Member Info for AM90

Sorry just saw your message after typing the below.... Yes 60 million is certainly not out of the question when you factor in that most other miners are sharply up today (GDXJ its self is up 3% today) and we are down today... The data below is based of yesterdays figures....

Infact I actually revise that calculation looking at the data again.

We are currently at 1.19% in the index - we need to get to 1.41%.

There are currently USD 6527.51 million tracking the MVIS GDXJ index.

So the funds that track the GDXJ index will need to buy an extra 0.22% to reach the target of 1.41% (1.41-1.19).

USD 6527.51 million * 0.0022 = 13.7 million USD or £9.81 million

At current SP (20.5p) that equals around 48 million shares.

They still need loads more.... think about it....

By my reckoning the buy could now be 40 million + shares now because of the fall in SP and the general rise of other gold miners in the index.....They have already got a small amount it seems ... but are still likely going to need to buy a stack load tomorrow ....

Just a head up ... CMCL has been included in GDXJ, which will result in a $8 million buy this week, which is about 7% of the free float market cap of the company. Could be very interesting.

1.41% is our new weighting

1. GDXJ rebalance is based on the market cap as of close of play on Wednesday (10th). We had a little peak close of play Wednesday so that will help.

2. They have not been selling to drive the SP down. That's silly. Only way they sell outside of the rebalance is if the money is taken out of the ETF - which has happened - but these are in the grand scheme of things very small amounts.

3. Rebalance announced tonight. Very difficult to know what the weighting will be because we dont who will be kicked out/not kicked out for being too large. In the past we also didnt know this but the margins were much larger to be able to predict a buy. This time the margins are much smaller, probably going to be a small buy or sell. Even after the weightings are released tonight we still wont know what the buy/sell will be because it will depend on our SP movements next week.

4. Dont think it will be huge event, but will probably be blown out of proportion is there is 10-20 million share buy/sell either way.

Finally, a nice interview. Very exciting. Next batch of results due imminently, then future results can be expected every 3 weeks or so as the lab backlog starts to ease, cumulating with a new resource estimate in July. Also confirms that step out drilling up to 1 km to the east and 1 km to the west. Also highlights that the placing was oversubscribed by double!

https://www.proactiveinvestors.co.uk/companies/news/943217/landore-resources-updates-investors-on-the-bam-gold-deposit-in-canada-943217.html

Nothing new in the RNS. Just highlighting that our non gold assets are also very much in the companies immediate thoughts. These non-gold assets are probably worth our market cap alone.

It's kind of crazy, there are some AIM listed companies who essentially have nothing, no drill results, no resource, just a load of geophysics and very smoothly run PR who have £30 million market caps.

Isn't Shaun Day also presenting at that conference, has there been any weblink for his presentation? Or is it only the big boys that get streamed?

No, it's the Msci rebalance.... As a couple of others have mentioned about 6 posts down....Not GDXJ or a takeover..

Sometimes I just don't understand the need to make stuff up when the answer is literally just below...

Yes, more drilling results should be arriving next week. Think the drop today is POG related which has taken a bit of a tanking. Hopefully it is only temporary.

Regarding Sprott's investment, the investment was to fund drilling, we are only just starting to get the results back... Hopefully it will ultimately lead to big things..

Talks of SP in the £ may be discouraging for some, but at 30p that represents a great return for any new investor.

That explains the large after hour trades. Think it is unlikely we will start at 24 p on Monday, but you never know.

Seem to remember Hydro stating a 10 million buy was happening this week........

As far as I am aware (have not seen full note), Berenberg base their valuation on a peer comparison to other Aussie mid-tier companies, estimate that we have 12.5 Moz and then apply a 50% risk rating = 33p?

Hannam have done a Discount Cash Flow model based on the SW crescent sulphides zone only? They then lay out a clear pathway to future block caving and estimate some potential production numbers, as far as i can tell this block caving is not included in the SP target because the numbers are too uncertain at this stage. This is somewhat understandable, but I think the general excitement regarding Havieron is this potential for block caving, this already is a substantial upside not factored in the estimate.

For the DCM they only focus on the SW crescent zone which will be mined by selective open pit mining. There is also the potential for the NW crescent zone to mined using this method as well, but they do not include this due to a lack of drill data.

I am happy with both SP targets, they are similar but appear to use very different methods. But make no mistake, there is still huge potential upside using either method.

More drilling = more gold = higher SP - fortunately Newcrest are currently undertaking another 65,000 m of drilling.

Nickel prices are at a 6-year high. Nickel share are soaring around the world.

Landore has a pretty decent Nickel sulphide deposit, indeed it has been pointed out on the telegram group that it is comparable to Class One Nickel (who are based nearby in Ontario). Class One Nickels market cap is $100 million, which is just under double Landore's current market cap....As far as I can tell this is Class One Nickels major project and I assume it accounts for most of their market cap.

In contrast, the nickel deposit for Landore is secondary to the ever growing gold deposit, of which further results are due imminently. It is crazy how under the radar this company is. Eventually the market will catch up and there has been confirmation the CEO will be doing some interviews shortly to finally gain a little bit of publicity.

Please see the below links for more info:

*Here is landore's corporate presentation which includes details of its Nickel deposit (page 21): https://www.landore.com/pdf/02_LND_Presentation_Web_February_2021.pdf

* Here is Class One NIckel's corporate presentation (page 11): https://www.class1nickel.com/wp-content/uploads/2021/02/NICO-Feb2021_final.pdf

https://t.me/landore

Calpos - all the below In my onion - why is the share so undervalued?

This is because the company has gone under the radar. Since the gold mining boom post Covid most other junior's were up massively (multiples), Landore kind of missed the boat here for whatever reason. I think this can be linked to the fact the drilling results released a couple of weeks ago were the first drill assays for over a year. Essentially people have forgotten Landore's existence.

But this is changing now, we should now receive drill assays every 3-4 weeks until well into the summer, cummulating in a resource upgrade. This is very easy for prospective investors to understand - there is more gold coming. It is clear from the increased activity on here, twitter and the telegram group that more and more people are tracking it. I just wish the company started to promote its self a little more - no interviews - not even a CEO comment in the last drilling RNS but I am sure that will change.

The great thing here is that there is such a small free-float, its something like 40 shareholders own 90% of the company apparently.... it will only take a little more interest to get this seriously moving and when it gets moving it will attracts more buyers because of FOMO .... when this happens it is not unusual for an undervalued company to shoot way past any fair valuation. It is very difficult to say when the real rise will start, but i dont think it is far off.

Here are the live prospects near the new tenement, which is next to the highlighted block in the top right. Looks like a Potash/Copper/Gold region. I wonder what made them go for it?

https://ibb.co/DLnxZZd

They sold a chunk in the high 30s because it was over their allowance. They are not really a big holder, certainly not enough to cause this move...

The thing is when you look at the share register there is no obvious big holder (50 million shares +) who could be selling, its not Starvest, CB, GH, VanEck or Blackrock....

Its not GDXJ and its not Gervaise. The latter only bought at these prices 2 weeks ago, hardly going to sell for lower two weeks later.