Landore Resources Share Discussion Threads

[justino] 16/5/2014 15:48

I think it's fair to say LND has been off the wider market's radar of late due to its unloved sector and up until recently the depressed Nickel price, plus we had a large seller/s out last year.

That could change soon when we get full results of the 3D survey and subsequent drilling confirmations afterwards.

Take lochlea's figures and you can see it would be way undervalued with 100,000 tonnes (we have 75,000 now)but based on the results of the 3D survey shown on the Landore website 100,000 tonnes might end up being highly conservative. Then the valuation will look ludicrous. Also remember processing costs per tonne will go down the larger the resource which equals more profit per tonne.

You know what it's like, the wider market usually catches on later and the the revaluation usually happens.

[lochlea] 16/5/2014 15:01

If they get the resource up to 100 tonnes then you are looking at approx $1 billion gross profit. Personally I think 100 tonnes would be a massive anti-climax and disappointment. But even so.

A valuation of £25 million for a potential $1 billion gross profit looks madness. They've spent £25 million just getting to this point in time!!!

Good to see the spot price have a bit of a bounce today.

[coley15] 16/5/2014 14:50

why Chutes?

[chutes01] 16/5/2014 14:30

I think 7p, or £25 Million valuation is on the cards soon here.

[lochlea] 16/5/2014 12:13

And is being reported by ADVFN (and others) as a buy.

Guess the 250k that followed and immediate drop in the bid suggests that 250k was a sell.

[johnsalv] 16/5/2014 12:05

FYI
244k was a buy

[lochlea] 16/5/2014 11:59

Still a seller holding it back.
Convenient seller to peg price or a genuine one prepared to take a loss?

Who knows...... that's AIM stock for you.

[chutes01] 16/5/2014 09:34

moving up now

[lochlea] 15/5/2014 09:02

Sounds bullish - "Landore Resources is in a very positive position to move forward and create substantial shareholder value."

Wonder if he had any timescale in mind when saying that.

Hope the spot price bubble hasn't burst that the analyst mentions above. Been quite a sharp fall-back over past 48 hours. Maybe just a temporary correction. Can't go north all the time I guess.

[phantomf4m] 12/5/2014 23:07

Nickel continues its surge

AAP |
May 13, 2014 8:02AM

NICKEL'S hot streak has continued on the London Metal Exchange (LME), with the metal closing sharply higher to take total gains for 2014 to 50 per cent.

The LME's three-month nickel futures contract was up 5.0 per cent at $US20,900 a metric ton at the close of open-outcry trading on Monday, its highest daily settlement since February 2012 and a 50 per cent gain on the start of the year.

Nickel prices have been rising in recent months due in the main to a ban on ore exports from Indonesia, the world's largest producer of the metal.

Concerns about possible sanctions against Russia, the world's second-largest nickel producer, were then compounded last week by a production outage at Vale SA's (VALE) Goro nickel processing plant and mine in New Caledonia.

"Prices continue to charge higher," said INTL FCStone analyst Edward Meir, noting that nickel's next challenge is to break above technical resistance at $US22,000 a ton.

Still, nickel's rally is starting to look overextended, said Meir.

"Strong as the charts look, we are in bubble-like territory here and would be cautious about jumping in," he said.

Most other base metals were higher on Monday, boosted by hopes for better Chinese demand after the country outlined a blueprint for capital market reform. China is the world's biggest metals consumer, accounting for 40 per cent of global copper demand.

Copper closed 2.0 per cent higher at $US6,878 a ton.

[lochlea] 09/5/2014 11:59

I suspect we'll get news on fundraising first, before any announcement on a resource upgrade. Be interesting to see what the AR says. Must be due very soon.

What is certainly extremely good timing is China & Japan scrambling to secure supplies of nickel. Even rumours of stockpiling by China.

[justino] 09/5/2014 08:15

Nickel now over $20,000 per tonne.

Could be very good timing for Landore to substantially increase the resource.

[chutes01] 08/5/2014 16:20

News this month should see this exceed the 5p level.

[robers98] 08/5/2014 13:12

Justino, very good, but the share price has lost its mojo at present.

[justino] 08/5/2014 05:24

Nickel now trading at over $19,000 per tonne.

[lochlea] 01/5/2014 08:27

Yeah you're probably right........ the selling has probably been a figment of my vivid imagination too.

[glennrcharles] 30/4/2014 21:17

Nature abhors straight lines ...

[lochlea] 30/4/2014 16:30

Price starting to be deliberately manipulated back south to facilitate next fundraising?
Or am I just being too cynical?
Find it most odd to see relatively so much selling at this low price and at this late stage in LND's development. Especially when 75% of stock is apparently considered (by RP) to be in safe hands.

[justino] 28/4/2014 09:34

Nickel over $18500 per tonne.

[chutes01] 27/4/2014 11:39

All for £11 Million, would like to see market cap nearer double that prior to further updates in May.

[johnsalv] 25/4/2014 12:30

London has very little interest in Exploration/Mining Stocks at present. So who is buying - China, USA, Canada, ??

Edit - IMO the 12 million went to the Swiss