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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: 3.15
Bid: 3.05
Ask: 3.25
Change: 0.10 (3.28%)
Spread: 0.20 (6.557%)
Open: 3.05
High: 3.175
Low: 3.10
Prev. Close: 3.05
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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Landore Resources Identifies New Potential Nickel Zones At Junior Lake

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24 Mar 2014 12:15

Landore Resources Early Survey Data Shows Growth Potential Of Deposits

LONDON (Alliance News) - Landore Resources Ltd said Monday that preliminary data from its 3-simernaional geophysics survey of its Junior Lake Property in Ontario, Canada, indicated the potential to grow its existing B4-7 and VW nickel deposits. The survey data covered 700 metres below the s

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18 Feb 2014 10:05

Landore Resources Completes Geophysics Survey At Junior Lake

LONDON (Alliance News) - Landore Resources Ltd Tuesday said it has completed a 3D Geophysics Survey on its B4-7 and VW nickel trends at its 1005 owned Junior Lake Nickel-Copper property in Canada. The junior mineral exploration and development company said preliminary findings from the stud

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Landore Resources Starts Major 3D Geophysics Study In Canada

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SThree Asian Pacific director sells 74,176 shares

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Landore Resources intersects sulphide mineralisation in Canada

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