Share Name Share Symbol Market Type Share ISIN Share Description
Leed Resources LSE:LDP London Ordinary Share GB00B3XT3Q15 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 0.02255p 0 06:30:09
Bid Price Offer Price High Price Low Price Open Price
0.00p 0.00p - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -0.2 -0.0 - 0.71

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jonnynixon: Well not the most exciting of rns.HmmmSo turnover of $1.2-1.5m therefore say $1.35m x 12months= $16.2mLdp share of 11% = $1.782m per yr turnover (circa£1.35m)Assume profit is around 15% therefore $0.267m (circa £200per annum)Granted the coupon return is less but still has an attributed value.If the 'transformational' statement is say x4 growth that would raise the turnover to $64.8m with profits to ldp at 11% stake =£800k per annum (with rosie tinted glasses on). Given an assumed safe current £200k profit attributed to ldp per annum...the pay back at current levels would be within the 4year period. If options were applied then stake-holding would increase and likewise the proportion of value. Are ldp able to declare that as a paper profit? Or is the coupon the only money that will be profit? It would be useful to see the forward order book. Patel et al could be aware of some very meaty civils jobs requiring their product. It would be interesting to see if the sales guys are working closely with the civils consultants and architects and whether their 'patented' moulds make this company the most competitive in the market/the market leader.Unless I'm missing something or the transformational statement is much larger (I assume the X1.4 value for 2015 is based on 25% discount and 15% profits before tax)...I struggle to understand how the major shareholders will see 0.4p buy in price they paid any time soon. At least the funds left in ldp are going to be working for the company and accruing far greater interest than in the bank!Anyone got any thoughts?
jojo_jo: One worthwhile question (not addressed in the results or post y/e comment): How much dosh, exactly, have they got at this precise moment? £1m, more, what exactly? The share price will drift until this is clarified impo! Muppets! IMPO/DYOR/NAI Jo
brando69: 99.99% deterioration in the share price or thereabouts
x1000: So what does that mean for LDP share price ? Are we looking at fund raising on a large scale ?
benjq: Indeed, Viridas does look cheap, I have also ventured in for the same reason. I would say the gambler in me enjoys the possible prospect of high risk and high reward posed by the Manas deal for LDP. You have to agree that the web of potential connections is very intriguing and the potential value of the resource would justify a increased LDP valuation and in turn increased share price. The share they have of such a resource, once confirmed, would value LDP at much more than £13m. If companies were always valued at face value of cash plus assets we would see wildly different valuations across the whole stock exchange with very little prospect for movement until results were posted, we would have to ignore the prospect and potential value attributed to many share prices. In my opinion the lure of AIM stock is to make you own judgements as to the potential of the business in which you are invested, of course these decisions can backfire but if it's relative safety you are looking for then invest in lower perceived risk with less potential for steeper increases in share price. As for the NAV you are overlooking the potential value placed on the deal with Manas - the calculations shown in the blog give the investment a nil value? Surely you see this as incorrect given the facts we do know and the potential offered by its future development? If it correct to give it a nil value then at what point does it have value - only when the black stuff is coming out of the ground?
