The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Must confess UR that I hadn't recalled that particular statement - in what was a long-winded RNS full of typos and gave to me the impression had been rushed out.
Immediately before that particular statement the RNS also says:-
"Cube Consulting Pty Ltd ("Cube") has been engaged by Landore Resources Canada Inc. ("Landore") to complete an 'in house' update the BAM Gold Resource to include the 2019 drilling campaign."
So, to me, it's a tad unclear what's going on and when.
Let's hope we at least get a resource update in Q4. Although that will probably do Jack for the share price performance.
Something else just come into me head........ WHY have the outside consultancy been engaged by Landore Resources Canada Inc???????????? And not not the company we directly invested in & hold shares to? Appreciate it's a subsidiary but even so............. WHY?? Another rinky dink accountancy scam of RPs??????
Mads,
The RNS in October stated that updated Resource, Tech Report and PEA were due Q4 2019 however the last RNS states...
‘The proposed update of the PEA and preparation of an Independent Technical Report on the BAM Gold Project has been deferred until additional resource drilling has been completed on the new targets identified by the 2019 soil sampling program’.
I had resigned myself to waiting for all 3 reports next year but thinking about it any step out drilling will be relevant to PEA and TR and not updated NI 43-101 so yeah you are right and we could still get it this year. If so I am sure it will be this week for exactly the reason you state.
Here’s hoping for that 1.4.
Regards
Hi UR - would be surprised if meeting lasted more than 5 mins given Lamaune's been effectively a dormant Company for past 8 years. Hence why I was also surprised meeting was held in Canada and was hoping that was a sign that there'd be other far more important reasons why they made such an expensive & lengthy travel for a 5 min rubber stamp exercise.
Of course we still await the resource update promised during Q4. Logically you'd think that has to be next week. Hard to believe they'd release that on Xmas week or during the festive period between Xmas and 1 Jan when the markets are generally in holiday mode and it'd not be the best time to maximise investor PR.
But this is LND...................... share price activity & investor PR - don't think that they give a t*** about that subject!!!
Evening Mads,
Did you get anything through following the AGM? I presume nothing significant occurred and it was just the usual all motions passed kind of meeting.
Cheers.
A suspension is almost guaranteed IF/WHEN they ever receive a formal offer.
Will a suspension ever happen? I have absolutely no idea. But I live in hope.
All I'm saying is don't expect the promised Q4 Landore RNS to be issued over the 2 days when they are in flight to/from Toronto or on the day they are tied up holding a Lamaune AGM.
Well Mads, you have been thinking that we could see a suspension for a while.
You never know!
All I'm saying is to publish any material info to a shareholder base that exists mainly from the London Exchange when they are both out of the country in Canada and therefore not best placed to be in a position to deal with financial journalists (always been historically London based with LND) and/or major shareholders......... doesn't make sense to me.
And also not whilst they are spending 2 days round trip making lengthy travel before & after seemingly meaningless AGM.
The ONLY time what you are saying would make sense to make announcements on the day of the AGM in Canada is IF they actually wanted to be difficult to make contact with. A suspension perhaps????
Mads,
I agree and that’s my point. No doubt they are there for something more significant than just the L. Agm and so the timing of the release of price sensitive info may be v important. The updates are scheduled for q4 as you know so Due anytime anyway and so makes perfect sense for release on or about the same day IF what we suspect is fact.
Hi UR
I'd be surprised if they issued any RNS via AIM when they were actually in Canada for a meaningless Lamaune AGM. That would seem slightly silly & not the best timing to me.
I was thinking more along the lines that as they are both planning to be in Canada (1st time ever together??) and I'm HOPING that is signalling the possibility that they are in Canada for something FAR more exciting than a Lamaune AGM.
I guess what I'm really hoping for is we get evidence that they are now entering into the end game.
Delboy, sorry, Nice,
Any thoughts about next week, Chinese apart?
Wish I had a couple of bob for another tickle.
UR
Afternoon Mads,
It does indeed and so I, like you, am indeed watching this space. I think there is a fair old chance of an RNS either on Wednesday the 11th or Thursday the 12th (Agm date) giving the market details of the updated NI 43-101, details of recent soil sampling and other results (are we awaiting further assays which will not form part of the new resource estimate) , and finally the upgraded PEA detailing (I presume) the extended or newly extended case?? Note that Toronto is 5 hours behind us so a 7 o’clocker would hit us at around noon.
In anticipation.
Regards
UR
I still think it beggars belief that they're making a 2 day round trip next week for a 5 minute rubber stamp exercise.
Watch this space.