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LND Landore Resources Limited

3.50
0.00 (0.00%)
03 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Landore Resources Limited LSE:LND London Ordinary Share GG00BMX4VR69 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 3.50 1,145,453 08:00:00
Bid Price Offer Price High Price Low Price Open Price
3.40 3.60 3.50 3.50 3.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores -1.5M -0.0048 -7.29 10.95M
Last Trade Time Trade Type Trade Size Trade Price Currency
15:44:25 O 35,000 3.466 GBX

Landore Resources (LND) Latest News

Landore Resources (LND) Discussions and Chat

Landore Resources Forums and Chat

Date Time Title Posts
03/12/202410:40Landore Resources8,472
17/8/202413:01Hidden value, Brancote management4,057
07/8/201806:16Landore Resources (LND) One to Watch Today -
17/6/201515:31 BILL H Chairman Landore Newscast9
08/7/201421:44David Bick & Jon Beliss say to BUY & HOLD in LND2

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Landore Resources (LND) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:44:273.4735,0001,213.10O
15:09:223.5263,8662,250.00O
15:06:303.5285,1542,999.98O
14:20:393.475,771200.02O
13:05:083.5242,5371,499.00O

Landore Resources (LND) Top Chat Posts

Top Posts
Posted at 03/12/2024 08:20 by Landore Resources Daily Update
Landore Resources Limited is listed in the Gold Ores sector of the London Stock Exchange with ticker LND. The last closing price for Landore Resources was 3.50p.
Landore Resources currently has 312,820,000 shares in issue. The market capitalisation of Landore Resources is £10,948,700.
Landore Resources has a price to earnings ratio (PE ratio) of -7.29.
This morning LND shares opened at 3.50p
Posted at 15/11/2024 08:18 by sportbilly1976
chutes,

there was no 'promise'. They are still very much engaged to bring a Canadian listing, but to do so in the correct format that delivers benefit to shareholders - we only have to look at Claude's failed attempt to see what happens when it goes wrong!

I would also say that it, in itself, isn't magically going to lift the share price to 15-20p...the growth in both the confidence of, and ounces contained within the resource will.
Posted at 11/11/2024 14:55 by rayte
Doubt it will have much effect on share price .but Canadian listing and update will do

Waiting game. But LND has always been a waiting game

Liquidity seems really tight. It's why those 100k blocks are going through. Any large number is always nt for me
Posted at 19/9/2024 11:56 by rayte
Flipped for 100 quid profit.

Suppose good while you can and profit is profit.

But not gonna help the share price move up. Meanwhile - gold hitting the 2600 roof
Posted at 17/9/2024 15:03 by sportbilly1976
EDG - less than £3,000 of shares have been sold from those traded too

edit: despite the share price drop just now, the buy price on a 500k block has gone out from 3.19 to 3.31 - maybe now too low for Novum to accept?
Posted at 16/9/2024 07:33 by rayte
Well Its certainly put a spark under the share price 🤔
Posted at 12/9/2024 10:20 by john henry
i forwarded a copy of the original reply message to Rayte he can confirm.

However a TO is how i see an exit may come to light, may not.

Reasoning is i think Gold is moving higher over the next few years, LND resource will grow and its valuation will become even more absurd, imho a £100M plus TO will be accepted.

I dont see the AIM market valuing LND much more than £30 - 50M or LND becoming a producer.

Im sure long suffering shareholders as well as Featherby and Humphries would like to see a cash exit.

If they develop the mine and produce the MKT will still value LND a fraction of its true value.


No need for a pint
Posted at 13/8/2024 10:11 by sportbilly1976
From share price Angel morning note:

Barrick Gold (GOLD US) US$19, Mkt cap US$33bn – Quarterly results as Bristow eyes acquisitions in Canada

• Barrick reported gold production of 948koz over 2Q24, vs 1,009koz in the same period last year.
• AISC reported at $1,498/oz vs $1,355/oz same period last year and $1,474/oz in 1Q24.
• Copper production at 43kt over the period vs 48kt same period last year.
• Debt steady qoq at $4,724m, whilst cash stood at $4,036m, up from $3,942m 1Q24.
• EBITDA reported at $1,289m whilst free cash flow reported at $340m.
• Company expects higher production and lower costs in 2H24, expecting a ramp up from Pueblo Viejo and Lumwana.
• Reko Diq feasibility study expected to be completed by year end.
• EBITDA up 42% qoq and debt net of cash reduced by 12% qoq after the Company benefited from higher gold prices, at $2,338/oz for the quarter.

Conclusion: Higher gold prices are starting to feed into producer margins, boosting earnings and cash flow. M&A in the sector is starting to heat up, with Goldfields buying Osisko’s remaining half in the Windfall project yesterday for c.$1.6bn. This encouraged speculation over Barrick’s future growth plans. Bristow responded to Bloomberg, stating that Barrick is looking for investment opportunities in Canada. Goldfield’s acquisition of Osisko valued Windfall at c.$500/oz in reserves, and just over $200/oz for gold in resources.


