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Started: Thegambler5, 17 Jun 2024 15:45
Last post: Thegambler5, 17 Jun 2024 15:45
They got caught in the hype. This isn't one for day traders in normal times. Albeit I took some profits on the morning of the news, ready to reinvest
They are selling with losses dragging the SP down. Creating opportunity for long term investors.
Suits me fine.
Tg5
Started: Urbanracer, 17 Jun 2024 07:06
Last post: Urbanracer, 17 Jun 2024 07:06
“Now that the Company is well funded, our focus will be on progressing our flagship BAM Gold Project at the Junior Lake Property. The work to be undertaken will include seeking to increase the size of the existing resource and targeting high grade areas of the deposit as well as upgrading inferred resources to indicated. A significant drilling programme is currently expected to commence in July 2024.”
Last post: Urbanracer, 16 Jun 2024 13:01
JB, are you on telegram. If so, what is your user name?
Couldn't even read it, just got a notification that there was one.
Finished the week with a hammer candle on the daily Tg5. Very positive.
JB73
Ha no problem.
I may be misunderstanding you, but are you saying that you could read my message, however could not reply. If that was the case, you could just give me a simple yes or no on here. Cheers
Thanks Urban Racer and sorry for the sarcasm about the website. Holding here for the last year or two has cost me dearly and it's difficult not to be annoyed given what the company actually does have going for it. I'll add new website to the list of potential positive catalysts to look forward to.
Also apologies for not replying to your message the other day. I've not got a paid account on here at the moment and it seems that you can send people messages they can't receive.
JB73,
Work on the site for Luso Global has already started.
Expect the same for Landore once AS assumes position.
Started: Thegambler5, 15 Jun 2024 13:06
Last post: Thegambler5, 15 Jun 2024 13:06
I still think the markets still haven’t realised what’s happened here recently.
LGM strategy is seen in dealings with Chilwa Minerals , they initially invested in exploration licenses and eventually sold them after the project reached their requirements. Their investment here and appointment of Alex as CEO suggests a strong commitment to driving the company’s success. Future Funding on proving resources (amid new project) should never be a problem.
This really is a game changer for the company. Continue to add when I can.
Tg5
Started: NicetoMichu, 13 Jun 2024 10:16
Last post: NicetoMichu, 13 Jun 2024 10:16
5 p today..
A higher high the day after a meaningful rally day would bode well here.. and more traders might get more involved.. etc..
Started: Urbanracer, 13 Jun 2024 06:53
Last post: Urbanracer, 13 Jun 2024 06:53
The RNS yesterday stated this:
……“It will also facilitate the identification and evaluation of potential new project opportunities to augment the group's existing portfolio in due course. “
There seems to me to be little doubt that the strategic intention now will be to build this company in a way not really previously considered.
The statement above indicates that whilst the intention is to develop Bam to either a point of sale, or mine, it is also to look, not only at their current assets away from Junior Lake (Nevada especially perhaps), but also to look to identify new opportunities (I would suspect in Canada and the US) with a view to substantially building our portfolio.
This is absolutely another world now for Landore, and I honestly don’t think the significance of what has happened has yet been understood.
UR
Started: SorB, 12 Jun 2024 07:24
Last post: SorB, 12 Jun 2024 15:32
I won’t put on here who i think it is, I’d be accused of ramping LOL.
Time for a sweepstake SorB?
I think the best news is yet to come, who are those investors?
Who are these linked to? https://www.scp-rf.com/
Dig around and you may surprise yourself.
Market completely wrote this off, this has a new lease of like now. I wouldn’t be surprised of constant positive news flow from here.
Even LTHs being diluted by 50 percent see this as decent news, I’ve never seen or heard of that before.
When I read the RNS I certainly was not depressed......but I never would have dreamt we would be up 50% on the day so far...and top of leader board to boot! AIM does surprise?
GLA
Started: NicetoMichu, 12 Jun 2024 09:45
Last post: jdt1990, 12 Jun 2024 10:20
Post tax NPV in their Jan24 presentation is $231m @ $1800 with a 2.25y payback. Ok costs will have inflated but at $2160 gold that adds (pre tax) another $220m to the NPV
It’s a cracking project for a mid tier to pick up - low Capex, easy access surface gold. If they can get 2moz plus in a PFS….sell it on and bank the cash!
It's good to dream big, JB :-)
I don't think that's at all unrealistic NicetoMichu. It might actually be a little bit conservative.
