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Buying has dried up.
But good to be sitting above 3. However back to the doll drums
Started: Samroy, 19 May 2024 12:13
Last post: JB73, 20 May 2024 16:05
Check out Adyton Resources. Did 1,500% on essentially no news in the space of about six weeks.
If prices are that flexible without any change to prospects, why shouldn't this ten bag and then receive a sensible offer?
It's quite clear after the antics the other week that the share price is set by David Burton and colleagues dumping every time it goes up half a pence, which means that the market does not have a sensible mechanism for assessing what this is worth.
I think most people would be very happy if this was sold at 15p.
With Landores current economics even an idiot should be able to get it fully funded (& that's what we've had over many years as shareholders unfortunately , so maybe now they will be able to finally pull it off ).
Its IRR is probably way over 100% here at these prices AND has a project payback of LESS than a year now....All in a rock solid safe jurisdiction & massive exploration upside still in play...
To a sensible player these are eye wateringly strong project numbers that many would die for...
Took another look at the price sensitivity analysis.
$110 million goes on the NPV for every $180 on gold with just the existing project.
At $3,000 gold, NPV is over $1b.
I don't think $3,000 gold is at all unrealistic by the end of 2025.
If I was Glenn I'd be half inclined to do nothing for another 18 months if a decent option to fund work doesn't turn up.
After all these years I can not see him or LTH agreeing to a 'fire sale' of a $1b project with massive upside potential for the 10-15p ($20-$25m?) called for by some here. Bill may have wanted too much a year to 18 months ago, or maybe he just had the wisdom to see where things were heading.
A big investment would be a tad more than £4M at which price he could buy the company.LOL
Started: Thegambler5, 17 May 2024 10:20
Last post: scott240, 18 May 2024 10:56
Glenn will be working on Canadian listing
Great news
Like a reunion - great to hear from you Michu and TG5- always enjoyed your posts - some real numpties around these days, can't get a sensible discussion going - I'm totally lost on LND and need to get my head around the current position - will give it a few hours reading. It does seem to be on the move TG5.
Get your toe dipped Kalan before it’s too late. This gotta be worth a punt at these levels.
PS - good to see you’re still around old friend!
If it can continue to rise to say 5p before any news - it will be great. Seems people starting to take interest.
Look at Kav M/C - ludicrous 23 million.
This is 4m and sitting on a resource.
10p is 12mil M/C
'Kalan' a name that rings a bell from the past ! Good luck with your bet here, if you do make that bet, Sir..
I had written this off but am - surprisingly to me - changing my mind on that around now... (POG heights have me hoping for a JV of some sort soonish, or an outright sale at a 'lowly' price even is fine by me.. eg 10p a share)
And I have done two top ups here in recent weeks.. and may even do one - or two- more in the not too distant future too..
Extremely high risk bet granted.... but amazing bang for buck in terms of averaging down from a too big a number for me.. down to 12p average now.. maybe sub 10p soon(ish)..
Started: Rayte, 16 May 2024 13:37
Last post: JB73, 17 May 2024 09:19
Bought in six weeks ago during which time the company has done nothing other than run down their bank balance? +50%
Bought in years ago and held as the company grew from nothing to a 1.5moz deposit? -95%?
Questions?
Which suits fine. I think the next time it breaks 3 - it will be the last time it sees the 2's.
Gold price close to year high.
Set up looking good just need some luck and GF to come good
The tiniest of volume moves it. Shares in sticky hands liquidity low.
Any serious volume and this will go ballistic
Started: Rayte, 15 May 2024 07:59
Last post: Samroy, 15 May 2024 13:00
Storm have raised c$310,500 recently so they do have funds I wonder if they will pay us?
VANCOUVER, BC / ACCESSWIRE / April 23, 2024 / Storm Exploration Inc. (TSXV:STRM) ("StormEx" or the "Company") is pleased to announce that it has today closed the Company's non-brokered private placement, previously announced on March 14, 2024 (the "Offering"). The closing is subject to final acceptance of the TSX Venture Exchange.
Pursuant to the Offering, the Company has issued 6,210,000 units (the "Units") at a price of $0.05 per Unit, for aggregate gross proceeds of $310,500.
Thanks for your input guys. I am drastically underwater here but still holding.
Next Storm payment due next week now too. I'm assuming that they're likely to be missing that again? I can't see that they've managed to raise anything or have a share price to do so.