Landore price per oz??? Circa $10
Posted at 10/8/2024 08:46 by bri15
So one of our major shareholders was here with just under 10% of the company about 4 years ago,we have lost 75% of our value since then but this shareholder recently increased his holding,so what price is Mr Sprott after for his holdings? probably a heck of a lot higher than present share price that's for sure.
Posted at 06/8/2024 08:22 by kpleat
Agreed Neo. The disconnect between value and share price is both baffling and frustrating. I am confident that once drilling starts, the share price will begin its catch up.
Posted at 12/6/2024 17:11 by masergt
Re my earlier #7667, 5th June. "..if...if...if...then BAM might become a goer later this decade. But would my ROI have been worth it after all the assured dilution?"

Well we've moved a lot sooner than I posited. Lol. And what a move!

Never have I known a discounted fund raise and 50% dilution result in what seems to have settled at around a nett 30% share price increase. A remarkable result and secured in no small part, imo, by Board members and old Bill backing it with their own cash. Interestingly, Glenn Featherby gave up part of four months of salary and fees valued at £60,000, putting him on at last £250k pa.

With a £3.68m cash injection it's understandable why they were happy to let the Storm payment of c. CAN$790k slip from 24th May to 28th June. Perhaps the last paragraph of that 28th May RNS gave a clue to today's RNS: "Corporate Update. Further to the Company's announcement of 4 January 2024 and Circular dated 12 January 2024, management continues to progress discussions in respect of suitable funding options to enable the Company to, inter alia, satisfy its ongoing general working capital requirements and advance its flagship BAM Gold Project at the Junior Lake property in Northwestern Ontario. A further update will be provided by late June 2024 in conjunction with the Company's forthcoming publication of its final results and Annual Report and financial statements for its year ended 31 December 2023."

Claude and Larry resigned with immediate effect on 4th Jan after pulling the TSX listing and announcing a grubby £600k fundraise at 2.4p - a 22.5% discount and 17% dilution. Very positive results of the 2023 soil sampling were then reported on 15th Feb. Claude and Larry must have known of the sampling results but couldn't survive what appeared to be a blood bath in the boardroom. In the RNS on 15th Feb Glenn went on to say "... the company continues to explore additional funding options to enable it to, inter alia, proceed with a drilling campaign at the BAM Gold Project at the earliest opportunity, as well as exploring potential strategic investor, merger or sale opportunities in relation to its Canadian subsidiary." I, for one, took this as yet more corporate puff and paid little attention to it.

I'm now guessing that Claude and Larry weren't involved in today's deal having just raised a very expensive £600k and if Glenn was referring (above) to talks initiated by himself after they'd left which brought about today's nicely detailed announcement then hats off to him for delivering so quickly. That bodes well for full and accurate shareholder reporting in the future and swift progress on the drill programme. If I owe him an apology for 'accountants in Guernsey' then I offer it willingly. Alex Shaw's appointment is a huge bonus - and he's bought in already with over a million shares with 1m + 1m options at 5p and 7.5p within five years. That alone must have impressed the markets.

My thoughts turn to LGM and "...certain other new experienced investors". Looking first to the latter, it's been suggested elsewhere that not only were SCP Resource Finance involved in brokering the deal but that they also fit the "new experienced investors" description.

"SCP Resource Finance (SCP) is a global leading broker dealer in precious metal and mining assets. Since inception in 2017 we have raised more than $5.8bn of capital for our clients and advised in ~$1.9bn in M&A transactions. In 2023 we completed a management buyout of Sprott Capital Partners and are 100% independently owned and operated. SCP provides a comprehensive suite of capital raising & advisory investments to institutional & private clients." That's one hell of a team and list of clients they've got. Add to that a very professional website - check out the free 'Market Insights' - and I couldn't be happier if SCP now have a vested interest in LND additional to the warrants they were awarded.

As for LGM putting up £1 million of the £3.68m funding giving them 13.45% of the company, could this be construed as an earned in JV despite the Relationship Deed? Will it lead to a greater ownership? Will BAM progress to production with LGM as operator and lead to an eventual buy-out by the Mota-Engil Group? To my mind this scenario would set out the rest of this decade at Junior Lake. All in all today's news is a watershed event for LND. GLA.
Landore Resources share price data is direct from the London Stock Exchange

Landore Resources Frequently Asked Questions (FAQ)

How many Landore Resources shares are in issue?
Landore Resources has 312,820,000 shares in issue.
What is the market cap of Landore Resources?
The market capitalisation of Landore Resources is GBP 10.95 M.
What is the 1 year trading range for Landore Resources share price?
Landore Resources has traded in the range of 1.85p to 5.95p during the past year.
What is the PE ratio of Landore Resources?
The price to earnings ratio of Landore Resources is -7.29.
What is the reporting currency for Landore Resources?
Landore Resources reports financial results in GBP.
What is the latest annual profit for Landore Resources?
The latest annual profit of Landore Resources is GBP -1.5M.
What is the registered address of Landore Resources?
The registered address for Landore Resources is P.O. BOX 141, LA TONNELLE HOUSE, LES BANQUES, GUERNSEY, GY1 3HS.
What is the Landore Resources website address?
The website address for Landore Resources is www.landore.com.
Which industry sector does Landore Resources operate in?
Landore Resources operates in the METAL MINING SERVICES sector.

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