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To be fair I am down a small bit here.....near .£87k invested and £85k returned ..despite successful trading / hedging to limit the drop...and I would like to top up again and this is an attractive entry point for at least a trade and a core hold to take me hopefully into profit.
The only thing that has prevented me today is the feeling that when the for sale sign was advertised, we didn't actually get anyone in the Nrth Am area trying to bite our hand off...which seems to suggest the our current SP is unlikely to appreciate in the short medium term. just can't see any near immediate catalysts....so looking elsewhere for the time being......bet I'll be proven wrong lol.
JB73, I suspect he's feeling no different to anyone else - like me - who has been a loyal investor here for past 15+ years.
Not so sure he's done "a good chunk of the work" having only come on board when Prickett headed for the exit door.
And Glenn has at least been remunerated for his efforts.
And I assume will do very nicely with Options should an end game be forthcoming later on in the year.
Hope springs eternal.
Assuming it's true HillparkTC (and I have no reason to doubt it) you've got to imagine Glenn must be fuming at this stage.
Do a good chunk of the work, massive opportunity cost, anybody who cares to can pay 1/4 of what you did for shares.
Absolutely ridiculous situation.
There is a longstanding LND poster on another site that genuinely appears to have the ear of Glenn (now way past normal retirement age).
FWIW this is what he posted recently, and makes sense to me. Don't think there's the funds in the kitty to recruit 2 new main directors.
"Glenn wants an exit - he's had almost £1mln tied up here at average just shy of 50p for over 15 years.
No way they partner into production - they are an explorer and will sell."
It's the failure to tackle basic marketing stuff that's most ridiculous.
Bill actually seems to have believed 'the big boys' when they told him that the website is perfectly decent.
No doubt 'the big boys' do genuinely like the website. It's such a terrible shop window that it repels new potential shareholders and leaves the share price in the toilet. That gives them a major negociating advantage.
All in all, it's just a crazy thing to have ignored. It's nothing short of grossly negligent given the current share price. The level of stubbornness about such a cheap and simple thing to fix? Insane.
I believe majority shareholders have put pressure on Bill and it has worked. Headhunting, interviews, negotiations etc take time. Particularly given LND's inability to do anything remotely quickly. But rumour is this process is well underway.
We have a really good asset(s)
A decent but not massive cash balance in the bank (at least a couple of million)
Gold price is high...
Just needs some actual strategic direction from the company (not from Bill - the new guy) and we should move off these ridiculous lows.
New lows incoming .. what a mess.., I wonder if majority shareholders are putting any pressure on Bill as it doesn’t seem to be working
I think you may well be right HillPark.. and, in the interim, that the market gives their management performance here a big thumbs down may well be academic to them...as they understand themselves to be older and wiser.. they're certainly older.. here's very much to them being wiser too.. only time will tell .. (this game mostly about mathematical probability imho)
I don't think Bill or Glenn are the slightest bit interested in finding successors.
They are only interested in finding a buyer that meets their valuation.
It is starting to appear Samroy, that the only news that's going to actually shift this upwards into a more sensible range is Bill officially retiring and a replacement being installed.
Root lake royalty money. Lithium deal. Cenkos sacked. Other gold explorers moving up. Nothing is starting a new uptrend. It's stuck.
Bill mentioned in a podcast that they'd been doing succession planning for him stepping down years ago. That he was never really supposed to be CEO, just that they couldn't really afford a CEO at the time, so he stepped up.
It's been months since he spoke about more time on the beach. There must surely be some likely candidates by now? It's obviously got to be the right one, but come on. Give Eric a call FFS- he must know somebody who could pick the ball up and run with it?!
Time is of the essence. The bull market is well and truly on again and this just sits here. I've been living through GDX for almost six months. It was a joke some way back. A total refresh is due. Junior Lake deserves it.
Thankfully you continue to add Samroy, as we'd be lower again if you didn't, seemingly...
Certainly putting your money where your mouth is; that's one seriously punchy bet you have on here.. I hope it works out for you.. it could do ... anything can happen in this game.. so who knows really..
(not to mind not go up.. or stay the same even, lnd.l goes down while others have 'blasted higher' speaks for itself... that article made me... sad... really)
https://www.mining.com/web/gold-stock-upleg-immature/
Took more of these last week up to almost 1.4million now. I Keep adding. One day it will pay off imo.
Here part of the article from the link above.
With gold stocks’ powerful upleg gathering steam, more traders are piling in to chase this sector’s big gains. Plenty of fundamentally-superior mid-tier and junior gold miners have already enjoyed doublings in recent months. As mounting capital inflows accelerate gold stocks’ surge, smart contrarians who bought in early are wondering how much longer this upleg can run. Interestingly it still looks immature on multiple fronts.
Gold stocks have blasted higher in quite a rally over this past half-year or so. The GDX VanEck Gold Miners ETF, this sector’s leading benchmark, has soared 59.6% higher over 6.5 months as of mid-week! And that remains dominated by major gold miners, which aren’t as responsive to gold as smaller ones due their hefty market-capitalization and huge-production inertias. Still GDX usually amplifies gold by 2x to 3x.
