The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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This Goingtomoonufo gimp? Keeps pumping going bankrupt and going down to 1p.....
Someone is still buying chunks of LND today and you have to ask, why have management bought into the Placing?
I had begun to wonder if Claude was deliberately running it into the ground in order to arrange a 'take under'.
His tenure panned out to be absolutely dreadful.
Wouldn't be surprised if Bill was biding his time to bid for the company if it gets cheap enough. Cant imagine he was happy being kicked out.
Some people here suggesting that the project isn't viable in 'an inflationary environment'.
We aren't in one. It's disinflation now and possible deflation scare. Has been for some time.
Unfortunately Peter Schiff 'death of the dollar/hyperinflation' type parrots are popular with gold bugs and have gotten inside a lot of heads. It's an easy to promote message, just not a true one.
See Gary Tanashian's work (notes from the rabbit hole) for a less popular and more accurate view.
Big open pit mines will still pay in the future as gold goes up and costs come down. If Bill hadn't started clowning around two years ago trying to sell and had raised to keep expanding BAM with buyers approaching when ready the mess wouldn't be half this big.
Well the way to look at this is about to go tits up or we could try to survive the last bit
The lag group have proved disastrous they wanted bill out got their way and now look where we are.
If the alternative is administration, then the bandwidth for additional share issuance will be approved at the AGM imho...
I'm with Hillpark's post of 8.50 am.. there is probably, even in these latest awful circumstances, some sell on value here.. if even to another small cap explorer.. but Glenn and Bill and other shareholders taking say for eg 10m gbp to sell up in coming few months probably wouldn't happen around now, even still imho..
My guess is the first thing they'll do is run this co. on fumes in the short term and sit and hope market/sector sentiment changes thru 2024.. I'm ok with this.. and absolutely don't want a new ceo in in the short term..
PS: In picking Claude they bought into his strategy/vision.. so in my mind this was just one more very bad call from Bill and Glenn.. and, as ever in life, there are consequences to bad calls..
I assume the £600k will keep the company solvent & legal (for a period of time). If £600k not raised then the alternative is curtains.
Can see a fire sale being sought.
For sure - they are not going to be able at attract a new CEO.
Bit confused what they think £600K will achieve. Do they have a cunning plan?
Will it be approved at GM considering the previous active shareholder group?
Surely at this almost unbelieveable low mc & valuation this must NOW be hot target for take-out by cash rich producer? Hostile approach if nowt else?
It’s pretty obvious to be honest with you that half 1 million is not going to get us by. And in fact, we need a lot more… pretty obvious so that’s why I’ve say one p they really messed us up
You're pretty insistamt that we hit 1p.
You have a short don't you, you scuzzy little sh.1.t
So once we hit 1p then we will get the money, but this has been a total crap show
Hopes and dreams have left the station. This is not a viable project in the current macro environment and will not be without changes outside the company control. It doesn't matter if the gold price is $2k if the setup and ongoing cost of a mine are too high. The first placement failing was the clear sign to leave.
Claude presiding over worse share price damage over six months than Bill did over any six month period and starting out from an already dreadful level.
The old guard both helping themselves to another 1.25 million shares each.
Either they are both seriously stupid or they did hear something they liked in that strategic review from somebody and all is not lost.
Bill coming out of retirement? ;-)
Glad to seem him go. A drain on cash resources and clearly not as capable as he made out in his CV. Delivered nothing but a mess since he joined.
Surely now the focus has to simply be get BAM proved up to 2moz and sell it off. With gold at $2k per oz, this has to be a bargain ready for someone to snap up in a fire sale.
Or that’s what I hope anyway so I can recoup something (will be at a material loss no doubt though) in my lifetime
Problem is the mkt has had a sniff that company needs funding hence sp destruction.
Https://total-market-solutions.com/2023/12/20-mining-companies-for-2024-part-ii-g-z/
I hope this is all priced in....and "medium" term we rally....if I had to place odds...I'd say 66/34 positive! so I hold but with a weak buy call???
GLA
Straw clutching shouldn't be happening here now. If they had other discussions and options ongoing they'd have said so in the RNS. Landore is at the whims of the market now, it's going to need the market to bring it up. There's nothing else they can do.
CEO has a lot of questions to answer, honestly it's wild the pitchforks aren't out yet. This guy, his marketing director and new board members are all taking a salary, while this goes to a mcap that makes the next raise likely to come in at more than 50% dilution.
I will say something constructive. They are not cash strapped, fortunately , after the disposal of the lithium claim blocks. This buys them some time. They are also constraining costs to conserve cash. It would not be accurate to suggest that they are about to go bust anytime soon.
Say something constructive buddy, this company has completely misled us we’ve messed up badly. Just wait because really it’s not long left if we don’t get our act together
@Goingtomoonufo you keep telling us its got to go to 1p. Are you short? or just a moron
Well, after a lot of thought, I have bitten the bullet and almost tripled my shareholding at a fraction of the price of my original holing to reduce my average from over 23p to under 10p. It just seems way too cheap. “Buy when there is blood on the streets” etc. Its got to recover at some point. The gold is still sitting there. They have enough cash to sit it out.
And indeed I think they will help out the juniors....especially in the M&A inc. JV space........perhaps we could get a JV (be great if we could keep 35% and a reasonable NSR for e.g. CAD $50m spent on resource expansion to e.g. 3m ozs. AU?)......or am I just clutching at straws?