Lexington Gold Share Discussion Threads

[lptuf93] 10/2/2021 16:24

Took some at 3.03/3.04. Will look to add on weakness. Should be a good few months coming up.

[32campomar] 08/2/2021 23:42

Well you could buy these at 3.08p today, well below mid. That good Old AIM news vacuum at play again, who would have thought it!

[seagreen] 08/2/2021 16:01

It also tells me that there is some underlying reason for your original post, which you justify (with no apparent knowledge of the project or the current status of timelines) by an over generalised comment. Forgive me if one concludes that your unsubstantiated negative post has been made for some financial gain on your part, which of course is potentially against FCA regulations.

So in the absence of any logic i shall ignore.

[32campomar] 05/2/2021 14:19

I have no beef at all. I was pointing out that in a news vacuum shares often drift. To say otherwise is the height of denial and not worthy of further comment. It is not a negative about the company, it's a fact. Investment timing is everything, as your '25 years of experience' should tell you.

[seagreen] 05/2/2021 13:04

excellance there has been some minor success between 1934 and 1960. You are absolutely correct re new technolodgy. Likewis gold prices in 1960 were $36.5 per oz. So they have increased by some 5,000%.

Not sure or care what 32camphor's beef is maybe a bad experience with one of Ed's previous ventures, but i am pretty sure/think anything that Ed has been involved in only went wrong due to dodgy local govt.

[32campomar] 04/2/2021 15:18

What a pathetic remark.

[excellance] 04/2/2021 01:41

That's the news we've been waiting for.
I've put a piece in the header.
Ok historical grades don't look much, but look at the choice of drill size.
Looks like they are looking for nuggety ore, and 50m deep!
If they find "nuggets" then those historic grades could well be wrong.

Folk have already tried and failed on this site for a hundred years, but with new technology and higher prices maybe they can get it right this time?

[seagreen] 04/2/2021 01:01

Well you clearly have no investor experience making a juvinile gross over generalisation like that.......utterly pathetic or a poor attempt at deramping to pick up cheap stock....With Covid no one has a clue about time tables for sure. I have at least 25 years of AIM investing experience and I am not advising anyone to do anything or have a clue when anything will happen. i like the project, the management and respect the people invested that is all.

Depressing the idiots on ADVFN these days ,,,,,go back to your teddy bear and hot choclate in your cot

[32campomar] 02/2/2021 20:40

Yes it does look promising. But AIM shares like this almost always drift southwards with no news. Doesn't matter how good the potential is. Anyone with any investor experience would acknowledge that.

[seagreen] 02/2/2021 16:59

What exactly do you know about this project....the square root of didely squot per chance ....?

Althgough of course it is very early stage drilling of old gold properties all be it right in the middle of the gold belt and gold producing mines....in an area of no geo political risk.....but the market cap of £8m reflects that.

Why not look up Ed Nealon's past performance eg Aquarius Platinum etc

[32campomar] 02/2/2021 07:21

Not even started! Suspect this will drift southwards it's going to be quite a while before anything meaningful

[seagreen] 01/2/2021 17:21

Quite a few well knowledgable people I respect are long term holders, let us hope all goes well

[excellance] 21/1/2021 20:48

Looking good

[seagreen] 06/1/2021 10:38

hxxps://lexingtongold.co.uk/wp-content/uploads/2020/11/Lexington-Gold-November-Presentation.pdf


The presentation is on line and the management is good you just need to be patient, I gather the market makers were well short but they bought into the placing allowed them to participate and cover their shorts, which is a shame, I am sure Ed would not waste his time unless he believed in the potential of the projects.

[excellance] 05/1/2021 19:12

To clarify, I have NOT taken a position here, I am merely observing.

Of historical data it is clear that low grade gold is evident, within a couple of hundred metres from surface, and I'm sure that if modern technologies were employed then more would be found. The question is, is there connectivity, are there deeper zones, is it economically viable, and, are there better investment opportunities out there?

I'm not convinced about LEX, so I'll stick with my current hand and watch what happens for now.

[excellance] 05/1/2021 18:33

To be fair same happened at CHF before RNS's began to reveal the story to retail investors.

So far LEX have only got themselves into a position to do some work, but haven't really presented their story to a wider audience other than insiders.

