LRL - Leyshon Resources

[titleisttony]

The video is interesting, PA a real salesman, but he does make some valid points on cash backing, no need for immediate capital, and the 3 well program with drilling underway.
Due to this drilling, there may be a good bit more upside leading up to December results, based on cash at bank.

The low volume down day is a positive sign and if it comes through on the ASX today I will be looking to enter on it.

Mr Jeff,
Thursday in the UK was a bit disappointing after the ASX spent the day treading water overnight. Volume picked up slightly at 838k but prices slipped early with a late recovery which is a similar pattern to yesterday. However, the eod price was lower than the start of day price with buys at 13.875p (about 21.2 cents). This pattern is typical of a MM attempting to shake out sellers and IMO, will probably continue for a few days yet. Having topped up a few times on the way down, I'm now going to wait until the eod BID is higher than the start of day ASK before buying again. However, you may see it differently when you DYOR. Enjoy.
TT

 

[titleisttony]

Mr Jeff,
Thursday in the UK was a bit disappointing after the ASX spent the day treading water overnight. Volume picked up slightly at 838k but prices slipped early with a late recovery which is a similar pattern to yesterday. However, the eod price was lower than the start of day price with buys at 13.875p (about 21.2 cents). This pattern is typical of a MM attempting to shake out sellers and IMO, will probably continue for a few days yet. Having topped up a few times on the way down, I'm now going to wait until the eod BID is higher than the start of day ASK before buying again. However, you may see it differently when you DYOR. Enjoy.
TT

Mr Jeff,
Slight amendment to the above. Volume was over 1m shares. The MM was keeping the biggest transactions under cover 'til after close of play. IMO, these were 2 BUYs at 13.75p for approx £25k (AUS$38k) each (181731 shares) which transacted just after lunch. The wily MM is gradually sliding the price but if anything, IMO, there are more shares bought than sold because due to the wide published bid/offer spread, many BUYS going through at under the midpoint look like SELLS on brokers systems. As ever, DYOR.

 

[titleisttony]

Mr Jeff,
Slight amendment to the above. Volume was over 1m shares. The MM was keeping the biggest transactions under cover 'til after close of play. IMO, these were 2 BUYs at 13.75p for approx £25k (AUS$38k) each (181731 shares) which transacted just after lunch. The wily MM is gradually sliding the price but if anything, IMO, there are more shares bought than sold because due to the wide published bid/offer spread, many BUYS going through at under the midpoint look like SELLS on brokers systems. As ever, DYOR.

Mr Jeff
Friday in the UK was interesting. Over 1m shares traded on the back of a BUY tip/article in the Investors Chronicle which is the traditional retail investors mag in the UK. The same mag ran a website article last week. After an initial pop which didn't achieve new highs , the price action settled in the 14.5p - 15.0p range (approx 22 - 23 cents). IMO, the market maker wanted to take the action higher but stale bulls may have been lingering at 15p. There's probably about a week where the MM may attempt to squeeze out sellers before excitement grows and the price may rise into the results.
However, if a sunday newspaper runs an article, a further pop may occur. As always DYOR. ( I'm off for a couple of weeks now so enjoy the ride. )

 

[mr. jeff]

Mr Jeff
Friday in the UK was interesting. Over 1m shares traded on the back of a BUY tip/article in the Investors Chronicle which is the traditional retail investors mag in the UK. The same mag ran a website article last week. After an initial pop which didn't achieve new highs , the price action settled in the 14.5p - 15.0p range (approx 22 - 23 cents). IMO, the market maker wanted to take the action higher but stale bulls may have been lingering at 15p. There's probably about a week where the MM may attempt to squeeze out sellers before excitement grows and the price may rise into the results.
However, if a sunday newspaper runs an article, a further pop may occur. As always DYOR. ( I'm off for a couple of weeks now so enjoy the ride. )

Thanks for the updates and will keep an eye on it and see how it goes for the week. Looking Ok thus far.

 

[mr. jeff]

Thanks for the updates and will keep an eye on it and see how it goes for the week. Looking Ok thus far.

...and today we get about 600k traded and return of some strength. Quite a positive sign with little selling.
Reassuring action, will be looking for more volume in the coming days...

