The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
For what it's worth, I'm incredibly bullish regardless of stale trading activity here. Those grades are incredible and that area identified was picked up Orford mining back in 2018 when they did their soil sampling. No doubt the geophysics earlier in 2021 strengthened LEX's understanding and we're finally seeing it deliver. Top work from the team.
Always seems like jam tomorrow. Best guess at his point is wait for new ISA year to kick in next week to ensure tax-loss selling is completely flushed through. All is good unless we see TR-1s from the bigbois...
Absolutely exceptional results. 36m @ 1.67g/t Au - 60gram meter hole is superb and better than Loflin results from last summer (best intercept 41gram meter hole). Sounds like there are at least two gold mineralized sheets at L. South and this could become a serious deposit in it's own right. Looking forward to remaining 2 L. South holes as well as Loflin and JK results.
Market is sleeping on this one but won't be long before a sniff of volume and we're off to the races.
I didn't expect us to be at this level moving into drill results but we are where we are. I have high hopes for the next 3 batches of assay results and would expect us to be challenging that 6p area. It does depend on other conditions such as peace in Europe as well as underlying commodity prices. Let's see how things play out over the next few weeks...
I think after first batch of C. Belle results most weren't expecting anything other than <10gm intervals. During drilling other than reporting the odd sulphide chip seen in composite samples, they never disclosed large/thick sulphide intersections. They have done at Loflin South as well as Loflin and Jones-Keystone. I expect a couple 30gm+ Au intervals over the next 6-8weeks.
Great update by MILA on Kathleen Valley project. Clear & concise, great for new investors to the story.
https://static1.squarespace.com/static/57a212373e00bec21a900640/t/6238d0ceeccf4617e6a43a88/1647890645752/Mila-Resources-Handout-V5.pdf
Mark stated in recent Proactive interview 4 weeks which would be next Wednesday but no guarantees these days considering backlog. Always a chance of a drilling update any day - could hear about how holes KV26 & 27 have been going/gone. Imagine 19, 24 & 25 have intercepted the thickest sections and 26/27 likely to be thinner but still shows at least some alteration (glass half-full).
Please don't make me answer that, I'm a forever optimist when it comes to LEX and their assay timeline. In the recent TMS podcast, Bernard mentioned early March for Loflin South results. Obv, that deadline has been missed but I have more faith in AAL than SGS as this is the second campaign where they've delayed reporting. I'm hoping we hear back sometime next week from AAL. It would have been 8 weeks come the end of March so I feel that is a reasonable time horizon.
Decent continuation of the first batch of C.Belle results. Nothing to scream and shout about. The next 3 batches (S.Loflin, Loflin & JKL) of assays should be very good. Hoping these sulphide hits comeback with ~1g/t Au over wide intercepts...
Yes, quite incredible in this day and age people do not understand the concept of splitting trades. Likely would have saved 5-10% overall. Will we hear back on Loflin grades by the end of the week? I sound like a broken record with these assays. One day I'll be right...
Yes Rose, JK geology is sheets of mineralisation rather than a conventional ore body like we see in Loflin so assuming infill hit at least 2 sheets. If we hit 50m at 1g/t, that would be excellent for the company. I'm hoping for a decent maiden JORC at JK towards the end of summer.
Silver lining - looks like the worst of the market conditions have passed (I hope) so good news should be lapped up by the market. Big news over the next few weeks will be:
-Loflin South assays (25m+ sulphides)
-Loflin extension holes/infill assay
-JK drilling update (99% chance of thick intercepts in infill atleast - I suspect atleast 1 interval of 30m+ sulphide intersection)
JK anomalies are the wild card but not sure how many holes if only drilling ~700m's worth. C. Belle assays I assume will be negligible (but not bad)
Jeez that 85k was sold way underbid. In uncertain times like these, if you're in the right space with operational news dropping don't sell as MMs will happily take for next to nothing. Fairly certain that was bought way over 3. Sigh...
Not long to go for initial Loflin South holes
Agree Josh, if you consider warrants as well as future dilution (placing, shares to NGM) for further drilling campaigns then M/C might increase say 10-15x but SP will only 4-5x for example. Still a great return for investors