Member Info for rosetintedspecs

Its worth trying to get shares in the placement. However, no guarantee you will get any. If you are the company and you want to keep costs down, you place the stock in big blocks to HNWs. What I am saying is that given the track record of the current management in identifying historic opportunities, there will be lots of demand for this stock. Don't for get the MMs will be crawling over each other to cover their position. If I were management, I would be trying to place the stock in strong hands, fewer bigger holders who are less likely to dump the stock they buy in placement if it moves up 5%.

If they consolidate, and it seems to make sense to do so, your number of shares will drop by 10-100 times depending on the consolidation factor, and the new shares will be issued accordingly. HOpe this helps....

Are you all just fair weather friends? Where is the camaraderie on this chat room? Are we not missing each other? I am amazed that no one has posted since the 29th, and that was me. Maybe I have verbal diarrhoea!! Hahaha.
Well then so what is new. Given that I do a bit of natural resources stuff, interesting I had a mate call me the other day about yours truly suggesting that they really are looking to do a deal at more than the price we went off the boards at based on the fact that the gold price is up by around 10% since suspension. Can we really doubt this? All I can say for now, is that I am going to e-mail them at the address on the website and apply for some shares in the placement, suggest you all do the same. By now while stocks last, if you don't you'll regret it. How can they refuse long suffering shareholders........ Join me if you will.

The more I look at this the more comfortable I become. We have 4 shots a glory here. Lexington is not a one horse town. Its multi faceted. We know about the gold, but gold is so often found in conjunction with many other metals, silver, zinc, copper. I'm totally turned on by the fact that it seems so much of the spade work has been done already on at least two of these concessions. They must have some very clear targets in mind to drill. Results may well start coming out thick and fast after the placement is done.

Off to the races all. I reckon we've got some serious wind in our sails...

You're missing the point. The reason it's an RTO target is GAR ran out of money. Hence, rather than losing the whole kit and kaboodle, they back it into a listed shell in exchange for shares and future cash if certain milestones are met.

Lexington will now raise capital which the directors have a ton of experience in, complete GARs work and everyone's a winner when it goes up 10X.

Simple.

I think there is a very good chance of a premium because this is effectively an IPO not and RTO. Its a brand new business and depending on the quality of the prospects, they can ignore the price it went off the boards at three weeks ago.... Anyway, let's wait and see. We can, at least. have grown up conversations about this now that the waiting games are over and everything is above board...

AS mentioned in a post elsewhere, there is potentially 200X upside on this stock, 4 times over, if I were a betting man, I would hold on to this one like a prize clam!!!! You've got 4 shots at glory here and we know, from what we have been told today that there are shows of gold in all of them and detailed geology in at least 2 or 3 of the prospects, I like it....... gets the juices going, just like a nice clam!!!!

What link is that Milli? He is quite key in all this I suspect....... Do you know something we don't? Spill the beans....

OK. I have had a look now. The thing is, the gold is there!! Its not a question of "if". This makes it exciting because for at least three of the prospects, its been mined there before, and sometimes, like Barite Hill, quite recently. So the real question is; "How much is there?". That's why they are doing all the drilling on the more advanced prospects with a bit of aerial and electromagnetic to see in the not so well explored properties, what maybe there. Compared to many gold exploration plays, this puts them way ahead of the game!! They already have a really good idea where the gold is and have the opportunity, if they hit paydirt, to acquire acreage in the area. So what's it worth?

Well, let's take a look at the Haile example. That was sold in 2015 for US$ 850 mn when the gold price was $1,150/oz and cost of production there is 900/a ton. The gold price is now $1,950/tonne. It does not take a genius to work out that this deposit is probably worth $2bn right now. So Lexington has 4 prospects, not just one in a very interesting area, with lots of promise that has been underexplored. Each one has the potential to become a Haile until proved otherwise. How much is each option worth? Well as a punt, if each one is worth say $5mn each and they conservatively have the potential to become worth $1bn each lets say, we are buying in at, in horse racing terms, 200/1. So those are our odds, if it 2 of them come in, its 400/1 if all of them come in, its 800/1. So if its capitalised at $20mn (GBP16mn) I would say that's quite a deal!! So they are raising lets say GBP3mn, lets assume the shares in issue double to raise the cash required. It indicates that the stock is worth more than double the pre suspension price, (3.7mn market cap, + 3m in new shares= GBP6.7mn) vs GBP16mn punting horse racing value.

I would say this is definitely worth a punt. Its not as if this horse is an unknown quantity too, we know it has form, Lexington just needs to prove its fitness to win races. This will be a very interesting ride.

Fill yer boots!!!

Its Automatic. Don't worry. They should inform you as long as you have ticked the box saying you want updates in this on line world!!

