The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Good to see churn happening at higher levels. For those who haven't seen, check out Pancontinental's recent presentation here: https://p a n c o n r e s o u r c e s .com/investors/presentation/ (remove spaces inbetween url). In particular sldies 14 & 20.
Slide 14 shows the geology of what they think led to gold deposits on their play and how the shallow oxides that were mined in the 90s may only be the tip of iceberg. Slide 20 shows the IP chargeability (that we're currently analysing). The resonance it returned are the high priority targets they're currently drilling (RNS - 28/1/21). These drill results should indicate what's possible from our own mag surveys (when they are analysed and reported). Really exciting time for LEX.
Placing going ahead. Sounds like listing should restored shortly, maybe next week.
Yep, not exactly a 250k buy after hours but decent pick up in volume. More liquidity will help with the spread but no doubt that will come with inc. newsflow. Difficult to judge "the bottom" but I think anything under 3.5p will reward holders come summer.
Obviously it's always ideal when the board stays on topic. Regardless of intentions, lets keep this RDGC and related info.
Eyes on Pancon's phase 1 campaign. They're a step ahead of us - analysed and modelled IP chargeability and are now going for priority targets. Why do I get the sneaky suspicion that brewer will be upgraded just like Haile was?
Vote by today so if its passes possibly unsuspended on Monday? Or do people think we need actually wait for AGM? Either way, not too long left.
Quiet period as we're waiting for drilling to start followed by results. Any ideas as to the plan after VTEM/geo in relation to drilling? We likely to see a 1,000m+ DD campaign over the summer? Brief look at presentation and prospectus was short on drilling details. I know they've got a decent amount of cash so I'm expecting a good campaign after infill and geo results are back.
Also noticed in Pancon presentation, they think brewer has much larger sulphide deposit deeper than current explo drill results similar to other breccia systems. Food for thought...
It is dragging but I don't think there's any need for concern atm. The dates relating to the suspension are well known so they just need to pass. If we are suspended past placing approval and allocation, then I'd be worried.
See all othe other SPACs making a big move. Bodes well for us when we trade again.