liquid millionaire: VIR marab - 24 Jan'12 - 14:20 - 660 of 660 table.tableizer-table {border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; font-size: 12px;} .tableizer-table td {padding: 4px; margin: 3px; border: 1px solid #ccc;}.tableizer-table th {background-color: #104E8B; color: #FFF; font-weight: bold;} COST TOTAL CURRENT VALUE LDP SHARE PRICE 0.43 0 LDP WARRANTS @ 0.15P 166000000 0.15 0 0.28 £464,800 BRADY 17000000 1.15 195500 2.15 £365,500 TOTAL INVESTMENTS 195500 £830,300 CASH £3,369,200 TOTAL INC CASH £4,199,500 NAV 0.726557093 MARKET CAP 578000000 0.6 £3,468,000 £3,468,000
4screws: 16th January 2012 Analyst: Dr Michael Green, Independent Analyst Email: Tel: 07855 734970 Angel Mining* - Record gold pour gives further confidence. Strong Buy at 2.73p with a 5.8p target price Key Data EPIC ANGM Share Price 2.73p Spread 2.70p - 2.75p Total no of Shares 903.652,850 million Market Cap £24.6 million 12 Month Range 0.83p - 6.00p Market AIM Website Sector Mining Contact Nicholas Hall 07931 709 503 Angel Mining, the Greenland-focused gold miner, has made its largest single gold pour to date at the Nalunaq mine, totalling 517.8 ounces of gold dore. Without doubt this represents a big milestone for Angel and really shows that production is continuing to rise towards the target of between 1,500 and 2,000 ounces per month which the board expect to be achieved early on this year. At the time, Nicholas Hall, CEO, comment that "I am delighted that the team have started 2012 with a record gold pour. This is the latest step in our steady increase in production at Nalunaq. In December 2011, Nalunaq reached the important milestone of becoming cash generative. We look forward to the cash generation continuing to improve in line with production." Nalunaq was conceived with a rather short mine life and the economics look to have been dramatically changed by this discovery of additional high grade ore last summer. Looking ahead, Nalunaq could be pumping out cash at a rate of $1.7 million a month after costs from gold sales, which equates to $20 million in a full twelve months. The company's second mine is the Black Angel zinc and lead mine, where work on site seems to be going well and it is possible that this mine could come into production in 2013. There have been several false dawns here, but all the delays seem to have allowed a really cost-effective operation to be designed without all the luxury items that were conceived in the past. In fact, the costs of bringing the Black Angel back to life have been so pared down that it looks as though it could be funded to a large extent by the cash flow from Nalunaq. Looking ahead it seems that the management team learnt a lot at Nalunaq concerning logistics as well as the practicalities of operating in Greenland. The board is seeking to make the best use of such invaluable experience, the current buoyant gold price and the support of its financial backer Cyrus in order to maximise cash generation and develop a successful operation at the Black Angel zinc/lead mine that the team are bringing back to life. There is little doubt that Nalunaq is now the key to unlocking value at Angel. In the early days this project was seen to be an interesting small gold project that would provide some useful cash flow and give the team the experience of developing a mine in Greenland before beginning work on the more complex Black Angel. Reading through the RNS announcements over the years its seems clear that the management has not had much luck; but that all seems to have changed as the Nalunaq has been transformed by the high gold price and the discovery of a substantial amount of additional high grade material. The Nalunaq gold mine was acquired from Crew Gold Corporation in 2009 for $1.5 million. Crew had poured some $100 million into the project and had operated the mine for less than four years before closing it down because they needed a cut-off grade of 20g/t to make money and were only hitting 14.5g/t. Ahead of the acquisition, the board ensured that they could gain approval to operate a mill within the underground mine to save sending all the material to Canada for processing which had made Crew's operation uneconomic. The Black Angel is an old high grade zinc and lead mine that is perched 600 metres up a rock face on the edge of a fjord that needs to be reached by a 1.7 kilometre cable car. If it wasn't such high grade it would not be worth the effort. The mine was operated by Cominco for seventeen years until it was closed in 1990. The company acquired the mine in 2003 and went onto establish a JORC-compliant resource which is sufficient to justify the re-opening of the mine; as well as exploring satellite deposits which nicely bulked up the project and gave it a much longer life. By 2008, the team had gained the mining licence and had produced a compelling; Bankable Feasibility Study. Nedbank were in place to fund the capital expenditure but this was subsequently withdrawn as the project became another victim of the credit crunch. Lack of available capital in the system and depressed metal price meant that all plans were put on hold. These days