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Landore Share Chat (LND)



Share Price: 1.925Bid: 1.90Ask: 1.95Change: 0.00 (0.00%)No Movement on Landore
Spread: 0.05Spread as %: 2.63%Open: 1.925High: 1.925Low: 1.925Yesterday’s Close: 1.925


Share Discussion for Landore


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madsktpan
Posts: 1,415
Off Topic
Opinion:No Opinion
Price:2.05
RNS
Thu 10:45
I take some comfort that the smallish dilution and amount of funds raised gives a little hope that an end game MIGHT be getting nearer. And 'fair' play the funding at 2p being a relatively 'fair' price.

Next 3-6 months should shed more light on that hope of mine.

Resource upgrade to nearer 1 million ozs this Qtr be a nice start.

Sudbury calling??? LOL.
 
madsktpan
Posts: 1,415
Off Topic
Opinion:No Opinion
Price:1.925
RE: LND
Wed 19:06
For me....... LND is all about Humps. Bit like Lord Sugar is to 'The Apprentice'.

Yes, they both have and rely upon a couple of trusted helpers. But essentially it's their 'show' or their 'baby'. And if either were not to be there as the figurehead then it'd not be anything like the same and would likely quickly be 'curtains'.

Humps is kicking on for 80 years of age. Hasn't achieved anything material to lay his hat on for 20 years or so. Since BNC days. Some might say he's been a bit of a one trick pony.

As for Prickett - well, look at his CV........ he's an OAP accountant that cheerfully admits he can't tell one rock from another....... he's been associated with so many business failures there isn't enough space on this forum to list them.
Successes? Again only BNC. And if you analysis that BNC disposal........ frankly it was in the very early days of AIM during the dot.com bubble time and simply wouldn't happen in today's market.
the_shareminator
Posts: 10,734
Off Topic
Opinion:No Opinion
Price:1.925
RE: LND
Wed 17:48
Nice to hear this point didn't fall on deaf ears, firstly I would say that 500koz preliminary target has almost certainly been exceeded now following the last announcement which detailed some impressive drill results around the 3rd October I think. We are well on the way to securing a much larger resource than 500koz and the company intend to conduct another drilling campaign next year. So if they did raise $4-5mn that would last quite a while. It is likely that there will be more than 1 billion shares in circulation at some point but I don't think that will come all at once, maybe in another fundraising further out.

Also regarding the point you made about falling below the listing price and indeed the highs it's fair to point out many resource shares like LND are off their highs and there is nothing we can do about that. The price of gold is still pretty low compared to 2011 highs and the benchmark sale at 100/oz goes to show just how cheap these assets can be picked up for. Worth noting the exploration cost per ounce here is a fraction of that so any cash raised going towards advancing the resource size is money very well spent.

Assuming a sale then the day after we receive a new resource upgrade and following a placing to see us through this period which would raise $4-5m, a similar offer would be more than double the current share price and that excludes the cash element.

Personally I feel we are a long way off a sale and I don't think the company have any need for a JV now that they've found something substantial. We need to raise awareness, cash and continue expanding upon what has been discovered to date. This time next year we may be talking about a +1 million ounce deposit and that would be equivalent to 5x the current share price. We should not be lagging too far behind the value a major would in theory be prepared to offer so any investment at todays price looks like an excellent opportunity
madsktpan
Posts: 1,415
Off Topic
Opinion:No Opinion
Price:2.175
RE: LND
Tue 09:17
Using your example as a benchmark. ie 10 million ozs = $1 billion sale tag.

Ref LND resource estimate - you posted last month it could go up to 500k ozs.

Given there's a certain pending share dilution taking share circulation to over 1 billion that equates to a share price comparison (to Newmont Mining deal) of 5p.

5p is less than LND launched on AIM over a decade ago. And has touched 20p at one point.

If you invested at say 15-17p then LND has performed rather badly even if it secures an outright purchaser.

Admittedly there might be a premium attraction on extraction costs that'd make the figures more healthy. And LND have other mineral projects other than gold. None that are profitable mind at the mo to go to production stage.

Let's hope they don't settle for a JV as BH be 100 years old by time that goes into production.
the_shareminator
Posts: 10,734
Off Topic
Opinion:No Opinion
Price:2.175
LND
12 Oct '17
Newmont Mining Corp (NEM.N), eager to replenish tight gold reserves, said on Tuesday it would buy Canadian explorer Miramar Mining Corp MAE.TO MNG.A for C$1.5 billion (US$1.52 billion).

The all-cash deal, which won unanimous approval from Miramar�s board of directors, will give world No. 2 gold producer Newmont control of the undeveloped Hope Bay project in the far north Canadian territory of Nunavut.

