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LND Landore Resources Limited

2.20
0.10 (4.76%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Landore Resources Limited LSE:LND London Ordinary Share GG00BMX4VR69 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.10 4.76% 2.20 2.10 2.30 2.20 2.10 2.10 737,517 08:45:54
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 0 -1.86M -0.0153 -1.44 2.68M
Landore Resources Limited is listed in the Gold Ores sector of the London Stock Exchange with ticker LND. The last closing price for Landore Resources was 2.10p. Over the last year, Landore Resources shares have traded in a share price range of 1.85p to 13.25p.

Landore Resources currently has 122,013,058 shares in issue. The market capitalisation of Landore Resources is £2.68 million. Landore Resources has a price to earnings ratio (PE ratio) of -1.44.

Landore Resources Share Discussion Threads

Showing 7001 to 7020 of 11550 messages
Chat Pages: Latest  282  281  280  279  278  277  276  275  274  273  272  271  Older
DateSubjectAuthorDiscuss
14/5/2021
08:12
WILL BE GOING NORTH ON ASSAY RESULTS....DUE VERY SOON...ONLY THE SECOND MOST UNDERVALUE COMPANY ON LSE....FIRST IS ACP
ant_eater
13/5/2021
20:49
Copied from LSE board:

“Just had it confirmed off the company that James Hudleston has NOT been selling and the recent RNS referred to his percentage holding after the placing which he did not take part in...”

Some nice buys late this afternoon too, so maybe some news is on its way.

the skipper
11/5/2021
13:10
Looks like they're working on it Imperial!! Worth isn't translated yet but things look to be concentrating on Junior lake as making it a going concern!!
Should this Bonanza gold be prolific enough and there's no reason to think it's a flash in the pan!! we're gearing up for something big!!
Your good self and locklea could end up smiling! In which case so will we all!!
We'll have to wait and see what they dig up!!!

bygdennis
11/5/2021
12:14
My portfolio currently is a sea of red.
imperial3
11/5/2021
10:15
New broker note out from Cenkos. Can't post up the whole thing but here's the bit that most would want to know:

"The Landore BAM deposit is arguably situated in one of the most benign postcodes
globally. With estimated AISCs of US$816/oz and NPV modelling being highly
sensitive to prevailing gold prices, Landore still looks undervalued in the current gold market. With a 1,015,000oz Resource and a PEA giving an NPV5% of US$203m (140p
per share), at US$1,500/oz, on the extended case, the upside is clear. Based on our
modelling NPV5%-1650, assuming further capital is required to reach a construction
decision and 0.25x NAV for the PEA stage, we maintain our BUY and value Landore
at £70m (66p per share). This is a 1.9x uplift on yesterdays close with a funded drill programme underway and assays starting to come back, feeding into an updated
PEA."

And if you needed a further reason to divest from tech stocks into PMs read this:

Won't be long before the sector is on fire again imho.

the skipper
10/5/2021
13:16
Missed the news when it came out, but very pleased with this development and just at the right time too with PMs going off on a run again, so I've added another tranche to my holding.

Now bring on some drilling results and let the party begin.

the skipper
10/5/2021
11:29
Funding our gold mining plans seem under way without dilution! I think we can expect some updates in the near future on top of the pending!! expected any time!! It's all about going for gold here!!
bygdennis
10/5/2021
11:18
Reiteration too or where the Board's focus is:

"As a result of the Company's good progress with the Drilling Programme and its focus on advancing the BAM Gold Deposit towards becoming a multi-million ounce open pit resource with significant underground mining potential, the Board of Landore views the Miminiska Lake and Keezhik Property as non-core to the Company's activities and has determined that Lithoquest's established position in the region makes it better placed to advance the Property at this time. In addition to consideration payments, Landore will retain an interest in the Property through a 2% NSR."

sportbilly1976
10/5/2021
11:03
RNS

imo - A bit more clearing of the decks, making the Company neater for sale:


GRANT OF OPTION

MIMINISKA LAKE AND KEEZHIK PROPERTY

Landore Resources Limited (AIM: LND) ("Landore Resources" or "the Company") is pleased to confirm that the Company's 100% owned subsidiary Landore Resources Canada Inc. has granted an option (the "Option"), to Lithoquest Resources Inc. (TSX.V - LDI) (Lithoquest) pursuant to which Lithoquest can elect to purchase Landore's 100% interest in certain mining claims, specifically, the Miminiska Lake and Keezhik Lake properties in the Thunder Bay Mining district, Northern Ontario (together, the "Property").

