Member Info for lptuf93

All buys - above advertised mid with sells a lot lower (2.62 to 2.71). Pure Ice taken another 750k. Add it to recent trades, must have got to 21%. How are PIs still uninterested chasing the top 10 movers?!

I remember company releasing pictures of the sulphide-laced cores during spring drilling campaign and no one batted an eye even though company stated these are likely to be gold bearing. Then when assays were close to release, we had our move which was close to 100% from drilling commencement RNS (30m @ 1g/t+). Now we've got gold-bearing drill chips as well as additional drilling based on very promising visual observations. Any guesses as to where we'll be on/after assay results in Jan & Feb?

I also expect extra-drilling at JKL as well as more tenements being acquired that'll essentially join Jones-Keystone and Loflin as historical data point to these being part of the same deeper system (similar to Haile being compose of Snake, Ledbetter, Champion etc. deposits). At some point they'll release seismic data too likely in the form of a new presentation which I can't wait for. Everything we've being going for has been shallow - is there anything hiding below 200m?

Also worth mentioning, AIM in general is still in a malaise. Index is around the same price as January 2021 so the majority of shares have been static, market is pretty terrible. Majority of my recent winners have been on TSX but I expect there to be a big winner(s) at some point to reinvigorate AIM. All we can ask for a company is to fulfill their work commitments operationally and hit certain milestones (which they've been doing) and at some point the market will recognize that work. I mean, the company is great with providing operational updates and have even stated they've seen very promising sulphide/quartz veins - to the point where they've drilled to further holes to confirm the continuity of these intercepts so the 2nd batch of assays should hopefully show thick intercepts (~20m @ 1g/t+).Risk-reward here is pretty incredible given the large 5,000m campaign in a known gold play against our low market cap all of which is fully funded so I do expect good movement here in the near future. So does Pure Ice as they've been slowly increasing their stake who, like it or not, probably have a much better understanding of LEX than any of us PIs. This price is a gift for those who believe in this exploratory play.

Well, if you look at the last trade last night before close, 250k @ 2.9p - that's above the mid at that time and above all the sells earlier so I think that is Pure Ice. They're clearly not done yet and I wouldn't be surprised if we see more round buys down here. Absolute steal considering newsflow to come.

You're joking, right? A resource estimate would take months ONCE they have the assays through (which they won't get until the end of Jan). There is limited drilling on C. Belle even including the 2600m we've just completed so I'd think they'd need another campaign with atleast some diamond drilling. Loflin had 6,000m+ prior to resource so I think we're well short. Resource priority is for Jones-Keystone as that's had well in excess of 10,000m drilled.

Great update tho.

Production may not have succeeded but he was successful in drilling and forming a resource at Bezant and that is what we're here for. Here to ride the lassonde curve through exploration.

Pancon (TSXV:PUC) just announced 62m @ 1g/t around 150m south of former mine which they believe is a separate deposit to the current holes under the former mine. Interesting as this is what LEX are targeting currently with some drilling separate to Iola/Uwarra mines at C. Belle and soon at JKL off of recent geophysics. If they can identify separate orebodies on their claims close to current known resources then we should be looking at a rerate in the multiples from where we stand as we're adding significant new deposits. Looks like there are lots of greenfield opportunities on top of the brownfield ones.

This one is a particularly illiquid small cap. Actual spread and advertised spread always different. 3 - 3.08p when I bought so all trades at the current advertised prices will show as sells. LSE works for the most part but not always.

Posted another update on twitter, onto the last couple of holes on C. Belle - rig should move to JKL next week. Operationally, everything going to plan.

3p was a solid base prior to last campaign. Could move further down if seller has more 250k tranches to offload but I think R/R down here is phenomenal so I've taken another 100k at 3.08p. Average at 3.7p but this moves quickly when its firing so no doubt I should start seeing paper profits in mid-Dec.

I too am sitting on a loss but am not worried at all. Look back at March/April - drilling away and some holes had been sent off and we continued to drift from 4p down to 3p. Then when drilling had completely finished and assays were close to returning, we started our move north. I'm not saying history will repeat here but on the back drop of Gold breaking $1830 and looking to run & assays returning early Jan, I wouldn't bet against it. Assay labs globally are having COVID-related delays. My South American & African explorers are also waiting on labs but it is what it is. Obviously if you don't have the patience and want to jump on, there are plenty of explorers on AIM to choose from.

Great to see Pure Ice break the 20% threshold. Their chunky buys are cancelling out our seller (whoever they are). Fantastic opportunity to add - tightest spread I've seen in quite sometime.

Yep, looks like Pure-Ice will be over 20% shortly. My comments weren't directed per say at management - think Bernard and the team are doing a great job, haven't put a foot wrong. More so to PIs thinking we're fully funded and therefore will not be raising this year. Situation is dynamic - raising money is a good thing if it is at a reasonable discount and will fund operational activity and I hope management take advantage of that if we're a lot higher. This is one of my largest and most-researched position so always keep my views balanced on both sides. I am surprised we are substantially below 4p but will continue to take advantage and build whilst the market is blind to this opportunity.

I believe they have ample finances for this programme - should still have ~$1m once complete. However, in this toppy environment (overall market rather than commodities), if they have strength in the share price and we're pushing above years high then we should definitely consider a raise for future campaigns. I think it's poor oversight by management raising from a position of weakness, particularly in an bearish environment so do it when our backs aren't against the proverbial wall!

If they could pull off ~£5m @ anywhere above 8p, think that would be an absolutely stonking result. Really give them the firepower for a 15,000m campaign with some diamond drilling mixed in too, go for a substantial increase to current resource. Getting ahead of myself but just my opinion, I'm sure other investors in LEX will disagree and have their own views.

Would guess a cash call so a PI offloading. Pure Ice was loading up only a month ago & as they are close to management I'd think the chances of a raise are unlikely, particularly at these low prices (but wouldn't rule out a PP higher up to extend RC drilling campaign). Not going to get any cut slabs of cores drilled but RC should be much faster so hopefully they've drilled a few holes in Carolina Belle and will send off a few at a time to Canada. If we were 6p based on run up to last drill results, we should be a lot higher on the run up to this campaign. Stand by my 9-12p call depending on assays.

I took 100k @ 3.49p earlier.

Agree. I don't think the move will start to happen until the end of November when drilling is coming to an end as per Spring/Summer campaign.

I will definitely be looking to add in the coming weeks if we stay at this level.

Found this on a Revolution 2013 presentation. Looks like some of these anomalies on Loflin may be drilled (as well those on JK). No doubt the fixed-wing survey has enhanced these zones for better targetting. No doubt we'll be in for a good winter!

https://twitter.com/tufffy93/status/1449715483469615104

Hopefully we'll get a confirmation RNS next week to say drilling operation has begun rather than just arrived on site RE:1/3/21 update.

Not sure if any relevance or just cross-ramp. Same space but completely different ends of the spectrum. Haveiron is a complete monster that'll likely dwarf Haile mine in the not so distant future.

But we've got something special here too. Potentially better risk-reward profile for shareholders investing today in each co.

No rationale based on current news for the slow drop. Just more games as we're waiting for drilling so I took 50k @ 3.69p

Nice update from Lex whilst we wait for drilling

https://twitter.com/LexGoldLtd/status/1446035837087621121