Landore Resources Share Discussion Threads

[sportbilly1976] 17/4/2025 07:56:19

Thoughts from LSE thread:


I think there's an expectation here among traders that because so many of us long term holders have averaged down to high single figures/10p or so, that there will be loads of resistance there on the way back up as we all throw the towel in glad to simply get our money back.

Nope.

I'm here until this gets to a sensible valuation based on real world value and prospects or the company is sold, not based on what feels least painful.

I don't think I will be alone.

[edg232] 17/4/2025 07:48:48

What's happened to our Canadian listing?

[sportbilly1976] 16/4/2025 16:18:54

2boz,

Good question and people will have differing values.

Initial note was 12p...personally I feel it is higher than that given increase in both resource, confidence and gold price.

[2bozmo] 16/4/2025 15:08:08

What is 'fair value' sporty?

[sportbilly1976] 16/4/2025 14:53:24

red army,

Not too fussed with the lack of volume...the share price movement shows the illiquid nature of Landore.

Decent drill assays, some media coverage from Rick etc and some 5-10mln volume days and then we might get close to a fair value
I've been happy to top up over the past few weeks and take advantage

[red army] 16/4/2025 13:52:55

Hardly any volume though

[chutes01] 16/4/2025 13:28:22

Interest building

[sportbilly1976] 16/4/2025 10:53:00

A few delayed trades flowing through

2x 150k - both buys
170k - buy
400k - prob a sell or Mm to MM stock move?

[chutes01] 16/4/2025 00:12:24

Go on then

[lendmeafiver] 16/4/2025 00:02:16

Absolutely, great summary, thanks Sport

[sportbilly1976] 15/4/2025 22:10:50

run the numbers:

PEA from 2022, when the resource was 832k ozs and gold at $1,800. Pre-tax NPV at $333mln and for each 10% increase in gold price ($180) the NPV rose by $111m

Now substitute in at least double the gold resource, potentially with some at higher confidence and gold at $3,000oz7

Factoring in say a 25% value assignation on a cheeky offer and a 1.3FX - rough calcs gives approx 60p a share with 312mln shares in issue.

Who doesn't look at a 15x return with interest?

The market value can do what it likes in the short term...but the resource 's value is what it is...and sooner or later that will be reflected in the share price.

[lendmeafiver] 15/4/2025 18:50:59

Thanks Sport, not long to wait, cannot wait to see some decent grades.

[sportbilly1976] 15/4/2025 18:16:00

£5 - all depends on whether the Board feel they should release them in batches (they've said they have already drilled 9 holes...how many are now with the lab and analysed??), or whether they decide to review and verify the results as a whole?

Arguably as a pure guess - could be somewhere between next week and late May/early June...

[lendmeafiver] 15/4/2025 17:47:20

When do we think we might get some initial drilling results?

[sportbilly1976] 15/4/2025 15:54:08

Seems we have a 100k buyer taking a few blocks :)

[2bozmo] 15/4/2025 09:23:49

Waking up to GS call of 4K gold....

[chutes01] 15/4/2025 09:18:19

Sector re rate on

[2bozmo] 15/4/2025 09:02:22

Not sure how relevant, but Storm Exploration jumped over 70% yesterday on good volume. Don't see anything on the wires.

[sportbilly1976] 15/4/2025 08:28:00

...and we open NT at 3.5p - quotes open just above NMS (30,000)...but at 3.6998p

[sportbilly1976] 14/4/2025 14:50:27

Peel were sat at 3.5p quoting to 250k but have gone now.

Just Stifel for 150k at 3.5p

[chutes01] 14/4/2025 12:46:53

Nee stock
Chart up

[sportbilly1976] 14/4/2025 10:07:37

Nothing there at 3.4p

Noticeably, both SCAP and MARX are not offering

[sportbilly1976] 14/4/2025 08:06:58

NT at 3.4

3.4998p wanted for 30k+ shares

[sportbilly1976] 11/4/2025 11:41:11

3.49 for just £1,500 now