If you look at that project I posted the other day (WIA gold) they touched a market cap of £75m recently with 2moz at 1g/ton in Namibia. That'd be roughly 25p/share here diluted to the new level and I wouldn't be all that surprised to see a 50-100% takeover premium to that. 40-50p/share if things go well? Am I dreaming?
While likely very embarrassed to admit it, there are very longterm holders here who remember this being 400p ..
Sure there's been lots of dilution here since, but nothing remotely like to that extent..so 15p here in 2025 ish is not a stretch target in my mind.. as the market cap here can readily go to a few 10's of millions gbp as we go in thru 24 and into 25 in this gold market
imho & dyor
Started: Ricardo2019, 12 Jun 2024 07:47
Last post: Ricardo2019, 12 Jun 2024 09:43
Lol Happyhaddock, that's not a bad way to put it. Gotta either keep positive or sell out I suppose. I just wish I wasn't so underwater but at least now there is a potential future.
Whilst more or less doubling the number of shares in issue is never a good thing, there is at least a small comfort in the fact the placement was carried out a discount which was relatively minor compared to the number of extra shares issued, and at a price above where we were just a few months ago...
think of it as punch on the nose rather than a knife in the guts
LTHs screwed through incompetancy.
Started: JB73, 12 Jun 2024 08:55
Last post: JB73, 12 Jun 2024 09:04
The Buffetmeister?
He still thinks gold is a pet rock doesn't he?
Maybe Rick Rule? (link to Sprott) Rob McEwen? (link to Claude).
I see this as a new beginning here today.. and 15p ish my exit target here now JB .. and that achievable sometime in 2025 too, please
PS: BIG Warren ? :-)
The next 18 months here will now be glorious IMO. Days like today are fun, but I'll be sitting on my averaged down holding waiting for 2moz, PFS and a $3,000 gold price.
What the share price will be by that stage I haven't made a guess as yet, but it won't be sub 10p that's for sure.
Can't wait to find out who the "two well renowned high net worth individuals, both highly experienced in investing in natural resource opportunities" are.
We've already got Sprott....any guesses as to who they might be? Hoping for more BIG names.
Started: katstrangler, 12 Jun 2024 08:36
Last post: katstrangler, 12 Jun 2024 08:36
Nm
Started: JB73, 10 Jun 2024 08:35
Last post: Source888, 11 Jun 2024 15:30
Our Gold Resource could/should also get a lot bigger if required (& more competent management)...
Our Nickel and other metals too make this valuation a little silly and a consequence of terrible management to date. WHERE ARE WE WITH THE CANADA LISTING!!!!????!!!!
Tripped over another comparable project, WIA gold on the ASX.
Slightly bigger at 2moz but a 1g/ton open pit. In Namibia, which is not as good as Canada.
Market cap hit $145m AUD recently, £75 million pounds.
Started: JB73, 5 Jun 2024 14:06
Last post: Rayte, 5 Jun 2024 14:16
Gold road resources were apparently having a good look at landore back in 2022.
In late April gold road pulled out of a bidding process for the greenstone gold mine which is also in Ontario, just 60 miles away from junior lake. Equinox bought the remaining 40% of greenstone in the end.
It seems gold road really are shopping for something Canadian though, possibly even in Ontario.
Greenstone is bigger, with a slightly higher grade and is much more developed. But it's not a million miles apart by many characteristics.
Maybe gold road saw better value here and will be doing some kind of deal after all? Could equinox have an interest given how close greenstone is?
https://goldroad.com.au/wp-content/uploads/2024/04/20240423-Ceasing-participation-in-Sales-Process.pdf
I remember people saying how brilliant and competent Luke Cox of Green Technology Metals was a couple of years go because the share price had doubled since they launched.
Guessing we wouldn't find many fans of his left now.
I checked out Cabral Gold again, who I found out about as they were presenting at the same event in London that Claude was in November 2023. They have a very similar project.
It's in Brazil (not as good?) but they are drilling and working towards their PFS, just as Landore should be. When they both presented at that event late last year the market caps weren't all that far apart. Cabral have a £40 million market cap today, literally 10x Landore. Since November theirs tripled and Landore's went from 6p to 2p. 10x here simply puts Landore back sensibly in line with Cabral as one of their peers and as I said the other week, 10x is also what's required from this level to put Landore within a more sensible distance of a normal take out premium (20-100%, not 500-2000%?).
