The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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.
The only point I was making is it is misleading to others to simply say that an updated PEA/MRE will effect the share price.
It isn't a given that it will. It hasn't with LND in the past.
Absolutely Richyf3,
There are some very frustrated holders in here, time will tell if they act on basic things like PR and the website. They should be doing this anyway, its basic stuff. But on the 22nd July at the Proactive 1 to 1 - Glenn Featherby explicitly stated that there will be a new PR marketing campaign in the coming weeks. So far they has been two obvious opportunities for a bit of PR - conclusion of drilling RNS and the higher grade than average under the East Pit RNS. But there was nothing. Not even a a quote from the CEO. Always going to frustrate shareholders.
That said, if existing shareholders even those who have been in here for years were offered the chance to buy into Landore today for the first time given what they know (i.e. the incredible assets, but less than incredible PR and slow moving nature side of things) , I suspect they would absolutely bite your hand off. Its an incredible deal right now. Just look around you can either get into Wishbone with a market cap of 19 million, who have literally nothing, no gold, not even started drilling or Landore at £25 million.... come one there is only one winner. It astonishing when you think of it.
The market is missing Landore at these levels. If the SP was 35p - i think we could still be having the same conversations, its that undervalued.
Come on Landore - get the PR going - starting with interview with released 8am coinciding with release of next assay results. Help your long suffering shareholders.
That's why I'm here too.
And have been posting on this thread for over a decade.
And have been a LND shareholder since 1st day it launched on AIM over 16 years ago.
I didn't start posting/ramping here 5 minutes ago.
I’m here because of the mining jurisdiction where this company can operate in , mining laws for this company is a huge advantage for investors as most companies pay hi taxes or don’t even mine. The fact bigger major operate in this location I have no doubt this will get taken eventually especially when the gold in proven up ( we still have battery metals which isn’t taken into consideration which has a huge upside potential here ) . Over coming weeks till q4 is finished this should move up and we SHOULD have a better understanding of what’s going on . That’s why I’m here and invested .
Richy13 you say......."once it’s official how much gold there is , this will reflect in the share price . True value at the moment is undervalued........".
I remember posting very similar sentiments on here prior to previous PEAs & resource revised estimates being published by the Company.
All some time back now. Did they effect the share price? Did they ***k.
Until someone shows some interest in taking this over either as an outright acquisition or JV it'll stagnate imho.
Let's hope as BH says with there being a justifiable perceived 2m ozs that will attract interest/offers.
Richy,
That is the point we are all making…..it may NOT reflect in the share price. It depends how the company manage the new MRE and PEA and I am not confident about that at all. Results are good. Corporate side is woeful.
Samroy,
Those 7 results will be added; the RNS 090921 make that clear.
It is the results from the Felix campaign starting mid Oct that will not be. They will feature at some point in the future.
All to play for imho , once it’s official how much gold there is , this will reflect in the share price . True value at the moment is undervalued should be nearer 40-50p
Re MRE I was quoting what the video was saying….Q4 is Oct-Dec However none of us really know when it will come. At the moment we await 7 drills if I remember right, depending on how well they are doing with the MRE and whether or not these results will be added in I have no idea, but it will be interesting to see when it will come and how much of an upgrade we have.
Thanks all for your input it was very interesting to hear your thoughts.
Btw Samroy,
If and I say IF the lab pulled it’s finger out, and got the last of the results to Landore early, and IF Landore moved heaven and earth to do their stuff and get the later work to Cube pronto, and IF Cube were in a position to finalise the MRE in double or treble time then perhaps end of October is possible.
However, I am a betting man………and this IS Landore……..……. :-)
Samroy,
I doubt October now mate for resource.
The RNS on 090921 states that final assays due back at Landore late sept. That’s if they are on time.
Landore then carry out assessment and other work on the figures PRIOR to forwarding to Cube. Even if the data reaches Cube sometime in October, it will take time for Cube to do their stuff and assimilate into work for MRE already carried out.
As such, November would be great but potentially December. We have to be realistic.
Don’t forget, everyone was banging on about Q3 a week ago and I said that that was not possible.
Conclusions based on estimate of meterage @ Bam grade gold average.
I anticipate around 1.5 to 1.7 million in NI 43-101.
I also anticipate a reasonable amount of unclassified to be reported also as we did still have an unspecified amount ‘in the bank’ from 2019 and this will also have been added to I expect. (although we will have lost some to upgrade ).THIS is where we may see sufficient to start talking 2 million ounces although, as Mads states, this WILL be outside the MRE figure. I anticipate 100,000 to 300,000 ounces.
