Member Info for rosetintedspecs

You may be right. My broker is suggesting that the market is still quite short this stock. Even with the volume of the last few days which were mainly booked as "sells" the price is only off 0.1p. This is telling me the stock is well supported whoever is doing the buying!! Maybe there's a new player in town. Whatever the situation, the free float is forever reducing in size, which for junior miners is always good news if we get some ground breaking news. Perhaps if the MMs have reduced their short position, they will be less inclined to push the price back down...

I am keeping the faith!

Tks Mr. Burton for the heads up. Good to see LEX in the list of potential big movers. Good to see a bit of volume moving through in LEX after the new year and not much downward pressure. I am pretty sure that we will be seeing an update as to what the plans are for the Carolina properties are over the coming 12 months which will 1) be aimed at expanding the JORC resource and 2) picking up mineral rights in the areas highlighted by the CEO in the last, very detailed release..

It will also be interesting to see what pigeons come home to roost from the suggestion that LEX is being offered interesting properties outside the USA. Intriguing to say the least.

Here's to 2023!

I hear you there Ippy, but my guess is that they'll be busy identifying the plots they want and talking to owners and negotiating. But they may wish to coincide this with a capital raise for more drilling as well as acquisition of the mineral rights..

But yes, interesting times..

Just what you were requesting a few weeks ago Ippy!!! It seems they are listening. Plenty to chew the cud over during the Xmas New Year break!!! Lots of diagrams etc. I am sure you will be giving them a very thorough once or even twice over!!!

Onwards and Upwards!

Mr. Long, I have often wondered what your agenda is here. The accusations fly about corporate plants etc. However, everything I have put on here is backed up by the original back door listing prospectus and RNS's subsequently. Not a whiff of insider stuff!! Iptuf has found some very interesting historic stuff from Revolution and Orford. Frankly, I think everyone who participates here, unless they suspect that we are all being duped, which I accept, is a possibility, though unlikely, should be acting in good faith to add to the circle of knowledge about LEX which is to the benefit of all holders. As for me, yes, this is a big position for me relative to my meagre wealth, but I am taking my risks along with all other holders and at the same time, hoping to add to the knowledge pool by interpreting what's out there. If you're still a holder then you will benefit too. If you are not, perhaps you will just leave us alone to continue our self delusions......

I am sure that we are all singing from the same hymn sheet!!! Let's hope for a good week in the markets!!! Happy hunting!

Ahh!! Mr. Long. Welcome back to the land of the LEX living. Glad you seem to appreciate the crap. It seems you have been quiet as the stock was going up and have been stirred back into action by yesterday's correction!! Glad to see you're making a profit on this dog with fleas. Perhaps, its becoming a bit more of a thoroughbred these days. Time will tell. I honestly thought you had sold out at around 2p. Glad you were listening to Iptuf and his sidekick Rosie and went against your baser instincts!!

On a slightly more serious note, LEX is correcting and consolidating following a 300% rise from 2p. Now we're waiting for guidance on the next drilling program and the expansion of our resource, which, by the way, is now commercial and marketable. Not to mention the potential acquisitions that are being touted. Still plenty to look forward to... Hoe you stay on board Mr. Long. The ride is just beginning....

Just logged in to their research site. There are two bits of research there. 1. A newsflash about the JORC reserve, on one page and 2. A 17 pager with lots of details and history etc. First glance, looks good, they like the strategy, like the area, like the expansion prospects etc. Target 11p+

I can see it 7.5 to 8p today. Maybe better. But the known unknown is WH Ireland who, as I alluded to earlier. They bring a whole new kind of client to the table... HNWs, institutions, retail, all sorts. That can only be positive..

Oh Heaven's Above. Reasons to love LEX have all come true.. So management were expecting up to 100k oz at JK. They've got 127k. Resource grows by 255% and we still have more upside here at depth, along strike and with the new anomalies, not to mention potential acquisitions close by.

MMs mush be s******* themselves this morning.

1. Dollar Bottom?
2) Gold Price upwards reversal?
3) Market Makers hugely short.
4) JORC reserve on Jones Keystone up to 100K oz expected to land anytime.
5) Gives us close to 200K oz.
6) This is easily a commercial smaller mine already, so money in the bank. Either we develop or sell
7) Still open at depth and along strike at JKL and new anomalies yet to drill.
8) 3 more prospects, one of which (Jennings Pioneer) had mining nearby (Barite Hill) as recently as 1996 when gold price collapsed.
9) Management being shown other interesting opportunities in other "well respected jurisdictions".
10) Last but not least, we are still awaiting a maiden report from broker WH Ireland which will open LEX up to a whole new market place, not just the old diehards!

Intriguing, to say the least!! Looking forward to a very active week in our fave stock!!! If JORC report at JK is over expectations, given the supply demand situation, I won't bet on the outcome, but am sure patient holders will be VERY happy with it!!!!

