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Have you included severance money for the idiot savant CLaude plus Tania and a couple of others he recruited during his tenure?
Trying to figure out the cash position, this is what I’ve got - be great have some input or discussion on it. Anything missed?
Certainly in a decent position but will need something to happen in order to progress. My hope is that they’ll be able to get a JV in place, or a sale - anything else certainly won’t be to the benefit of shareholders.
https://x.com/candlesticks18/status/1777823122168668574?s=46&t=ipW7IMp6GVgCsYSTs_Wd3g
Maybe a pragmatic accountant is exactly what is needed to run a successful. sales process.
Big Issue is that the CEO is nothing more than an accountant.
My guess is Lemasson came out of retirement to try and raise funds in Canada via the Non brokered fund raise ( Contacts)
He failed to attract any investment hence he was surplus to requirements.
The company desperately need a competent CEO to take the company forward.
Don’t forget the PEA is based only on 833,000oz not the 1.5 ish Moz
Pretty convinced multiplies are coming here from this share price low, a long way back up for lth but an absolute gift for any new investors. Can not be to long until we here something from the company.
NPV of BAM $668 million is astonishing.
CEO is highly motivated, put over 100k into the company over the past 6 months on top of the several 100s k he has already put in.
Looking back at the PEA, at $2,350 the NPV has doubled from the base case of $1,800.
NPV $668 million at this gold price.
Market cap $4 million.
Stock at 2.5 gold nearing 2500 this bunch of clowns couldn't run a whelk stall at a southend bank holidayweekend
Very unlikely that Humphries Featherby Sprott etc will accept another companies paper , especially if that offer is around £10-15M
An alternative could be a JV in which the Partner takes 50% at the asset level for a £4M investment prove up 2M Oz and sell.
Lets be honest LND will never develop BAM. Their only chance of an exit is a cheap sale.
Imho LND could get between £10-15M 7-10p a share a potential 3-4 bags
Its a mid-tier asset, mid-tier growing producers tend to buy in shares or shares + cash because they still preserve cash to develop existing assets. Its a good asset especially at 2300 gold, even 2000 gold, or 1800 gold. Gold price during the strategic review hit 1600, there was not than much spare cash lying around.
Needs some form of a deal here.
Pump fizzling out.
Dont look at their share price look at the profits they are generating.
Suitors are sitting on huge cash piles and will be buying LND with cash not their on paper.
Imho reason no suitor is the asset is lower tier.
April 2022 GDX 40
September 2022 GDX 22
Suitor share prices down 45% during 'phase 1' strategic review.
Please elaborate how the suitors where suffering.
Once it gets to a good price of 1p then good time to buy
That was one of the leading theories posed on here panda. Strategic review failed because potential suitors were suffering.
That and project too small, grade to low, too inflation sensitive etc which were also suggested.
LND did the strategic review at the wrong time when the gold price was depressed.
There will be much more interest now with gold breaking out to new all-time highs and producers will have lots more free cash on their balance sheets to purchase new projects
If they've got a deal coming and it's 18 months later than they hoped then any long term shareholders who are averaging multiples of the current share price will be coming out break even or with next to nothing for their porridge while people buying in today make instant multi-bags.
Difficult to imagine that's happening David. Sickening if it is.
If you want to "blame" me for LND not pushing out a new updated presentation (as i was told) then no problem.
Maybe ask yourself why the Company had not produced a new updated presentation?
Join the dots with shares up sharply higher this morning...
Autumn 2022 panda, gold price $1650, share price 18p.
Spring 2024, gold price knocking on $2,300, share price 2p.
Obviously they need funds to finish this for sale or to accept a JV, but the NPV pretty well doubles between $1,800 and $2,400 if I recall.
Got to be a screaming buy at such a low share price given the break out in the gold price.
The company has spent around £40 million on proving up the gold resource at BAM.
Whichever way you look at it, sub £5million market cap for an advanced gold project with a 1.5million in a safe jurisdiction has to be worth far more than that
Bag of poo this company has become, spent over £40m proving up gold that no one wants.
Tbf Jungian Bill cashed his options in all the way down. Options have to be based on both market price and expectations to be a target for the owners.
Obviously both of those are terrible right now.