Following the demerger of Leyshon Energy Limited in January 2014, the primary activities of the
Company have been the identification and evaluation of suitable investment opportunities and
concentrating on a strategic review and restructure of its legacy Mt Leyshon gold project in Queensland,
Australia. The Company has also maintained its focus on minimising expenditure.
Shares of the Company remain listed on the Australian Securities Exchange (ASX). However in
accordance with ASX policy, the securities of the Company were suspended from quotation on the ASX
on 14 July 2014 following the disposal of its main undertaking through the demerger of Leyshon Energy
Limited. The Company envisages that its shares will remain suspended on the ASX until such time as
the Company completes a transaction and seeks re-compliance for listing on the ASX.
THE monotonous tune of the SHORT-SELLING deramper:
"Going down, I'm afraid" ...."been in this for years and still losing money" ...."The BoD stinks"
"Oh dear" ? ...."Placing on its way, more dilution" ...."Heard whispers in the City"
"There must be a leak, it looks like a duster" ...."A friend of mine in the know"
"This company couldn't run a pi/ss-up in a brewery" ....."Word is, the financials are poor"
You've heard it all dozens of times before, yet these often used jibes are enough to create a degree of uncertainty ?
The words "Oh dear" or " I'm afraid" at the start of the 'posters' rant often sets the sp in motion.....DOWNwards!
Deramping SHORTERS !
Shorting a rising stock....is much worse when it is done by your resident posters that seemingly are your buddies and convince 'long' holders to give up!
What many pi's fail to grasp is the extent that shorting is taking place. Often we tend to think that the 'shorter' is done with and we expect the stock to now rise, now that 'he' is out of the way? You'd be wrong in many instances, for 'he' the shorter, is often followed by others that 'help' keep the stock down !
Some stocks fall after GOOD NEWS! ....IS it just normal levels of profit taking? Yes, imo....
...BUT the underlying reason for many pi's taking early profits, is simply they are afraid they'll be left in paper losses!
Thus, if the stock, after 'good news' is then shorted, then kiss good bye to this stock reaching new highs in the very near term!
We can't both WIN !
The 'shorts' therefore 'win' their bets, whereas the 'longs' lose the best part of their investment, possibly for some time to come......and just when you thought this couldn't go any lower, THEY'LL SHORT THE STOCK AGAIN !
Why is this? They both can't win...the money has to come from somewhere?
Thanks for all your support. We are now at 4,401 votes!
AND SOARING !
(that's A LOT of irate investors!)
Investors are saying something? They are voting in their thousands !
Bookmark the links if you wish to 'pass the LINK/s on'.... or read later?
BE A PART OF IT
# The big problem with shorting is that THEY (the shorters) WOULD most likely lose most of their money IF they just 'bet' on the price going down without trying to 'help' it down?
So, there is the 'catch 22' scenario. No one would know of an RNS to be released that will contain BAD NEWS, if they did and then 'shorted' the stock, then they are guilty of 'insider trading'.
The only sure way to short a stock and WIN is to spread dis-information to defame the company with help from other posters that are in concert with them. To ENSURE that they don't lose the biggest part of their 'short', ironically, then, they must deramp with (seemingly) believable posts.
When the pro's do it, they simply get the media or well known 'crooked' tipsters, analysts or brokers to do it for them. (say no more). .They're all in cahoots with each other!
The campaign against shorting is for the benefit of the 'cheated' investors that cannot control their investments due to the dirty tricks played out by co-ordinated deramping in order to tank the sp to abnormally low levels.
When the campaign is complete, the results will be reviewed by Govt legislators re- further action! The branch of the FSA ie FCA will be asked by Davide Serra to conduct an investigation into short selling practices, with the view to either:- an outright ban on short selling, or at the very least to be better and more vigorously regulated !
The HMGovt epetition is a regulated and monitored site with legal authority . Discussions of which are freely e
It is estimated that over 90% of AIM stocks are INFECTED by short-sellers !
Many highly popular stocks are going down even on GOOD NEWS !
# IF you were a short-seller, BLUFFING, (basically manipulating a shares' price) about a company's overvalued share price, you might not want to *draw attention to yourself since you could get accused of stock manipulation. So you would hope (OR PLAN FOR) others to get involved and to present SEEMINGLY GOOD REASONS to short the stock.
