Landore Resources Share Discussion Threads

[glennrcharles] 19/1/2018 12:40

Sorry. The guy who used to have a view and have this close to his heart is now sadly over the threshold.... and I'm not talking tax!!! I could actually do with a good reason for holding these as opposed to swapping for something else.

[hugus maximus] 19/1/2018 09:02

All is so terribly quiet here.

Almost a month since the last post. Does anyone have some enthusiasm regarding what's actually happening? Indeed if anything is actually happening. Just another year of "surveys" and directors taking our money to feed their wage packets?

Does anyone hear whispers of activity?

Happy New Year
HM

[glennrcharles] 22/12/2017 23:37

Hope so...

[hungary16] 22/12/2017 22:53

I don't think there are enough gold ounces for a buy out just yet but maybe one of the larger producers will be willing to invest and take a % of the company which would provide credability and bring in other investors - I think !

[hungary16] 22/12/2017 14:34

I think it's too early - best would be a decent size financing and then with a broker , management , promotion etc ,we should get somewhere !

[glennrcharles] 22/12/2017 13:51

OK. . So a buy out now would be a good option?

[hungary16] 22/12/2017 13:44

They don't have enough money to drill - they need a broker , money and management !

[glennrcharles] 22/12/2017 12:49

Any idea what next? Can't remember if there was any more drilling. .bit like going to the dentist here.. waiting for some good news.... to lift the share price. Another year of root treatment or?

[hungary16] 22/12/2017 12:43

Not particularly successful for those who paid 2.7pence in the March ' 17 financing either ! A market cap of about £16m - that's about £1m a year since they began !

[imperial3] 22/12/2017 11:00

What about the shareholders having a successful year,and when?

[lochlea] 22/12/2017 09:11

Not sure I entirely understand why Humphries seemingly has to justify the Options being as an "award follows a highly successful year".

He's granted himself LND options in:-

2005
2006
2007
2008
2009
2011
2012
2013
2014
2017

Were they all successful years too?

How many Options were ever exercised? Any?

[stephen2010] 15/12/2017 11:04

As I posted yesterday evening. Check out ALBA. Huge multibag potential.

ALBA currently trading at 0.39p target price 6p making a nice 15 bagger. Please read the following:

MARKET CAP PUZZLE
❖ Alba (market cap £8.4m) is in a resources neighbourhood populated with listed
companies with much enhanced market capitalisations, such as UKOG.L (£134m) and
JAY.L (£172m). With either shared project interests or adjacent tenements to these
companies, Alba should trade at a much higher valuation than its current token value.
Like Bluejay, Alba owns 100% of its ilmenite project. Direct comparisons with UKOG
are also instructive. While both companies own other projects, UKOG’s 49.9% of Horse
Hill Developments Limited (HHDL), when compared to Alba’s 18.1% means that Alba
has approximately one third of the value of Horse Hill compared to UKOG but only
about 7% of the market capitalisation. Once the market recognises these disparities,
the room for growth in Alba’s share price is undeniable.

VALUATION RATIONALE - Our valuation in this First Equity Limited initiation note
uses a risked valuation approach for Alba’s two main projects, at Horse Hill and TBS. The
Horse Hill licences are valued using independent published technical data from
Schlumberger, Xodus and Nutech on the oil potential of the licences, along with our own
assumptions on recovery rates, oil discovery value, resource and development risks
factors. From this a risked value of $127m net to Alba on a ‘Base Case’ basis is derived
for Horse Hill.

Given the similar geology and economic potential of both TBS and Dundas, we have
adopted a risked closeology valuation approach, by computing an NPV for Dundas of
$223m and then applying a three-tiered risked probability calculation to arrive at a value
of $54.7m for TBS. Once Alba announce its JORC resource and exploration target at TBS
and Bluejay its Feasibility Study results, this number is likely to be revised upwards very
rapidly, possibly up to $200m, representing up to 7p per share in additional shareholder
value.

We compute a valuation of $185m (£139m) for Alba, equating to 6.0p per share, of which
4.1p is attributed to the stake in Horse Hill, 1.8p for TBS. Given this analysis and wealth
of valuation catalysts anticipated across the project portfolio in the coming months, we
recommend the shares as a ‘BUY, with a Target Price of 6.0p, representing a potential
15 times plus uplift from the current share price.

