recently, the SP is a very 'directionless'. it has dropped recently from 6p mid price to 5.65 now on little trades. I am hoping the SP will change for the better going into October and certainly November time as I would expect news flow on several accounts by then. This of course is only IMO.
Once there is direction and news (esp.on the Harmony JV) then the SP should hopefully start to react. Don't forget that the latest issue of shares were at 6p and the share price is sitting below this level currently. WH Ireland also have a target price of 15.3p in their latest note.
It will take a few years I feel to see the SP mature and really find its level but hopefully with catalysts (news flow) along the way we can see a sustained rise.Truth is who knows. The market will obviously decide.
The company is well run IMHO and has already got a JORC compliant resource (see RNS releases).
Still underwater here. Needs to hit 3p for me to break even.
It all depends on what your feelings are and whether you consider that the current price is good or if you think it may go lower.
Also consider how much you have invested and what it will bring you avg down to if you decide to top up.
You are the only one who can make that decision. GL.
I am sure it will come good. Just need a little upward momentum to pass £1.80 and then hopefully we can get back to over £2 per share.
The last figures were promising and the broker estimates appear to be suggesting a much higher price.
Also, there is a small number of shares in issue. The company is profitable aswell (from previous published figures).
Any holders here from £3 days?
I think you will be waiting a very long time before we see 20p. I don’t see it reaching this level anytime soon unless they pull out a massive RNS regarding new contracts/mammoth revenue streams.
I can however see 9.5p-10p short term once the electric issues are resolved and we get a stable connection to the main grid from another provider. It was holding around the 10p level for some time before it dropped.
GLA
I would like some reassurances from the board here mainly how all the financing will be done. It is going to cost a fortune (eye watering amount) to even get this new project off the start line (in my view at least) and in a position where they can actually mine it.
We need clear timelines as to when, how and at what level of cost each stage will be. I don’t particularly want to see heavy dilution early doors (as I am sure other SH’s don’t).
The deal does look good but it needs to be done extremely cost concisely and effectively. We will have to see how it pans out but with the expertise and experience of the board one would hope they have the interests of SH’s at all times.
At the moment the SP is heading down and not stabilising.
Going by the trades someone wanted 30,000 but had to do it in three orders. Poses well for a possible rise today.
Don’t invest then is the simple answer.
Samthespaniel - I agree with you.
These so called ‘share tips’ should be read with caution in my view. How many of these really make people money? Some maybe but I guess it would be a question of timing the market correctly for an entry which will essentially decide how much you make or indeed lose.
The shares in issue here are very high compared to other shares.