The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Just been looking at the chart subsequent to the recent move up which took place with much increased volumes and a breakout. Despite the pullback, which has been accompanied by paltry volumes, the breakout remains valid, as long as we keep closing above 3.20.
Longer term objective still remains 6.0p. We're just waiting for something to light the touchpaper to set it off on the upward trajectory. That's probably the announcement that's been promised about the drilling starting. And hopefully other goodies too. In the meantime, interesting to note that there has been a bit of chunky buying amid the low volumes. Someone's accumulating. Probably the gnomes of Bangkok.
It's all to play for people. Follow the money!!
What are all the, asterisk about? It doesn't link up to anything....
I can't believe he's a broadcaster. Frankly, he got half the facts wrong, but made a couple of decent points. Really, I could do 1000 percent better myself.. Who is the Alan Green man?
Doesn't link to anything...
Unable to log onto the periscope thing. It assumes I am a member which I am not, and does not let me create an account. Are there alternative methods to hear this thing?
Looks, like, we're starting to develop, a head of steam here. Flaggy breakout still operative, all we need now is a close above 4 to confirm next target at 6.0-6.5. Put your seat belts on..
Good to see someone putting their money where their mouth is... Yyyyaaaaaayyyyyy!!!!
Come on guys and gals, what's this pure speculation, is it going to hit 2.75 b4 it goes stratospheric? Is it going to hit 4.00 b4 the news comes out? Who the hell knows. What I do know is that they have 6 prospects in a 1st world jurisdiction. Top management has the track record, the announcements are surely forthcoming (unless they are fraudsters). If you are looking for this thing to move up substantially, why risk a "FOMO" INCIDENT when you can buy at around 3.5? No point dreaming that you maybe able, to pick it up again at the placement price.
Actions speak louder than words!! Get yer buying boots on... Fortune favours the bold!!! Am I clear?
Somethings brewing here... Not quite sure what it is, but I'm not a seller yet.. Mr. Fryer has a sound concept, buying businesses onn EBITDA around 1. If he can do that... He'll be my hero.
Also noticed the big trade yesterday for 416K Shares, £14,500. Someone or some people more likely, are picking this thing up in size.
Hi there Oaber. Not sure why you'd be throwing cold water on major shareholder buying. Surely it's the opposite? I think one should really be asking "why are the major shareholder still loading up". If you do your analysis you can only come to one logical conclusion... They think the price is going up from here.
Why? Simply taking out weak holders reduces supply available to other willing buyers. Also we are awaiting some promised announcers in the near future about drilling and geophysics as the CEO promised just before Xmas. Lastly, this is a management team that knows each other well and has a great track record.
I'd be loading up beside them in advance of the announcements rather than wait till the stock price has doubled or tripled..
Difficult to say, depends on how, busy the assay labs are. My best guess is 4 to 6 weeks. We're also due and update on the geophysics too. So my, guess is that over the next couple of months we'll get 1) announcement as to start of drilling. 2) announcement as to geophysics and 3) results of drilling program. These should be very exciting times as the drilling moves on. With, of course, concomitant moves in the stock price, hopefully, vertically upward.
While it is true to say that football supporters are generally delusional, that only applies to some of them. Try, for instance also, political parties, organised religion (especially) and nationality. They are mere constructs of the human mind. However, the process of "identification" is one that is common in nearly all human beings. However, does this prevent a community from using the epithet "we"?. Yes, we need to be on our guard against identification as it can cause extremism.
Identification can have many formats, including negative ones. I note you mentioned you sold your LEX stock b4 suspension. I also note that b4 suspension, LEX was a cash shell, and you sold. Now it is not a cash shell, has funds on hand to last till 2022, and has 6 gold prospects to boot. If it was worth holding for a period b4 suspension, surely there are many more reasons why it should be held now? Or did you sell when the price was way lower than now and are "identified" with your mistake with an internal voice telling you that you initial decision to sell was the right one? Strange thing, the human mind. We think we are all logical decision makers looking in with objectivity. If we take the time to look into ourselves, we find this not to be true. We are, delusional in that sense and some, rather a few of us, fight a battle every day of our existence to resist the delusion.
I can't see why the use of the word "we" is so, problematic. After all, we, are in the same boat together are we not? Unless you don't own any LEX? Perhaps you should buy a fix and be part of the "in crowd". After all, if, in the unlikely event it goes to the wall, we'll we can always use the certificates as wallpaper!?!?!?
Mr. Long, anybody who relies in a rating agency that does no in detail research on stocks like Lexington is going to miss out on opportunities. Nobody is saying that this is a slam dunk, what may of us believe, is that there is enough evidence to think that there maybe a profitable mine in one of the 6 prospects LEX owns. Plus they have a management that has a superb track record of discovering resources in many locations.
If its not your cup of tea, risk wise, I understand that, but there is room in most people's portfolios for a bit of high risk high reward stuff. It's up to you. But I would not be basing my decision on stockopedia. There's tons of quality information in this chat. Take the time to scroll through, then make your own mind up.
Nice bit of chart consolidation yesterday. Expect a bit more work between 3.4 to 3.7 for a little while and then we should be off to the races again.. 6.0 here we come..
By the way, that 250k sell that just went thru at 3.5p was me, I was buying, but at the time the bid and offer was 3.5 bid at 4.0, so it got called a sell as it was in the bottom half of the spread.! Even though it was a buy in reality... The delights of market maker stocks...
Also loads of idiots selling to MMs today and letting them off their short positions. Pity. Never mind. Consolidation inevitable after the run up of the last few days.. Stay calm, or lie back and think of England!! 6.0 here we come...
If you're trying to sell thru an electronic broker you'll get a lousy execution either at the bid or offer. If you put your own bid or offer up in a market maker set up, nobody can see it. That may explain why you can't sell. The market just can't see your trade. That's the downside of market maker systems.
1. Looks like breakout confirmed
2. Mainly buys, only 300,000 sells out of 1.3mn traded
3. Onwards and upwards to 6.0