Landore Resources Share Discussion Threads

[john henry] 20/12/2022 16:25

Holding up well and looking strong considering the selling

[rental] 20/12/2022 16:06

Potential 8 bagger here on them numbers

[sportbilly1976] 20/12/2022 15:54

Gold transaction:






Iamgold sells it's 90% stake in Boto (in Senegal) and Diakha-Siribaya (in Mali) for $282mln.
Looking on their 2021 resources, they had 2.5Moz M&I (1.8Moz for Boto) and at just slightly better grades (1.8g/t for Boto, 1.3-1.6g/t for D-S).

Read across for Landore's current confirmed 1.5Moz would be £1.15/share, however this ignores:
Lamaune & BAM resource uplift
anything for 77,000 tonnes NiEq
Jurisdiction premium of Canada over Sengal & Mali

[chutes01] 20/12/2022 15:50

lnd up 50% in 7 weeks, Ha !

[rental] 20/12/2022 15:43

the good news now is that anyone who was going to sell here would have now sold, so hopefully 20p tommorrow

[sportbilly1976] 20/12/2022 14:31

SP Angel morning note comment re gold - the last point could be interesting next year, and other sovereign funds may well start to increase their allocations too

Gold holds steady despite weaker dollar on Yen strength and rising US Treasury yields


• Gold prices remain rangebound around the $1,800/oz mark despite the dollar taking another leg down this morning.
• The Dollar weakened on a surprise announcement from Japan’s Central Bank Chief Kuroda to alter its yield curve control policy.
• The central bank will allow 10-year bond yields to move up or down 0.5% vs the previous control of 0.25%.
• The yen strengthened 4.5% against a basket of major currencies. The Dollar index has weakened 0.72%. The Yen accounts for c.14% of the index.
• Kuroda emphasised this move is ‘not a rate hike’, stating ‘adjusting the YCC does not signal the end of YCC or an exit strategy.’ Japanese inflation persists at a 40-year high of 3.6% in October.
• US 10-year yields are breaking from their dollar correlation, supporting gold prices. The benchmark yield has climbed 2.2% overnight to 3.662% as bond buying subsides.
• Gold and silver ETF holdings continue to rise as investors return to precious metal allocation. Australia’s sovereign wealth fund is planning to increase its gold exposure over fears of a low-growth, high-inflation era similar to the 1970s.

[edg232] 20/12/2022 14:22

Gold up 1%

[sportbilly1976] 20/12/2022 14:19

john henry7 Dec '22 - 10:40 - 6690 of 6803
0 0 0
Imho theres a lot of investors selling that were invested for the Strategic review,which has been a CF.
Even producing gold miners are priced and rated so low so what chance for LND unless a sale. Im not prepared to hold waiting for a sale that might never happen or 3 yrs to become a producing and the be given a low sector rating.
ive set a price target of 20p at which time i will sell.



At this rate you might be out by Christmas John? Given the share price movement we've seen these past few days some might say the liquidity is needed

[amaretto1] 20/12/2022 13:14

Still looking stronger :-))

[amaretto1] 20/12/2022 12:48

Looking yet again strong !!

[rental] 20/12/2022 12:02

18p easy today

[sportbilly1976] 20/12/2022 11:45

just 7500 left at 17.49

[sportbilly1976] 20/12/2022 11:44

couple of technical observations....

[tomzimerman] 20/12/2022 11:37

Cenkos = nail on head hit

[sportbilly1976] 20/12/2022 11:33

any overhang was taken in the rise form 12 to 17.5p in November....then it was sold off, traders etc. and now we are in a tight supply environment

Cenkos have also been on the bid far more of late too...their $10mln raise no longer a realistic future event

[john henry] 20/12/2022 11:26

Simple answer, overhang, recent supply has gone. Price action can now move freely depending on supply and demand.

[sportbilly1976] 20/12/2022 11:23

well something has changed in the past week JH - the share price is so much more responsive to trades now, which suggests a much thinner book being held...and no reported holding moves - as my Bloomie screengrab on TG showed.

[john henry] 20/12/2022 11:17

Highly unlikely SB1976

[tomzimerman] 20/12/2022 11:08

Yup agree billy,

[batchelg] 20/12/2022 11:05

Is it Christmas yet?

[sportbilly1976] 20/12/2022 11:03

I wonder whether the recent tightness in the stock is related to the impending lithium sale and the knock on removal of a placing risk...some (market makers) may have been short fully expecting to be able to buy back via a discounted placing (and several recently have been heavily discounted)...but funds from such a sale would remove this opportunity??

[1fatherted] 20/12/2022 11:01

Given the lack of liquidity ... feels like the shorts could be lumpy as it's by % clients in the stock.. importantly not by size of holding

[1fatherted] 20/12/2022 10:59

Spreadex are 89% long / 11% short

[rental] 20/12/2022 10:55

i’m sure there is a buy order being worked in place, this is now very strong after the morning sells first thing.

[sportbilly1976] 20/12/2022 10:41

25k max sub 17.25

seems tight book restored and a good technical intraday reversal and bounce off the 100dma

seagreen - indeed noting the trades.