When are they going to start drilling?

Still a long way to go, and they haven't really started yet. If they have started then they should be telling the investment world all about it.

[wiseacre] 05/1/2021 17:58

A disappointing debut and none of the gold price shine has rubbed off on this one.

[excellance] 05/1/2021 15:47

Well, this does look interesting, tho I am concerned about the speed of progress and earn in times. We're talking years, but I hope we can crack on and turn that into months.

The golden bull is running but will it still be running in five years time?

We have to start making real tangible progress, and that means spending money and signing contracts.

I know a little bit of work has been done, but I'd like to see revised concise time plan.

[seagreen] 05/1/2021 15:37

Many thanks for setting up the thread excellance, let us hope Captain Ed can deliver again to the patient ones.

[excellance] 10/12/2020 21:02

So here we are, at the start of yet another exciting ride...all aboard the Lexington Express!!!

[excellance] 10/12/2020 20:49

As announced on 2 February 2021, the initial drilling programme will consist of six diamond drill holes for an initial minimum of 610m and will focus on the south-western ("Loflin") side of the JKL Project (the "Phase One Drilling Campaign") .

The objective of the Phase One Drilling Campaign is to conduct predominantly infill drilling and to confirm and expand on the results of historical third-party drilling performed at Loflin.

2/2/21
-- Drilling is planned to commence later this month
The diamond core drilling programme will employ PQ and HQ size drilling bits, which will return 85mm and 64mm diameter core samples respectively.
-- Significant historic drill intersects from the Loflin (sometimes called Laughlin) area include:

· Hole LOC90-01: 48.8m @ 1.12g/t Au from surface including 18.3m @ 1.57g/t Au

· Hole LOC90-02: 81.7m @ 1.06g/t Au from surface including 17.4m @ 2.9g/t Au

· Hole LF-030: 32.7m @ 1.34 g/t Au from surface including 6m @ 4.13g/t Au
_______________________________________
51% interest and operatorship of four projects formerly owned by Global Asset Resources Ltd (GAR)

Jones Keystone & Loflin Projects (JKL)

Carolina Belle Project

Argo Project

Jennings-Pioneer Project

For the Company to retain its 51%. membership interests in the GAR Projects, it has to make certain Minimum Funding Contributions in respect of each of the projects in each of the four years and throughout the four year period following admission to the aggregate sum of AU$5 million.

In the event that the Minimum Funding Contributions are not satisfied by the Company, Uwharrie Resources Inc., the Company’s joint venture partner, has the option to acquire the Company’s 51% interest in the relevant project for a nominal sum of AU$1.

At the end of the four year period and the satisfaction of the Minimum Funding Contributions, the Company will have the option to increase its interest to 80% by meeting Further Funding Contributions in years 5 and 6, should Uwharrie Resources inc. elect not to fund its proportionate share of future costs.

The Company's Admission follows a successful placing and subscription, raising gross proceeds of £3.33 million via the issue of, in aggregate, 120,989,112 Common Shares (the "Fundraising") at a price of 2.75p per share. The net proceeds of the Fundraising will be utilised to satisfy the initial cash consideration in respect of the Acquisition and for the group's planned initial two year work programme and requisite working capital requirements.

The Company has 261,478,810 Common Shares in issue and holds a further 727,499 Common Shares in treasury.

The Company is pleased to welcome Rhoderick Grivas to the Board as a Non-Executive Director with immediate effect.

Mr Grivas is a professional geologist with over 25 years' experience in the natural resources industry. He is currently Non-Executive Chairman of ASX listed explorer Okapi Resources Limited (ASX: OKR)

[lucky_punter] 28/6/2013 08:07

Afren and LekOil discovery highlights value still exists in Nigeria
By Jamie Ashcroft June 27 2013, 10:22am

City broker Morgan Stanley says the new oil discovery has substantially exceeded expectations.City broker Morgan Stanley says the new oil discovery has substantially exceeded expectations.
A significant new oil discovery off the Nigerian coast underlines the value that is still available in the oil producing nation.
Shares in Afren (LON:AFR) and newly listed LekOil (LON:LEK) advanced on Wednesday, with the AIM firm rising almost 30% at one point, as the results of the Ogo-1 well, on the OPL 310 licence, revealed a significant light oil discovery.