Glenn will have to send in the bailiffs at some point surely?
JB,
The issue here is the depressed share price, largely driven by the ill-fated Canadian listing by Claude (why he chose not to underwtite it??!)..this immediately took 60% off the share price as the market then priced in a further deeply discounted raise being needed for 2024 drilling....indeed you can trace the decline back further to the start of Claude's tenure when at every opportunity he talked about raising funds (thus depressing the sp by people forward selling in anticipation). So discounting these as artificially supressing down the price, a 'starting' sp would be closer to 10p
$3bln of resource is still there, it is still in a Tier 1 jurisdiction and it is still, effectively up for sale - Landore were never going to mine and go into production (another Claude error)
That results in the huge disconnect - one rns re a JV or similar significantly reduces it...that is where the 200-400%+ jump will come from.
Think it is rare, but does happen. £30/40 million takeovers hardly get any press do difficult to search. From memory Noront resources had a premium of ~225% in the end and that was a $500 million deal.
The other way to think about it is how many recent takeovers can you find that value gold at 20/25 $ per oz in the ground - very few if any i imagine. Most are 100$ +, so would be an excellent deal for any suitor.
But anyway who knows, i would take a low ball takeover at this stage. Just desperate to know what Glenn is working on.
I did have a quick google before I posted to see if I could turn up any examples of multibag takeover premiums. Might not have been searching the right thing of course but 100% was the biggest I found.
Last post: Samroy, 14 May 2024 16:30
Rayte I sort of guessed but had to comment for a laugh.
Just because this mechanism to return value to shareholders is a complete failure and doesn’t seem to work more often than not for many companies, not just LND doesn’t mean to say we have no or little value as the M cap suggests.
We have 3 Ni43 101 resources in Canada not just the bam gold but also the Nickel B4-7 and the VW in one of the top ten postcodes in the world. The PEA was calculated on only 833,000 oz of gold and returned very attractive numbers for any buyer based on gold at just $1800 an ounce, as I type gold is $2350 ish so obviously worth a lot more.
We have discovered just under 1.5 million ounces in total but the total resource at that time wasn’t put into the PEA so again worth much more than the PEA numbers show. With more drilling it will no doubt expand the resource if they choose to go down that route
but as far as anyone knows that could all be left to the new owners if of course we get a buyer.
In Answer to JB73 if you do some digging it is possible to get a premium of between 300-500% I have seen some in the past and I’m sure with a little research you will find them. At the moment we are around 2.7p but that could start to climb and before anyone knows we could be sat at a much higher SP before any RNS is put out.
I know Glenn is working hard behind the scenes after all he is heavily invested and aligned with us loyal shareholders so if he can get a deal done favourable for LND and himself I’m sure it will all bode well for all shareholders.
We have assets worth Billions and an insane m cap of around £4m there are some companies out there not mentioning any names that have an higher M cap and have no resource at all.
Looking forward to see what news we get when it lands let’s see how the market responds.
Have a good day all.
He was actually chatting/replying to me but it does look like he's having a one way conversation 😂. SB, JH etc we all chat on Advfn too. I also remember JH from the GKP days of 10p to the moon.
SB replied - thanks for input. Appreciated
I hate to be a party pooper, but can anybody point to a single example of a company anywhere being taken over at a 300-500% premium?
10-15p would be paltry anyway, but as far as I'm aware that kind of premium literally never happens.
We seems to be leap frogging from Advfn to here : )
Great input from both JH and SB.
It's down to GF now to update the market and give indication as to what the strategy is going forward.
GP has held well and gives him a negotiating position but until we get an update, we won't know either way.
As for DB/TMS I hardly pay any notice. He knows no more than the rest of us.
Best guess a few here’s going to be disappointed they’ve not bought in at these levels soon .
Time will tell.
Started: Rayte, 9 May 2024 20:59
Last post: Rayte, 10 May 2024 09:03
Great input but some kind of status update is well over due. It's been months since they last updated the market.
He does look a bit of a bit the guy in twitter and can't hardly string a sentence together.
I'm holding. In profit and happy to sit it out with GP steading around 2300
Glenn does respond to investor sensible queries - so that side is possible, but he is never going to go into details about the reasons behind a SP increase to a randomer! The guy who tweeted it is full of conspiracy theories and should be ignored.
Glenn is working on a deal, i think that is pretty obvious. Second guessing what type of deal is much much harder!
