Landore Resources Share Discussion Threads

[sportbilly1976] 13/1/2023 13:28

imo buy order in....spread on 150k earlier was 13.27 - 15.26 and now they up bid & offer yet the buy price for 50k actually went from 13.70 to 13.69

Clearly wanting to attract a few sellers. Why give them your shares cheaply??

[sportbilly1976] 13/1/2023 09:06

The figures on Cenkos' note are GBP (both the cash and Forward Corp G&A)

[jmr_gold] 12/1/2023 22:05

3 million pounds sterling in the bank.

[neo26] 12/1/2023 21:48

SportbillyIs that 9m dollars.

[neo26] 12/1/2023 21:47

3m dollar canadian or 3m pounds, advfn dont allow the symbols.

[jmr_gold] 12/1/2023 20:04

Cenkos note - £3 million ain't pennies. Add the Lithium funds on top of that and we are talking big money. I have no idea what they will get for the Lithium, but surely it will sell. Stating in an RNS that they are in talks with multiple parties and they are progressing well, is very significant. Perhaps a late biding war.

[sportbilly1976] 12/1/2023 20:01

Cenkos issued a note this morning...no Company contact or input to it as usual.

Factoring in a £9mln raise this year and using a $1,600 gold price they have a target price of 44p

[neo26] 12/1/2023 18:28

Which note?

[jmr_gold] 12/1/2023 18:07

Also the company already has £3 million in the bank (as per today's note). Pretty decent actually.

[jmr_gold] 12/1/2023 18:06

The Lithium sale will complete, today's drop will be proven to be over done.

[goforgold1] 12/1/2023 14:12

Looking for a bounce about 10p

[neo26] 12/1/2023 14:02

Glenn been leading us along? Wheres lithium deal? How we gonna fund drilling?

[john henry] 12/1/2023 11:17

Just hold a minority holding so wont be posting anymore GL here.

[nametrade] 12/1/2023 11:13

You’re still here?

[john henry] 12/1/2023 11:04

i had a GS loss at 16p so 80% of my holding has gone.

[sportbilly1976] 12/1/2023 10:55

have you sold yet?

surely, given your view here...you can see better investments for your money.

[john henry] 12/1/2023 10:37

Worth considering that many resource sales have been concluded with less resource than LND however Landore could not conclude a sale? and now need to prove up more resource.
Imho the majors are playing hard ball with Bill and Ben. They know these aging pensioners are in no state to take the resource forward and develop.

[john henry] 12/1/2023 09:01

Sportbilly my conclusion is that if they get the Lithium deal done then they will have a decent amount of funds for the two planned drilling campaigns, If they dont then i can see a placing around 10p.

[sportbilly1976] 12/1/2023 08:50

aka 'I've sold some this morning and 10p is my buy back target'

[john henry] 12/1/2023 08:49

The scope of the drilling programme will be subject to funding and further details will be provided in due course. The Board is planning to drill the Company's base metals projects later in 2023, subject to funding.

[john henry] 12/1/2023 08:45

Imho a possible slide down to 10p until news on Lithium sale.

[rental] 12/1/2023 08:34

best case today will be no more that 18p i doubt it will go to positive today,

shame for the people with stop losses

[john henry] 12/1/2023 08:26

Nametrade if they dont conclude a Lithium sale then funds will need to be raised. in this very bearish market thats going to be a tough ask.
Imho LND are going to be drilling for at least another 18-24 months if they get the funds.