Landore Resources Share Discussion Threads

[richgit] 21/10/2021 11:07

I was in Brancote from 10p and bought all the way up to 80p

In fact at 80p I put in my largest sum of Investment,as I could see £1.60.

The Market wanted Brancote to drill and drill,and gagged to raise money for Drilling

Then the deal at circa £2.00,and those that still held in the all share offer
made even more money for some time.

What`s not to like when very soon the Market will be begging such Cos to raise
money to find more Gold- the Only real Currency around-albeit I buy a lot
of Silver as the other incredibly overlooked Currency (real Money).

When the WEF have finished destroying the USA - the $Dollar will be as
worthless as all paper (We promise to pay you.......... nothing !)


Wake up.

[jmr_gold] 21/10/2021 10:51

The company want to sell, the assets are exceptional, mid-tiers/majors need to replenish reserves and are all cashed up and looking for exceptional assets. The current market cap is a around 3/4 times lower than a conservative valuation of the assets. Its obvious. Money is eventually going to be made here.

[the stigologist] 21/10/2021 10:44

Always a good position to be in as a forced seller because you don't have funding as a Going Concern

LOL

[jmr_gold] 21/10/2021 10:34

There absolutely no chance of a placement this year. The companies strategy is clear. Sell an asset after the MRE. Either the gold or the battery metals. Should that fail to materialize then a placing would have course be needed next year, but i think they are in full sale mode.

[jmr_gold] 21/10/2021 10:31

Mis-informed comment b) Magical 2 Moz. They were never expected to reach 2 million ounces in this campaign. NEVER. All BH has ever talked about it a perceived 2 million ounces i.e. a resource + exploration target from step-outs, this is apparently been what companies have been asking for. They are expecting to exceed this target.

[jmr_gold] 21/10/2021 10:29

Some poor and ill-informed comments here. A) The rate of cash burn is a poor metric because they have hardly been drilling since the end of June. The previous 6 months they had drilled around 18,000m. 2.3 Million is needed to maintain 2,500 m of drilling. Secondly, there is a $650,000 payment from litoquest resources due in September.

[the stigologist] 21/10/2021 10:26

I note the response to Sarah's question about more funding wasn't that they have enough to June 2022 but 'we've not had a problem raising money before'...

She actually was astute enough to spot they don't actually have enough to do drilling next year. So only question now with the ramping campaign in operation is when they announce placing and what the discount is

[jrc123] 21/10/2021 10:15

So, the bad news is now out, namely that the current drilling won't achieve the magical 2m ozs, and therefore another years drilling ahead before we can engage with 'the big boys'. 'Please send funds'. Not surprising a large shareholder has dumped his stock. On the bright side, LND is ripe for a little strategic input by a new clever NED, namely spin out Battery Metal assets and list in Canada. Ideally give Mick Davis a call at Blue Vision and see whether he would cornerstone a listing. His investment in FAR has trebled and a separate Ni/Cu from LND would smash that. Come on chaps, shake off the torpor and inject some vigour!

[the skipper] 21/10/2021 10:01

Gold looking very strong again this morning and getting ever closer to breaking that $1800 an ounce resistance imo. Think about what that will do for the PEA.

[richgit] 21/10/2021 09:40

To me this is another 10 Bagger- So I just accumulate - No Margins !!!

Bill made Me(and others ) a fortune with Brancote and this could be Brancote on steroids

Think they can hold Gold down much longer- wake up !!!

We are going to Hell under a Medical Tryanny arranged by The World Economic Forum
and the United Nations whilst all Major Currencies will be debased to Zero value
and then the Great Reset (only great for those stealing all our Assets and wealth)
as it is brought in.

Gold will rise to levels nobody can currently imagine !!



Wakey-Wakey..................................

[frogkid] 21/10/2021 09:22

Agreed divmad

[frogkid] 21/10/2021 09:22

You do know this didn't just pop up this year stig?

