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Drilling commenced on July 26th FYI
https://twitter.com/landore_plc/status/1559060141399588866?s=20&t=AeCl9vzhyASffjIn2PT_lg
They commenced drilling on the 20 July, so a month in.
Hidden sell order is my guess. If so it will appear later
More buys than sells, marked down ?
Any sniff and the market will be first to know
Watch price action
Nothing going on right now apart from further drills
Any potential suitors and sitting on hands with poker faces
May be a while yet
A sudden bid usually locks out traders unless there is of course a counter bid. My biggest holding GLO, an income play, that was so obviously undervalued, had a bid recently. However, I was amazed no counter bid.
But the point is the SP shot up instantly 30% and that was to the T/O price. Anyone that bought on the day would now be out of pocket as the price then dropped back. So they are now locked in until the deal completes.
But with LND the odds were always leaning towards one more drill. That’s one of the reasons I sold as it adds a time gap. Yes it’s a gamble as a bid still could come. However, buying back at under 20p was fortuitous.
I would have paid more as timing my reentry was more about getting in before the drill results and next ‘rush’ and I would have paid whatever the SP was at this juncture for that. I had this on my trading calendar to be in by September.
That gave me this month to use my woeful TA skills and to flip cash from elsewhere to build my position ahead of September.
Anyone reading this and so inclined after DYOR has the same opportunity to get just as lucky!
I intend to do the same over at HEMO later. I did the same adding to ONC just timing as I see pivotal dates.
Simple and not really that scientific.
One can then also take money out on the rise or ahead of results if so inclined. After all good drill results may not = a bid.
I often derisk ahead of a binary event such as a drill in the case of Oil/gas explorers. A tactic that has served me well but I don’t see Felix as binary. Far from it!
I am amazed to still see selling here and that others, especially those that follow the sector haven’t clocked LND.
Oh well, if it stays low in September I will then have some divi income to park in here!
Good luck with your investments
Usual caveats
Trek
Bid or no bid we're in good shape here and two significant facts are about to move our intrinsic value;
1. Our Nav is currently based on an Eastern and Western pit model with 800 koz of mine-able resource therein. Drilling plans show our intention to infill the gap between the two and to extend at depth, the objective being to join the two pits into a larger single pit which will inevitably have more resources within it. These actions should put substantially more resource into the mine plan and thus more value on the Nav.
2. Our Geos / Cube and Bill himself believe in the repeatability of the deposition style of Bam along trend. So far this is a theoretical concept -albeit substantiated by ground sampling and their understanding of the structural geology- so to be fair it is a little more than a theory at this stage. However it isn't yet a proven fact and until it is the market must view the potential as a possibility rather than a bankable reality. Only drill hits can prove the theory that this really is a 3-5moz potential resource. Our drill plan, assuming we hit gold at Felix and beyond will show the market that this idea is indeed substantiated beyond the level of a very reasonable theory held by a number of very knowledgeable and respected Geos.
If we can verify this significant fact that the deposition style repeats along trend then Junior Lake scales up dramatically and becomes a very different level of prospect. Substantially so. In Bills mind it is already but he knows the market or a buyer wants proof. We'll soon know one way or the other and we all know what Bill's money is on.
I'm not so worried about a sale. This will sell, however if it doesn't we should see a quantum leap in value based on the expansions of both the Nav of our project and our exploration potential. If we have no sale by January and good hits at Felix I would expect our BOD to be seriously pursuing a joint listing in Canada and possibly in Australia too. These markets know exploration and are full of new investors who don't buy on Aim but who would see the potential in the Junior Lake project.
The fundamentals are moving forward at pace regardless of the strategic review.
Mattja thinks that a sale event will shut out some traders. I agree and would add that any major progress at Felix might do the same thing. An explorer with 3-5moz is going to be valued upwards of $200m Canadian and far more at sale.
We've seen an unexpected bid for a multi-billion dollar mining company in the last few weeks. The company in question were not actively looking for offers.
https://www.reuters.com/markets/deals/oz-minerals-rejects-bhps-58-bln-nickel-copper-play-undervalued-2022-08-07/
Playing chicken with a few weeks here? Given the very real risk that a bid comes in earlier than expected and you're locked out? That does not strike me as particularly 'smart'.
I'd say it looks more like the behaviour of people who have a gambling problem and are rolling the dice for excitement.
Before anybody says 'but there will be a leak and the chart will tell me about it' I'd suggest you go back and look at the Oz Minerals chart. It was actually trending downwards and only shot up AFTER the offer had come in. Much bigger companies were involved, which logically means that far more people were aware and working on the offer. The chart knew nothing.
Go ahead and leave it until what you believe is the last minute if you like.
You may be lucky and get away with it.
Or you may not.
Looks like they all bailed when 20p didn't hold.
Smart money IMO waits 3-4 weeks now, nothing gained while this likely drifts a little from here. Not that I've ever been one of the smart money in my 10 months in Landore, two opportunities to get 30p that I didn't take.
I'd just be happy to see less Earl's here tbh Trek, price wise Landore is elite value mcap Vs resource and doesn't need them. I am excited for phase two of the strategic review, it would be good to see some front running before October.
Those 100k sells yesterday took the wind outa this one. Don’t worry gonna have another pop soon.
Funny how it works I had this one and GCAT as the bankers being PM’s and DEC/PAY/ONC/SAVE/TXP as outsiders but the others have moved and these PM’s have held yet PM’s were the sector leaders earlier today.
Hope it’s not waiting for news one would expect a at least traders to be taking positions now.
Still early days!
Usual caveats
Trek
Bye for now Earl, see you again back end of September for the strategic review run up. That'll be an easier 10% (IMO DYOR etc) :)
“ charts looks good ”
Haven’t you noticed how all Zac’s charts indicate the company is about to go up!
Yet when you look at the graphs the overwhelming majority are down. ORPH is a case in point I know it well having bought at 6p and sold in 20’s after it started to drift back down and yet Zac has always called it and others higher.
Eventually they will of course hit the bottom and either DDDD or bounce and he will soon be right.
My view fwiw the chart here takes us to 25p not 34p. News takes us to 34p. But I do think the bottom is at last in!
Oh I didn’t do too bad calling TXP from 57p to 114p or ONC to recover recently or COPL to fall (will bounce soon).
Usual caveats
Trek
jh2704
only 20% in sticky hands, rest 80% will sell when Sp hits 100p+
so yes A buyout is possible, This is not a private company its a public company, the name tells anyone can buy any public transport company’s, hence Not all successful companies goes public.
that's the side effect of Plc, no quarantees of holding it down.
No chance of a buyout. Not many shares around Most in sticky hands like bill. So the only way to get the assets is to agree an asset sale with the bod
It’s been engineered this way by bill and the bod
someone with deep pockets could buy LND out,
lots of buyers wanting this,
This will bag a few times imho. Then investing will become fashionable again. At least here lol
Mores the pity,the market is riddled with earls.Investors are as scarce as 'rocking horse manure' at the moment.
Earl is back for his 10%
charts looks good
https://youtu.be/pW0uBcTKN1w
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LND to cheap