Under the terms of the Option agreement, Lithoquest can acquire a 100% interest in the Property by making staged payments to Landore totalling CAN$1,375,000 in cash ("Cash Payment") and an additional CAN$2,625,000 either in cash or by issuing Landore with new common shares in Lithoquest ("Convertible Cash Payment"). Lithoquest has exclusive discretion to determine if each tranche of the Convertible Cash Payments is settled in cash or in Lithoquest shares. Landore has received CAN$25,000 following execution of the Option agreement. The balance of the payments set out in the Option agreement are due in accordance with the schedule below:

-- A Cash Payment of CAN$100,000 within ten business days of the Agreement being accepted by the TSX Venture Exchange; the "Effective Date".

-- A Cash Payment of CAN$250,000 and a Convertible Cash Payment of CAN$400,000 within six months of the Effective Date;

-- A Cash Payment of CAN$250,000 and a Convertible Cash Payment of CAN$500,000 within twelve months of the Effective Date;

-- A Cash Payment of CAN$250,000 and a Convertible Cash Payment of CAN$750,000 within 18 months of the Effective Date; and

-- A Cash Payment of CAN$500,000 and a Convertible Cash Payment of CAN$1,000,000 within 24 months of the Effective Date.

Cash consideration received by the Company pursuant to the Option agreement will be applied towards its working capital requirements.

In addition to the Cash Payment and the Convertible Cash Payment, following exercise of the Option, Landore shall be entitled to receive a 2% net smelter returns royalty ("NSR") from the Property. Lithoquest retains the right to reduce the NSR to 1% by paying Landore the sum of CAN$1,000,000 in cash.

The Property

The Miminiska Lake property, comprising of 52 patented mineral claims and 278 mineral claim cells, covers an area of 5,494 hectares and is located approximately 130 kilometres to the north of the Junior Lake property and 115 kilometres to the east of the Pickle Lake mining camp. Landore completed drilling campaigns at Miminiska Lake in 2003/4, with 47 drill holes for 9,349 metres, with results indicating that the property had good potential for expansion and upgrading to a mineral resource. An independent report in 2009 established the presence of two exploration targets: Miminiska Lake (232,000 tonnes at 5.62 g/t gold) and Frond Lake (271,000 tonnes at 5.1 g/t gold).

The Keezhik Lake property, comprising 570 mineral claim cells over 12,484 hectares, is located 20 kilometres north of Landore's Miminiska Lake property and 150 kilometres southeast of Goldcorp's Musselwhite Gold mine. In 2011 a field reconnaissance, mapping and sampling campaign was carried out at Keezhik Lake. Field investigation of geophysical anomalies, prospective geological features, and historical gold showings revealed several areas of interest on the property.

sportbilly1976
06/5/2021
13:10
will be a white knuckle ride as the world comes to terms with massive debt, gold will be the new crypto rock
chutes01
06/5/2021
12:52
THE REAL GOLD RUSH IS COMING.........THIS IS JUST THE START
ant_eater
06/5/2021
10:04
Yep Sports!! Being well worked over, We have gold and holding up better than the green metal shares!! We have what is wanted and there's more on the way!! It will be realised sooner or later!!
Up the blue!! maybe not 90p today Ant but it's coming!!

bygdennis
06/5/2021
09:47
10k quoted at 35.4p despite the drop and yet large trades roll through - pi's being rinsed to fill large orders on the books?
sportbilly1976
06/5/2021
09:03
90p my jeer. Hold till the End!:-)
idle jack
06/5/2021
08:16
You sound well informed. What's yr take on what's going on?
idle jack
06/5/2021
08:06
The Chinese want our Gold on the cheap and will pay as little as they can to get it!!
bygdennis
05/5/2021
21:19
WHat's happening here owt or nowt? Looks like nowt to me.They are ace hole drillers with placing after placing to finance this,if history is anything to go by.As usual,as the years spin by, nowt becomes the inevitable outcome,and accordingly the shares continue to languish.
imperial3
05/5/2021
20:35
Happy to hold!! Not long now!! Small PI's out! Big boys in!! Gold is for the well off!!
bygdennis
05/5/2021
11:27
Offer drops to 36.5....up pops a 100k buy

accumulation continues

sportbilly1976
05/5/2021
10:41
Depressed gold stocks offer a compelling opportunity:
the skipper
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