3611 days ago
As part of its strategic review of its currently on care and maintenance Mt Leyshon gold project in Queensland, Australia, AIM listed Leyshon Resources (LRL) has announced the completion of a study into pumped storage hydro power generation.
3755 days ago
Shares in AIM listed Leyshon Resources (LRL) perked up from 6.5p-6.75p at the end of last week to a 7.25p-7.5p yesterday on the back of the company’s announcement of General Meeting approval for its proposed demerger of its energy assets. Today the shares are down at 1.62p but panic not. There is more to come. Yes this is a share tip. Let me explain.
3850 days ago
I met up for dinner on Wednesday night with Paul Atherley of Leyshon Resources (LRL). Paul needed no reminding of the share price but was not complaining. He is enough of a market veteran to know that there is no point bleating you just have to deliver. He is not allowed to give me inside information on the Chinese drilling but we sort of talked around it.
3921 days ago
AIM listed China oil and gas play Leyshon Resources (LRL) has released a report covering the second quarter of 2013 - which emphasises that it remains “well placed” to continue advancing its exploration and appraisal of the Zijinshan gas project in central China. So are the shares a buy? Yes.
3930 days ago
AIM listed oil and gas stock Leyshon Resources (LRL) has announced the commencement of drilling of well 'ZJS7' on the Zijinshan gas project in China – this at a location approximately three kilometres to the northeast of well ZJS5 after a recently completed formation pressure test there, following a three week shut-in period, “recorded 16.5MPa/2425psi on a single zone, significantly higher than that recorded in nearby wells in the same strata”.
3967 days ago
AIM Listed Leyshon Resources (LRL) has announced that it has abandoned ZJS6, its second well drilled in the Ordos Gas basin. It states that it has encountered water in several zones and thus cites “technical problems” as its reason for pulling away.
The well did discover gas so is not a total wipe out but technically this will be very hard work and so quite rightly Leyshon has cracked on with the third of its planned eight wells in Ordos.
The shares have tanked by 30% on the news to 11.125p valuing Leyshon at just under £40 million (the same as Andy Carroll cost The Irons over five years if he signs with West Ham). Which is worth more: Leyshon Resources or five years of old horseface? Discuss.
And so as a result the Leyshon Ordos scores on the doors are:
4031 days ago
I know that it is Sunday but no day of rest for me. Well, sort of rest. I like cooking and so opened up the kitchens at Real Man Pizza to cook lunch for Paul Atherley and Lily Cong of AIM listed China gas play Leyshon Resources (LER)
4075 days ago
I met up with Paul Atherley, the CEO of AIM listed Leyshon Resources (LSE: LRL) for a brief chat on Wednesday. It came on the heels of a trading statement the other day and a few points came out of that chat.
Leyshon is a rare beast on AIM in that it lays out its plans, stocks to them and delivers. Well it has done so to date. And it has been a cracking share tip for me on my Nifty Fifty website.
4168 days ago
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
4170 days ago
The suspension of trading in shares in Leyshon Resources (LSE:LRL) will continue until Wednesday (rather than today as was first announced). The company wants time to produce a full technical analysis of the drill results from its first gas well in the Ordos basin in China. I do not read anything mysterious into that. You cannot call it good or bad at this point. Indeed it is better that a detailed report is put out than a half cocked one.
4170 days ago
I think both sound and picture quality are okay this week. Recorded on a wet weekend this video postcard is about 12 minutes long.
On the agenda
1. Leyshon Resources (LRL)
2. A big win for the Nifty Fifty which you can subscribe to here
3. Vialogy (VIY ) – new points of concern
4. Hype versus value
5. Wider market trends
6. The Middle East and oil
7. The publication of Letters from the Chestnut Tree Cafe, my new e-book. You can obtain more details and pre-order here.
4173 days ago
The weekend Tomograph Newsletter will go out on Sunday with all its usual material plus an exclusive article on Paul Atherley of Leyshon Resources (LRL), an exclusive piece on why its right to despise so many teachers and social workers plus more on Letters from the Chestnut Tree cafe and my editors pick of the week.
To ensure that you receive the newsletter and these articles which will only be in the newsletter and not accessible elsewhere for some days click HERE.
The newsletter should be out by early afternoon Sunday.
4199 days ago
Once again both the sound and picture are all okay. A pity about the window occasionally banging in the background but almost there for the latest video postcard which is fairly wide ranging.
Back in London on the first train Tuesday I plan to record my first CEO Videocast this week. Hopefully no banging windows there. And I cannot say where it will appear. But it will.
The video lasts 12 minutes
4206 days ago
Jeepers. I think I have got both the sound and light right this week. A bonus helping of chocolate pizza for me. I had to get the hang of it eventually. The nine minute video postcard is wide ranging and I only mention Sefton Resources (SER) once and even then only en passant. How is that for restraint?