[the stigologist] 21/10/2021 09:19

Yorkie's predictions on gold juniors worth taking with a pinch of salt

ORR is currently 0.40p (him having bought at 0.88p and predicting 1.50)



yorkie52 - 11 Mar 2021 - 20:13:46 - 2513 of 3344 Oriole Resources - ORR

Having listened to the proactive interview it's obvious there is no real problem with the understend in year 3 caused by covid and Iamgold intend to catch up this year. The results of drilling were in line, if not exceeded expectations. So as usual a total overreaction by the market. I took advantage of the drop and bought at 0.885p this morning. Hopefully Cameroon will be the game changer anyway. With a bit of luck we should multibag in no time. I certainly see us back up to at least 1.5p in coming weeks. Aimo

[the stigologist] 21/10/2021 09:15

LOL It will be much cheaper to buy it off the Administrators

Some people are either very naive or have overweight positions and prepared to lie / spin to make money at expense of other traders

[divmad] 21/10/2021 09:13

Bill did say in that interview that there is no way the resource will reach the 2mn Oz level in this drilling program and MRE update. He also said the update won't be until the end of November at the earliest. Some punters with heavily long positions were front running their own positions with grandiose projections until this morning. Hence the let down with the share price today as disappointment sinks in. Next year may well be a different, positive outcome for Landore, but forget fireworks for this next month or so.

[yorkie52] 21/10/2021 09:08

Hi Stig. As I pointed out above there is much good news to come this quarter before the New Year. We may never need another placing as the Boards intention is to sell and providing there is a suitable buyer, the buy price for the gold
alone ought to be better than 150 million us dollars. With battery metals that could double to 300 million us dollars. Only time will tell but I am very confident on this.

[the skipper] 21/10/2021 09:05

Well said frog. Stiggie is just talking his own book and trying to scare inexperienced investors into selling. There is no way a raise will take place prior to the MRE which will place a firm valuation on the company and we have more drilling results to come from holes where visible gold has been reported from the cores.You’d have to be mad to sell now when a bid could come in pdq after the revised MRE is issued imo

[frogkid] 21/10/2021 08:57

Further to this, you are currently buying at around 1/8 of NPV.

[frogkid] 21/10/2021 08:56

So placing some time in first half of 22 Stig, we all know that this is a speculative buy based on assets proved and potential. This is the first investment i have made on a company that makes no money for some time. Surely everyone is aware of this therefore I don't see your point.

[yorkie52] 21/10/2021 08:55

When they started the current drilling campaign earlier this I seem to remember they were targeting the resource to increase by 300000 ozs to 1.3 million ozs. However I get the feeling that drilling has been better than expected, therefore I am expecting the resource update to be at least 1.5 million ozs. In turn I would expect the net present value to at least double depending on what price they use for the price of gold. There is clearly further potential to increase the resource above the magic 2 million ozs. which will then wet the appetite of the major/ midcap miners. The icing on the cake though is the potential valuation of the battery metals they have which could be equally, if not more attractive than the gold. Aimho.

[the stigologist] 21/10/2021 08:48

If you make a 6 month loss of £2.4m

And you only have £2.3m cash (3 months ago)

I don't think you're a Going Concern

Placing looks IMMINENT

The financial results for the six months to 30 June 2021 show a loss of £ 2,422,042 (30 June 2020: loss of £695,406). Exploration costs were £ 1,641,662 (30 June 2020: £102,750).

In February 2021 the Group raised £3.5 million by the issuance of shares at a price of 30p. The fundraising received good support from new and existing investors. This will allow the continued development of the identified BAM Gold Resource and the completion of a further exploration programme along strike.

The Group's cash at bank at 30 June 2021 was £ 2,311,829 and the Group has no debt. The Group has sufficient funding to complete the current drilling and exploration programme and to meet Group working capital requirements to the end of June 2022.

[sportbilly1976] 21/10/2021 08:47

Bits from the interview:

Grassy Pond Sill - identified along 21kms of 31kms strike length with gold running along the top and battery metals running underneath...and only not on the other 10kms because we haven't drilled there yet but we're confident it runs the full length because we know there is mineralisation along those extra strike kms!

Xstrata - we'll be talking to you once you get to 100k tonnes - now at 78k tonnes. Updated resource could take us above this threshold

Approx $1.8bln of gold in the ground...approx the same value of battery metals in the ground as well....Broker valuing £67mln of gold and the same (if not more) of base metals...so almost 6x market cap and just on previously confirmed amounts

"going out to people won't happen until the next step"...that is what is happening now with the updated resource estimate

Cash available if required - options, property sales and often mentioned that Sprott may be asked to exercise some warrants for a small cash raise imo

Interesting silence at the end too...definitely more coming in the near future here