The project has indicated and inferred resources of 10.7 million ounces, according to Miramar�s Web site.

http://www.reuters.com/article/us-miramar-newmont/newmont-to-buy-miramar-mining-for-c1-5-billion-idUKN0939883720071010

Our project is in a much busier location, there are majors nearby producing hundreds of thousands of ounces of gold each year and they will be looking for another reserve or indeed a resource like Hope Bay to supplement their depleting assets.
the_shareminator
Posts: 10,734
Off Topic
Opinion:No Opinion
Price:2.125
View Thread (2)
Landore drill results
4 Oct '17
Positive looking set of results, near surface in the 1-2g/t range

The existing 301koz resource across 600 meters strike length has been infilled now which means confidence in the result will move the majority of that to indicated category and provide a more accurate resource grade

Added to that are the new drilling results extending the strike length by more than 900 meters and providing a new inferred resource boosting the overall BAM East Gold project resource size.

Even more exciting is news that " In addition, drilling at the original BAM Zone has successfully identified a potential resource with similar lithology and grades to the BAM East Gold Deposit located 1,000m along strike to the east. The original BAM Zone mineralisation remains open along strike to the east, west and down dip"
the_shareminator
Posts: 10,734
Off Topic
Opinion:No Opinion
Price:2.375
RE: BAM EAST GOLD PROJECT
23 Sep '17
I'm not 100% sure but I believe Apple or was it Google came in and plugged the market gap Fitbug was hoping to exploit. These small tech ventures are risky for the simple reason their ideas and tech can be replicated by the market leaders. A gold explorer becomes the temporary lease holder of a geographically defined area and finds on these properties cannot simply be replicated. They are unique. The risks involved cannot be compared. It is better comparing this to CNR, MARL (which has been bought out), CMCL and the like.

CNR is located in Nicaragua and has been exploring for around 7 years. Progress is always slow with small explorers but the potential to make lots of money from these stocks is much better than the huge producers. All it takes is a steady stream of finds, progress towards establishing a resource or larger resource and a rising gold price. This company is in a safer jurisdiction than CNR and presents a cheap option to be exposed to increasingly frequent M&A of junior gold explorers and a rising gold price (courtesy of USD weakness).

The update concerning Lamaune was in the works a while back it seems as anyone following the history will have known and the recent comments from Landore about the potential for the recent gold finds to continue along the full "east west extent of the greenstone belt" across the Landore and Lamaune properties. So although we didn't collect $6.1m in owed loans the market was well aware of the financial difficulties Lamaune faced and so this deal will grant us exploration potential to further increase the size of this find. Such low cost moves can strategically become the most beneficial if it turns out the combined resource is enough to encourage interest from more financial backers or even a major.

Worth pointing out this company has been drilling in the area since 2003 at sporadic intervals and it was only in 2015 that they discovered something worthy of follow-up. Even then the project has only recently benefited from step out drilling 150 metres south of the BAM East Gold Deposit which showed consistent intersected mineralisation with grades similar to the 2015 find. Mineralisation is improving to the east according to the latest company update.

A follow up drill programme is planned to commence this Christmas to
1) expand the BAM Zone with the aim of delineating a separate open pit deposit and
2) to test the area to join with the BAM East Gold Deposit

I would hope that following a successful winter campaign the company will be in a position to increase the NI resource estimate from the current 301koz as established in February 2017 to more than 500oz as things stand with the winter results to boost it further. I have followed both CNR's and SMA's progress previously and come close with resource estimates based on the results released to market so I am reasonably confident in my assumptions.
Costello
Posts: 983
Off Topic
Opinion:No Opinion
Price:2.425
RE: BAM EAST GOLD PROJECT
19 Sep '17
Dumped these. May buy back in later.
AppleMacMan
Posts: 452
Off Topic
Opinion:No Opinion
Price:2.40
What is actually going on here?
18 Sep '17
After this mornings RNS (that I discovered after remarks on BB's) .. perhaps whatever drill results are reported, few believe that Landore is ever going to actually do anything but initiate further surveys and pay directors salaries with our money?

I bought around £11k of shares 6 years ago and used to receive email RNS updates. Having written personally to the company countless times over the past couple of years to request being put back on the email list, I haven't even so much as received the courtesy of a reply.

How do any of us even know that anybody pops into the office occasionally? I'm beginning to feel this whole affair has become something reminiscent of the incident of the Mary Celeste.

Does anyone have a positive spin on what's actually going to happen here? It's most depressing seeing the total lack of enthusiasm in the SP.
Best
AMM
GeraltofRivia
Posts: 17
Off Topic
Opinion:No Opinion
Price:2.325
Making things simple.
13 Sep '17
More metres added.
Looking forward to the upgrade and 101

When luck is preparation meeting opportunity a clear path helps.

Good luck to all.




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