Landore Resources Share Discussion Threads

[the stigologist] 22/10/2021 23:32

Note the Death Cross and after this week's Pump campaign the stock failed at the new falling Moving Average resistance

Looks like new lows on the way as the Company are clearly short of cash and a Placing must be imminent if they are desperate enough to employ Total Ramping Solutions

[the skipper] 22/10/2021 20:22

Some reading for the weekend:

[frogkid] 22/10/2021 16:21

Wasn't me. I've enough for now

[sportbilly1976] 22/10/2021 15:50

someone picked up a cheap 150k there then...

[frogkid] 22/10/2021 15:44

Interesting 30 minutes ago you could buy at 22.42

[chutes01] 22/10/2021 15:38

MM's scoffing on mug punters cheap shares, getting ready to lift price
Open highway for an opportunistic offer for all/part of LND ahead of the MRE

[the skipper] 22/10/2021 13:49

Woohoo! Gold just broke through chart resistance:

Perfect storm brewing for LND imho

[donald pond] 22/10/2021 09:37

Stig is better on pharma stocks which he researches in depth in the hope of finding a cure for being a thin skinned bellend

[sportbilly1976] 22/10/2021 08:40

Same here Skipper - indeed I'm tempted to sell a few from there to buy here...but sod's law would dictate that the following day news would come over there which I have been patiently waiting for!

[frogkid] 22/10/2021 08:27

Looks like all the hot money has left. 15k for me at just over 23

[the skipper] 21/10/2021 18:54

It would be for me too if I hadn't already trebled the holding I bought in the placing frogkid, but if I get a windfall from one of my other stocks I might yet have a few more.

[frogkid] 21/10/2021 18:27

I still reckon anything under 30p a buy for me

[frogkid] 21/10/2021 16:52

Hi skipper, I have gone over all the stuff I read again today and will be increasing my holding tomorrow. I didn't buy into this for a 3 day turnaround. CheersFrog

[jmr_gold] 21/10/2021 12:43

All in ....

[the stigologist] 21/10/2021 12:32

"I hold tight to my shares"

Note not got conviction to buy more or hasn't fallen enough to compel one to buy more

This is how stale bulls turn into sellers...

Buy buy buy
Buy
I'm holding on
I'm holding but using the stock as a 'source of funds'
"I sold because there were better short term opportunities elsewhere"
Bye bye

LOL see you at your next ramp Jungmana

[jungmana] 21/10/2021 12:12

The next 4 months will be very busy here and I expect the share price to at least double from here. My guess is the gold will be sold off in h1 2022.Good luck folks and I hold tight to my shares.

[jungmana] 21/10/2021 12:08

They had about GBP2.3 million in cash which is enough till end of June 2022. Worth noting too that they could raise about GBP 2m from warrants .

[thiopia] 21/10/2021 12:01

Of course he would say that.

[the skipper] 21/10/2021 11:40

Just spoken to the broker who got me into the last placing here to test Stig’s thesis that a raise is imminent. He is unaware of any book build taking place and thinks it is highly unlikely that they would consider doing so in advance of the MRE being published. I hope that not too many readers were influenced by his scaremongering earlier.

[jmr_gold] 21/10/2021 11:37

My bad - was talking about the battery metals - Not the gold, apologies. Gold should be worth 40/50% of the NPV, which will probably be around £100 million after the MRE. 10% in-situ value at $1900 is not a realistic valuation method. In fact there is actually little correlation between gold price and takeover value over the past 10 years.

[divmad] 21/10/2021 11:21

Sell the gold for that amount and you'll have a shareholder revolt on your hands. Non starter. Not even old Bill will go for that one. And the battery metals haven't been nearly proved up enough yet. Need more drilling, hence my earlier post. More funds required .

[sportbilly1976] 21/10/2021 11:21

jmr_gold

1.1mln oz - looking to get to around 1.6mln ozs...gold at $1900/oz...even at 10% in situ valuation puts the gold resource alone around £220mln / £1.50 or so

no way they're selling that for £20-30m

[jmr_gold] 21/10/2021 11:17

Sell the gold, or sell the battery metals for say £20/30 million and use that to drill the gold - listen to the interview divmad

[divmad] 21/10/2021 11:10

Not this year, no. But H1 2022, bet on it for a placing. How on earth is lnd going to drill up these battery metals to a commercial level without one?