Very good news today - confirms my best hopes - moving north

You guys obviously know this [ LRL] Stock, but after all said and done, Director Paul Atherley has just spent £268k on a big wad of stock. Could it be that he does believe thee is gas there? Otherwise, why is he investing in what you appear to be saying is almost a dry area?

He currently owns 12% of LRL, inc. this latest purchase.

Is this a "stay-away", since it's based in Aus. and China?
EDIT(15March2013)- seems to be upward going - IC suggests the upside "huge" is worth the downside, since cash part-supports sp. Since China needs the gas I guess they will have Gov. support - glad I bt about 16p
EDIT (Jn2013). Ooops! sp falls to c.10p as well is deeded "dry" - but there are others.
EDIT(23Jy2013)-Another drilling a few km away from the Dry - sp12p, " in hope".

A reminder for Thursday evening, spaces still available if you would like to attend.

Mining and Resource Investor Evening- London – 25th April 2013


Following the resounding success of our previous evening events, Mining and Resources Quarterly and Shares Magazine are proud to offer another chance for you to meet, hear from and ask questions of key senior management figures from carefully selected companies in the mining, oil and gas sector.

This event offers an unique opportunity not only to hear about the latest plans from some of the most exciting companies in the sector, but also to put your questions to the people that matter. What is more, there is a free drinks and canapés reception where you can mingle with industry leaders and your fellow investors. Make sure you don't miss this unique opportunity to get the answers you need from the people who make the market.

The evening conference is tailor-made for private investors and professionals who already have exposure to mining and resources stocks, or anyone who is considering putting money to work in these exciting and dynamic industries.

Tickets are completely free but places are strictly limited so register now.

REGISTER NOW FOR LONDON EVENT ON 25th APRIL 2013

Date: Thursday 25th April 2013

Venue: Novotel Tower Bridge, 10 Pepys Street, London EC3N 2NR

Registration: 6.00pm

Presentations: 6.30pm followed by a drinks/canapés reception

Companies Presenting:


FOX MARBLE



Fox Marble Holdings PLC(FOX) is a natural stone extraction company operating in Kosovo and the Balkans region, with headquarters in the United Kingdom. Established in 2011, Fox Marble has access to over 300 million cubic metres of premium quality marble including white breccia and honey yellow onyx.





Speaker: Chris Gilbert, CEO



LEYSHON RESOURCES



Leyshon Resources Limited (AIM & ASX: LRL) has been fully engaged in China since 2003 and has its main operating office located in Beijing.

Leyshon, along with its partner PetroChina, is one of small number of companies exploring and looking to develop unconventional gas production on the Eastern Flank of the Ordos Basin in China.

"We are accelerating the 2013 programme for the Zijinshan Gas Project with plans to drill and test six wells, capture 300 kilometers of seismic data with the aim of delineating resources by the end of the year.”

Speaker: Paul Atherley, Managing Director



MWANA AFRICA


Mwana Africa PLC(MWA) is a pan-African resources company with operations in Zimbabwe and South Africa, and a broad range of exploration projects and interests in the Democratic Republic of Congo (DRC), Angola, Ghana and Bostwana. The group has a diverse asset base, including gold, nickel, copper, cobalt and diamonds.

In October 2005, Mwana Africa became the first African-owned, African-managed resource company to be listed on the London Stock Exchange’s Alternative Investment Market (AIM), through a reverse takeover of African Gold plc by a privately held mining company, Mwana Africa Holdings (Pty) Limited. Mwana Africa Holdings (Pty) Limited was itself formed in 2003.

The company intends to pursue further mining opportunities across the African continent, both independently and, where appropriate, in partnership with other stakeholders

Speaker: Donald McAlister, Finance Director



REGISTER NOW FOR LONDON EVENT ON 25th APRIL 2013

Dress code: business attire

Listen to Paul Atherley, CEO - Leyshon Resources on the panel of the recent BRR Media Thought Leaders series.

Click here to watch

Today's announcement makes interesting reading.

Yes very promising. LRL are well cashed up also cash equivalent of 12p and news of a commercial flow today on it's first well.