Member Info for Sjh1

Yes and likely the next round of drilling results due in a bout a month add another lump onto that JORC amount. These US assets look very shallow on the last LEX paper not all that expensive to mine especially with current gold prices.

3m ish ounces on the Joint venture sat next door to Harmonys target one mine.

Estimated 30m+ ounces to prove up on the rest of the plots..

Multi multi bagger potential on this SP is very real possibility. Some of the target numbers you can come up with are huge..

We were using around 800k a year prior to WRE takeover.

These guys are fantastic at putting every $ back into the ground.

One would think these shallow deposits in USA alone are worth today's market cap.. not inc.. 65% of 6m ounces in JV and 30m - 90m ounces in WRE extensive leases..

Market will wake up one day until then load the boat I say.

What makes you think that? We raised 2.5m not too long ago

Don't look a gift horse in the mouth..

3p that would be a fantastic gift to buy more. I've been nibbling away all the through this period and will continue to. Risk vs reward play here is so favourable at this price even at double this price IMO.

The only sells I have seen go through were flippers and likely small bored paper handed retail traders and I thank them for their donation.

Cant see any reason to panic, the trades that have gone on over last couple of weeks all small insignificant amounts. Nothings changed just given MM a opportunity to mark down and aquire cheap shares. Solid directors with proven track record, cash in bank, small historic cash burn, proven resources and Creasy on board.. Just the way AIM is during these times of reduced liquidity. Scoop up the cheap shares while u can.

Game on !

Some interesting looking trades back on Tuesday morning.. im really liking all these weak hands getting soaked up gonna be no shares available to buy when news starts dropping. Still convinced someone is accumulating a large stake in the background 🤔

Anyone have insight into the company financial?

Seems like a interesting play this.

If you are concerned please sell your shares so I can add more cheaply and I thank you for your donation to my retirement.

Seeing many AIM miners raising funds at huge discounts to SP.. LEX raised at premium.. different ball game being played here.

Added a couple of buys small on a new account. MMs gonna have to let it go, maybe some news about to drop? Really so much potential its hard to speculate where and what will be next.

Seen it, so added a tiny buy myself

Nice tree shake going on by MMs reminds me of 6 months ago before we seen 100% rise

So BRICS will release a gold backed CDBC by the looks of in August. One would imagine an extraordinarily large gold resource in SA would be regarded as something that should receive alot of government support. Stars continue to align for LEX.

I think we just need to get Creasy out talking now. Let's get his followers on board and we should see some near momentum. As I'm a long term holder I'd like to see a structured plan put out that we can judge the board on. I've no doubt we can 5x here in short duration. How will we navigate the current instability in SA infrastructure management. How long to get the WR site reserves proven upto regulatory standards. How do we extract valve from the USA sites. The board still has some convincing to do of the wider market here I'd of thought we would be trading much higher currently than we are but then again it's a opportunity to add a bit more.

Why would you mine it? Why not get all the compliance and regulatory requirements upto to scratch and either sell the assets for vastly more than we acquiring them or get let harmony (who already have a deal with) or another big miner do the leg work. I can pretty much guarantee LEX won't being the doing digging.

It's not really Dilution when your gold reserves have 10x and we only doubling the amount of shares. I actually believe the math if done correctly looks better than that for share holders. I think the recent politics in SA have not done us any favours. This is not riskless, but let's dumb it down 200k ounces gold in US plus stratgic rare earth's. 37 million ounces potential in WR, Mark Creasy to be a leading share holder. Whats the MC today £30m? Less? Even if these figures in WRE are adjusted to downside considerably its still well undervalued especially as we likely going into a gold price expansion. Risk vs reward play here is favourable. I'm quite optimistic is anyone can make SA work it's Bernard whom is a SA national, in conjunction with Harmony. Probably plays out over 24 months this a deal with a large miner in US to exploit the US grounds would be fantastic. The last fund raising here was done a + premium to the 3 month SP and I expect if another one was done which we don't require it would be at a very responsible level. Risk vs reward very good here, the flippers come and go but the major holders are looking for 10x on this one. Gold at $3k on my radar and critical rare earth's likley outpace.. Its a AIM stock dyor, I'm happy to keep adding 10% of my portfolio in this one and I sleep well having it.

It's a gift! get more stock! Creasy gonna be leading this to 100-300m market cap. LEX move was a cleanup operation and now a vehicle to extract maximum value. Deals with actual mining operators in place. Proven gold reserves that can easily be mined but what's really over looked is the other plots. 8p was fair value for the US plots with cash in the bank for a year's operations. I'm shocked we not at 25p+ already but actually look at the deal with Creasy its best for LEX holders if SP holds here until deal is completed. Creasy becomes a major shareholder and his experience will be a massive asset. I can wait for this to unfold and will aquire more and more shares as and when I can!