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There you go expart - coincidence or what! LND 2 A POUND

Playingthegods - try having a look on a pc, on a mobile the it gets scewed, it days that 'inc' has the 9.2%. That's is just because it is narrower on the mobile version, so cancord genuity Inc spreads to two lines making it look that 'inc' owns 9.2%, when in fact that is Sprott. On a pc this is corrected because the screen is wider.

In general the website needs updating, it still days there are 1.3 billion shares!

Its just the MSCI rebalance indices UT, it will open at 20.5 on Monday. Nothing to get excited about to be honest

I think it is the Sprott and MSCI rebalance tomorrow. Anyone remember this time last year and the excitement of that jump to 10p out of nowhere via Sprott! I dont think this will happen tomorrow and I have no idea if there will be buy/sell in either index, but perhaps a higher volume day and maybe an odd closing auction.

Completely agree UR.

Re. Step-out drill results vrs 'BAM style' results: They look very similar to me. If you look at page 92 on the below link of the technical report it provides some full results included in the BAM resource. The grade and the length of hits are all very similar.

https://www.rns-pdf.londonstockexchange.com/rns/2849J_1-2020-4-8.pdf

Its a perfect storm here, non-existent promotion and new investors finding it hard to put information together.

In layman's terms, it is very simple: A multi-million oz discovery is about to be proven, in a tier 1 jurisdiction and is relatively cheap to mine. BH should be on every media channel shouting this and PI investors should really do more research.

From the sounds of it there is going to be a bit of a media camping from mid-week onwards with 2-3 interviews lined up. Hopefully this will get us moving.

Contacted the company regarding PR. They say BH is away in the field at the BAM deposit in Canada and upon his return next week they will endeavour to arrange media engagements.

Indeed, I think my point is that there will always be sellers in any share at any time. In this case, people may be rainbow chasing, they may get just get bored, or do not understand the RNS's, profit taking or just want out etc. But really we should have buying outweighing this moderate selling because of our undervalued nature. In general (except for Bonanza day) volume has just been too low to get things moving. Hence i feel more promotion is needed.

Michu - I originally did not realize this as well, but apparently JH has not been selling and the RNS was due to the dilution of him not taking part in the recent placing + other warrants being exercised. Confirmed by the company apparently - see messages below. He has not been a semi-regular seller because he has to report when/if he does sell.

Lor_9 - i do not think there has been alot of selling - rather not enough buying. There is absolutely no valuation metric that would put Landore at anything other than grossly undervalued. So I think our undervalued nature can partly be explained by lack of promotion. We have had 1 interview during this drilling campaign. We had Bonanza Gold intercepts and further excellent results again today, but again no interview or promotion. The board should be shouting from the rooftops here, but its not the way they operate, they are very old school.

Unfortunately, retail investors value this gimmicky promotion and CEO quotes. Just look at some of the other companies who have, or have had similar market caps. For example in January ECR Minerals had a larger market cap than Landore. At the time ECR had, 0 drill results and a resource of 0 oz (still do), or look at POW - again they loads of properties, but essentially have nothing, except a very smooth PR machine. While Landore had a resource of over 1 million oz's and are in the middle of a 24,000 m drilling program and no PR.

The bottom line is we will have around 1.5 million oz's resource in the summer, owned 100%, its cheap to mine and they are looking to sell it. At the moment, our market cap values this at $33 an oz. This is pitiful, average takeover price in N.America over past couple of years is about $100 per oz, this does not include the recent substantial increase in gold either.

Excellent results confirming step-outs 1.2 km West and 1.1 km East of the existing resource. That's a combined 2.3 km, its huge, think about walking it!

They have also extended the resource at depth at the East pit and the current drilling is targeting the high grade bonanza zone at 2650 m East.

These results back up the companies thoughts that the Bam deposit is: 'a multi-million ounce open pit resource with significant underground mining potential'

What continues not to make sense however, is the absurd £35 million market cap. Its incredible. Re-rate well overdue.

TH dumped 3 million - explains why we are hovering around these levels.

But the good news is that he is now done. Hopefully enough take advantage of these bargain levels to propel us in advance of the next set of results (due anytime).

Todays RNS in combination of the previous RNS regarding the disposal of West Graham assets is highly indicative of a company trimming down in preparation for a sale. Would not be surprised in the slightest if the sale takes place at some point after the upgraded mineral resource estimate in mid-summer.

That's a nice write up UR.

The key quote from me is the line from the CEO:
“This significant Bonanza gold discovery in the footwall of the BAM Gold Deposit has further demonstrated its potential to become a multi-million ounce open pit resource with significant underground mining potential.”

Multi-million ounce open pit resources with signifficat underground minning potential - I don't think you will find too many (if any) of these valued less than $100 million. They tend to be valued in the $100s million An absolute steal at these values.

Cannot wait for the next set of results.

Its nothing to worry about.

LND have 1 million oz of gold, buy the summer this will be upgraded to circa 1.5 million oz, with further exploration potential for a further 1 million oz - That's the aim!

How much is 1.5 moz worth, that is 98% recoverable, cheap to mine and in a Canada. Well the market currently values this at $33 oz (market cap in $ (48 million)/1.5 million). With Gold prices still very high at $1700, we will see takeover deals valuing gold in the ground at $150+ per oz. That's the upside here.

Eyepaul - Yes results are due, currently waiting for approximately 50 assays. Expect regular news between now and mid-summer, cumulating in an resource upgrade.

Indeed Hydro - Any placing is not going to be a ridiculous churn placing with loads of warrants to small time investors. i.e. a placing to many small investors who take a quick 10% and result in an endless placing churn, which is usually the case with small exploration companies. Instead, given that we have a proven asset, i would expect any placing to be with a much larger institution, who would be here for a much longer time period.

There clearly is something going on and i am sure it will be revealed in the coming weeks.

GG19 - I think you are exactly write - the 500 k was just for show and i have no problem with that.

I also have absolutely no problem with him selling, he may have his own reasons and also bought 18 million more in options and there must come a point where enough money is enough money. I think there is a high chance that callum may also offload a few in the near-future.. maybe even starvest as well, who knows. Everyone has to sell at some point.

But what i think is a little disappointing is GH's tweet, stating that the 'stock is undervalued' and he is 'looking forward to a short squeeze', while simultaneously he was selling. Maybe there are other reasons for these tweets, who knows, but the impact of this is that his future communications will not have the same weighting as previous.

Will be interesting to see how many Beetham ends up with....

Also some action at Outamind i think.... https://vimeo.com/541237877

https://twitter.com/MiningReviewer/status/1385254854050951173

Maybe, but at a 37 millillon market cap... There is only one way the SP is heading in the coming weeks to months..

Its sell on news - always happens.

But its a dangerous game, i really do not think we are far away from more exciting news. Compare a photo of the core from yesterdays rise, to core 742 - which has yet to be reported. More insane grades are on the way.

https://twitter.com/MiningReviewer/status/1384761229902852096