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RNS EXCLUSIVE: Cabot praise 3D seismic mapping after successful winter programme

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Member Since: Thu, 13th May 2010

Number of Share Chat Posts (all time): 10,630
Number of Share Chat Posts (last 30 days): 44

Last Posted: Today 11:04

Post Distribution over the last 30 days

Today 11:04

I would imagine dividend chasers are more likely to jump into RRS which would net about 2.45% yield as oppose to FRES which is yielding just 1.78% today. Neither of these two are my preferred dividend plays though, there are much more lucrative options. VED are yielding more than 7% although they go ex-dividend tomorrow
Today 10:54

I seem to recall TRD performs well in March and if you plan to jump in on the day it begins to move you have to be quick. Take your eye off this for more than a day or two you will have missed the boat. My average is 54p and barring a collapse in their pipeline (which we would surely have heard about) I can't understand the current share price. At year lows despite Net Assets up to their healthiest position in well over a year, earning per share on course for around 10.5p this year after a stellar first half. The market appears to have priced in a poor second half performance? What are your thoughts on business in the previous 6 months? The outlook as gloomy as the trend suggests?
Fri 16:18

Well that was quicker than expected - we have raised the capital now to push ahead with further exploration and development as mentioned earlier today. No mention of our other assets but a firm intention to complete a 12,000 metre drill programme to prove up another 600koz at the BAM East Gold deposit

1 million ounce gold resource to come this year and "technical and preliminary economic assessments" later.

My other gold exploration play KRS with a 37% stake (inc director interests) in CAI is likely to benefit from it's own 15,000 metre drill programme this year also which will likely push it's 700koz resource to well over 1 million ounces by the end of the year.

Canadian gold (LND) and Australian gold (KRS)
Landore Resources Limited (AIM:LND), is pleased to announce it has raised gross proceeds of �3.15m through a placing and subscription of 210,000,000 new Ordinary Shares at a price of 1.5 pence per new Ordinary Share with new and existing institutional investors in the Company and the issue of 210,000,000 Warrants (collectively, the "Fundraising").


A total of 196,000,000 new Ordinary Shares in the Company have been placed with institutional investors (the "Placing") and a total of 14,000,000 new Ordinary Shares in the Company were subscribed for by certain existing investors (together the "New Ordinary Shares"), together raising net proceeds of �3.15 million (C$ 5.76 million) at a price of 1.5 pence per New Ordinary Share, a 13.29 per cent. discount to the closing mid-market price of an Ordinary Share on 15 March 2018 (the latest practicable date prior to this Announcement) being 1.73 pence.

� The holders of the New Ordinary Shares will be issued one warrant to subscribe for one Ordinary Share for every one New Ordinary Share acquired by them.

� The New Ordinary Shares will represent, in aggregate, approximately 20.1 per cent. of the Company's enlarged issued ordinary share capital immediately following Admission.

� The net proceeds of the Fundraising will allow the Company to complete a 12,000 metre drilling programme aimed at advancing the existing BAM East Gold deposit to a 1 million ounce gold resource and completion of technical and preliminary economic assessment thereon.

� The Fundraising is subject to approval at an extraordinary general meeting of the Company ("Extraordinary General Meeting"); and

� A Circular to Shareholders in respect of the Fundraising is expected to be posted on 16 March 2018 giving notice of the Extraordinary General Meeting to be held on 3 April 2018 at 11 a.m. at La Tonnelle House, Les Banques, St Sampson, Guernsey, GY1 3HS.

Strand Hanson Limited ("Strand Hanson") is acting as Nominated Adviser to the Company in connection with the Fundraising, with Cenkos Securities Plc ("Cenkos") acting as the sole broker on the Fundra
Fri 04:50

We have palladium, copper and cobalt assets which are early stage but going to increase in value in the coming years. Our gold play may become a secondary asset if LND are able to capitalise on investor sentiment in the cobalt / palladium arena and raise a decent amount of capital to prove up the deposit. It's a variable that only investors here know about but IF the board change tack we may see a surge of investor interest like other major cobalt players have in recent months.