 

[mr. jeff]

...and today we get about 600k traded and return of some strength. Quite a positive sign with little selling.
Reassuring action, will be looking for more volume in the coming days...

Suspended from quotation awaiting release of drilling announcement; here's hoping they have something decent to report. I am holding a few in anticipation of big news.

 

[mr. jeff]

following comments from their first 2 of 3 drills;

"Managing Director Paul Atherley Commented:
“This is about the best outcome we could have hoped for with the first two wells encountering
over 135 metres of cumulative pay intervals within the targeted formations. The exploration
programme to date has exceeded our initial expectations and as a result we now have multiple
zones within these intervals to test for commercial gas flows"

Would seem quite positive, however the market response is flat to negative.

Nevertheless, they have currently 18cps in cash, quite a lot.

anyone have further info?

 

[titleisttony]

following comments from their first 2 of 3 drills;

"Managing Director Paul Atherley Commented:
“This is about the best outcome we could have hoped for with the first two wells encountering
over 135 metres of cumulative pay intervals within the targeted formations. The exploration
programme to date has exceeded our initial expectations and as a result we now have multiple
zones within these intervals to test for commercial gas flows"

Would seem quite positive, however the market response is flat to negative.

Nevertheless, they have currently 18cps in cash, quite a lot.

anyone have further info?

Atherley the MD bought 1.8m shares at the end of last week. His holding prior to the BUY was 29.58m shares made up of 2 x 15m options exercised over 5 years ago less 1m sale for tax reasons + a 580k purchase at 10.5p in 2010. His only purchase at market prices was the 580k. Now he has bought 1.8m shares at the market price of 14.91p. All day Friday in the UK, the market makers were delaying publication of large BUYS until they were able to display them below the broker's bid/offer midpoint to make them look like sales. Don't let the MMs confuse you. These were large BUYs going through. IMO, Atherley would only buy 1.8m shares if he is confident that the drilling is finding commercial quantities of gas. I believe that BUY signals as easy to understand as this one don't come along every day. When funds/trusts start moving in to this stock, it will spike. As ever, DYOR and GL.

 

[titleisttony]

Atherley the MD bought 1.8m shares at the end of last week. His holding prior to the BUY was 29.58m shares made up of 2 x 15m options exercised over 5 years ago less 1m sale for tax reasons + a 580k purchase at 10.5p in 2010. His only purchase at market prices was the 580k. Now he has bought 1.8m shares at the market price of 14.91p. All day Friday in the UK, the market makers were delaying publication of large BUYS until they were able to display them below the broker's bid/offer midpoint to make them look like sales. Don't let the MMs confuse you. These were large BUYs going through. IMO, Atherley would only buy 1.8m shares if he is confident that the drilling is finding commercial quantities of gas. I believe that BUY signals as easy to understand as this one don't come along every day. When funds/trusts start moving in to this stock, it will spike. As ever, DYOR and GL.

Mr Jeff
UK Monday: Good volume. Price up. Marketmakers delayed the publishing of large BUYs til near end of play and managed to rattle a few inexperienced punters into selling with a slight price drop in the last hour. IMO, LRL has much further to rise. As ever, DYOR and GL. TT

 

[HCC]

any idea what happened to LRL? Share price shed more than 80%...

 

[piggybank]

any idea what happened to LRL? Share price shed more than 80%...

It is the last day of trading before the split entitlement takes place.

UPDATE - SEPARATION OF ENERGY AND MINERAL ASSETS - http://stocknessmonster.com/news-item?S=LRL&E=ASX&N=653071

An interesting speech made by the MD Paul Atherley - http://leyshonresources.com/Investors-Centre/Archived-Presentations - Then click on the link entitled "The Leyshon Story In Eight Minutes - Paul Atherley MD" very interesting

I hope this helps...

 

[Dona Ferentes]

Leyshon Resources (LRL) .... delisted from the close of trading on Monday, 17 July 2017 pursuant to Listing rule 17.12.

for Leyshon Resources, a loss declaration has been issued and the capital loss can therefore be claimed in the financial year the declaration is issued .... in this case 2018/19