knocked off the bid. Without even a single trade. And whilst at almost record lows.
The Market really doesn't like companies that promise the earth for a decade without delivering anything substantial and in the meantime just have one fundraise/dilution after another 12. And never exercise any Options they have granted themselves along the way. Just re-issue at lower amounts.
I had my tongue firmly planted in the side of my cheek when I posted that comment.
I was thinking/dreaming back to the heady days when this launched on AIM and to the days Humphries was buying on the open market at 16p - rather than being factually accurate about it ever temporarily heading north for a very short period of time to something short of 3p.
Someone may want to ensure your 50k purchase did not have any positive effect on the sp. Wanting to see the price remain at this low level with the next inevitable fundraise in mind. When was the last time this went north? My memory isn't that good.
Good for you kennyboy. I was thinking the 100k trade this morning was a buy and not a sell. You can never be sure with AIM stock mind. Good to have to confirmed.
I hope you're right with your own thinking. I would caution though that we've been reasonably expecting similar in several of the previous years. And all we've ended up with is confirmation that they are greatly encouraged by results and are consequently planning a follow-up drilling programme in 'x' years time. Don't take my word for it. Read the RNSs that usually get published at this time of year. From about 2009 time when they were talking bullishly of fast-tracking one project to production. Listen to the interviews Prickett usually gives at this time of year. There's a familiar theme to them. Year in & year out.
Maybe, just maybe, this will be the first time they actually deliver something substantial & concrete that has a direct impact on the share price performance. The record books will prove that the opposite has always happened. A positive sounding RNS is always but always followed by the share price heading south. Always. And I've lost count of the number of times.
At this extremely low entry point I'm sure there's a good profit for you to be had. Not so sure about those who invested many years back in the 15-18p range. They need an acquisition offer. And I'm not sure there's going to be a queue of prospective purchasers lining up to make an offer for LND. But hope I'm wrong.
Hi. One transaction so far today - mine. I bought 100,000 and it is shown as a sale. I'm banking on the potential upgrade of known resources as mentioned in their last RNS as follows :- Landore has initiated a comprehensive relogging and sampling programme of existing drill core from the B4-7 deposit to identify potential Alpha Zone mineralisation previously not sampled due to low sulphide content. It is now recognised that PGE mineralisation is not necessarily tethered to sulphide content, as is the case with the recent high-grade PGEs intersected in drill-hole 0414-503.
as has happened many times in the past. Being shorted with thin trade then 24 hours before RNS loads of quick-fire buys. Then RNS released. Then no buying from that day on.
Could only happen with AIM stock. And particularly companies like LND who promise much and deliver nothing. Remind me again - how many companies has the CEO been involved with than have been dissolved? 16 isn't it? And 34 resignations. Some CV.
I have loyally held a position since 2006. With the benefit of hindsight I should have bailed yonks ago. Ever since Andrew Cheatle left and Packer Jnr's mob sold out it's been in a steady decline from 16p to 1.25p with regular suggestions of only ever jam tomorrow to get remotely excited about. But tomorrow has never come. The only saviour for this stock is for someone to place an offer on the table. But with a multitude of 'rocks' to choose from and none delivering a great margin, I'm not holding my breath. What do you think LND is worth as an acquisition? £50 million? Hope I'm proven wrong. No point selling at 1.25p imho as I have effectively written off 600k's worth.
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