[hungary16] 15/12/2017 10:53

What a disaster !

[stephen2010] 14/12/2017 22:08

ALBA currently trading at 0.39p target price 6p making a nice 15 bagger. Please read the following:

MARKET CAP PUZZLE
❖ Alba (market cap £8.4m) is in a resources neighbourhood populated with listed
companies with much enhanced market capitalisations, such as UKOG.L (£134m) and
JAY.L (£172m). With either shared project interests or adjacent tenements to these
companies, Alba should trade at a much higher valuation than its current token value.
Like Bluejay, Alba owns 100% of its ilmenite project. Direct comparisons with UKOG
are also instructive. While both companies own other projects, UKOG’s 49.9% of Horse
Hill Developments Limited (HHDL), when compared to Alba’s 18.1% means that Alba
has approximately one third of the value of Horse Hill compared to UKOG but only
about 7% of the market capitalisation. Once the market recognises these disparities,
the room for growth in Alba’s share price is undeniable.

VALUATION RATIONALE - Our valuation in this First Equity Limited initiation note
uses a risked valuation approach for Alba’s two main projects, at Horse Hill and TBS. The
Horse Hill licences are valued using independent published technical data from
Schlumberger, Xodus and Nutech on the oil potential of the licences, along with our own
assumptions on recovery rates, oil discovery value, resource and development risks
factors. From this a risked value of $127m net to Alba on a ‘Base Case’ basis is derived
for Horse Hill.

Given the similar geology and economic potential of both TBS and Dundas, we have
adopted a risked closeology valuation approach, by computing an NPV for Dundas of
$223m and then applying a three-tiered risked probability calculation to arrive at a value
of $54.7m for TBS. Once Alba announce its JORC resource and exploration target at TBS
and Bluejay its Feasibility Study results, this number is likely to be revised upwards very
rapidly, possibly up to $200m, representing up to 7p per share in additional shareholder
value.

We compute a valuation of $185m (£139m) for Alba, equating to 6.0p per share, of which
4.1p is attributed to the stake in Horse Hill, 1.8p for TBS. Given this analysis and wealth
of valuation catalysts anticipated across the project portfolio in the coming months, we
recommend the shares as a ‘BUY, with a Target Price of 6.0p, representing a potential
15 times plus uplift from the current share price.

[glennrcharles] 14/12/2017 21:34

Columbus Gold 15% up today.... lol

[glennrcharles] 13/12/2017 11:48

Which might lead us to think that a deal is more likely...???

[hungary16] 13/12/2017 11:10

We need a TSX listing and new management or just new management ! How can the share price go anywhere when there is zero promotion - absolutely nothing !

[glennrcharles] 13/12/2017 10:54

Would a listing on TSX improve things I wonder.

[glennrcharles] 13/12/2017 08:58

Time to sell the Nickel to progress the gold? Or sell it all? Surely otherwise more funds needed for more holes and shareholders have no share price rise.... ? Just gradual dilution. ..

[hungary16] 11/12/2017 08:06

Unfortunately , we have no broker , no research , no promotion so any increase in the share price will , of course , be short lived. However , the Resource is an excellent result so this should attract capital and maybe some interest from larger producers.

[glennrcharles] 11/12/2017 07:52

So how long till he sells?

[stan-the-man] 11/12/2017 07:47

'This seasons drilling campaign has been extremely successful in both increasing the size of the resource and improving the confidence level. In addition exploration has established numerous targets along trend that with drilling have the potential to become additional resources'.

[hungary16] 30/11/2017 07:49

That is true - I just think there will be two separate Resource upgrades.

[lochlea] 29/11/2017 14:29

Note 'all'.

"To support any application to the TSX, Landore will be required to submit an updated NI 43-101 Technical Report on Landore's Junior Lake property to include 'all' of the previously reported mineral resource estimates as well as the BAM East Gold Deposit. Accordingly Landore has engaged Roscoe Postle Associates Inc. ("RPA") of Toronto, Canada to complete the Landore Junior Lake Technical Report which is scheduled to be finalised during Q4 2017."