With another few million spent Landore could be at 2moz with that pre feasibility. Yet people don't seem to have the imagination to think that somebody might want to spend that, despite other similar projects doing that kind of work and being rewarded for it.
https://www.youtube.com/watch?v=cb_HyEYcG4c
Keep your eyes on that gold price, if rumours are led to be believed and we get gold backed Fiat then forget the ineptitude of the CEO and past screwups. This is will be gobbled up along with other distressed gold explorers/minors.
It’s a punt but a very good one IMHO.
Started: JB73, 30 May 2024 15:16
Last post: Rayte, 3 Jun 2024 06:18
Every such asset will sell for something.. and as Glenn - and Bill - have been and remain time-warped clueless on attracting buying interest at a decent - never mind good - price, I'd now be ok with a fire sale here in the 7.5 p to 10p a share range.. or, more preferably, some sort of a JV towards inward Investment to further again prove up the resource eg another 25 % even if on poor terms to lnd.l...
Any raise should be for a few hundred k gbp max.. now to look to discover more resource in any way shape or form .. but just to keep the lights on towards achieving any such - aforementioned - fire sale/JV
Either that or it was an opportunity for long term sufferers to average down before a duff offer? Could explain the buying on Tuesday and the long tail.
Wasn't it you who bought in here originally because you'd spotted volume picking up and regular £10k buys Rate?
Buying drives buying, selling drives selling and very little of it has anything to do with the company and what it's up to it seems.
Based on the shenanigans a few weeks ago it seems that the price is set by David Burton and the like buying in based on the price moving up, then also selling for no apparent reason other than the fact that the share price has gone up.
It didn't have anything to do with anything.
And of course, there's been no PR whatsoever. Not so much as word said in six months.
Website is still the original from 2005. Loved by majors apparently, probably because it helps to keep the company on its knees and is not helping to attract new investors to buy shares on the open market. Low share price, negociating power for them.
If they're going to do a dreadfully dilutive placement that makes no sense at all.
Started: Candlestick, 28 May 2024 07:24
Last post: Rayte, 28 May 2024 14:08
AM90 has been an elite contributor to this board and someone whose opinion I agreed with for a very long time. Regardless we are approaching 5 months since Glenn took over the business. Making those phone calls should have been the very first thing they did so the fact that almost 5 months later nothing's been achieved.... Ughhhhh.
Working capital being mentioned first in this RNS; to me at least, shows that they don't have good options.
I am with Am90. A placing would have just been done and RNSd after the event imo, not telegraphed like some are interpreting this. Glenn won’t want to dilute his significant shareholding either. Some other deal is more likely imo, although that’s obviously just my opinion, not advice.
Sounds like they've called up everybody that showed even a hint of interest during the strategic review and they've still got no takers. There are tons of junior gold companies out there that have got a resource and no takers.
It's time to put the dream to bed. Whatever raises are coming up now they're so dilutive that you have to question the risk / reward.
He would have just done the placing ..... Over reaction I suspect/hope
If there was a jv in the wings it would have been done long before now not in a mad rush.
The ineptitude this company has shown over the theses beggars belief really. 1.5m oz with gold at $2300/oz yet they can sell it and clearly have no expertise to take it to production!
Have a look at LVCG . THIS WEEEK BIG NEWS
Started: Samroy, 19 May 2024 12:13
Last post: JB73, 20 May 2024 16:05
Check out Adyton Resources. Did 1,500% on essentially no news in the space of about six weeks.
If prices are that flexible without any change to prospects, why shouldn't this ten bag and then receive a sensible offer?
It's quite clear after the antics the other week that the share price is set by David Burton and colleagues dumping every time it goes up half a pence, which means that the market does not have a sensible mechanism for assessing what this is worth.
I think most people would be very happy if this was sold at 15p.
With Landores current economics even an idiot should be able to get it fully funded (& that's what we've had over many years as shareholders unfortunately , so maybe now they will be able to finally pull it off ).
Its IRR is probably way over 100% here at these prices AND has a project payback of LESS than a year now....All in a rock solid safe jurisdiction & massive exploration upside still in play...
To a sensible player these are eye wateringly strong project numbers that many would die for...
Took another look at the price sensitivity analysis.
$110 million goes on the NPV for every $180 on gold with just the existing project.
At $3,000 gold, NPV is over $1b.
I don't think $3,000 gold is at all unrealistic by the end of 2025.
