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LEXAM VG GOLD INC T.LEX

"Lexam VG Gold Inc is engaged in the business of exploring precious metal mineral properties in Timmins, Ontario, Canada. Its properties include Buffalo Ankerite, Davidson Tisdale, Fuller, Paymaster, and Baca Oil and Gas Project."


TSX:LEX - Post by User

Bullboard Posts
Post by martinboyon Mar 28, 2013 6:17pm
177 Views
Post# 21183298

SCARRY .. LEX in massive fall on Massive Volume !

SCARRY .. LEX in massive fall on Massive Volume !

This can not be a "normal move" for weeks. Only one direction on millions of shares sold. Today again over 2.3 Million shares falling below 10 cents, intra-day. The fall is continously going on - with no pause.

By TA, this is not a good sign ... someone BIG is selling big times and no news ?

It must be a (pretty big) loss to anyone selling at these levels. There is no other possible conclusion. Even more puzzling why someone/s is / are selling now (at "no news") ... so many shares ?

Would it not be logical to assume, that someone knows something - given those ugly price falls. Strange to me on WHY the drilling results are delayed so long ? And why NO insider is buying on these levels ? If everything looks "brilliant" ...

Imo, Rob and MUX will not buy LEX any time soon - because they need money themselves for El Gallo Phase 2 for which they made a PP recently (yet an other 100+ millions needed) ... how can they buy LEX "now or soon" ?

Any of the above news would not be great ... but more than "real" or possible.

If you would live on an empty island and you look purely by the chart (not knowing it is Lexam), then LEX could fall into the 0.07 or 0.06 CAD area. Even it sounds rather unbelievable.

Hmm, any thoughts what's going on ?? 

Bullboard Posts