Landore Resources Share Discussion Threads

[glennrcharles] 13/10/2016 14:08

Gold still the same weight..!

[tini5] 13/10/2016 13:00

This from the last drilling update:

BAM East Gold Prospect:

Landore Resources is planning a follow-up drilling programme, scheduled to commence in early October, to extend the new gold zone down dip and along strike to the east and west and to obtain material for metallurgical testing.

I expect it's too early though for an update - I'm not familiar enough with the process and history of these explanations and expected timeframe before an update is released to the market.

Long term though I'm very bullish on LND, even if the share price is looking a bit poor after the recent excitement. When you look at it from a chart perspective though, it's looking good for a big leg up. If that coincides with a positive update on BAM East Gold Prospect, could be looking at 6-7p. The chart when looked at over a much longer period of around 3 years, suggest we're moving out of a long slump.

Last broker note was in 2013 and gave a target price of 12p. Whether that holds any weight three years down the line?

[hugus maximus] 13/10/2016 09:25

Very quiet here ... nothing for 10 days. Would anyone be kind enough to drop a summary of state of play re: expectations and timing? Thanks HM

[imperial3] 03/10/2016 17:41

Follow up drilling on their gold prospect is due to commence early October they have said in their interim statement.The results from that should be interesting.If they are really good,do we have a gold mine?

[tini5] 29/9/2016 12:54

This is usually slow to react positively to news. Last couple of results normally took 48 hours-ish to move. Will most likely be back at 4p and higher next week.

[chester] 29/9/2016 12:48

50% Fib retrace = 3.6p. Hit that today. Hopefully retrace over.

[justino] 28/9/2016 07:49

Yep, hopefully that should appease the doubters.

'As set out above, the cash proceeds from this disposal have enabled Landore Resources to plan and fund its October drilling programme.'

[idle jack] 28/9/2016 07:17

No funding required!

[borrachobob] 28/9/2016 02:16

Robers what are they saying about the lithium? I've also heard more positive news to come about lithium

[panthechef] 27/9/2016 15:41

That's a very big strike length looking forward to the results and the new drilling program which is not to far.

[robers98] 27/9/2016 15:08

Also need to keep a watch on that Lithium according to a poster over on LSE!!!

[johnsalv] 27/9/2016 14:28

And -A trenching and channel sampling program is continuing along the 2.7 kilometre, east-southeast to west-northwest trending MaxMin geophysical anomaly (MM-7) and along the parallel geophysical anomaly (MM-18) located approximately 200 metres to the North of MM-7. Results from the sampling are currently being received and collated and will be released when completed. And -Since there are multiple instances of visible gold as well as high grade gold in current drilling, core samples from intervals of interest have been re-submitted for screen metallic gold analysis to check reproducibility of gold assays. Results are currently being received and collated and will be reported when complete.

[justino] 27/9/2016 14:14

My feelings too Robers. Let's hope we're right!

Interims due very soon. Hopefully there'll be the usual forward looking statement.

Next few months could be quite exciting!

[robers98] 27/9/2016 13:56

Hi Justino, if the buyer from the last couple of weeks is still around then this could be a short term drop.

[justino] 27/9/2016 13:08

Hi Robers, personally i think it was a shake to get MMs some stock to fill buy order/s.

IMO the giveaway was when they marked it down you could hardly buy a share but sell in size.

[tini5] 27/9/2016 13:08

Some good buying opportunities around today, LND included!

[robers98] 27/9/2016 13:01

Looks like they found some buyers instead.

[justino] 27/9/2016 11:48

You can only buy 2, yes, TWO shares maximum online through Barclays S/B

You can sell up to 750k shares.

IMO a big MM tree shake to accumulate stock.

[panthechef] 27/9/2016 10:52

Lnd had a listing on TSX many years ago well over 10 from memory. I guess the costs involved at the time of delisting were a factor.

Things change, all the best.

[davidblack] 25/9/2016 21:50

I think the difference is that PGD were in Argentina. So just another foreign stock listed in Toronto with a non Canadian management.

Plus Argentina under the last two husband and wife presidents were anti business and basically thieves. The new president is a free marketer.

So on Landora TSX listing of an Ontario asset is far more accessible plus it gives access to Flowwthru dollars, their version of EIS-ISA investing. That will provide all the drill money required!

[robers98] 25/9/2016 20:42

We had the tsx listing for Pgd & that brought zero to the party. I cannot see management going down this route again. Imo

[idle jack] 25/9/2016 20:30

Holism......yeh good crack. Not.

[holism] 25/9/2016 15:15

Yea all of that I agree but lets see what the issue price will be.

[davidblack] 25/9/2016 14:58

They are funded for the next round and a lot more besides.

Plus if they want money there is plenty in Toronto where they are very keen to back new gold discoveries in this particular Greenstone belt.

Remember Premier are building a big mine, not far away on Highway 11 to their east.

Also there are other companies that are operating in the neighbourhood which have gold and base metal discoveries. Gold exploration is the flavour off the day due to the physical shortage of gold. You can't get delivery at the moment.

Additionally the Geralton greenstone belt is a hot spot due to accessibility!

So I don't think they are going to struggle raising funds from Canadian institutional funds which may then lead to a TSX listing?

Lastly Nickel is on the move its at $4.82 a pound up sharply in the last month and just 10c of its year high.

Lots to be optimistic about for Landor and the Geralton greenstone belt generally.

[kfp] 25/9/2016 13:36

What about the funds from the Lithium sale $150 k ?