You would want to put AS MUCH FEAR INTO 'LONGS' as possible and would use high volume short trading as well as buying to drive the share price down as low as you can and as long as you can. You really want the longs to fold and to get out of the game. If you are consistently seeing sellers overwhelming buyers driving a share price down as a stock seems to be going up, I can assure you it's probably shorts' selling, since longs are totally motivated to sell their shares at the highest possible selling price. #
IT is easier to tank a share price, rather than make it go UP, by short-selling.
RUINOUS to genuine investors.
They may be able to buy in cheap BUT what's the good, if the stock never really recovers?
AND when they have got you all hooked on the 'lovely' new all-time LOW.....They'll SHORT IT AGAIN !
MT LEYSHON PEAK DEMAND POWER PROJECT CONCEPT STUDY
· The Company has recently commissioned a study indicating that Queensland will require new power generation capacity as early as 2017, with peak electricity demand forecast to grow at more than three percent per annum over the next decade
· Taking advantage of the existing reservoirs on site, the study indicates that a Pumped Storage Hydro Power Station of approximately 20-40 megawatts could be developed at Mt Leyshon, at a cost more favourable than competing alternatives and with the operating flexibility to generate electricity almost instantaneously to meet peak electricity demand
· The project is similar to other highly successful pumped storage schemes around the world and is considered to be one of the first to capitalize on existing mine site infrastructure
· The Company will be approaching potential strategic partners that can bring off-take or development synergies to the project
Leyshon Resources Limited (AIM/ASX: LRL) ("Leyshon" or the "Company") is pleased to announce the completion of a study into pumped storage hydro ("PSH") power generation at Mt Leyshon. The high level study is part of broader strategic review which includes assessing the reprocessing of the mill scats and the historical exploration data.
The concept involves generating near-instantaneous electrical power and supplying it into the grid at times of peak power demand by releasing water from the existing upper reservoir through a hydro generation plant. The upper reservoir is refilled from the existing open pit during periods of off-peak prices.
The Australian Energy Market Operator forecasts that new generation capacity will be required in Queensland by 2020 in order to maintain supply reliability within the National Electricity Market Reliability Standard. Under a high growth scenario, this requirement for new capacity may be as early as 2017.
The optimal project sizing based on the physical reservoir characteristics is estimated to be around 40 megawatts ("MW"). The existing power line infrastructure connected to the site supports a project of up to 20MW and with modest upgrades may support up to 40MW.
The unit cost of production for a 20-40MW PSH plant at the Mt Leyshon site compares favourably to the cost of a larger-scale open-cycle gas turbine project, the assumed next best alternative for providing fast-start peak to intermediate generation capacity (i.e. a capacity factor of up to 30-40%.).
Whilst the study demonstrated positive project economics, further work will be required in areas including water chemistry, capital and operating cost estimates, networks, engineering, and regulatory.
The report recommended identifying a strategic partner to assist with managing market risk and underpinning the commercial viability of the project by securing either a medium to long-term off-take with an electricity retailer or major energy user, or a medium to long-term network support contract with the local network service provider
The report came out today, but nothing exciting I can see there. In fact it annoyed me so much it's difficult to get myself to comment on it.
Mostly information about the Gas project, with reference to developments in January 2013... while we were told at the time it's the Chinese Winter and we can't report anything.
Regarding the new Leyshon Resources: 3million cash sitting in the bank, reference to the Gold project (which we previously were told has been mothballed), staff cost at nearly 20%pa of total assets! no concretes about any forward looking developments... very very depressing!
After the de merger I've got such a small holding (50% loss since than), it's not even worth the fees of selling it... can't see this going anywhere else than a de-listing
Please, don't get me wrong. I'm not suggesting that those left with the rump should do anything but hold on & wait and see. Maybe good things will come (again). What I'm railing about is the massive uplift in the sp when the news came out that the co was doing only that which it should have been doing long before. As things stand, this sp is nothing more or less that A$0.012 which is less than £0.005. Crazy ! GFD
You all had the chance to vote against it, but no one except me (looking at the votes cast did)!
It was quite rightly pointed out that this was a successful company and the staff with their experience and contacts are still there. No one is forced to invest here, but to me as a holder the announcement confirmed that they are doing what they said they would and it indicates that we may get leverage and can make a bigger acquisition that everyone was expecting.
You're right nothing to write home about yet... but nothing to run away either!
