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Gold at a record high, Landore at a record low. Management good at giving themselves loads of stock options
Not so good at actually managing. If anyone can remember 'The Three Stooges' Well here they are
Even Storm Exploration getting up off its backside over the last month.
You have to be impressed just how consistent David Burton has been over the many years he's been ramping the backside out of this stock on a nudge, nudge, wink, wink basis that he knows something we plebs don't.
Consistently poor that is, with a reputation in the gutter.
Hello Landore
Everybody who owns a company with an unloved gold asset will see this and think Barrick are talking about them but
Looking for something in Canada.
Upside potential/expansion is how Bristow has always added value, both at rand gold and barrick. Pay for a small one that might be a big one and make it into a big one.
If the soil sampling is to be trusted there's 4-6moz open pit. If it goes to depth as greenbelt does, there's millions more ounces below.
https://www.youtube.com/watch?v=S7mf82iOzAE
It’ll be interesting to see where the gold price settles at, can easily see the $2500 - $3000 range and that should put an absolute rocket to the current Mcap here.
Still elephant in the room is the 2 moz resource estimate that’s supposedly required to get this sold, will landore need that size of resource at a good price of $2500?
Who knows, certainly an interesting prospect at these levels.
“Leak” no leak here. This is the wise ones picking up a stock that so oversold and unloved it’s untrue. The gold price it’s what’s bringing them here and you can’t blame them for mopping up shares when LTHs have thrown in the towel.
I wouldn’t put it past the board to F this up but they would have to completely incompetent to not get the SP going north with gold at all time highs and rising.
Looks like a leak.
I spoke too soon. Two trades today. Two!
I also noticed today that Claude's main contribution for his time here, the change of branding from blue and red to green and gold has been undone on the website!
Back to blue and red!
Up next, Bill comes out of retirement?
A fortnight since David Burton said Landore would soon be VERY noisy.
One whole trade so far today. Where are my earplugs?
'New presentation due shortly'. 'Pushing the PR boat out'.
So far, two weeks on, nothing.
https://twitter.com/DavidBurton1971/status/1758439771691467096
On 4th January Glenn said
'The Board of Directors are confident that we will have a year of progress in 2024, with our operational focus being on the Company's highly prospective BAM Gold Deposit, seeking to bring the Resource to the development stage.'
Seeking to bring the resource to the development stage?
It appeared that with the strategic review they were basically told 2moz and PEA before we want this as a mine. Bill said so in that interview winter 2022.
Do a bit more exploration work with somebody else's money and accept a share of the profits if it goes well and becomes a mine? A drilling plan is ready to go.
Joint venture incoming?
Interesting to see if our 2p buyer gets fully filled today so we can move back up. Placing at 2.4p was only 6 weeks ago.
I think it will be bought out on the cheap source . Canadians will purchase this asap . There’s a background buyer already at these levels.
Directors need to forego salaries for a year or two till they fix the mess they themselves have cause. For them to keep running down company cash is ridiculous.
Its the VERY LEAST shareholder should expect.
Agree - will be purchased / taken over . Price being held back to fill 2p orders.
Sickening what’s happened here … I just keep thinking would anyone pay anything for the current resource , as we will run out of money again soon so that might be the only way to get any money back
Next bit of positive news will see this back to 5p. Multi bag this year for sure. Asset value on the balance sheet has been totally discounted now at 2p. Reversal on the cards here. 2p is total nonsense.
Helium One doing 1000% + in a month....it's the kind of turnaround that's needed here.
Their chart looked even worse than ours did a month ago.
Come on Glenn. Rabbit out of the hat time.
Yeah - led many into complete disasters -- all just for him to make a grubby buck...
I do try to avoid personal attacks and I know he does post here sometimes, but David Burton really does say some daft stuff doesn't he?
Constantly implies he's got insider information and that there's something major about to happen. Ok David. If you say so.
https://twitter.com/DavidBurton1971/status/1758047274431610898
Back to the 'gold everywhere' days by the looks of it.
More soil sampling. More potential.
On the radar of a sizable account again.
https://twitter.com/DDS_DocHoliday/status/1756988813685973459
Rollover of 500k shares. Not 2 buys
Somebody scooping up a million shares here today.
Otherwise it's been like a ghost town this week.
Let's hope Glenn is VERY busy behind the scenes.
There's been a lot read into Landore RNS over the years. I'll believe it when I see it.
A ten bagger is still a disaster for many, can see why people would buy this right now. 8-10 bags just to get to drilling cost and they've been largely successful with the drill.