Landore Resources Share Discussion Threads

[rayte] 18/5/2024 08:25

Ran the company into the ground for 20 years you mean. You are not invested here. You have just appeared with your wisdom and I'm not your mate

[washingmachine] 18/5/2024 06:14

Because that figure came from Bill who ran the company for 20 years
It’s on a pod cast on YouTube from LND
Don’t call investors trolls who post facts
Odviously you haven’t done much DD on it
Have you mate

[rayte] 18/5/2024 04:46

So we have our first troll. Would one be kindly enough to explain how and why it will take 120mil?

[washingmachine] 17/5/2024 21:44

Think broke back mountain
It’s in the middle of know were
And it needs approximately 120 million investment to get it out

[chutes01] 17/5/2024 20:02

BAM holding over 5 Mio Oz gold, and the rest all for £3.7 Mio here
Do LND accept funding to drill further and increase 1.5 Mio resource or accept a farm out deal, we will soon know the future pathway

[rayte] 17/5/2024 18:29

Maybe, SB highlighted it earlier. I had a look. He's got zero likes, zero loves, zero shares. He has zero credibility and I honestly think his audience is tiny.

Early buyers taking the profit. I doubt he influences it that much JH. BWTFDIK

[john henry] 17/5/2024 16:39

The recent ups and down recently maybe Burton still playing his book, pumping the price on Twitter whilst selling

Aimho

[rayte] 17/5/2024 16:32

Might take a while but it's in reversal.

The slightest hint of anything positive and it will really light up. I'm hoping it's the last we see if the 2's now.

Gold is holding these levels and will do for a while I believe.

It's a matter of time but it's seems to be getting noticed now. Until news, let it creep up slowly. We don't want to see another repeat of last week

[cyrilsneer1] 17/5/2024 16:28

Needs to sustain these prices for a while yet but it's all positive. This is a massive buy from me.

[john henry] 17/5/2024 15:54

If Featherby cant do a deal in this gold enviroment the he needs sacking.
However i guess your cant sack yourself as your pretty much the BOD
Surely with Gold heading 2 $2500 a tonne there must surely be a deal ????

[john henry] 17/5/2024 15:47

Gold pumping

[rayte] 16/5/2024 17:35

A nice slow steady build up to any news is always the best.

It would be good to have the share price sitting on 4-5 range before any news.

The smallest of volume moves this so it's the perfect set it.

Hopefully there will be some relief for long term holders too.

ray

[sportbilly1976] 16/5/2024 17:00

Bowling upwards nicely :-)

[john henry] 15/5/2024 18:35

Gold could well close on a new daily high.

[sportbilly1976] 14/5/2024 11:16

Pg 14 - gold at $2,340 puts the NPV at $663mln...even allowing for cost inflation since May'22 to be factored in imo still puts it in the $500mln region.

Now mark that against a £4mln / $5mln company valuation...even being sold / JV'd for an equivalent of just 10% NPV is 13x from here!

[sclper] 14/5/2024 11:11

The SR was done at the wrong time when the gold price was low and the market weak. It's a completely different scenario now with a record high gold price

[sportbilly1976] 14/5/2024 10:47

I suspect a great deal of the failure of the SR was the intransigence of Bill...GF is far more pragmatic and I have faith can/will get a JV or full sale deal over the line which I'm sure is his objective

Agree on results - an opportunity to add some update and commentary about current year plans (can't see any drilling this year which must point to a JV at least to move Junior Lake forwards)

The tweets and comments last week do no-one any favours and have been hit on the head...they do nothing for the Company but attract traders for their 20% or so

[rayte] 14/5/2024 09:24

I confess SBill that this is nothing but a gamble with me and I hold around 300k shares only.

I doubt it will get anywhere near that. Infact, looking at past performance, I doubt Glenn has the ability to conduct a deal of that size.

I'm here on the back of gold price rise and a punt. Sheer gamble in reality.

Their financials must be due soon along with an update.

I see nothing in the price of leaked info. The 10k buyer - who knows.

Have you tried to get hold of Gf to see if Yiu can gleam any info

[sportbilly1976] 14/5/2024 08:57

Rayte,

I'd be surprised...buying 300-400k blocks over a week or so easily results in a holding which is impossible to offload in any p&d.

There is a huge disconnect here between Company value and resource...and so small stake building isn't surprising.

Recent PM rally will now see mid-tier & above throwing off cash....even say £50mln sees the return for current purchasers of the stock land a 12-15x return from current levels, and for 1.5Moz+ (ignoring any of the battery metal resource) in Canada is a bargain for the acquirer

[rayte] 13/5/2024 20:03

I was gonna say the same things. Definitely DB. (TMS).

I'm starting to suspect the 10k buyer might of been part of a ramp and dump.

Either way I'll hold for news. It will have to come sometime

[john henry] 13/5/2024 19:48

I'm guessing you're talking about Burton ?

[sportbilly1976] 13/5/2024 16:08

jmr,

100% agree - I challenged him on his posts to which his reply essentially was "trade the market...trading is not a team event"

Essentially he has lost any/all credibility now from a PR viewpoint...he will be viewed as merely a day trader talking his own book.

[sportbilly1976] 13/5/2024 15:43

it's not holders...it 10% f;lip traders with a bit of a social media following constantly creating spikes and falls as they change their viewpoint with their trading position.

It's an illiquid stock...buying / selling 1 million will shift the price, but create no stability longer term

GF I'm sure is working on something...my gut feel is a deal of some form which enables him to exit. He's been involved for around 18 years now and arguably wants out. Following his purchases this year on and off market his average is probably around 25-28p or so

1.5Moz of gold at over $2,300/oz...even an enterprise value of £40-£50m sees him exit with a profit, buyers today with a 10-15x return and a mid-tier miner with an absolute steal of a bargain