Member Info for BodRuncie

Croda is possibly Itaconix's most important customer, so seeing Croda's demand increasing, especially in times of such economic turmoil and pessimistic outlook, is a very encouraging read-across for ITX. They are called out in all but name in Croda's report.

This kind of bellwether is what PIs should look for when investing :)

There is no immediate rush for ITX to upgrade their forecasts, no need to create undue expectations. The board prefers to undersell and overdeliver.

If you're a short-term trader, or looking to make a quick buck, then who knows what will happen to the share price in the next few weeks. Without any blockbuster news, share prices (especially AIM) will tend to drift downwards.

But these are the times for PIs to add to their long-term holdings with confidence. There is a strong, confident board in place, selling a timely (Eco/net zero) product whose demand is increasing among big industry players. I reckon the sp will be above 12p in 12 months' time regardless of economic headwinds, but whether it does so via 4p or 8p in the short-term, who knows?

Large share sales are most likely people who got in at the 10p placing, flipping shares for a 15% profit.

Or PIs who bought a speculative chunk at 10p+, selling for 10% profit.

Either way, once these churn through it will create a more stable higher floor (still atrocious, but a positive given the wider economic circs), ready for the next step up into news.

Oh dear, your statement could be copy&pasted to any number of shares where PIs lose money.

1. DYOR
2. Read the company's RNSs, especially financial reports.
3. Then come back with any questions.

It's an excellent set of results, yet again. Superb board and management, not to mention products.

GAW got sold off in Covid, people said it wouldn't do well in lockdown. GAW got sold off after lockdown, people said it was a lockdown stock. GAW got sold off in the current inflation/recession fears, saying people will have no discretionary income to spend on its products.

But the results speak for themselves. Consistent growth, despite every financial headwind thrown its way. Increased manufacturing in the USA, new 30k Heresy refreshed setting, new WarCry edition on the way, rumours of 40k 10th edition next summer... Darktide video game on its way... the future has never looked brighter.

I've been in since 2016 and it's a solid long-term hold for me.

AM90, thanks again for your thoughtful and detailed take on Landore.

I do appreciate it, and I agree with a lot of what you say. And I would urge everyone to take it into consideration, especially if there is any doubt about their investment.

For my investing style, I like to take the bear case into account as well as the bull case. The truth is usually somewhere between the two, but it's a sliding scale.

If I didn't think so highly of LND's prospects, I wouldn't be heavily invested!

I don't think anyone is disputing the quality or abundance of what Landore have in the ground.

We're investors, not miners, so we are here to make money, not appreciate the geology, and PIs are at the bottom of the pile.

The problem we have at the moment is what will happen to the share price before the assets are (eventually) sold.

We had the absurd exchange last week where mattja and samval tried to convince me that the share price was dropping because there were more buys than sells (!). Of course, it turned out there were large sells that weren't printed until later on, but experienced PIs would know this. While mattja might act like a know-it-all when it comes to geology, he has a lot to learn about the market.

Fewer warrants were exercised (in my opinion) than the company wanted. Warrant-holders know the company is over a barrel, and can hold out for further warrants/issued shares at a cheaper price, which (again, imo) is why we are seeing the share price drop.

The company is fully funded for a drill and another few months, but that time will pass quickly and then if no majors have bitten (and they haven't so far), then there will be an urgent need to raise more funds.

Any prospective buyer will see that the clock is ticking for Landore, and will think they can make a reduced offer. Landore can either accept this reduced offer, or raise funds from the market to obtain a stronger negotiating position.

What is clear is that there has not been sufficient interest so far, and there is no sign of a bidding war.

Bill & Co are happy to keep raising funds, keep ekeing out the drilling, keep handing out options.

I have a very large (for me) stake in LND already, and I am underwater, and getting progressively more so. I have a small amount of cash ready to deploy into LND when I feel the time is right. The bear case for LND has two scenarios (outlined above) where there will be a need for further funds, and what at price would any future raise be conducted?

If one wants to make money from investing in Landore, it would be silly to ignore market conditions just because of the quality and abundance of what Landore has in the ground.

Quality company, excellent board, solidly upward trajectory.

There never was anything wrong with BOOM, it was a distressed massive seller.

Same here, Skid. I haven't bought and haven't sold.

I have enough of these already, and it's time for the company to start completing some of those 2021 delayed deals.

Share price is up 4-5% since your post less than 24 hours ago saying that the share price has peaked.

I'll stick to my own plan, thanks :)

The problem is that PIs are always the last to know.

The buys/sells that are visibly stated are not the whole picture.

Doesn't matter how many took up warrants at 20p, doesn't matter what lse.co.uk tells you, shares drop 7% because there are more sells than buys.

Think about it, shares don't rise 7% because there are more sells than buys...

The share price doesn't drop 7% if there are more buys than sells...

I'd hate to think what the sp reaction would be like if this were bad news...

I am not clear on the part of the RNS that refers to the "unwinding of a facility agreement over 908,250 shares".

Is there anyone who could explain it? (2phevs?)

AAQUA were never very well-endowed cash-wise, iirc, which is why their £12 takeover offer consisted mainly of (unlisted) AAQUA shares rather than £££.

Must be a forced sale because they have destroyed so much of their own (remaining) shareholding value.

From the share price action it seems the large seller is still in effect, so I'm assuming AAQUA are still selling down.

The BOOM BoD will probably have to chase them up for another TR-1.

Won't be long until the next dividend is announced, so probably not topped out just yet.

Ideally, if relations were good between a large shareholder and a company, the seller would liaise with the company's brokers to arrange a private sale to interested buyers. I'm guessing, from AAQUA's failed low-ball takeover offer and the subsequent frosty stand-off, there is no love lost between the two.

But the share price will recover from here unless AAQUA decide to offload more.

Holders have an obligation to report passing through every 1% (above a total of 3%), but some act like sneaks or share-price-bullies and don't bother until they've sold a big chunk.

There's nothing that can be done to those who don't report in a timely manner, but it is poor manners.

Does that mean it's now time to sell if Tit Winnifroth is backing (pumping to dump) this!?

I'm just gonna ignore everything that piece of excrement says and hold onto my shares.