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Longhorn Exploration Corp T.LEX


Primary Symbol: V.LEX

Longhorn Exploration Corp. is a Canada-based company, which is primarily engaged in mineral exploration activities in British Columbia, Canada. The Company is focused on Lily Rock Hydrogen Project, covering approximately 519.7 net acres of land located in Kansas, United States, which allows for the prospecting, exploration, drilling and production of any substance including hydrogen gas. The Company also has an option to acquire a 100% interest and title to the Fame property located in the Clinton Mining Division, British Columbia. The Company has the rights to acquire 100% of the optionor's 11 mining claims located in Chilcotin, British Columbia, Canada. It is also focused on the acquisition, exploration and development of natural (white) hydrogen assets. It holds five natural hydrogen lease agreements in Kansas, USA, covering approximately 829.20 acres.


TSXV:LEX - Post by User

Bullboard Posts
Comment by martinboyon Mar 12, 2013 3:15pm
159 Views
Post# 21117870

RE: RE: RE: What is missing here

RE: RE: RE: What is missing here

If there is one big buy order ... the market maker will get the price to fill it by mana small sell orders. This is normal and this is what we see. The chart does not give the confidence either, that it can not go down to 8 cents  or lower.

Could ve also the part of a take over strategy: Bring it down to 6 cents and take over at 8 cents (with premium). Everything is possible. Who thought, it would fall to 11 cents ? Not many ... 

In the same way: Why it could not fall further ? It is even possible, that the latest drilling rssults are not great ... and someone knows it. Anything is possible, but the down trend goes on too long and too "stable" at the moment ?

Bullboard Posts