If I was Glenn I'd be half inclined to do nothing for another 18 months if a decent option to fund work doesn't turn up.
After all these years I can not see him or LTH agreeing to a 'fire sale' of a $1b project with massive upside potential for the 10-15p ($20-$25m?) called for by some here. Bill may have wanted too much a year to 18 months ago, or maybe he just had the wisdom to see where things were heading.
A big investment would be a tad more than £4M at which price he could buy the company.LOL
Started: Thegambler5, 17 May 2024 10:20
Last post: scott240, 18 May 2024 10:56
Glenn will be working on Canadian listing
Great news
Like a reunion - great to hear from you Michu and TG5- always enjoyed your posts - some real numpties around these days, can't get a sensible discussion going - I'm totally lost on LND and need to get my head around the current position - will give it a few hours reading. It does seem to be on the move TG5.
Get your toe dipped Kalan before it’s too late. This gotta be worth a punt at these levels.
PS - good to see you’re still around old friend!
'Kalan' a name that rings a bell from the past ! Good luck with your bet here, if you do make that bet, Sir..
I had written this off but am - surprisingly to me - changing my mind on that around now... (POG heights have me hoping for a JV of some sort soonish, or an outright sale at a 'lowly' price even is fine by me.. eg 10p a share)
And I have done two top ups here in recent weeks.. and may even do one - or two- more in the not too distant future too..
Extremely high risk bet granted.... but amazing bang for buck in terms of averaging down from a too big a number for me.. down to 12p average now.. maybe sub 10p soon(ish)..
Hi TG5 - had a quick look at the technicals and down 97% over 8 years. Promissing recently - going to do detailed research over the weekend - as you say a small wager may pay off.
Started: janet2007, 9 May 2024 15:58
Last post: AJ27, 9 May 2024 20:25
Can’t see any reference to that anywhere on Twitter.
If Glenn said the rise was news related then he'd have been in breach of AIM rules & regs.
So - he was never, ever going to do so!
D'Oh.
For LND and now up 16 percent UMR also climbing and rising today ....really enjoying the rise up on both
Started: Jungian, 25 Apr 2024 17:05
Last post: Rayte, 28 Apr 2024 21:03
Rayte:
"Anyway last post. Bye fellas and wish you luck. As I PI I dont like seeing other PI's make money"
What a nasty piece of work you seem to be...
We'll need more than good luck if as you predict this Company "will soon be out of business".
Nothing like a bit of transparency - ramp the a**e with posting bullish nonsense. Then bail and diss the feck out of it.
Less than 10 days ago you posted that "be great if Glenn off loads it all." And this was on an "upward trajectory to 3p" (probably your exit price eh?).
Now only 10 days later you post "no one would invest here."
Are you still at secondary school by any chance?
It's outrageous Rayte, I cannot believe Glenn stayed silent for the 3 days you were a shareholder. I would send a strongly worded letter.
Any lth knows that Glenn wants out of this. No way is he leading a drill campaign. The silence for me is some form of deal in the making. No idea what terms it could be, but something is occuring. The idea that the company would have stayed radio silent during the gold price run because they cannot be bothered is for the fairies.
Imo there will be no drilling campaign.
who has the expertise to make a sound judgement call on where/how/when that would be best carried out?
GF? Not a chance. He only wants one thing. Out.
Hibernation ending?
Spring shoots?
Drilling going well??
Update would be good??
The terms of reference of the Remuneration Committee are to:
recommend to the Board a framework for rewarding senior management, including Executive Directors, bearing in mind the need to attract and retain individuals of the highest calibre and with the appropriate experience to make a significant contribution to the Group; and
ensure that the elements of the remuneration package are competitive and help in underpinning the performance-driven culture of the Group.
This is off their website. Have you ever read such self serving anodyne rubbish. The so called committee are
directors, awarding themselves massive salaries, share options etc for what? 1.5 million oz and a 2,5 p share price!
I love the bit about performance driven culture, straight out of 'Management Speak for Dummies'
You really couldn't make this up
Started: Candlestick, 12 Apr 2024 09:34
Last post: Candlestick, 12 Apr 2024 09:34
Despite almost perpetual disappointment for shareholders over the past 2 years, what was in the ground is still in the ground. Chart looking good right now as well.
https://x.com/candlesticks18/status/1778691199794106523?s=46&t=ipW7IMp6GVgCsYSTs_Wd3g