posted
Everything's trading on my real-time... not sure what you're seeing...
As for LXRS, I am just going to wait it out, maybe even purchase more if it goes lower. There was no reason for this stock to tank, it's still worth $7+/share.
posted
bottom line: a move like this takes patience. It WILL go back up, we just have to wait for it to happen. Until it does, I am not concerned with the pps. Let it jump around, so what. You haven't lost/gained money until you sell.
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posted
Lots of money to be made here with correctly timed entry and exits. These swings are so wide and movement to fast for my liking. I'll leave it to the more experienced.
[This message has been edited by SCS (edited June 30, 2004).]
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I think i'm going to hold a little while longer. The company itself looks stable
Lexington Resources Doubles Drillable Land Position With Further Arkoma Basin Acquisition Wednesday June 30, 9:04 am ET
LAS VEGAS, June 30 /PRNewswire-FirstCall/ -- Lexington Resources, Inc. (OTC Bulletin Board: LXRS - News; the "Company"), announces that the Company has acquired approximately 4,600 acres of Coal Bed Methane ("CBM") target gas leases located in 38 sections of Hughes and McIntosh Counties in the State of Oklahoma. This acquisition will more than double the current drillable land holdings of the Company. Lexington Resources has paid a total of $125,000 towards the farm out lease purchase totaling $600,000. Completion of final due diligence is expected within 30 days. Acreage under acquisition extends over an area of mutual interest of approximately 24,320 acres. Additional leasing activity is expected in conjunction with this acquisition to further expand acreage in order to maximize both drillable inventory and drilling opportunity. These new leases encompass rights to all possible producing zones to the base of the Hartshorne Coal Formation at estimated depths of approximately 3,000 feet and include a 79.25% Net Revenue Interest and a 100% Working Interest. The Company has begun planning further horizontal gas well development on the acquired lands, along with further land leasing activity.
Lexington's President, Grant Atkins commented, "The new land position brings our total drillable acreage to almost 9,000 acres effectively doubling drillable leases -- enough inventory for our immediate drilling season and well into next year. The Company continues to acquire high value, low risk, gas drilling targets such as these in order to generate immediate revenues and create strong long-term value."
quote:Originally posted by dropithot82: low speculation...breezer u still in?
hopefully volume will pick up late today.
Hey - sorry I went to lunch on a business deal.
Anyway - I am still in and holding. I am optimistic
However - I could kick myself for not buying more under $3!!!!!!!!!!!!!!! I was going to but I wanted to be home and WATCH it (and had a luncheon meeting).
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like this for tomorrow. had nice runup at the EOD after dropping over 70% in two days from $7. Had positive PR today. I talked to investor relations today, and they said that they plan to submit more PR over the weekend discussing a new drilling area.
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