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Pin to quick picksLandore Share News (LND)

Share Price Information for Landore (LND)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 2.95
Bid: 2.80
Ask: 3.10
Change: 0.175 (6.31%)
Spread: 0.30 (10.714%)
Open: 2.775
High: 3.05
Low: 2.75
Prev. Close: 2.775
LND Live PriceLast checked at -

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AIM WINNERS & LOSERS: Landore postpones Toronto dual listing plans

Fri, 08th Dec 2023 10:29

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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AIM - WINNERS

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Crystal Amber Fund Ltd, up 7.4% at 66.6 pence, 12-month range 60p-102.74p. The Guernsey-based activist fund investing in small and mid-cap UK equities announces share buyback programme of up to GBP5 million, beginning now and running until January 31, following shareholder approval at its annual general meeting late last month. Notes its current share price is significantly below its last reported net asset value per share of 98.3p and it believes that the share buyback programme will help reduce this discount. Says the buyback will be funded by existing surplus cash resources.

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AIM - LOSERS

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Landore Resources PLC, down 43% at 3.35p, 12-month range 3.25p-18.98p. The exploration and development company says "turbulent market conditions" worldwide have led to "significant" fundraising challenges, and it has therefore decided to terminate its CAD5 million, or GBP2.9 million, private placement which was set to fund its dual listing on the TSX Venture Exchange. It now postpones the proposed dual listing until further notice, and begins a cost-cutting plan to preserve its existing cash. "The company will revisit financing opportunities during Q1 2024 and is also exploring alternative funding options to enable it to, inter alia, proceed with a drilling campaign on its flagship BAM Gold Project at the Junior Lake property in Northwestern Ontario at the earliest opportunity," Landore says.

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Christie Group PLC, down 1.6% at 93.50p, 12-month range 80.00p-167.00p. The financial, inventory and systems services provider's stock falls, but recovers slightly, having dropped to a 12-month low of 80.00p earlier on Friday. It warns some of its transactions that were expected to close before the end of the year will likely be pushed into 2024. "Buyers and vendors actively working towards contractual exchange have indicated their intention to delay transactions into 2024 to avoid pre-Christmas operational disruption to their businesses," the firm explains. Consequently, it means the company's full-year result is set to be below market expectations.

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By Elizabeth Winter, Alliance News deputy news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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8 Dec 2015 09:11

Landore Resources begins drilling campaign in Ontario

(ShareCast News) - Mineral explorer Landore Resources has kicked off a drilling and geophysics campaign on the Junior Lake nickel-copper PGE site in Ontario. The London-listed company said it has begun the programme, which consists of 2,500 metre, nine-hole diamond NQ, drilling programme on the B4-7

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30 Oct 2015 16:20

Landore Resources Raises Funds In Share Placing (ALLISS)

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12 Oct 2015 10:32

Landore: New Study Shows Further Exploration Warranted At Junior Lake

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12 Oct 2015 10:05

Landore Resources boosted by report on Junior Lake site

(ShareCast News) - Landore Resources said a mineral potential investigation on its Canadian base metals delivered positive results. In a statement released on Monday, the London-listed mining company said the investigation, which was carried out by engineering group RPA, revealed there was excellent

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29 Sep 2015 08:53

Landore Pushes Ahead With Three-Stage Programme At Junior Lake

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Landore Identifies New Exploration Targets At Junior Lake Property

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7 Jul 2015 09:24

Landore Resources Starts Independent Review Of Junior Lake Project

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Landore Resources Chairman Bill Humphries Switches To Chief Executive

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Landore Annual Pretax Loss Doubles On Loan Note Impairment Charge

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13 Apr 2015 06:40

Landore Gets Positive Results From Junior Lake Drilling Campaign

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29 Jan 2015 10:35

Landore To Start Winter Drilling Campaign At Junior Lake

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23 Sep 2014 10:26

Landore Loss Narrows As Costs Fall; Second Junior Lake Drilling Campaign

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15 Sep 2014 09:45

Landore Resources Intersects Copper/Gold Structure In Ontario

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19 Aug 2014 09:12

Landore Resources Finds Sulphide Mineralisation At Junior Lake, Canada

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