Well that shouldn't be difficult. There's nothing to research here. Money sitting in the Bank doing nothing but paying the staff. This co is the rump end of what had been quite a successful company prior to de-merger. AIM is littered with co's like this. GFD
world is quite sane - its easy to see that the sp has been run down following the demerger of len. problem is the gamblers who do not research the stocks they invest in and get attracted to spikes like moths to a candle - and get burned. Buy an hold at below 0.9p - there's money to be made in the long run. Len is also an attractive proposition at current sp as it has also been run down - buy before it spikes again & sell on spike when moths are piling in.
What "News" ? Are you stark raving ? All they've said is that they are now engaged in doing what they said the would do before the de-merger ! Tell me, please, specifically what it was in today's News that justified that rise ! Most of the cash and the biggest asset went with Energy on de-merger. This is a SHELL company, nothing more, nothing less, with just 0.05p per share in cash in the Bank, currently doing NOTHING !!!!! GFD
I think I was the only actual holder who opposed the de-merger and I've raised my concerns a couple of times on here regarding that, but I am satisfied that the board is out there doing what they are paid to do.
The board are well paid and experienced so let's not write them off just yet... its great to see some news come out like we've seen today... more please!!
Its only asset mothballed & the equivalent of around A$0.012 per share held at Bank. The Co says its doing what it should be doing & suddenly the price of the share rockets by 46.66% without the Co having made a single investment. Has the world gone mad ???? GFD
You've answered your own question there. The article you copied was from 2012!!!!
Since than they've not Mande any money but lost a lot every year. After the de-merger they also only got pocket money left.
It would be very interesting to hear what they've got planned... more frequently than every two years!!... I suspect there is some kind of sp support going on after the de-merger at the moment why would anyone buy this otherwise??
27 June 2012
COMMENCES DRILLING AT MT LEYSHON
Leyshon Resources Limited (AIM/ASX:LRL) (the Company) is pleased to announce that it has
commenced a drill and test work programme on a large stockpile of ball mill scats at its wholly
owned Mt Leyshon Gold Project in Queensland.
The programme is designed to follow up a number of previous studies which have shown, that
depending on the treatment route selected, between 100,000 and 175,000 ounces of gold can
be recovered through the retreatment of the highly mineralized material.
The material was stockpiled at a time when gold prices averaged around US$300 per ounce and
the most recent of the previous studies was based on a gold price of US$780 per ounce.
The current programme is expected to show that at current gold prices in excess of US$1,500
per ounce, retreatment of the stockpile will generate a strong operating surplus.
Mt Leyshon Gold Project
During the previous quarter management completed a detailed review of the project. It
operated from 1987 to 2002 as an open pit gold mine producing over 2.5 million ounces of
gold and 2.3 million ounces of silver and paid over $300 million in dividends to its shareholders.
The site has been significantly rehabilitated. A Closure and Rehabilitation Plan was submitted
during the quarter to the Department of Environment and Resource Management (DERM).
Newmont is performing the rehabilitation on behalf of the Company.
Newmont is one of the Companys largest shareholders and has a world class reputation for social
responsibility. It became the first gold company to be admitted to the Dow Jones
Sustainability World Index in 2007 and has remained there for the past four years.
The stockpile comprises approximately 12-15 million tonnes of highly mineralised ball mill scats.
One option provided for in the closure plan is for the scats to be reprocessed. A study in 2007
concluded that treatment of the scats could produce approximately 100,000 ounces of gold and
at a gold price of US$780 per ounce would generate an operating surplus of $25 million
Management has also conducted a review of the status of exploration of the 25 km2 mining
licence at the time of the mines closure in 2002. The results show that although extensive work
was done there was no follow up on some very interesting results due to the prevailing gold price
of around US$300 per ounce.
Ive been watching LRL for about 6 months and never bought in due to it going south and all. I'm thinking of buying in now, if I buy in to this now do I get the shares of the new company or just have LRL?
Totally agree Millipede, we need to know what's the point of the rest of the company without the cash and the gas asset.
I voted against the demerger as I believe the company would have been in a stronger position to dispose of any assets than us, now each having to pay a broker fee to sell a few shares in a company in Australia... but I was alone that's how it goes.
If you look at the company structure it's been set up like a multi-billion conglomerate... completely laughable if you keep in mind that all the companies are dormant and the total cash is about £1 million... but that's how it is... lets see and wait if there is some hidden Christmas present on the way.
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