Angel is under a different management team that has taken a completely fresh look at the Black Angel and set about designing an operation where it would have a chance of raising the necessary capital expenditure. The previous mine and plant design was a real Rolls Royce operation that came in at $145 million. The new team has painstakingly looked at every item and has been able to make substantially savings and believe that they can have Black Angel up and running for $80 million, with pay back coming from mining the high grade pillars in the mine in the early years. Due to successive delays and the budget overruns in beginning gold production at Nalunaq, investors might be wary of such plans. However, the management did learn a lot at Nalunaq and real progress was made there when highly experienced international mining, mineral processing and geologists were brought in. The board is in the midst of beginning that process at Black Angel and with the share price so low they have some highly attractive share options available to entice in the right sort of professionals. The board needs to get this right as Angel will not get another opportunity. Shares in Angel have recently begun to attract investor attention, which is well overdue. We rate the stock as a speculative buy with a 5.8p price target. Forecast Table Year to 28th February Sales (£ million) Pre-tax Profit (£ million) Earnings Per Share (cents) Price Earnings Ratio Dividend (p) Yield (%) 2009A 0 (2.675) (1.85) - 0 0.0 2010A 0 (4.713) (1.41) - 0 0.00 2011A 0 (7.773) (2.11) - 0 0.00 2012E 8.4 1.7 0.17 24.6 0 0.00 Source: Growth Equities & Company Research *Angel Mining is a corporate client of Bishopsgate Communications which is owned by Rivington Street Holdings (RSH), the ultimate owner of GE&CR. Funds managed by another RSH subsidiary own shares in Angel Mining. This research note cannot be regarded as impartial as GE&CR has been commissioned to produce it by Angel Mining. It should be regarded as a marketing communication. The information in this document has been obtained from sources believed to be reliable, but cannot be guaranteed. Growth Equities & Company Research is owned by Limited which is commissioned to produce research material under the GE&CR label. However the estimates and content of the reports are, in all cases those of Limited and not of the companies concerned. This research report is for general guidance only and Limited cannot assume legal liability for any errors or omissions it might contain. The value of investments can go down as well as up and you may not get back all of the money you invested; You should also be aware that the past is not necessarily a guide to the future performance. Finally, some of the shares that are written about are smaller company shares and often the market in these shares is not particularly liquid which may result in significant trading spreads and sometimes may lead to difficulties in opening and/or closing positions. Before investing, readers should seek professional advice from a Financial Services Authorised stockbroker or financial adviser. Limited is authorised and regulated by the Financial Services Authority (FSA Registration no. 192801) and can be contacted at 3rd Floor, 3 London Wall Buildings, London, EC2M 5SY email - tel 07855 734970 If you do not wish to receive such emails please use the following link to unsubscribe. is owned by Ltd which is authorised and regulated by the Financial Services Authority The hot share tips given here are of necessity, general. They cannot relate to the individual circumstances of investors. Anyone considering following the share tips contained here should seek independent advice from a Financial Services Authority authorised Stockbroker or Financial Adviser. So, while we would not wish to reduce our liability under the FSA regulatory regime, we cannot otherwise be held liable if individuals suffer losses through following share tips contained on this site or emailed out as free share tips. The value of investments can go down as well as up. The past is not necessarily a guide to future performance. Investing in shares can lose you part or all of your capital although the potential returns are theoretically unlimited. The difference between the buy share price and the sell share price for smaller company shares (penny shares) can be significant. Profits from dealing in shares may be liable to tax - the level of tax and bases of relief from tax are subject to change. Changes in the rates of exchange may have an adverse effect on the value or price of an investment in sterling terms if it is denominated in a foreign currency. Financial spread betting is a high risk investment, losses from which are potentially unlimited. Some of the shares recommended on this site will be smaller company shares. By their nature such investments can be relatively illiquid and thus hard to trade. And that makes such investments more of a high risk than larger company shares (or 'small caps'/'penny shares'). defines a smaller company share as any stock traded on AIM or PLUS or which has a market capitalisation of less than GBP300 million.
