Why the bearishness
The reason the share value is down, I beleive, is that LEX actually "lost" almost $6 million,
just by sitting around and doing nothing.
They need to start acting, drilling, exploring, whatever .... but they can't just sit around counting
the value of their cash and investments in other companies ! That is not how great companies are
made.
The market value of securities, cash and other monetary assets minus liabilities was approximately $29.6 million at the end of the First Quarter, 2010 ............ and $35.5 million at the end of the Fourth Quarter, 2009.