Landore Resources Share Discussion Threads

[jungmana] 18/10/2021 09:07

Let's get back over 40p soon. This is too cheap at GBP 24m market cap today

[neo26] 18/10/2021 08:42

The company has funding till july 2022 by then company will be gone.Imho

[hoppy13] 18/10/2021 08:37

Sprott warrants are at 20p. I agree they could be strategically called, if he were to exercise it wouldn't be to flip out.

[geralt69] 18/10/2021 07:57

Sprot has a load of options he can trigger around 14p if we need cash so no prob with money going forward.

[candlestick1] 17/10/2021 23:06

Yup, I doubt they will sell anywhere near 32p. The more I keep reading, the more exciting the near/mid future feels here. I think we will have a positive surprise when the numbers for the MRE come out. I'm going with 1.7m (indicated and inferred), with unclassified taking us over 2m - they removed unclassified from the most recent but it has to make sense to have it back in.

[neo26] 17/10/2021 23:01

Makes you think they wont be selling anywhere near 32p. Lol

[candlestick1] 17/10/2021 22:42

Bet they wish they HAD bought in the open market now! Or at least waited a month or two before announcing. I'm sure they'll get exercised though, and they won't need to wait the full five years.

[neo26] 17/10/2021 22:21

Options at 32.15p, 2.2m..Thats almost 50% premium from current share price

[jungmana] 17/10/2021 21:58

They were granted some options recently. Check rns of 21st July.

[neo26] 17/10/2021 21:15

Bill has been working on this asset for 15 years, hes not going to let it go cheap.

[chutes01] 17/10/2021 20:58

Makes the current market cap here look a tad silly, vulnerable.

[divmad] 17/10/2021 20:51

Featherby and Humphries own 8mn shares of lnd between them. Whilst good for their bank balance, it won't make them a real killing of a deal is done at £1 or less. Does anyone know if are incentivised by way of options that get triggered on a corporate sell out?

[jungmana] 17/10/2021 20:40

MARL ( Mariana resources) was one of my best investments and that got taken over in 2017. Lnd has similar potential if not better

[edg232] 17/10/2021 19:35

Please explain

[neo26] 17/10/2021 19:14

I think the MRE will show around 1.7Moz.I think if they get 150m pounds offer they will sell.

[neo26] 17/10/2021 17:48

Another thing Bill mentioned in 23rd july presentation, the majors want to see 2moz target so they can go at 200koz per annum but the main bit is he said it doesnt have to be indicative resource but can be exploration resource.So i believe we are here, new director on board ready to sell.7 mins in proactive one2one virtual forum.

[neo26] 17/10/2021 17:00

TopgunnyGood find...$100m on a small resourceMakes you think how much ours will be worth $200m, $300m.Current price is a steal...

[jungmana] 17/10/2021 13:51

The last q and a worth a good weekend listenhttps://youtu.be/brFPUB-kvb4

[chutes01] 17/10/2021 13:46

interview later which may reveal quite a lot
Explosive growth in near term as chart above indicates
Perfect bowl

[neo26] 17/10/2021 13:02

Management believe there is over 4Moz of gold in the acreage.There was an canadian company with 600koz of gold and that went for $100m.They hav hired an top notch director whos sole purpose is to sell to highest bidder.

[divmad] 17/10/2021 12:24

Management said very clearly the focus for now is delineating more gold resource.

[jungmana] 17/10/2021 11:39

LND is not gold alone but as that writer said, "a periodic table". we have significant and growing gold resource and a whole lot of other metals. location, location, location matters too

[divmad] 17/10/2021 11:35

Sorry, $75-100mn.

[divmad] 17/10/2021 11:34

Oh I certainly agree that an increase in Au resource is coming shortly. No question about that. I reckon around the 1.5mn Au oz level with more to come next year after the current exploratory drilling is included. I want it to get to the 2mn mark and then we're really in business. A bit like xtr with AA at 2mT Cu. At $75/Oz for inferred/indicated resource typically attributed in the market, that makes lnd around the $75mn valuation level at a minimum (with 1.5mn oz). Turn them into probable reserves and you can triple that valuation.