Sunday October 23, 2016
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Leyshon Drilling News – It is good but Unclear

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- Tom Winnifrith

Leyshon Resources (LSE:LRL) shares have been unsuspended (at 25p) and have duly plunged back to 20.25p in the middle after the release of drilling news from China. I sense that a lot of Bulletin Board loons had got a little bit carried away last week pre-suspension and are now banking gains or just panicking as they do not really understand a statement which is, on balance, good. Some loons are even expressing disappointment that it is a gas discovery not oil which is odd as Leyshon always said it was drilling for gas in a gas rich region.

I tipped this stock at 11.5p (offer) in late October on the Nifty Fifty website

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