liquid millionaire: VIR, TOM & TXO From the 100% thread.... Skiboy10 - 31 Dec'11 - 15:27 - 77 of 81 Three stocks for 2012 VIR - Investment vehicle - 0.5p - Market Cap £2.9M Investments to date LDP shares 592m, cost 0.08p, total investment £473,600 bid price .22p, value now £1,302,400 LDP warrants at 0.15p, 166m, cost 0.0p, total investment £0 bid price .22p, value now £116,200 BRDY shares at 1.15p, 17m, cost 1.15p, total investment £195,500 bid price 1.7p, value now £289,000 Cash around £500,000 Total current NAV £2,207,600 or 0.382p per share Market Cap 578m shares at share price 0.5p £2,890,000 However the big news surrounds the links between VIR, Russian Steel, LDP, Abramovic steel commpany Evraz, ZOL. Apparently coking coal will be supplied by LDP which will be reversed into by Manas Coal. The key to VIR is that it can supply an essential ingredient of steel manufacture. All is being set up for it to acquire a S African manganese mine next week. What`s more, its already producing + profit making. Expectation is a move to 2p on completion of the manganese deal. Also the reversal of Manas coal into LDP would ensure a re-rating there and VIR's LDP shares at 1p would be work approx £6M. ================================================================= TomCo Energy - TOM - 1.725p - Market Cap £24.4M - Oil and Gas TOM owns oil shale leasing in Utah, USA, conaining up to 230M barrels of oil. Around 123 million barrels of this resource lie on the main tract of Holliday Block lease, and have now been classified as an Indicated Resource under the JORC Code. TomCo has entered into a License with Red Leaf Resources Inc (Red Leaf), which owns the EcoShale(TM) In-Capsule Process (EcoShale), to use this unique and environmentally sensitive technology to extract oil from TomCo's leases. Red Leaf is planning a 9,500 bopd commercial operation at their Seep Ridge site, which lies about 15 miles SW of TomCo's Holliday Block lease. First production is planned for late 2013 with TOM approx 12-18 behind. As part of the license Tomco also have a full collaboration agreement with Red Leaf which gives TomCo full access to all of Red Leaf's Technical data/experience. TomCo's strategy is to develop the Holliday Block lease as a similar follow-on project to Seep Ridge using the EcoShale(TM) In-Capsule Process, with the same targeted production of 9,500 bopd. The Holliday Block could sustain a 9,500 bopd operation for 20 years. Red Leaf Resources are rumoured to have signed a Joint Venture Agreement with supermajor Total SA of France who are investing up to $320M. TomCo are also thought to be talking to third parties regarding their own leases. Also just tipped in the Daily Mail yesterday saying not for widows or orphans but could be a 5-10 bagger this year. TomCo is worth digging up by Ian Lyall After being stung by the rather poor performance of Aviva, I have decided to go for it this year with a particularly speculative stock. TomCo Energy is not one for widows and orphans. But if it does take off in 2012, it has the potential to be a five or ten bagger. Using a revolutionary new technique, TomCo plans to strip mine oil shale in Utah. Close inspection of the shareholder register reveals the names of former Williams de Broe analyst Chris Brown, and Mark Donegan and Dominic Redfern, his former hedge-fund backers at Altima Partners. So the presence of investors of this calibre on the shareholder register suggests TomCo is at least worthy of closer scrutiny. =================================================================== TXO - Mid Price 0.69p - Market Cap £2.4M - Oil and Gas TXO reinvented itself earlier this year as an investment vehicle and has already made several deals. TXO has a 20% stake in Empire Energy who will be drilling in Tasmania for oil and gas in the New Year and are in the process of securing $50M to fund these drills. The structures are prospective for up to 668M barrels of oil. $50M has already been spent on research and seismic data. TXO also has a 10% shareholding with an option to increase to 42.2% in Grand Bahama Group which has two subsidiaries Morgan Oil USA and Morgan Oil Marine. Morgan Oil is an oil producer in Kentucky, USA with reserves at current prices valued at $31.5M however using horizontal drilling this could be as high as $100M. Morgan Oil Marine is a main supplier of BP Castrol Marine Products throughout the whole of the Bahamas. Servicing the 4,000 ships that visit annually could yield £20,000 to £35,000 in revenues per ship for the purchase of marine oil. Annual profits of $1.8M to $3.9M are expected. TXO is also currently in negotiations with Empire Energy to enter into a JV for a potentially revolutionary and very lucrative gas to liquids technology in the USA. At a cap of only £2.4M TXO have huge potential given the good spread of projects and the exciting drilling campaign due to start in the next few months in Tasmania. ========================================================================
