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NT at 5.8p. Can't really buy anything sub 6p
Something is loading
Watch out for delayed prints
Yep,looks like that recent downtrend,is ending
I was lucky first thing to buy some more at 5.59 just after 8am...
I saw Friday's late trades, but I did wonder why there was little movement first thing
I've had this stock a long time and I trust the man from Stellenbosch!
It's his PhD in mineralogy that does it for me
Yea look out for some more delayed prints. Buyers behind the scene
Nice 250k at 6.25p Full Askk just popped up delayed from earlier.
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.
Err wasnt the gold rush in usa/canada like 150 yrs ago ?
Yes but South Africa is mega exciting and so is this WRE Asset. Transaction due to be completed imminently and will add £10s of millions of pounds onto fair valuation
They will be proving up a substantial resources over coming months. I still can't believe they got the asset so cheap
If you think it’s cheap maybe ask the successful Billionaire why he’s selling such an asset on the “cheap”
Is S.Africa “safe”. Is there a growing Russia/Wagner influence?
Likely to be because of the money involved to develop it I guess.
1) Why all this talk about the website saying LEX operates in the USA? They can't say they operate in SA, because officially, they don't exist there.... YET!! Which is precisely why one should be buying the stock!!
2) We are just waiting for the official stamp of approval in the form of a share transfer or WRE. The biz re-organiser has accepted the offer from LEX, LEX has raised the cash recently to mount a drilling campaign..... THIS IS HAPPENING.
3) The fact that the market so far has chosen to ignore this is one of the reasons we invest in stock markets!! They ARE imperfect, sometimes there actually is a magic money tree, and LEX at current levels is one of these. Buy while stocks last!!
4) As for the comments intimating that "the billionaire wants out". Sorry but I don't buy that for a minute. He already stated years ago that he wants to list WRE, he has got his wish with this deal. He will end up with up to 30-35% of LEX and won't have to lift a finger because a tried and trusted management team is in place already, Olivier and Nealon, who have a track record in adding value to investors in Southern Africa.
5) in the meantime, at the risk of repeating myself, we, potentially, the long suffering LEX investors, have potentially increased our reserves by 16,000% in exchange for dilution of maybe 40% if you don't take part in any of the placements like the most recent one!!
Sorry, but, like the old broken record.... What's not to like? And yes, I am pretty sure we will see an announcement soon that the WRE deal is done and dusted. I am pretty sure that this will be the beginning of a major roll!! Strap in boys and girls!!
She’s May fly today. Signs of buyers in the market.
Excellent summary Rose.
Having the same problem with SMD.
Doesn't matter the market doesn't get it - its a liquidity event so will take care of itself
Great volume again today with delayed trades from first thing this morning going through... Can understand sellers being some of the placees from the recent placing at 6p but there is certainly an aggressive buyer out there for these shares
Who has said "the billionaire wants out".?
Seeing many AIM miners raising funds at huge discounts to SP.. LEX raised at premium.. different ball game being played here.