Member Info for Dibs61

$111 UP $8 in the last trading day.

The price here should be rising exponentially.

Decent support and a splid base at the recent placing price of 4p. Getting primed to join the gold rally.

You have to think WCS is going to soar tonight.

This has been left badly lagging behind its peers in this mahoosive gold bull market.

One day soon this is suddenly going to leap 25%, 50% in one session.

Lots of catching up to with the SP here the same as when gold was $2,000. Crazy!

This reminds me of EEE…..in the early stages. And look what that did!

404x - absolute Tosh.

Quote : ‘With just 4 months to go and for years the JV having done absolutely nothing with it, question becomes why would the authorities grant the renewal?’

Done nothing with it? lol. No they have only proved up a JORC resource of over 6m ozs. Oh and they’re just completing a comprehensive mining study to proceed with a mining licence Application which they are currently working on.

‘ value of the rump US assets are so greenfield they'll only be a fraction of the present £20m market cap’

Again, absolute tosh. They have recently increased the JORC resource to over 320,000 ozs. Do the math for the inground value.

Fraction it isn’t!

So No it is NOT a binary bet. I haven’t even mentioned Witwatersrand or Botherville or Ventersburg…

Binary bet my hairy a*s

LEX is currently valued at broadly the same market valuation as it was when the Gold price was UNDER $2,000.

The Gold price is now over $4,900. There is a massive opportunity here amongst all the other gold stocks which have already multibagged. This one hasn’t moved yet but it will. This is not purely an explorer as LEX already have valuable JORC defined resources in both SA and USA.

And of course the Jelani licence will not drop! Much more likely They will be announcing the submission of a mining licence soon.

But DYOR.

Oh yes Witwatersrand is gi-normous. Market running blind on LEX.

Now the company is cashed up this is primed and ready for a great run considering the newsflow due in coming months.

I will be adding. Fo Sho.

Legalwolf good post, this could easily do an EEE.

Quite clearly a very long term buy and hold.

Jenson - it’s actually irrelevant what anyone here thinks the SP could reach this year. Because none of us know and it’s pure guesswork. My position is that I believe this stock is fundamentally undervalued at this level. It has prospects and financial backing which all of its peers can only dream of having. It has a solid valuable resource (Verkhuba) which it now has a free carry on all the way to production and will still own 30%! So it is no longer just an explorer it is also a developer.

Its finances are now remarkably strong so there is no prospect of any further dilution for the next year or perhaps two years. And by then Verkhuba should be in production so it will be a revenue earner.

So perhaps your question should be is this stock fundamentally undervalued and, if so, how much am I prepared to invest and what is my timeline and do I have a target price?

FWIW multi bagging this year on the current price is entirely possible and indeed quite likely. With a longer term horizon the sky is truely the limit and the CEO has made very clear he wants much more than 5 x. And he is heavily invested and aligned with shareholders.

HTH and GL.

A VERY exciting year in prospect here. Multiple projects and prospects in play - both GOLD and Copper as well as zinc, lead, silver and possibly REM’s. All FULLY funded and backed by major partners.

DYOR

Plus Copper is UP another 1%

Well done to all those who traded this by buying in the 40’s or 50’s. If you are going to, or have cashed in, good work.

For those still in, oh my word, squeaky bum time 😆😳

Good posts by all this morning 👏🏻

We can now drive forward on all fronts. Funding secured. This is another stock that is ridiculously undervalued given its assets and prospects. It’s as though this market is stuck in a time warp where gold is still $2000.

The RNS literally states that a mining licence application WILL be submitted for Jelani. This is in advance of the mining study results! So there is little doubt the study will be very positive indeed.

Wakey wakey Mr Market. Asleep again on the job!

My own view is that they received some ‘feedback’ in terms of, let’s say, ‘initial’ assay results some weeks ago. They went back to the lab and queried the results and asked them to reassess. Why? Simple, because they did not show what they expected.

Cast your mind back to the RNS where they stated they were ‘working with the lab’ to assess the assays. There’s your proof.

By doing this they delayed the requirement, the need, to release the results. The NOMAD confirmed they were working within market regulations to do so. They can only kick the can down the road for so long.

This latest attempt at a SP rally has faltered and fallen far short of previous rallies meaning the downtrend is still intact and the market lacks any conviction or belief and is mainly traders and speculators.

If I’m wrong, plenty of opportunity to dive back in but the SP rarely lies.

The Gold that LEX definitely possess in JORC resource in the ground is now worth more than DOUBLE what it was less than 18 months ago.

Yet the SP has not moved higher at all. No increase whatsoever. Possibly now one of the few gold explorers that has missed out entirely in the gold bull market.

That’s got to change surely at some point.

Gold price through $4500.

Market cannot and will not ignore this much longer.

Hard assets in the ground. Detailed Jelani mining study due.

This could SOAR.

Mp12345 - “A 50% increase of fcuk all is still fcuk all that’s why 😀”

Maybe ‘fcuk all’ to you but to those who get the timing of their purchases correct….😉

Update : now 60%

I always refer back to a quote in the market “The share price always tells a story”

I think something is afoot.

Surprised no one is commenting on the SP movement in the past month. It has risen by 50% albeit from a very low low.

But it’s not been a spike it’s been a slow steady rise on no news apart from the small director purchases. Interesting.

In relation to any misinformed comment on Jelani, specifically by the poster ‘tbcx’ LEX issued the following update on Jelani on August 18th last year:

“Jelani Resources JV Project ("Jelani Resources"), South Africa - Bara Consulting's Conceptual Study

Further to the Company's announcement of 17 March 2025, the scope of the Jelani Resources conceptual-level study with Bara Consulting (Pty) Ltd ("Bara") has now been expanded beyond its original scope in order to provide a more detailed and robust evaluation of the project.

The enhanced scope now encompasses a more comprehensive validation of the proposed mining approach, broader assessment of the available infrastructure and capacity, a refined preliminary mine design and scheduling, as well as deeper high-level capex and opex modelling, including associated cash flow analysis.

This additional scope of work means that the study will now take longer than initially anticipated but is expected to deliver a significantly more comprehensive and value-enhancing blueprint for the project's future development. Lexington Gold continues to collaborate closely with Bara and Harmony Gold Mining Company Limited ("Harmony Gold"), our JV partner, to complete the expanded work streams and ensure robust technical and economic validation.

Upon completion, the study's results will be presented to the Jelani Resources' board, including Harmony Gold, for review and strategic analysis. Following such assessment, the Jelani Resources board will determine whether to advance with a Mining Licence application. A further update(s) will be provided in due course.”

With the Gold price at nearly $4,500 who seriously believes the economics will not determine that a Mining Licence application is warranted? And this will clearly happen in the next few months,or possibly weeks.

This will carry serious value accretion for LEX. And LEX’s share of the project will more than likely be bought out by Harmony Gold.