LEF 0.00% 12.0¢ lefroy resources limited

up 11 percent on low volume, page-6

  1. 38 Posts.
    Yeah I have heard the same thing, I posted this a couple of weeks back:

    ""I do find the director buying encouraging and I would love to get a progress update at the least, but by my calculations (and please bump me if I'm wrong) I wouldn't expect any news until May / June.

    The LEF Nov report stated that they would identify their drilling targets in Jan / Feb, and I believe this was the case. From here it would take threeish months to drill and analyse the results, for me that puts us in May / Juneish.""

    So by those calcs we should be close to hearing the results of the drilling and analysis soon. If we can pull any positives at all from the quiet, perhaps that its the fact that there has been a lot of director buying during the drilling phase. Surely they wouldn't be buying if they were hitting dust?

    7 mill in the bank sounds right, maybe down to 6 now. Not sure of shares on issue though. 65Mill maybe?

    Disclaimer...
    I hold and this is my research.....dyo! :P
 
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