Glenn is a long term shareholder like many of us, he only joined the board in circa 2020 when another guy left. He wants money out of this as much as anyone and quickly - he has put 100sk into this over the years - including £100 k in the past 6/7 months, most of which at 8/9p. The idea that he is not motivated here is complete rubbish.
Difference here to many other explorer/developer companies on AIM at the moment is that a) they actually have a significant asset and b) the guy in charge has alot tot gain financially by turning this around.
Exactly, gold will do the lifting. It’s almost up a 1% today at $2370, so if you thought this was a good play yesterday, today it’s more compelling.
We all know we can’t base buying into a company on daily fluctuations of the gold price but if you think gold will stay at these levels or go higher, then this IMHO is a good punt.
The execs have taken investors calls before here Rayte, I wouldn't be dismissive of that.
I'm not sure why the idea of mothballing this for a little while isn't being looked on well. It's been fairly well regarded that it's a buyer's market out there. It's not like they really have significant ongoing costs.
Getting there again
AU £1,888.88
Started: janet2007, 9 May 2024 15:58
Last post: AJ27, 9 May 2024 20:25
Can’t see any reference to that anywhere on Twitter.
Laughed of the blower allegedly. I don't know. Just writing what I see. Could be FOS too
If Glenn said the rise was news related then he'd have been in breach of AIM rules & regs.
So - he was never, ever going to do so!
D'Oh.
I think tomorrow it may pull back.
Some bloke on twitter got hold of Glenn and apparently rise is not news related.
What's he doing for his salary for Christ sake
For LND and now up 16 percent UMR also climbing and rising today ....really enjoying the rise up on both
I'm gonna hold now until news comes out. Always easier when in profit. However, I feel for LTH as we've all been there. I hope they get out evens it with profit
Any more rises might have a small slice
I said a few months back at 2p how you could see why people would buy this. Up 50%+ in not all that long id feel the opposite, the people coming are the people here for now like Rayte.
The rise needs news, here's hoping Glenn has some for the long sufferers here.
Just be decisive guys and never be afraid to cut. You can always rebuild in a better risk/reward stock
I too have been beaten up very badly here.. and promised myself I'd absolutely not average down any more.. and, guess what, this morning I did a small average down buy.. mug that I may very well continue to be..
My average is 15p ish and since the Canadian listing plan fell apart I have been guessing that this might well be a total write off in the end .. I've only a few grand mark to market left to lose here anyway now....
(but I've had stranger things happen to me in this game than this coming meaningfully back .. eg Rose Patroleum I saw as an 8k gbp write off.. but it was taken over and renamed Zephyr Energy and I've subsequently multi bagged profit banked .... and am now trying another go round in hope of a bag more ..etc.. )
Good luck to all fellow punters here
Just left it out of hope more than anything else , not a great strategy I know
Nice to see volume and chat have picked up.
Suppose if it carries on the trolls will appear soon🫣
But hopefully it will carry on rising. News must be due soon
Started: Rayte, 8 May 2024 15:55
Last post: Rayte, 8 May 2024 15:55
Tiniest of trades are moving this. Any serious volume will will have a positive result. All boards really silent so seems no one aware of this. Just LTH but have some finally bailed?
Started: Rayte, 8 May 2024 15:26
Last post: Rayte, 8 May 2024 15:26
Been happening for the last 10 days off and on. 08-May-24 15:02:02 2.795 357,536 Buy* 2.50 2.70 9,993
Always 10k chunks
I took a holding here again yesterday
Been watching it for a week. Seen a few £10k's go though and though lets give it a chance to see if Glenn is actually going to do something for his salary.
Funny how things change but I always said id monitor it.
Started: Rayte, 1 May 2024 16:25
Last post: Rayte, 1 May 2024 16:25
Regarding the below. I have hardly seen a share with less trading than Landore. But you think Glenn (or some do) will sell this business. Once again - WHO is going to buy it? That is for the fairies. Glenn seems to be doing SWF for this salary - especially updating you lot. Another Aim lifestyle scam
Any lth knows that Glenn wants out of this. No way is he leading a drill campaign. The silence for me is some form of deal in the making. No idea what terms it could be, but something is occuring. The idea that the company would have stayed radio silent during the gold price run because they cannot be bothered is for the fairies.
Question for long time holders.
Who would buy LND? And why? Serious replies only.