Price of cobalt

Article from the bbc

Last year the German giant Volkswagen tried to corner the market in cobalt. Supplies of lithium are also in hot demand. And copper has never been so badly needed.

And with renewable power like wind and solar being installed at a frantic pace, every turbine and every panel also requires key metals. Add to that the boom in consumer electronics and there are real concerns about future supplies.

With cobalt, it�s estimated that by 2025 Volkswagen will need one-third of the current entire global supply for its electric cars.

Massive new battery factories are being constructed � like Tesla owner Elon Musk�s famous Gigafactory - and they too will be hungry for cobalt.

Bram Murton, a geologist with the UK�s National Oceanography Centre, says that if all the cars on Europe�s roads are electric by 2040, and if they use the same kind of batteries as the Tesla Model 3, that would require 28 times more cobalt than is produced right now.

At the moment more than 60% of all cobalt comes from the Democratic Republic of Congo. For decades allegations of corruption and human rights abuses have swirled around parts of its mining industry.

Last year Amnesty International said there were children as young as seven working in the DRC�s cobalt mines, �in narrow man-made tunnels, at risk of fatal accidents and serious lung disease�. Microsoft, Renault and Huawei were among the companies named as failing to check if their supplies of cobalt involved child labour. They�ve all since promised to improve their systems for checking how cobalt is sourced.
Thu 16:03

Risky play. RRS and other major mining companies located in the country look to have come together and are hitting back, resigning from the FEC. Negotiations to go ahead. The message to the government is clear in the update, these companies have invested billions and created tens of thousands of jobs and are prepared to play hardball unless negotiations are fair. But I wouldn't expect a quick resolution and when it comes these companies will take a hit to their margins in the form of taxes / royalties.
Thu 15:52

Interesting U turn then all in the space of a couple of days. They are right of course the public would disapprove. But it will happen eventually regardless of calls from charities and other beneficiaries. Ex Chancellor George Osborne nearly had the 1p and 2p coins removed from circulation it says in the article but for the PM and his successor seems equally concerned about bad ratings. Safest thing to do is to put your pennies in KRS
Thu 14:36

The market seems oblivious to the update due in the next 3 weeks. A good time to take advantage of cheap prices DYOR
Thu 13:57

I just did a quick google and there's no sign of that in the budget or recent news. Just a Telegraph article from 2016 about tax evasion being a good reason to get rid of the �50 note. They may decide to scrap it true enough but equally they might decide to bring in a �100 or �200 bank note or something of decent weight.

The 25p Crown coin was replaced with the �5 note in the 90s, we saw the removal of the half penny in the 80s and in the early 70s at the time of decimalisation the �5 note had about the same purchasing power as the �50 today. There were in fact �20 notes in circulation at the time which is like �200 today so I wouldn't be surprised to see a �100 note in the future. Having said that we are continually moving towards a cashless society and the drive is very much behind digital payments so who knows :)

Seeing the 1p and 2p coins go isn't a surprise but reinforces the assessment that holding currency for great lengths of time (especially with current bank rates) is a poor choice. Property market is stable but fairly illiquid. The Pound Sterling is being continuously eroded by inflation and excessive borrowing / lending, which impacts on our purchasing power now and in the future. That's why a 25p Mars bar bought 15 years ago now costs 70p today and will very likely cost �1 in less than 5 years time. Removing the smallest denominations from circulation is a consequence of this type of governance and holding precious metals and stocks that produce them is a good defensive strategy.
Wed 17:52

Decent buying pressure into the close today, 159+ paid

HGM performing better than RRS, FRES, HUM and CEY this month
Wed 14:33

Every government has debased the value of their currency since they began dealing in bonds, debt etc. The small signs like we saw this week are when they introduce higher denominations to use for everyday shopping or in our case, removing the smallest denominations. The 1p and 2p coins are to go! Well I will hang on to mine but in case it's clear we are heading towards ever higher denominations and the UK isn't the only currency to do this in recent years. Others will follow I am certain. The speed at which this occurs can cause mini bubbles like we saw between 2009 and 2011 but we could be in the very early stages of a long rally given the global economic outlook and the amount of government borrowing

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