LRL - Leyshon Resources

[Mr Right]

Leyshon keeps extending its mineralization, resource will be upgraded at the end of October. The rumor is to be more than doubled any one knows something about it.

 

[Mr Right]

LRL is due to release their upgraded resources. Being following it closely wont be surprised if they have more than doubled. Not a bad shere considering the low issue of shares to the public

 

[Sean K]

The new resource estimate must be due shortly.......By those latest drill results you'd have to think 2m + oz equiv easily.

This looks very promising.

 

[rub92me]

I'm a big fan of this one, surprised it is still trading so thinly. I bought in a couple of months ago as a long term play. Very low-key quiet achiever so far. Their resources are very promising and they made a great strategic move partnering with the Chinese. I'm hoping this will take off next year, but willing to wait longer, if that's what it takes. So far it has been moving in the right direction anywhay...

 

[Sean K]

I'm a big fan of this one, surprised it is still trading so thinly. I bought in a couple of months ago as a long term play. Very low-key quiet achiever so far. Their resources are very promising and they made a great strategic move partnering with the Chinese. I'm hoping this will take off next year, but willing to wait longer, if that's what it takes. So far it has been moving in the right direction anywhay...

I think the reason it's so thinly traded is that the public only own 11% of it. I bought a handful yesterday and am going to start accumulating a little on weakness. Happy with the 7% up today!

Reaching an all time high $0.68 today couldn't hurt.

 

[greggy]

I think the reason it's so thinly traded is that the public only own 11% of it. I bought a handful yesterday and am going to start accumulating a little on weakness. Happy with the 7% up today!

Reaching an all time high $0.68 today couldn't hurt.

Hi Kennas,
I'm keeping an eye on this one too. I will need to do some more research on it though. Nice chart and rise in share price considering the weak overall market.
DYOR

 

[Sean K]

Hi Kennas,
I'm keeping an eye on this one too. I will need to do some more research on it though. Nice chart and rise in share price considering the weak overall market.
DYOR

greggy, check their last couple of anns. Their company presentation tells all pretty much.

 

[greggy]

greggy, check their last couple of anns. Their company presentation tells all pretty much.

Hi Kennas,

Thanks, I'll have another look at it. By the way I hope you were able to pick up some MZM at low prices as you liked its website.
DYOR

 

[Sean K]

Hi Kennas,

Thanks, I'll have another look at it. By the way I hope you were able to pick up some MZM at low prices as you liked its website.
DYOR

LOL.

I didn't like it that much, but I guess I should have!!

 

[greggy]

LOL.

I didn't like it that much, but I guess I should have!!

Hi Kennas,

I'm sure you're still doing pretty well with your other stocks. Good luck.

 

[Sean K]

Pretty happy with the past few days on this little chinese digger!

Perhaps the market is thinking more than doubling of the resource estimate to well over 2m oz au.

I'm not sure if it can sustain such rapid gains though......

(holding)

 

[rub92me]

Before I bought this a couple of months ago I did some analysis on any relation between share price movements and positive announcements made. The interesting thing is that despite them openly disclosing for quite a while that at a conservative estimate the resource will likely more than double, the price didn't really react sharply as a result of any of these interim announcements.
I'm not intending to sell for quite a while, and I guess most holders may have similar sentiments (unless the price gets really silly very quickly).
Market cap is still very reasonable for the likely resource, combined with comparatively cheap labour.

 

[Sean K]

One trade of 6.3m shares went through this am. Highly unusual. Usually only trades a few k a day.

Resourse upgrade imminent perhaps?

 

[rub92me]

One trade of 6.3m shares went through this am. Highly unusual. Usually only trades a few k a day.

Resourse upgrade imminent perhaps?

Maybe options; the transaction was at 0.55. Well, that's according to E'sometimes I 'trade. Could be any price, really...

 

[Sean K]

Maybe options; the transaction was at 0.55. Well, that's according to E'sometimes I 'trade. Could be any price, really...

LOL.

Options maybe. Obviously it was off market some how. I didn't see a buy order and the stocks trading at $0.77, not 55......

I think it's just you and me on this one, rub me. Good luck. Had a good run so far.

 

[moses]

from the presentation...

"Mark Horn Values LRL NPV 39 pence (A$1) per share After Tax fully diluted based on current metal prices and 30% discount rate

Valuation expected to increase with addition of new resources and lower discount rate on commencement of production."

Well...the A$1 bit isn't compelling at 85c, but...there does seem reasonable potential for the "addition of new resources". Would appreciate some more expert opinion on the presentation...anyone?

http://www.leyshonresources.com/upload/documents/presentations/LondonOctober2006_24102006215149.pdf

 

[Sean K]

More significant results just in from the Zheng Guang Project.

Intersections range between 4 to 25 m @ 3 - 25 g/t au. Importantly, these were in the surface oxide zone and will ensure that the early mining will produce plenty of the yellow stuff.

Revised resource estimate due in Feb which is expected to be significantly upgraded.

Up another 15%.....

(holding)

 

[rub92me]

Final results from Zheng Guang just announced. More rich intersections at shallow depth. Most of this probably already factored in to the price. The proof will be in the revised resource estimates. If it is more than double what they currently have, then this will get a boost. If it is less, it is likely to retrace. Further targets have been identified, and more drilling to come, so I'll be holding on regardless of that.

 

[Sean K]

LRL have stated that they are going to announce a revised JORC for the Zheng Guang Gold Zinc project in China, this month. Must be due very shortly.

Their 31 Jan report stated that the resource estimate would "significantly increase the inferred resource of 930m oz au, 64 k tn zn and 2.6 m oz ag." Hopefully 'significant' is above anyones expectations and it gives the sp a boost.

They aim to start mining this year.

On the chart, it's had a great run after breaking through at 60 cents where I first picked some up. Looking a bit shakey at $0.75 where there is some support. Really hit a wall at about 85 cents....lots of profit taking going on there. Stochastics starting to head back down to oversold area.

Hopefully, the new resource beats expectations...

 

[greggy]

LRL have stated that they are going to announce a revised JORC for the Zheng Guang Gold Zinc project in China, this month. Must be due very shortly.

Their 31 Jan report stated that the resource estimate would "significantly increase the inferred resource of 930m oz au, 64 k tn zn and 2.6 m oz ag." Hopefully 'significant' is above anyones expectations and it gives the sp a boost.

They aim to start mining this year.

On the chart, it's had a great run after breaking through at 60 cents where I first picked some up. Looking a bit shakey at $0.75 where there is some support. Really hit a wall at about 85 cents....lots of profit taking going on there. Stochastics starting to head back down to oversold area.

Hopefully, the new resource beats expectations...

Hi Kennas,

Welcome back.
Nice chart and blog. When you book comes out put me down for one. This stock seems to be in a correction phase.
DYOR