I see Landlord have stopped tweeting after getting lots of negative comments from disgruntled holders.
Personally, Glenn is doing nothing and is useless
Started: Jungian, 25 Apr 2024 17:05
Last post: Rayte, 28 Apr 2024 21:03
That was obviously a typo and I meant 'lose'.
I do have a day job and sometimes done look over my messages. As a PI I don't like to see other Pi's get shafted. We've all been there
Rayte:
"Anyway last post. Bye fellas and wish you luck. As I PI I dont like seeing other PI's make money"
What a nasty piece of work you seem to be...
Give me empirical facts why this is a good investment and not a trade?
Spoke to GF recently?
Anything?
TIA
We'll need more than good luck if as you predict this Company "will soon be out of business".
Nothing like a bit of transparency - ramp the a**e with posting bullish nonsense. Then bail and diss the feck out of it.
And yes 3p was my target. Rally (pump) ran out and it was time to bail.
Anyway last post. Bye fellas and wish you luck. As I PI I dont like seeing other PI's make money
Started: Rayte, 25 Apr 2024 18:17
Last post: Rayte, 25 Apr 2024 18:17
Why I bailed. Was just a punt on the rise. That soon ran out and sellers have returned, as there is nothing to hold for. They have no money or way to fund a drill and a glorified account at the helm to lead the way after years of spectacular failures.
Hoping for a buy out. You may as well buy a lottery ticket.
The website is absolutely dire
Started: Rayte, 25 Apr 2024 11:30
Last post: HillparkTC, 25 Apr 2024 16:23
If there's any justice/satisfaction in this saga for all the LTHs then there will be a RNS at 7am one morning stating trading in LND stock has been suspended. Pending shareholder formal approval to a deal already agreed in principle.
Pumped on twitter. Anyway, out for now. See nothing happening here and doing some DD I was horrified at their incompetence
How do you know he doesn't do anything if he doesn't update the market?
As for the pump and dump, if there was anything that represented a pump I missed it.
You can't be pumping if you're not saying anything, surely?
With a bit of luck he's entered into some form of non-disclosure agreement whilst discussions/negotiations are ongoing. Hence the lack of updates.
AR is usually always published in May. Maybe not this year, eh??
Interesting 77777 trade.
He doesn't do anything or update the market. Out for now. Will monitor
Trade not bye🤷
250k after hours bye there
Glenn needs to sell this business and quick fire. They are not capable on their own. Full sale is best way foward
Hibernation ending?
Spring shoots?
Drilling going well??
Update would be good??
There is substance to rumours
Holding to see
Actually bod has the point
Total pump and dump
The board are useless. Gold at 2350 and look at the share price.
Davey Burton strikes again
He has got a point BOD. Whats in the ground is now worth 28% more than 3 months ago and that kind of changes the scenario here. Surely there must be a JV partner whos willing to help. Or a flash sale. Who knows but a rising tide helps raise stranded boats as the saying goes
Just like what lithium's price boom did for lithium explorers, the gold price rising like it is will no doubt do the same for gold explorers. I can see this multi bagging from here.
How high it goes will be down to the BOD and the next possible RNS.
That's fair enough. Why not dump the rest of your shares and put in a recovery stock.
Sitting and hoping? Surely something back is better than nothing is you have zero hope for LND
Don't care where it's coming from (dburton, telegram, boiler room), just wake me up when it's over.
The terms of reference of the Remuneration Committee are to:
recommend to the Board a framework for rewarding senior management, including Executive Directors, bearing in mind the need to attract and retain individuals of the highest calibre and with the appropriate experience to make a significant contribution to the Group; and
ensure that the elements of the remuneration package are competitive and help in underpinning the performance-driven culture of the Group.
This is off their website. Have you ever read such self serving anodyne rubbish. The so called committee are
directors, awarding themselves massive salaries, share options etc for what? 1.5 million oz and a 2,5 p share price!
I love the bit about performance driven culture, straight out of 'Management Speak for Dummies'
You really couldn't make this up
Started: Candlestick, 12 Apr 2024 09:34
Last post: Candlestick, 12 Apr 2024 09:34
Despite almost perpetual disappointment for shareholders over the past 2 years, what was in the ground is still in the ground. Chart looking good right now as well.
https://x.com/candlesticks18/status/1778691199794106523?s=46&t=ipW7IMp6GVgCsYSTs_Wd3g