Landore Resources Share Discussion Threads

[jackbal] 22/8/2016 16:22

should say is necessary

[jackbal] 22/8/2016 16:21

Davidblack do you think another placing in necessary short term? I can see you are very knowledgeable on the industry and wondering whether you think they would have burn through most of the cash recently raised?

[davidblack] 22/8/2016 16:13

Yep clearly a seller in the background there.

Mind you if they came in a 1p in the placing it was a great return.

I am going to take a bet that the visible gold will turn on the charm over the next few weeks.

[jackbal] 22/8/2016 15:31

Must be a largish sell order being worked which will be reported later. Only explanation for price dropping this afternoon.

[imperial3] 22/8/2016 15:31

Your confidence is admirable.I just hope you are right.

[davidblack] 22/8/2016 13:54

Just added 150,000 at 2.65p, this stock turns on a sixpence!

Was down before my buy, and up now!

Looks like the MMs are as much in the dark as all of us.

Maybe an announcement this week? But maybe not?

[stan-the-man] 18/8/2016 15:54

Many thanks Davidblack for your posts. We do seem to have considerable potential here after a good while in the wilderness! Exciting times ahead all being well.Stan

[imperial3] 18/8/2016 15:07

David Black.

A good post.An interesting read.Thanks.

[johnsalv] 18/8/2016 14:51

Many thanks Davidblack
Another BNC would be most welcome.

[chutes01] 18/8/2016 13:16

Interest today
Perhaps further assay results tom

[davidblack] 18/8/2016 12:31

Sorry Imperial most of those hot Lithium plays will turn out to be nothing more than "Noise."

"Vancouver plays" as they are called in Canada, and not in a good way.

The Bolivian, Argentine and Chilean lithium salt plays are generally respectable, the rest are very flaky because of grade, tonnage and or processing. Lithium is not easy stuff, its very reactive which means cracking it requires hard work.

To be fair there is actually one very nice Mexican Lithium play. It looks good as production will be in place while the market hits its height, Lithium demand wise and the economics is rock solid at current prices.

If you must take a look at



What transforms that one is that they have substantial secondary revenue coming in from fertilizer byproducts.

The wider point is Lithium as a technology was only invented in 1979 and it has a tendency to explode! Its only acceptable currently because there was no alternative. That is about to change and when it does there is a Health and Safety crackdown coming.

Other technologies are coming in fast including Zinc Air batteries which don't blow up. Plus zinc is cheap. But there are quite a few useful technologies that are made from plentifully available resources.

Also the research is being funded by the US Department of Energy and the DOD who want this technology and don't want to be dependent on questionable supplies. They are being very supportive.

So in my humble opinion Landore are smart to shed a non core asset in the middle of nowhere given they are short of easy working capital.

Junior Lake however is a dream location for any miner, it is sitting on the CNR railway! Plus nickel will come back.

And yes the gold is a bit of a promote but you never know? There might be a Hemlo in there! Its on trend and has the right geological rock mix.

Now that would make Brancote look like small change.

Just my 2 cents worth.

[idle jack] 17/8/2016 22:02

JS. I wouldn't waste yr breath...handwringers looking for comfort. Average down ......sit with holding......sell and move on.....or incessantly moan.... choice is there. Looks pretty good to me right now certainly worth waiting to see what unfolds in the next few months.

[imperial3] 17/8/2016 16:37

They have spent years and years drilling holes with ever more dilution thrown in,and where has it got them? Nowhere! One really good lithium prospect they did not have the stomach for,the others at an embryonic stage.As regards nickel don't hold your breath! The only faint glimmer of hope is their gold discovery.So much for having bought at 17p.

[luni2] 17/8/2016 15:59

End or the day without the constant fundraising the directors wouldn't get paid and without the significant discoveries they wouldn't get the fundraisings. Wonder how long it's going to be before someone smells a rat

[luni2] 17/8/2016 15:32

Oh yes and you of course are very well versed in the intricacies of mining companies, hence your major life changing investment in these two successes

[johnsalv] 17/8/2016 15:28

You clearly have very little understanding of exploration companies,and how they are funded.

[luni2] 17/8/2016 14:49

You might as well put your share certificates in the bin

[johnsalv] 17/8/2016 14:25

So to sum up then - share price falls = fund raising.
and the Directors have washed their hands of their other "major" gold play.

That reminds me - I must put the dustbins up the drive.

[luni2] 17/8/2016 12:28

They've already washed their hands of their other "major" gold play!

[luni2] 17/8/2016 12:26

Johnsalv surely the fact that they ran the price up on significant finds of nickel trapping hundreds if not thousands of shareholders into massive negative positions you should be a little cautious now that they're doing the same thing again, only this time it's significant finds of gold. My honest belief is that the aged directors of this company will be long retired before it finally winds up as not viable to proceed to a mine!

[lochlea] 17/8/2016 10:01

......... all quite legal....... but still a bit of a professional con job imho.

[lochlea] 17/8/2016 09:58

Same old, same old......... share price being manipulated down with a very few sell trades ........... must be fundraiser being organised in the background for the boys to get maximum discount.

Averaging down........ what a laugh for those who 'invested' in this Company a decade ago.

[hugus maximus] 17/8/2016 09:41

Johnsalv - "Averaging down" was not an option that I considered, as I bought a considerable quantity at 18p on the advise of a major share holder who had just bought in (5 years ago) ... he eventually withdrew his investment and it looked as if we were simply throwing good money after bad! The jury is still out for me. "Averaging down" might still be interpreted by some as "throwing more money away".