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LRL Leyshon Res

0.425
0.00 (0.00%)
18 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Leyshon Res LSE:LRL London Ordinary Share AU000000LRL1 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.425 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.425 GBX

Leyshon Resources (LRL) Latest News

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Leyshon Resources (LRL) Discussions and Chat

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Leyshon Resources (LRL) Top Chat Posts

Top Posts
Posted at 09/5/2016 17:23 by candybelle
captain - the shares were transferred automatically by Selftrade (now Equiniti) on June 3rd 2015 and marked as 'Transfer Out' in my husband's portfolio. He then received communications from Computershare in Australia and we set up an online account with them so that we could keep an eye on LRL although, as I said before, we had more or less given up on it. Recently we had a communication with regard to the AGM and enclosing a form of proxy. That's all I can tell you but I hope that this helps.
Posted at 01/2/2016 09:27 by heffermj
Thx rvsy

I did get an email response this morning with the quarterly report attached.
As you say very little chance of repayment and overall not a good read. I'll c&p it here any way in case anyone may be interested...

29 January 2016
Quarterly Report December 2015
Leyshon Resources Limited (AIM/ASX: LRL) ("Leyshon" or the "Company") activities during the quarter
focused on simplifying the Company’s corporate structure which would ultimately enable the Company
to pursue an investment transaction, and seek re-listing on the Australian Securities Exchange (“ASX”).
Restructuring Initiative
As part of the Company’s restructuring and continuing focus on expenditure reduction, Leyshon has
been engaging with the key stakeholders in the Mt Leyshon mine site as it reviews the long term holding
of this legacy asset. At Mt Leyshon, the Company holds five Mining Licenses and an Environmental
Authority covering the historical mining operations which are now subject to long term rehabilitation.
The Company incurs significant costs associated with holding Mt Leyshon which cannot be relinquished
until rehabilitation is completed. A restructure will depend on a suitable arrangement being negotiated
with the stakeholders of the project to reduce the liabilities incurred by the Company. If this can be
successfully achieved, Leyshon would be a viable entity that can go through a recapitalization and listing
process. This process has taken some time given the scale of the project and number of stakeholders
involved, but the Company is hopeful of achieving a resolution in the near term.
ASX Suspension Update
The shares of Leyshon have been suspended from trading on the ASX since 14 July 2014. ASX policy, in
accordance with Chapter 12 of the Listing Rules, is to allow companies that have disposed of their main
undertakings a six-month period within which to satisfy ASX that the company has a sufficient level of
operations to justify continued quotation of the Company’s securities on the ASX. The Company was not
able to satisfy the ASX that it was in compliance with Chapter 12 and was suspended from trading on 14
July 2014.
The Company envisages that its shares will remain suspended on the ASX until such time as the
Company completes a transaction and seeks re-compliance for listing on the ASX.
International Tungsten Services Loan
In 2014, the Company provided an unsecured loan of US$620,000 to International Tungsten Services
Limited (“ITS”). The loan facility was provided to ITS for working capital under a Heads of Agreement for
the Company to acquire ITS’ advanced tungsten project in Korea, however the Company terminated the
Heads of Agreement in January 2015.
Under the terms of the loan facility, the aggregate loan balance of US$620,000 became due and payable
on 26 December 2015. ITS has advised the Company that they are continuing to experience financial
difficulties and do not expect to be able to make repayment in the near term.
Page 2 of 2
The loan was fully provided for in the Company’s financial accounts for the year ending 31 December
2014. The Company remains in touch with the directors of ITS and will seek repayment should their
financial position improve.
New Project Opportunities
The Company continues to review investment opportunities whilst its works through its corporate
restructuring initiatives, although none are at an advanced stage.
For further information please contact:
Leyshon Resources Limited
Corey Nolan – Non-Executive Director
Tel: +61 7 3221 7770
admin@leyshonresources.com
Tenement Interests
Leyshon Resources Limited held the following interests in exploration tenements at the end of the
quarter. There were no tenements acquired or disposed of during the quarter and no changes in the
beneficial interests held by the Company.
PROJECT BENEFICIAL INTEREST TENEMENT NAME
MOUNT LEYSHON 100% ML 1546 Golden Star
100% ML 10144 Mt Leyshon
100% ML 10148 Puddler Creek
100% ML 10172 Eastern Star
100% ML 10173 Southern Star
Posted at 18/6/2015 14:16 by scallywag
My shares held with Selftrade have been transferred to the Australian registrar, Computershare Australia. Although they have a cheap dealing service, this is not available to non-Australian nationals. I've sent off an enquiry to E Trade Australia to discover whether I'd be able to open an account as a UK national. I also have a holding with Hargreaves Lansdown who say they will continue to hold the shares on my account, but will offer the services of an Australian broker if I wished to sell them. However, it would appear that this broker has a minimum commission of 200 Australian dollars (!) so I will continue trying to find a cheap Aussie broker. I'd be interested to hear if anyone else is trying to do the same. Maybe you've all given up hope of selling and are planning to decorate the walls of your toilets with the share certificates.
Posted at 02/6/2015 08:03 by bobbie121
I have spoken to the company in Australia and they have told me if and when the shares resist in Australia they will issue Australian share certificates to all holders of UK shares, so it's simply a matter of watching what happens to the Australian share listing .
Posted at 31/5/2015 18:29 by useless23
I guess I'll have to ask my broker for a share certificate and then try to find an ozzie broker to lodge it with. Great. Simple. Thanks lrl.
Posted at 06/5/2015 20:07 by useless23
len and lrl have well and truly been milked. So much for 'shareholder' value.
Posted at 05/5/2015 12:49 by goldenfish2010
He already made millions out of LEN/LRL!
Posted at 14/3/2014 11:52 by howdlep
mm's struggling to attract sellers and have to keep moving this up. 2p is not an unrealistic target even without the asset value reductions of potential targets. If I was the BOD I would want to be buying with as much paper as possible given the very low LRL share price...
Posted at 22/1/2014 14:11 by socktrade1
If len does trade like lrl then yes it should be at 20p will it? probably not tomorrow, but with $35m cash the share price is worth around 8p, lrl have $3m in cash and is worth around 0.70 so its trading at 3 times its cash, if len can trade double its cash then that gives an share price of circa 16p, plus len has more of a valuable asset than lrl plus a new team including former bp executive so in an ideal word if len can perform like lrl it should be well above 24p but we do not live in an ideal word so i would say 14-16p is quite reasonable thats if it can perfom like lrl, there are no guarantees, it may well trade at 6p, not long to find out
Posted at 16/1/2014 16:49 by boadicea
socktrade1 - You will get the same number of shares in LEN as you held in LRL at the close of business on 14th Jan regardless of whether you sell LRL on or after the ex-date (15th Jan, yesterday).
The book cost of LEN will become
[designated price of LEN] divided by [designated price of LEN + designated price of LRL] times [original book cost of LRL]
The designated prices are usually the opening prices on the initial day of trading after the split.

The point which worries me is that the initial trading dates of the two shares LEN and LRL after the split are not con-current and I am therefore wondering if the designated price of LRL might be the opening price on 23rd Jan rather than 15th Jan. One needs advice on that point.

Similarly the book cost of your LRL shares becomes
[designated price of LRL] divided by [designated price of LEN + designated price of LRL] times [original book cost of LRL]

If you add the book costs attributed to the two parts of the split you will find it equals the original book cost - as indeed it must.
Leyshon Resources share price data is direct from the London Stock Exchange

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