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You could of course be right UR about another solo year ahead. I still think not. And certainly hope not.
If you are right then surely they would have stated far more about what drilling & exploration plans they had, with timing etc. They have been VERY vague on that. Why? Can only be 1 of 2 reasons imo. 1) they really have no plans to carry on solo or 2) they don't know how or when they will have the CAD 6.5 million funds to be able to do so, so can't give timings until they have funds in place.
The presentation today is more or less a minor re-hash of the previous one with a few additional facts & figures from PEA. My original thought was it had been produced solely for purposes of presentation material for/when fundraising exercise. Now, I'm not so sure that's the case.
Still have this little niggle of why would GF buy on the open market when he'd be required to participate in any forthcoming fundraising? After all, RP never once in past 15 years bought on the open market. Just a thought!!
Hi Mads,
Yeah you are right. I read the 2020 plans contained in the document ( heck of a read eh!!) which are pretty much what they were threatening to do pre revised PEA and tech doc. I can only presume the next RNS will outline funding details to the tune of whatever is still required to reach the 6.5 cad. Not certain what is in the kitty but pretty sure there is still some left.
I am going to stick to me guns Mads. We have an interested party imo but we have not yet passed a certain threshold re resource and further potential. If and when we reach that then it’s game on but it seems pretty clear to me that we have another solo year.
........ and they will NOT want to get the SP up............ IF......... they are planning a massive fundraise for the CAD6.5 million. As it'd only mean they'd have to fork out more from their own pockets to participate - not to mention make any fundraising less attractive at a higher level to any major investor(s).
But they WOULD want to see a steady rise IF they thought they were hooking in any prospective takeover offer. Let's face it - the current sp must be an embarrassment at these absurdly low levels for them.
No, not anyone making a formal offer, at any rate.
Maybe, just maybe, & hopefully there's been loads of informal approaches & registering of interest.
When I first saw the presentation RNS this morning I thought "oh sh*t". More digging. More fundraising. More dilution of sp. Then when I actually read the material there's virtually no reference to any of that. And forward planning just got the merest mention of the CAD6.5 million in the whopping 300 page technical report.
The buying of the stock hasn't been massive - but it's been steady of late.
UR - no drilling done that you were expecting in Q1. I always thought that was unlikely. I really don't think they have the funds. Not at present.
They don't have a buyer then, if they did they wouldn't be presenting this on the site.I'm sure that they want to get the SP up but to me it's going to be a long haul
Another way of looking at it UR.............. IF........ it was the case that GF was aware of or involved in discussions that he had high hopes would materialise into becoming a formal deal he would want to load up at the earliest opportunity. He wouldn't want to leave it until just before any announcement, otherwise that'd look iffy. And if he left it until an announcement it'd cost him considerably more to purchase any shares on the open market. Just a thought!!
BTW - I've got a shelf full of LND ARs. And I notice that although last years was mid June the previous 4 years to that the Finals were published in May. Sometimes early May. Probably Prickett had eff else to do might have accounted for the early publications???!!!
Good to know. Assume IF there was any fundraising being planned he'd have waited & participated in that instead.
Radio silence is deafening though as to what's actually going on. Wearing my rose tinted specs - I'm taking that as a positive that talks are in progress. If not - there's sod all else appearing to be happening!!!