Landore Resources Share Discussion Threads

[lochlea] 13/10/2014 08:07

...... from a great distance..... bid was 3.75p immediately after last RNS issued which was only 2 weeks ago. Since when value of stock has fallen 35% in just over 2 weeks.

[lochlea] 10/10/2014 13:26

This stock being walked down again, too (along with PGD)?

These guys sure have a way of shafting longstanding, loyal holders who have no spare savings left to average down.

EDIT:

After virtually no trades all week - 9 straight sells on the spin today at more or less rock bottom prices (but still not below the recent Placement amount). What's that I smell? It stinks.

[robers98] 02/10/2014 11:32

Nickel prices seen at $20 000/t next year

PERTH (miningweekly.com) – Nickel prices on the London Metals Exchange (LME) were expected to average at $20 000/t in 2015, owing to expected shortfall in new production, coupled with a ban on ore exports from Indonesia, financial adviser Alto Capital reported at the Paydirt Nickel conference.

Nickel prices traded at a six-month low of $16 095/t on Thursday, as the LME reported record inventories in nickel stockpiles.

Alto senior analyst Carey Smith said in Perth on Thursday that while the LME stockpiles were currently at record highs, this was expected to drop off during the remainder of the year as nickel pig iron (NPI) supply from China dried up.

China’s production of NPI is estimated to decline to 350 000 t this year, from the 500 000 t the country produced in 2013. By 2015, NPI production was expected to reach only 200 000 t, which Smith pointed out would leave a 300 000 t shortfall in China’s NPI production.

“This shortfall will drive the need to source additional nickel feed, and this in turn will drive the LME stockpiles down, and they will decrease going forward,” Smith said.

Meanwhile, Smith pointed out that delays in new nickel projects would result in a three- to six-year delay for new production to come on line, which combined with Indonesia’s recent ban on nickel exports, would further drive nickel prices.

“The new projects will partially offset the NPI shortfall, but the one plus is that any new laterite project is unlikely to be built within the next decade,” Smith said, pointing that the capital costs for these projects had more than doubled, with investors proving hesitant to back these projects.

“These types of projects are off the table for at least ten to 12 years,” Smith said.

[johnsalv] 29/9/2014 14:30

"I've been bashing the management on here for years" says it all and you expect me to believe you hold shares.
Who in their right mind invests in a Company and then continues to bash away day in day out.
You are short or a fool. Which is it?

[lochlea] 29/9/2014 14:15

I've been bashing the management on here for years!! Critical analysis I think they call it.

How about you? With your close association with the management here, did you get your hands on some of the cheap 2.5p Placement stock and start flogging it at 3.75p downwards??? Funny how the selling seemingly stopped at 2.5p eh?

What about all the state of the art technology you were bragging about years back when I was bemoaning the slow pace of the pre-feasibility study? Must have been the longest in record. Just keep on digging. And smiling and watching this space!!

[johnsalv] 29/9/2014 13:26

Yeah right - 24hrs a day constant bashing - you are short

[lochlea] 29/9/2014 13:00

......anyway, I suspect you'll find the recent 'action' is more likely to be along lines I have hinted at in previous posts.

Keep smiling and watch this space!!!!

[lochlea] 29/9/2014 12:59

That's typical of you. If only you knew fact from fiction!
No, I have never shorted a stock in my life. In fact I am not sure I would know how to go about it. Still got some LND paper stock addressed to James Capel (Nominees)Ltd, HSBC Bank plc, 8 Canada Square dated 21/9/06. The paper has turned a funny shade of yellow. Sure it was white once upon a time.

[johnsalv] 29/9/2014 12:51

Lochlea? Have you closed your short.

[imperial3] 29/9/2014 11:58

It is a pity that they are not devoting any effort to further explore the potential of their lithium deposit.

[lochlea] 24/9/2014 10:49

How good is anyone's memory...... when was the last buy trade?

The House Broker must be pleased with themselves having flogged off zillions of discounted new stock. Bring back Panmure Gordon - at least they were bullish and issued Notes to that effect. Maybe that was their downfall???!!!!

[swizz] 23/9/2014 19:06

The IR is dire here IMHO, certainly at a PI level and possibly higher, the options underlined that one,......GL S

[lochlea] 23/9/2014 09:18

Ref IR...... they almost sound real proud of fact they managed to sell a shed load of shares at 2.5p that were a long time ago trading round the 20p mark.

[lochlea] 22/9/2014 16:27

See the price of nickel haemorrhaging. China to blame again? Grrrrrrrr.

[lochlea] 19/9/2014 09:35

Let's hope the Interims are published next week. Even then they will be the latest ever reported since 2005.
I honestly thought I detected a degree of urgency earlier on this year when they were stating actual dates when studies were started and finished and even boasting of them being completed one week ahead of schedule (whooopy doooo!!). Now, we seem to be back to waiting for results to decide where/when next to organise a drill prog. Far cry from talking about fast-tracking to production 6-7 years back.

[lochlea] 16/9/2014 14:45

Any significant buyer(s) will probably hold fire until it's good to go with any discounted fundraising or game-changing corporate news leaking.

What I find a bit disturbing is I can't recall any official announcements regarding substantial shareholding changes. And there certainly been some over the years judging by the figures stated in the ARs. In fact, I can't recall ANY announcement since the days when Packer Jnr's mob bailed all those years ago.

[robers98] 16/9/2014 13:17

Need some other buyers around, shame the seller hadn't been worked through already.

[swizz] 16/9/2014 12:15

1.65M delayed from yesterday ticks through, is that the last of the overhang?.....GL S

[chutes01] 15/9/2014 19:32

net £6000 sold, no big deal, just no buyers around, that will change in time
hang around !

[lochlea] 15/9/2014 09:51

..... although on re-reading it is clear there'll be further drilling after current drill prog....... which is a bit of a disappointment. Not a lot of mention of nickel.

[lochlea] 15/9/2014 09:47

Good update..... share price at pretty much historic lows (3p against director purchases at 16p years back) YET share price is now down today........ don't ya just love AIM investments/stock?