RE: RE: $1,59 Close>>>typical PUMP and DUMP, insiders should be prosecuted!!<<<<
I agree.
I follow LEXG because it is such an amazing story. The stock continues to be above $2 and the company continues to pump out press releases. On May 17 LEXG states that the pilot plant will be up and running this year. LEXG is skipping exploration, resource delineation, permitting, financing, etc and moving right into pilot production. I don't believe a prudent investor would jump into this stock without a proven resource. Yet the price remains above $2. The first quarter 10-Q, signed on May 18 states that expected total expenses for this year will be $189,000 with 160K of that being mining expenses. So, with hardly any expected expenses the company is moving full speed ahead.
Who is supporting this high stock price? Are one or two people trading to themselves? I wish someone would write a tell-all book about this company. Maybe make it into a movie.