RE: Looking for a Gold play in the USA? Then take a closer look at Lexington Gold say @TMsreach09 May 2021 12:13
Excellent volume last week, nice move up, gold price in appreciation mode, first two hole assays out may be next week, almost 4 sure the following, what's not to like? Stay tuned y'all and pick some up with your spare cash.. Last chance, saloon...
Don't 4get our CEO sounds really optimistic about this..
Last chance saloon to pick this one up.05 May 2021 08:18
Aside from the margin call debacle, which interrupted our ride, up, I still fail to understand why this stock is, so underappreciated. Yes, it's an exploration play but, 1. Its a first world asset, 2. Near roads and all the major infrastructure you could need, 3. Historical mining all over, 4. Risk diversification through for different prospects, 5. Major shareholders continually increasing their stakes, 6. Drilling results which the CEO is, openly optimistic about...
What more can I say... Drilling results out soon, buy now, or forever hold your peace, s*** or get off the pot, etc etc.
Yes. Similar, but we have something on those guys, 4 properties, not 1, LEX also has an old mine next door to the Jennings Pioneer prospect near Georgia. Barite Hill, 500 yards away. They have mentioned some interesting anomalies from the geophysics on that property too. And yes, Carolina Belle was mined in the early 20th century at grades of 10g/tonne. All to play for, and plenty of risk diversification too here. We're not putting all our eggs into one basket!!! Drilling results in the near future too. Plenty of reasons to buy....
Weakness in last couple of days caused by an e broker account hitting MMs bid 50k at a time almost every hiur. So I am reliably informed. Looks like we're on the way back up again.
Gold in this prospect has always been associated with Sulphides. I can't see any reason for it to be any different this time... The CEO has pretty much said so but isn't really allowed to say what he actually expects. Never mind, the truth will tell. We may get some results next week. As Confucius he say... "May you live in interesting times!". Absolutely!!!
So just looking at last Wednesdays RNS, results shd be due in 2 to three weeks. Yes, the stock popped on that news but has gone to sleep since. So, 1. Gold price is on the way up, 2. The Gnomes of Bangkok are topping up consistently, Pure Ice is, topping up I He maybe a gnome too!! 3. The recent RNS says historically sulphides have been an indicator of gold at JKL, and guess what, we've seen sulphides in EVERY hole!!! 4. Not only that, we're only drilling Loflin, the Jones Keystone property a couple of kms to the north is, waiting for the drill. 5. CEO has has good as said they expect to announce a maiden resource after this drilling campaign, 6. They've acquired the mineral rights to land next door to Loflin, presumably because they are confident the structure steps out from where we are now. 7 The technicals have turned positive.
LEX is crazily cheap, we'll have an announcement with a bit of luck in 9 days and the stock's gone to sleep again... Well, boys and girls, every picture tells a story, and from my perspective, this one is getting more profitable by the day.. What's holding everyone back? Beats me this isn't at 5p already. It will be there soon though.
Breakout fm descending wedge on huge volume today. Rock solid support at 3.0p. Moving averages turning up short term. Gold chart also looking good... Maybe getting ready to get through the stiff resistance over 4p. I like what I see. Almost no stock out there when I checked with my broker earlier..
If you take a look at the RNS recently, it looks like the time scale is a couple of weeks from now. Why this stock isn't going up is beyond me. The major shareholders are all buying. Funds are switching shares into different accounts, the CEO in today's announcement is coming as close as he can to saying that we've struck gold, so much winking and nodding and the donkey refuses to move.. Unreal. In the end, the results will show through.. Only another couple of weeks... Patience is a virtue.
Quite amazing.. All the major shareholders are buying the hell out of this stock and nothing happens... Maybe all donkeys are blind after all!!! Very odd.... Suppose we're waiting for drilling results.... Ah well, another 2 or 3 weeks.
Methinks there is still some fallout from IG markets stuff. The news yesterday was actually quite positive. Drilling results soon and a pretty strong hint that we are going to get a JORC compliant resource. We are potentially on the way to being a mini Haile!!! Having said that, all the major shareholders have upped their stakes since relisting. What does that tell us?
As I have been known to say, "a nod's as good as a wink to a blind donkey". There's also been a pick up in volume too. The market is soaking it up, or rather some clever people are letting the lunatics in the asylum sell to them at the bottom!! Hang on in there. Not long now.. Buy.....
Well I wasn't expecting that one!!! Great announcement. Missed it yesterday. So we've still got geophysics and drilling results to come out. Looks pretty good to me. More grist to the mill. Funny how buying attracts buying, people buy when everyone else buys. It just needs a simple spark to get things moving. In the meantime, those who follow this thread should be doing the obvious and getting their feet wetter.... Buy buy, not bye bye..
I have heard that labs in North America are very busy with the price metals where they are and work patterns being disrupted by COVID. I'm sure the power that be at LEX are doing what they can, but I reckon a bit of patience is in order... Well done to remind us of the previous drilling results at Loflin...
Well well, the cat is slowly being released from the bag.. They are picking up drilling rights to the north of Loflin, because they suspect that it joins up with the Jones Keystone formation to the north, and from what I saw from the Revolution brochure, that prospect looked like a slam dunk. Interestingly, they are also going south and west. I think we have to ask ourselves the question why?
Well the answer has to be the obvious one, that the structure radiates out in those directions. Also mentioned is the presence of sulphides in the drill cores, yet another good sign of gold continuity where management says they hope to be infilling, in other words, proving up a reserve... Looks like there's gold in tham thar Carolina 'ills miladdies.