jojo_jo: Just taking an interest in this now it's beginning to look cheap. The structuring of the investment in Manas was certainly a bit confusing at first sight... Manas is a company incorporated in the Kyrgyz Republic, the main activity of which is the exploration and development of coking coal resources and deposits within the Kyrgyz Republic. Leed, the investing company with a focus on making investments in companies operating in the natural resources sector, today announces the signing of a Loan Agreement and an Implementation Agreement pursuant to which the Company has advanced a sum of GBP750,000 to Manas by means of a loan. Leed will also issue 166,666,667 ordinary shares to existing shareholders in Manas at a price of 0.15 pence per share, with an aggregate value of GBP250,000, together with 166,666,667 warrants to subscribe for new ordinary shares in Leed at a subscription price of 0.15 pence per share, in consideration for a 17.5% share in Manas, which is being acquired from certain existing shareholders in Manas. They look like they took advantage of the share price spike which valued the 'investment' at £250k on the day ( - nearer half that today). So at today's prices they invested, say, £150k - although it cost nothing in cash, just some shareholder dilution. At the same time they loaned MANAS £750k (presumably interest free, but it's not clear, nor is the repayment timescale, nor whether convertible or not?), so although it depleted Leed's cash reserves it was not an 'equity investment' per se. Whether this would have been better spent actually investing, rather than lending remains to be seen. Perhaps MANAS directors weren't prepared to give away more than 17.5% of their company. Perhaps Leed can convert it, at some point, into equity, in which case they could probably dictate favourable terms. At today's shareprice MANAS could be seen to be worth about £1m, with £750k of debt owed to Leed. Also notable was the statement that the loan was primarily for the 'transfer' of the licence, which implies there is a licence presently owned by someone else. We don't know who this is, or how easy it will be to acquire, if at all. I assume MANAS are confident they can get the licence, but who knows what they will do with Leed's £750k (they could just pay themselves wages out of it for example, or worse...). Leed are relying purely on the integrity of MANAS' directors, as implied by their former high ranking positions, for the safe keeping and proper use of the loan. However history has shown that Russian Oligarchs are'nt particularly famous for their integrity, and the Kyrgyz Republic is not a place you can just hop on a bus to. The share price will certainly spike if and when the licence is acquired, as MANAS will be immediately re-rated (by UK anaysts now as a result of LSE listed Leed's stake). I'm not sure what it will be valued at in such a scenario, but guess it will be: (C.Coal Price x Fair Estimate Of Reserves) - Cost Of Extraction. At this point a big western player (BHP/Rio/etc) or Chinese miner could step in. So clearly the potential upside is huge, but it is a punt on the integrity of MANAS directors/shareholders. However they should want to court good relations with the LSE and the future capital London can provide. A reversal by MANAS into Leed is quite conceivable too, which means Leed shareholders could end up with over 20% of a substantial company. By the same token MANAS could just take the money and run, and it looks like this scenario is being priced in, and will continue to be until we have some news on the licence transfer or some other investment. On the 'conspiracy theory' front it is a bit of a coincidence that this deal appeared after McKeon became involved, after dumping most of his interest in the Abramovich controlled Zoltav Resources, which is specialising in investments in the FSU (such as the Kyrgyz Republic). Perhaps somebody saw someone elses shopping list, who knows? Pure fantasy on my part, but it is an interesting observation nonetheless. Leed need to do something with their website, which is well out of date and doesn't even mention the Kyrgyz investment and loan. They should also consider dropping Petroleum from their name unless they intend being predominantly oil and gas orientated. Having the word in your name doesn't help the share price when the oil price drops! All strictly imho of course, and not currently invested here.
fairenough11: Gas prices are on the rise--FACT. Therefore as the LDP share price fell on the back of lower gas prices,it should rise on the back of higher gas prices---Simples. Plus higher production and multiple projects in 2010. Not many O&G cos stil at lows,LDP is one. Good buying opp imo on the back of higher gas prices.
Leed share price data is direct from the London Stock Exchange
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