I am sure these guys will consolidate to make the price sensible. My suspicion is that these guys know what they are up to and will treat this like an IPO rather than a placement in an existing business, which is absolutely correct. they will try to relist and place at HIGHER prices than suspension. Looking at what they have to put in, I think they maybe onto something very interesting. Looking at details now. Remember, this group did Aquarius Plats years ago, that went fm $20mn mkt cap to 4.5bn....... Every picture tells a story!!

It's a bloody stormer. 4 different locations in an historic gold producing area with lots if work done already. There's a huge gold mine in the area, Haile.. Around 200k oz per year, production cost 700 bucks a ton. Similar geology. What's not to like with developed country infrastructure and laws already in place.

We're off to the races.... MMs eat your hearts out.. There will be a placement. I'm sure you should all be queueing up to get hold of it.

Oh ye of little faith, be chastened!!!

Yes, it's happening price wise faster than even I anticipate. Long term objective, $2600/oz. In a couple of years...

Let's wait for the RTO announcement, then we'll all be able to have grown up conversations about the future..

I am a chartist before anything when it comes to liquidity driven instruments, and gold is one (RLD is not, but wait a few months for re-listing and the royal screwing of the MMs!!) , technically, gold is very strong, all the major currencies on the world are devaluing themselves by massive money printing operations. Gold is priced against major currencies, and if they are all going down the tubes together, and the wall of money continues, there's nowhere else for it to go except stocks and physical commodities. Gold is usually an idiot sentimental investment, but now, it makes sense to hold it as a store of value while most of the major governments of the world are protecting their citizens from COVID my dropping helicopter money all over the place.

Gold will be well over $2,000 an oz by the end of the year, my medium term objective is $2,150, short term, $1910, in the next week or two.

Watch with interest when RTO happens, can't wait to stuff the MMs. hahaha!!!!

Yes, its been a bit lonely here for a while now. Keep the faith boys and girls, patience is a virtue..... I am sure they are negotiating furiously with the notoriously difficult bloody time wasting NOMADs who seem to get off on bringing up totally useless stuff designed to "minimise risk". Business is about risk, you can't avoid it, any business that is risk free is not worth owning, the returns would not be there!!Especially in mining and exploration!! We'll get there, a little bumpy though the road may be!!!

Stay the course and prepare for the ride!!!!

Well a week has now gone since suspension and I'm getting bored. You mention Greenwood has a property background, I thought he was originally a stockbroker in Thailand. I'm sure he still has his contacts in finance and is beavering away in the background to get a creative financing package post RTO sorted.

Perhaps an innovative structure may come out of this if he has anything to do with it? I'm still sticking to my guns, RTO for my money... With a placement. And can't wait to see those MMs squeezed when this comes back to trade. Let's watch and wait, and resume later.... When the news breaks...

By the way, I like the idea of the 4 prospects, all kinds of metals, spreads the risk, could be really exciting with tons of announcements once drilling starts, which I assume it will as soon as they've got ££££ in the bank....

In a non Hong Kong democratic world, we are entitled to different opinions, however, I think the MMs were just using the maths, most AIM listed companies who are RTO candidates, end up going bust. That's why they are short.. I don't blame them, as you point out, they've been doing this for years. They have just been caught with their pants down this time.

Over the last 6 weeks they have been trying to walk this stock down, even on the morning of the 30th... Big time!!! They failed, pure and simple. They have bigger fish to fry I assume. It'll be interesting to see what level this stock comes back to trade at, They still need to cover their positions.. I can't wait!!!

I guess. Placement of new shares to fund a drilling exploration program, one would assume... Depending on how much info is already available. Prove up reserves.. Sell, put money in pocket...

Yes. The mine that was bought by Oceana, Haile, is bang slap in the middle of the area where the prospects are... We assume, without seeing a map..

Ahh yes, they tried so hard to push it down yesterday and they failed. They will now pay the price for their arrogance... The announcement says it all. I reckon its all over bar the signing. Nomad wouldn't let them say what they said without the announcement being credible... Let's make some hay while the sun shines, and some££££££ too. Amy sellers put there? I'm an off market buyer still..

It really is, weep MMs, you are about to lose your shirts...

Very interesting question Numpts. Basically, MG has bought 30% of the company, and if you look at the records, they were all bought as 2.5mn, 5mn, 1mn, 10mn blocks. That's because the MMs were going short. Yes, the MMs picked up a few in the market in the meantime, but they really really didn't pick up the 20% that he bought outside the placements. Also, bear in mind that other people will have been buying chunks as well. So all in all, assuming there is a suspension announcement Wednesday morning, the MMs will be royally buggered. This is a relatively tightly held stock. There's not much out there.

Watch for an RNS in the morning today, and, probably, much will be revealed.... Hope this helps and hope you've bought a ton of stock while it lasted...