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Sellers taking their 10 percent
The 3 120 buys seem to be the 10k buyer again
Bought a modest amount for just above 3p. It will show as a sell
Anyone know when financials are due? Can't see it being pretty so lets hope GF is working on something substantial as what other route forward is there?
Thanks John
How you expecting this to play out? I think both of us are sceptical of GF abilities
TBH im hoping for an outright sale as i dont see the company ever drilling.
SH that have purchased around these levels should see a decent return.
As for the likes of Featherby, Humphries etc theyve caused this mess and will have to stomach the huge loss on their holdings
Spot on i dont think Featherby has the knowledge or the drive to take LND forward.
Imho he will take the easy route and sell the company.
At what price probably between 10-15p
Best guess, GF's average is probably double that range after his purchases this year.
Agree a corporate transaction of some form is the most likely to monetise the resource...TMS/D Burton thinks this is sooner rather than later ( "Company back in play" tweet), although talking his own book of late.
Looking at Co presentaion...gold at $2,340 gives a NPV of $663mln (based on May'22 costs)...even allowing for inflation over the past 2 years imo brings this down to c.$500mln or so...even an offer of just 10% of this is a 13x return from current prices.
Can see why we have had a steady £10k purchaser of late...buy when it is quiet and simply hold for the rns
It appears you talking to yourself there John ?
Best guess a few here’s going to be disappointed they’ve not bought in at these levels soon .
Time will tell.
We seems to be leap frogging from Advfn to here : )
Great input from both JH and SB.
It's down to GF now to update the market and give indication as to what the strategy is going forward.
GP has held well and gives him a negotiating position but until we get an update, we won't know either way.
As for DB/TMS I hardly pay any notice. He knows no more than the rest of us.
I hate to be a party pooper, but can anybody point to a single example of a company anywhere being taken over at a 300-500% premium?
10-15p would be paltry anyway, but as far as I'm aware that kind of premium literally never happens.
He was actually chatting/replying to me but it does look like he's having a one way conversation 😂. SB, JH etc we all chat on Advfn too. I also remember JH from the GKP days of 10p to the moon.
SB replied - thanks for input. Appreciated
Rayte I sort of guessed but had to comment for a laugh.
Just because this mechanism to return value to shareholders is a complete failure and doesn’t seem to work more often than not for many companies, not just LND doesn’t mean to say we have no or little value as the M cap suggests.
We have 3 Ni43 101 resources in Canada not just the bam gold but also the Nickel B4-7 and the VW in one of the top ten postcodes in the world. The PEA was calculated on only 833,000 oz of gold and returned very attractive numbers for any buyer based on gold at just $1800 an ounce, as I type gold is $2350 ish so obviously worth a lot more.
We have discovered just under 1.5 million ounces in total but the total resource at that time wasn’t put into the PEA so again worth much more than the PEA numbers show. With more drilling it will no doubt expand the resource if they choose to go down that route
but as far as anyone knows that could all be left to the new owners if of course we get a buyer.
In Answer to JB73 if you do some digging it is possible to get a premium of between 300-500% I have seen some in the past and I’m sure with a little research you will find them. At the moment we are around 2.7p but that could start to climb and before anyone knows we could be sat at a much higher SP before any RNS is put out.
I know Glenn is working hard behind the scenes after all he is heavily invested and aligned with us loyal shareholders so if he can get a deal done favourable for LND and himself I’m sure it will all bode well for all shareholders.
We have assets worth Billions and an insane m cap of around £4m there are some companies out there not mentioning any names that have an higher M cap and have no resource at all.
Looking forward to see what news we get when it lands let’s see how the market responds.
Have a good day all.