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Looks like a leak.
I spoke too soon. Two trades today. Two!
I also noticed today that Claude's main contribution for his time here, the change of branding from blue and red to green and gold has been undone on the website!
Back to blue and red!
Up next, Bill comes out of retirement?
A fortnight since David Burton said Landore would soon be VERY noisy.
One whole trade so far today. Where are my earplugs?
'New presentation due shortly'. 'Pushing the PR boat out'.
So far, two weeks on, nothing.
https://twitter.com/DavidBurton1971/status/1758439771691467096
On 4th January Glenn said
'The Board of Directors are confident that we will have a year of progress in 2024, with our operational focus being on the Company's highly prospective BAM Gold Deposit, seeking to bring the Resource to the development stage.'
Seeking to bring the resource to the development stage?
It appeared that with the strategic review they were basically told 2moz and PEA before we want this as a mine. Bill said so in that interview winter 2022.
Do a bit more exploration work with somebody else's money and accept a share of the profits if it goes well and becomes a mine? A drilling plan is ready to go.
Joint venture incoming?
Interesting to see if our 2p buyer gets fully filled today so we can move back up. Placing at 2.4p was only 6 weeks ago.
I think it will be bought out on the cheap source . Canadians will purchase this asap . There’s a background buyer already at these levels.
Directors need to forego salaries for a year or two till they fix the mess they themselves have cause. For them to keep running down company cash is ridiculous.
Its the VERY LEAST shareholder should expect.
Agree - will be purchased / taken over . Price being held back to fill 2p orders.
Sickening what’s happened here … I just keep thinking would anyone pay anything for the current resource , as we will run out of money again soon so that might be the only way to get any money back
Next bit of positive news will see this back to 5p. Multi bag this year for sure. Asset value on the balance sheet has been totally discounted now at 2p. Reversal on the cards here. 2p is total nonsense.
Helium One doing 1000% + in a month....it's the kind of turnaround that's needed here.
Their chart looked even worse than ours did a month ago.
Come on Glenn. Rabbit out of the hat time.
Yeah - led many into complete disasters -- all just for him to make a grubby buck...
I do try to avoid personal attacks and I know he does post here sometimes, but David Burton really does say some daft stuff doesn't he?
Constantly implies he's got insider information and that there's something major about to happen. Ok David. If you say so.
https://twitter.com/DavidBurton1971/status/1758047274431610898
Back to the 'gold everywhere' days by the looks of it.
More soil sampling. More potential.
On the radar of a sizable account again.
https://twitter.com/DDS_DocHoliday/status/1756988813685973459
Rollover of 500k shares. Not 2 buys
Somebody scooping up a million shares here today.
Otherwise it's been like a ghost town this week.
Let's hope Glenn is VERY busy behind the scenes.
There's been a lot read into Landore RNS over the years. I'll believe it when I see it.
A ten bagger is still a disaster for many, can see why people would buy this right now. 8-10 bags just to get to drilling cost and they've been largely successful with the drill.
Good god. Is there actually some buying?
It's all down to Glenn now. Let's hope he's still kept his foot in the door somewhere they had genuine interest.
From RNS 4th January;
"as well as exploring potential strategic investor, merger or sale opportunities in relation to its Canadian subsidiary."
"Despite a period of significant challenges and difficult market conditions, I believe the opportunity exists for the Company to reset its goals and restore value for shareholders."
"Restoration of value" mentioned Samval. Your comment r.e pragmatism was perhaps already understood by Glenn. Looking to exit without a total disaster rather than with a ten bagger by the looks of it!
Can't disagree with that one. Bunch of know it all types. As said on here plenty before, Bill did not once ever fail to raise money.
Quite sure he'd have got the next trench required in early 2023 and at a price that was drastically higher than the current shambles price.
Glenn buying in just a few months ago at 4x this current price mind you. It's insane.
Looks like oblivion beckons, seems ousting bill wasnt the smartest move the lag
They were confident enough to down tools at the start of 2022 without raising money for plan B, drill on.
Bill said in the podcast at the end of 2022 that people would continue talking to them and that they wanted to see it grown to 2moz with pfs. The share price was 18p not long after that and also around September 2022 by which time they must have known they needed to do more work?
If they'd just gotten on with it last year rather than bickering about the strategic review failure and spending six months getting rid of Bill, appointing Claude and fiddling around trying to do a dual listing we'd probably be half way from 1.5moz to 2moz and PFS by now.
The management who did effectively nothing last year are heavily invested here too. They appear to have fallen out so drastically during the strategic review that they favoured 'changing the wallpaper' in 2023 over just getting on with the geological work. That suggests the greed explanation to me Samval, but we are all guessing.
JB said it well, no one really knows what happened when they tried to sell the asset. Theories range from no takers, to too greedy, to massaged and unrealistic stats in the PFS. New and uncharismatic CEO brought on board to bring this up to scratch after the failed sales process and he stuffed up the raise.
This was in my watch list for a while around 12 - 15p , looked a solid firm with good prospects.
I avoided a dog
Nobody obviously knows besides those two what actual interest they had back in 2022/early 2023.
If there was an offer or even the prospect of a 'low' offer at a premium to the then share price (40% ?) and Bill expected 500% hence falling out with potential buyers then they have well and truly screwed everybody, including themselves.