Landore Resources Share Discussion Threads

[john henry] 12/4/2024 16:31

Gold topping out for now imho

[john henry] 12/4/2024 16:30

PA should fill the gap to 3p

[lendmeafiver] 12/4/2024 16:25

The way gold is moving will be working out the NPV at $3000/oz soon, must be huge.

[cyrilsneer1] 12/4/2024 16:09

Going to be interesting how this plays out, even the LTHs that had thrown in the towel may even start dreaming again.Turn around here will all down to the gold price, nothing to do with the incompetent board.

[lendmeafiver] 12/4/2024 16:05

Gold now 2430

[john henry] 12/4/2024 15:58

Cash balance end of H2 around £1.3M should last around 12-18 months

[cyrilsneer1] 12/4/2024 15:04

Gold price will move this north now, rising tide lifts all boats.

[goforgold1] 12/4/2024 13:44

Really 600,000 how long will that last . Mms pushing up to let people out from funding . So all the idiot pis buy them thing there cheap . Ha Ha XLondon, United Kingdom - 4 January 2024 - Landore Resources Limited (AIM : LND) ("Landore Resources" or the "Company") announces that it has conditionally raised GBP600,000 before expenses by way of a placing (the "Placing") and a subscription (the "Subscription") of, in aggregate, 25,000,000 new ordinary shares of nil par value each in the capital of the Company ("Ordinary Shares") at a price of 2.4 pence per share (the "New Ordinary Shares") (together, the "Fundraising").

[njw2] 12/4/2024 12:31

This will break out soon . Could easily see this 10 p plus very quickly

[stockhunters] 12/4/2024 11:15

looks very cheap looking at npv

[lawson27] 12/4/2024 10:56

would be good to see this one pop out of its recent trading range, GLA

[source] 12/4/2024 09:31

Probably at $700m now.

[lendmeafiver] 12/4/2024 09:06

Now 2,399/oz what does that do to the NPV

[source] 11/4/2024 22:58

Looking crazy cheap here. Yes management have been serial disasters last two years but it's cratered to be valued now at only ~$2 per resource ounce! When gold is trading at all time highs of $2372/oz!!CRAZY CHEAP FOR CANADIAN GOLD MINER with a chunk of cash too!

[lendmeafiver] 10/4/2024 14:35

Well I think a few things have changed, mining cost inflation has stabilised, demand for gold is at a record high and the company has a more realistic valuation now in terms of exit.

[john henry] 10/4/2024 13:51

Well no one in Canada was interested, makes you wonder what they are seeing.

[cyrilsneer1] 10/4/2024 13:13

Makes no sense, just need the BOD to provide some half decent RNS and it will move north.

[candlestick1] 10/4/2024 13:03

https://x.com/candlesticks18/status/1777989688323608803?s=46&t=ipW7IMp6GVgCsYSTs_Wd3gMake it make sense!

[jmr_gold] 10/4/2024 11:14

Indeed, would like to think it's not even a consideration. Hence a deal of some sort (JV/full sale). Noticable that the previous 600k raise contained no warrants. Must have been promised something and not another massive raise.

[danmart2] 10/4/2024 10:10

Correct John Henry, it would be brutal and no doubt involve lots of warrants

[john henry] 10/4/2024 09:16

JMR raising £2M when the Mkt Cap is £3M would be no mean feat.

[jmr_gold] 10/4/2024 08:52

Probably only need £<2 million to get to the original $5 million Canadian figure. If they were really going for that type of raise down here I would have expected interviews/promotion etc, but they have not, radio silence. Some form of deal is in the making IMO.

[jmr_gold] 10/4/2024 08:50

Nice work candlestick! Not sure they get the cash payment of 500k 12 months after the original agreement because the second agreement to sell 100% of the lithium to GT1 terminates the original agreement. Unknown if they kept the GT1 shares - hopefully they sold them because they would now be worth 50% of the original amount. Hopefully Storm pay up, but I think they are struggling for cash. So overall maybe slightly optimistic, but I also think the cash burn will be a bit lower, they have been in cash saving mode for a few months and therefore should be lower than the previous year. Bottom line they still have minimum a few hundred k.