For clarity..MRE 1.5 to 1.7 million ounces; Unclassified 100-300,000.
If both figures finally reported ARE the latter; you have your two million BUT NOT in MRE. This should clarify even if my figures are well out.
2 or 3 months and we will know.
UR
https://youtu.be/brFPUB-kvb4
Here’s the video worth another listen For clarity.
Times to note
7.40 update resource is coming October
14.40 About the MRE the updated resource will happen in October just tying everything up for it.
15.40 Bill “believes” there’s 4 million Oz there now.
16.08 main aim to get a perceived 2 Moz
16.28 Bill “believes” we’ve got a “perceived” 2 Moz now and he thinks they’ll see the same thing.
17.52 were fully funded we have sufficient money for exploration and hopes it turns up another prospect.
Lots of other good information it was a very good Q&A.
So where does this leave us for this year? The current NI 43-101 compliant resource is currently 1,013, 000 ounces. This is built up as what is described as BAM grade gold which is 0.98 to 1.04 g/t average. I did a simple calculation based on meterage drilled to achieve this figure since 2016, versus the amount of drilling planned for the 2020/2021 campaign. Presuming the BAM grades as reported are constant, my calculations led to an approximate total of 1,666,000 ounces in inferred and indicated.
The difficulty now, however, in accurate assessment of meterage, has been complicated by two factors:
1. Exploration drilling (step outs) was interrupted by fire outbreaks. Although drilling is re commencing in Mid-October, we now know that results from this will not be utilised in this years figures as first results unlikely until Dec/Jan and MRE out Nov or Dec so no time to incorporate EVEN IF results were sufficient for inferred which I doubt they would be (ie exploration/ unclassified).
2.Drilling plans were amended as knowledge of the ground (especially Bam East) was gained (eg additional 5 x 25m centres around ‘bonanza ‘ drill result of March 2021. As such, I am not quite sure exactly of the current meterage numbers.
(Cont)
Morning Mads and Samroy,
I reckon its actually a bit of both. Bill has confirmed, in interviews this year, that the gold resource is assessed by geo’s (read Chris Cooper) to be in excess of 4 (FOUR) million ounces of gold. IN EXCESS!! As far as the anticipated 2021 MRE Samroy, however, Mads is spot on.
The aim this year, as I understand it, was to build the all important Indicated category. That necessitated additional drilling in the previously identified inferred resource category to allow the denser drilling to aid confidence and upgrade Inferred to Indicated. Alongside this will be the additional aim of drilling up (in the same manner) previously identified unclassified (ie exploration level) gold to a level sufficient (as defined by Competent Person ) to move a percentage of unclassified into the inferred category.
It is the Indicated and Inferred that sit inside the necessary NI 43-101 compliant resource. (There is also top end ‘measured’ resource however that level does not have to be utilised). Finally, Bill has also stated, in interviews this year, that the unclassified material, albeit outside the published MRE, CAN be referred to and apparently WILL be taken into account in any negotiations. That simply means that any geo’s (From other companies) who have been brought ‘inside’ under nda’s , clearly must be in agreement with assessments made by Landore geological staff or Landore consultant.(s)
(Cont)
Please correct me if I've got this wrong - but my understanding is what BH said was there was a "perceived" 2m ozs.
That being different from an actual and not a figure that can be used in any MRE/PEA.
My thoughts FWIW
We have had some marketing by the company with the presentation Bill did with Sarah Lowther then we had the Q+A with Katie Pilbeam, Total market solutions did a piece on us then we have had the Cenkos research note 64p plus all the tweeting the company has done.
My view is a marketing campaign won’t start properly until after the MRE and also the website won’t be improved until after the MRE and PEA.
Regarding the marketing the company has said all it can say up to now, there is nothing new to be said only the last lot of drills to come and then when we get the new MRE they will be able to promote the company with new information and plans going forward.
Regarding the website my thoughts are that it can’t be improved until all the new information has been collected and the MRE and possibly the PEA are done, that would make sense because it’s pointless to do it without all the new information that’s to come being added.
According to Bill the MRE is reported to be completed in October however they have communicated Q4 which could mean Oct -Dec Bill thinks we have 2Moz now if that’s the case the Sp should rocket. Let’s see how it plays out have a good day all.
Richyf3 let’s not forget they promised a PR push and being more proactive towards retail investors during their previous interviews and did SFA.
I’ve spoken with the company and hear investors thoughts and can see the disconnect regarding the share price and asset value. There is a strategic plan under way to sort this matter out hopefully soon we will start hearing PR drums . The asset value here is clear to see it’s huge and has massive potential.