Hi, I honestly don't know what the price will be if they ever sell the damn company, all I understand is that they need certain monies to get to a point where they can make the call. I agree with you about dilution but like you I'm in here now and have to wait and hope that things come good. I do believe that at their age and what they have found including the Nickel that they will eventually be taken out, if it is 10-15p I will accept it just to get back some money.
I try to look at it as if I was in charge and I certainly would not throw good money after bad if there was not an end game, what point would that serve, they have nearly enough Nickel for a future and the price of that metal is rising and they hopefully will add more gold which in this world should go up at lease another 15% in the future with all the crap going on, then they should have a Company to sell. Another way of looking at it is once they have spent the next load of money and got a better JORC statement what then!!
I can assure you I wasn't having a pop at you. Someone else on another BB.
Think you conveniently miss my point entirely regarding 'dilution'. Sure, it's obvious to anyone that dilution is an inevitable consequence of these types of shares. But you always hope it'll end sooner rather than later. The fewer dilutions over the years = the greater the success story.
The directors arguably don't lose out as they take their money along the way and this subsidises their ability to participate in fundraising so % original holding rarely decreases and most likely increases. It's the loyal long term holder that gets shafted.
There is a belief held by certain professional mining analysts that 7 years is a maximum time frame to make a success of things.
I still don't quite follow why the need here to be raising so much working capital at this point in time. By their own admission much of the pre-feasibility work is already done. I'd have thought one significant drilling programme is the only other priority.
... to all who've posted on here over the last few months. I'm out now, taken the hit and put it somewhere I prefer. All the best to those who hang on for whatever news Mr £300K was expecting but I can't wait. Lithium news? Tenement sell off? Nevada? Who knows. ATB everyone and GL.
I presume you are referring to me being a clown as I posted about dilution. I have no problem with your comment at all as if you give stick you must be prepared to take it back, However, I totally agree with your view about the number of shares in play, just so you know, I bought in some years ago at 11p and I am certainly not happy about the dilution but I don't see any other way of doing it other than trying to sell the Company now which would not be a good idea. As for taking wages, would you put millions into a Company and not take any, I would'nt. Having built up a Company and sold it things look very easy from the outside. If Landore is sold for 30p plus in 2 years time and the Directors earn millions I am happy for them, they didn't force me to buy their shares and I hopefully will make some monies moving forward. On making statements you always have to look at the other side of the coin. Look at all Public Companies, the reasons for going to market is to raise funds when needed, if you don't think it's a good idea bail out and take the losses,did you think you would invest in a small mining Company without dilution? You pay your money and take the chance
this'll now drift to make the fundraising a tad more attractive at a lower price??
Think when I first invested here there was something like 100 million shares in circulation. After this latest fundraiser it'll be close to 1 billion. Don't ya just luv it when some clown suggests that they don't mind a dilution??? Must selfishly be a recent investor at less than 4p and not one who has held for 10 years at over 15p.
RNS was so underwhelming. Pat themselves on the back, some new figures, loads and loads of regurgitated guff to bore the pants off people in the hope they wouldn't read it right through to the fund raising snippet at the end. Where do they get those admin/management costs from?? personnel/logistics?? to be spent in just Q2/3/4?? Phase 2 dependent on phase 1. And all to produce yet more figures from Bam East. That's their "focus for 2017". So forget lithium? Mothball Nevada? And the other properties? But ensure our remuneration for another year out of fund raise? Interims in six weeks perhaps? Can't wait! Wonder what Mr £300,000 is thinking? He surely wasn't piling in for just this?
My take = the Directors simply have no option but to invest in any fundraising if they want it to be a success. They pay themselves fairly well from the funds raised over the many years. Some more than others, it's fair to say.
The Directors are only interested in the end game. Like BNC. But BNC was from a time that no longer exists. AIM is a different ball game since early 2000 and the dot.com bubble. What happened with BNC is never going to repeat itself. Not in relative terms.
LND still strikes me as being a reasonable investment if you are buying in sub 10p. If Nickel price were to rise by say 50% then it would probably be a game changer. 30p sp? Not so sure with nearly a billion shares in circulation (taking account of Options etc).
Frankly for several years it seems to have been Plan A = stalling for time until Nickel price improved. Seems like a decade ago they were planning a pre-feasibility study. Although gold is what is flavour of the month, still think Nickel holds the key.
Hi Madsktpan I would like to know your view or anyone's view on my take on things. I fully understand that nobody wants share dilution, however, with that dilution the Directors also put their money where their mouth is. I also understand that when they were in Brancote they did very well and since then they have not really hit the mark with PGD as well as here, However can I ask the following.
If the Directors put monies in why would they if they don't think that they would get it back+++?
How else are they going to get the works done other than do a JV
Why would Humphries turn warrants into shares at his cost
From the costings it looks like it all goes to proving up the resource and other than Admin where else would they begetting monies from
If they double the resource and again prove that it would be cheap to get out the ground and on top of that have the Nickel what is the problem. If I am right and they sell the Company and get maybe 30p + a share don't you think it's worth it
Please let me know if I'm dancing with the fairies with my thoughts Many Thanks
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