Landore Resources is currently reviewing its lithium prospects on the highly prospective Junior Lake Property including the historic Despard pegmatite, the Swole Lake pegmatite and the Tape Lake pegmatites both of which were discovered by Landore.
In addition the Root Lake project was sold during the period to Ardiden, an Australian Lithium explorer. Landore Resources received C$200,000 (approximately £117,500) consideration plus approximately 7.5 million Ardiden shares which have been sold raising a further AUD134,261 ( approximately £79,000). Landore Resources has been granted a 3% net smelter royalty from minerals produced from Root Lake.
Nevada is a big gold and LITHIUM state. From my research there is at least 1 holding containing Lithium. 2 are in geological locations which usually provide a high chance of lithium being produced ie granite top, tuffucious land and and the possibility of further land having lithium quantities looks very high. But the 3 I mention are in the NEVADA LITHIUM ZONE. All 7 assets are proven Gold locations. Maybe prove up Junior Lake and sell up at massive profit and ooen up Landore US ltd. ?
What the crack with the US stuff ? In the may presentation, still down as 100% but in a subsidery. Is this to say its basically parked up ? Could it cost us money or can they bin them ? Basically is it classed as an LND asset or is it the subsidury companies to do what it wants away from LND Canada ? I am really unclear in this if someone could advise please? I dont suddenly want a big bill or issue out of leftfield catching me out. Thanks anyone who can help.
I'd rather not if you don't mind. Nowt personal. To be frank although I've held LND stock for what seems most of my life, my knowledge isn't that great. Hence why I have been asking or making critical comments/questions over the years (that rarely get answered). There is a small group of individuals that post on ADVFN that are so far up the director's ***es that you only get to see the soles of their shoes. Maybe you could invite one of them to email you? They only ever post anything constructive when there's good news flow. Only sign when they're winning. Me? I think that's the time to be quiet and let matters take their course. Not ramp away. Slightly perverse reaction of me I grant you!!
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