Since late September, the yellow metal fueling gold miners’ earnings has surged 24.5% higher in its own strong upleg. So far GDX’s parallel upleg has leveraged gold’s by 2.4x, right in the middle of its normal range. Gold stocks’ outperformance tends to grow as uplegs mature, stoking more greed and attracting in more traders. The longer and higher prices run, the more enthusiasm generated for chasing those gains.
But the mid-tiers and juniors are faring way better, leaving our newsletter trading books brimming with big gains. One fast-growing junior gold miner we added back in early November when this sector languished deeply out of favor has already skyrocketed 124% as of mid-week! Those fat unrealized gains are joined by plenty of other trades up in the 80%-to-90% range. The getting has certainly been good in gold stocks.
fair enough occams..
Ps; solid/boring would be fine here by me - it's mostly in my p/f towards such balance - as opposed to car crash..
And let's not forget that POG is strong and markets have been tricky/volatile (or just awful in the case of AIM ) and those conditions should, traditionally, see some sort of flight into names like lnd.l.. not only no flight in here, but the opposite even .. sad, really
Problem is most investors are chasing the lithium miners, look at PREM. KOD, even ALL is waking up
today, gold shares are boring in comparison.
just seen this fall in glancing through my p/f .. so checking here for RNS / posts ..no wiser.. a n other just throwing in the towel perhaps.. bl++dy hell..
('sad really' summarizes well my now many year involvement here.... at least annoyed is a stage I've mostly gone through here now.. so chalking it up to living and learning is the best way to go for me - and other long suffering here - now, perhaps)
And new SP lows incoming for Landore
Sound advice....
https://twitter.com/goldseek/status/1646518834923458562
And down she goes
“…Well chosen gold miners can offer premium returns above the gold price and a more rapid appreciation than the product they sell. Investors looking for value might look beyond the mining majors to small gold miners…”
Below we pick out a 14 small cap gold miners worth watching :
#CHF #ECR #EEE #GRL #GGP #GUN #LND #LEX #OMI #PALM #POW #SRB #SHG #THX
https://total-market-solutions.com/2023/04/is-the-gold-rally-here-to-stay-14-small-cap-gold-miners-worth-watching/
Page 40 has the gold response ratios charted onto a map, and is the most useful for those with little time. Excerpt figures of that should have gone into the RNS...
Looks like a good report but nobody has read it all by 8am!
https://www.landore.com/pdf/04_2019-2022_230331_Soil_Sampling_Report_Final2_ap1-2.pdf
Interesting to hear talk of JV or whatever on the base metals front. I did wonder if they might and that makes sense to me. Raise some money, narrow the focus to the gold and get that sold into a raging bull market!
Easy enough then to let the whole PLC go with some slice of what other companies are doing on lithium/nickel or whatever than trying to develop those in house.
CPI lower than expected.
I continue to live through GDX. The sector is doing well. Gold up, inflationary pressures of getting the stuff out of the ground going away. The good news hasn't arrived here yet, but it will at some stage.
It's roughly a year since Bill was in Australia, rumoured to be having talks with majors/mid tiers. Gold Road Resources was suggested by a poster elsewhere who since appears to have been correct on various news items.
Australia connection. Open pit experience. Their share price is now back to where it was this time last year. That would be important to them as it's how they'd make an acquisition. It is in one of the RNS' from a few months back that management would continue talks post strategic review. Who knows if they are?
Something is going on here as the weeks continue to roll by without news. How long does it take to push out drilling/soil sampling results from last year? Seems well down on whatever the priorities list is that's for sure.
Guessing games continue.
No pro activity on highlighting progress / what’s happening and very low confidence in leadership means this will stay in the doldrums., the only info is tweets about the gold price which is a bit pathetic really .. I really wish some material shareholders could get hold of Bill and hold him to account
New Senior Management coming on board and a re invigoration of the presentation of this company widely would help considerably with its image, many would agree .. and hopefully also the s/p pick up somewhat from new buyers coming on board off the back...
Will such happen this year ?
Decently more likely no than yes, I'd guess... but great if I'm wrong.
(And I'm not talking about a new on the ground resource development project/program implementation manager .. although that would be a smaller step forward .... I'm talking at about a Director - or Managing Director - with strong marketing orientation focus)
PS More generally, there are good reasons why this and plenty similar companies s/p 's struggle badly as a rule these days: I'd offer that the market is more intelligent than ever in the getting mathematical probability of the relatively small number of top tier and mid tier buyers in play versus the relatively - very - large number of 'decent +' target prospects listed - across all markets globally - AND unlisted out there.. not only in the context of buy out / JV probability but in the context of prices achievable for such in a buyers market too ..
That said, towards offering hope/balance too, a few stand out deals happening around the same time and there might me a more general sector s/p re rate, especially from such low levels as we currently have...
incredible potential squandered, one raise after another for misdirected campaigns.