Re my message yesterday, I meant 250K not 25K. Also worth noting that the Dollar has been weak over the 2 weeks or so.. There is a good chance it has topped! Also gold has begun to see this and the price has risen by $120/oz. Gold chart short to medium term shows a triple bottom at the 1620 to 1630 level. Support now at 1720-30. That can't be bad news for LEX holders, and we've got the keenly anticipated JORC announcement anytime.....

6.2 to 6.3 bid , if anyone can refute that the MMs are short after having bought 25k shares, I am a Dutchaman!! Having said that, it a pretty good sign that they are covering, they need to square the book before they suddenly realise that the game is over, we're off on the next move up... Don't be short MMs...

Burtom, I think that you are asking the converted, we all want it to go up more than this and think it will. So my biased answer is, for what its worth, definitely yes, get on board. See my recent posts below if you want reasons, and don't forget that LEX is being shown deals in well known locations/jurisdictions for this kind of thing and by the looks of things, not just in the good old US of A. Take me with a pinch of salt but I am nowhere near a seller of this one... Plenty more to cook here. We're just warming up.

Yes, I remember the last broadcast he did which was also pretty bad, they say any publicity is good publicity, but frankly, I am not so sure!! Having said all that, I continue to hear rumours about LEX stock not being delivered on time which, if true, pretty much confirms that the MMs must be short. Has anyone else heard the same or experienced it? Seems we took a rest yesterday after the exertions of the last couple of week. I think, given the putative short position of the market, LEX will be very well supported at current levels while the MMs sort themselves out, unless someone decides to take matters into their own hands and put the squeeze on.

Still await the JK JORC which will hopefully emerge very soon. And yes, I like the idea of filling the gaps. I'm a chartist at heart, however, I tend to be a little more sceptical of technicals in smaller cap thinly traded stocks, though hopefully that is about to change as the stock rises. I am sure that some old holders will wake up to the fact they have made some cash and put their forgotten holdings on the block! Longer term though, more liquidity makes LEX more attractive to investors.

Talking about more attractive to investors, we are still waiting for W H Ireland to join the party though I am sure that soon after the JORC announcement, it will make eminent sense to get things moving in this regard... A major broker recommendation in this stock could take it a hell of a long way......

Haha, dream on, but we may get there eventually!! But seriously, seeing the JKL reserve numbers steadily rise over the next 1.5 years is real, not to mention Jennings Pioneer and the other prospects and close-by anomalies. This is just the beginning. Don't forget CEO says they are taking a serious interests in other prospects in Americas and Overseas that they are being shown. Anyway, price seems to be steaming away nicely without too much effort.

Reckon you maybe disappointed this around with Jennings. The announcement of 17th Oct said they want to do trenching etc and I am sure that given the announcement of the JORC could come at any time, they will not have had a chance to do any trenching etc. at the JP site. However, the JORC announcement is the important one. Given that we are 1. Close to tons of already in place infrastructure in a first world jurisdiction, 2. Have an Ore Body that is close to the surface, 3. Open along strike and at depth at both Loflin and JK, 4. And, if the announcement comes out at 100K/oz we'll have 183k oz in the bank.

With a bit of rooting around on the internet and given the above, its fair to say that if we get to a reserve of 200-250k oz and use heap leaching, which is cheap and legal, we would have a commercial open pit mining operation. Given all the undrilled anomalies close by (new ones) and the possible extensions to the existing reserve, we are pretty close to having a viable business to sell on or to develop.

Yes, a couple of decent sized trades. I'm feeling a JORC moment in my bones, bring it on. Its held up so well since its recent move, should not take much more than a nudge to get us moving again...

And so we await the JORC announcement for JK, which, according to CEO is "up to 100k oz" which will bring us to over 180k oz in total so far. The missing bit of the equation is our new broker who have been very quiet. We are upgrading from Peterhouse to W H Ireland, and if my understanding is right, they have been hired already. However, as yet, we have not heard hide or hare from them. The JORC announcement would seem to be a chunky piece of news for them to be able to break their virginity with regard to LEX and put a small report out.

WHI is a good catch for LEX, they are a substantial UK broker that have a good reputation in small resource stocks with potential, just like us. They have a dedicated mining team, but more importantly, they have discretionary funds at their disposal, and a list of institutional and High Net Worth clients which they can plug us into. That is particularly exciting because given the liquidity situation in LEX, if anyone wanted to pick it up in size, the price is going to move big time. It'll be very interesting to see what happens if a WHI report comes out. We already know what the Gnomes of Bangkok are thinking, they are still picking up stock. If we get a buy recommendation from a major house like WHI, heaven knows what may happen to the stock....

If you take into account the conversion of the convertible issued in April, it looks like Pure Ice increased its holdings by well over a million shares in the market. Still adding. Investing rule of thumb, if directors and/or major shareholders are buying, so should the man on the street be buying too!

With you on that one Iptuf, just a matter of time before the speculation as to the size of JORC reserve to be announce at Jones Keystone is announced. As to new projects, well, in my view, we have a choice between more Carolinas as there's quite a lot close by especially close to JKL or Southern Africa, let's see what the wind blows in.... either way, potentially exciting times!