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Two mil or not to 2 mil - Yes I did have to look up which play it has haha
thanks for cross posting guys but im not interested....JV nearly concluded here and drilling to re-start....huge re-rate due here at some point very soon as never in a million years is this only worth 11m mcap....hold your shares tight as its not long until this starts moving in the right direction above the year high
About the SP...I really hoped the company had turned a leaf when it came to comms..Prof clearly said 3rd of 4th of Jan drilling starts it wouldnt have hurt to put an RNS out with the drilling details and update on assays from last years drilling....im still expecting an RNS this week with a further update but this level of SP is doing my head in. How can a company with 500 oz of gold and more than 50% of the important paperwork signed for a JV with a billion dollar company be at this level....rant over..im off to watch the news about COVID to cheer me up
Holding above $1800 which makes the current 1 million Oz very profitable never mind any upgrade to 1.3 -1.5m Oz on the MRE due any day now
Remember drills are fully funded via the JV and we will have £1m for other costs and Finland drilling….I can see another JV agreed for Finland or other licenses by year end. It’s all happening here and gold is holding above $1800
This share is going to move fast towards 3 figures once matters progress even if we dont build on the 500oz we currently have. The prof has stated there is between 1million and 10million oz across all the liceses so if we get the minimum 1 million oz then thats the region of 250p share price. We could have 10 bags from here within 1-2 years depending on the pace of drilling....Mr Death talks about opposition to the mining license but gold exploration in Mali, Chad and other highly unstable African regions warrants a share increase but the stable mining region of Ireland does not according to you. Go figure.....I was invested in OBC once and they had a similar poster on there that plagued the BB every day for months and months until the SP rose to a level at which they just gave up. The business model will do the talking here and watch the SP rise......SP rise incoming v.soon....
Looks to me like the ridiculous drop in share price has ended and its turning. This will be a significant re-rate in the next few months once JV confirmed and drilling starts. Personally I see close to 100p once all confirmed and drilling starts if everything is as the prof has said verbally. Multiple rigs, JV everything signed etc
If I had spare cash I would top up as well but I’m under water now as averaged up to a decent size holding here! Once the brakes are off and this is back at more sensible levels I’ll be topping up as I’ll have some cash then!
The sillier the price is dragged down to the greater the rise is going to be when it pings back up. There is no way we will stay at these levels when we have all this for a 12million macap ….JV deal (2 out of 3 lots of JV paperwork done - EGM and license transfer - just waiting for gov to do the paperwork which is a formality) with a partner as large as demir, on top of the £900mil 517,000 ounce of proven gold with gold hit outside of that at clontibret and all other targets
Also mentioned they believe they can expand to 1million ounces quickly once they have multiple drills going at the same time in 2022…all fully funded and £1m to cgnr once 3rd and final piece of JV paperwork signed. Soon we will be laughing at these prices as the SP is way up on todays price
I think this will re rate to double the current SP at least possibly even treble in the next quarter once licenses are signed over. There is no other co on AIM with a million dollar partner trading at a crappy £14m Mcap ….let’s see what the drilling news says this week hopefully as the prof said it was starting tomorrow but will they RNS it ?
After the EGM and todays signing that should have been enough to get us to a more sensible Mcap….Prof is an ex government minister he knows how things work and discussions have been ongoing for years about the permits etc
If we were already at the 80p share price range today before this news you could say the sell on news brigade sold but at £14m Mcap NOTHING is priced in…this is going north in a big way very soon.
If we had todays RNS last week I would have said a nailed on 50p plus with £1 once drilling re starts this week…as it is we are back to low 30s…unbelievable
How can this have gone red after that news? One day very soon this will have a massive re rate
If the 3 figures in the RNS total 1.5-2m Oz as you suggest then I would suspect we are looking at a 3 figure sale price! I’ve had enough mince pies and booze to last a life time I’m ready for the market to re-open!!
Increased drilling campaign starting from the 4th of Jan that’s what the prof said in more than one interview in November and December
After the recent EGM I thought this BB would be buzzing. Let’s get that drilling RNS this week and then we will come alive!! This must be the smallest Mcap on AIM due the biggest rerate due on further confirmation of JV, permits and drilling. It really is all to play for at this level of Mcap….
A great post. What’s interesting is that June to October there was a drilling update every month. October was a more comprehensive update and they stated update due in December which is overdue. Obviously assay delays have been stated by some but I personally thing big news due in January I just hope it’s early January as I’m bursting with excitement now for what this year brings for LND. I don’t think it will be a sleepy year that’s for sure with gold holding above $1800
A company defining year as drilling for gold ends, the for sale sign goes up and drilling starts on the perceived billions of pounds of battery Metals
The date was very specific so assume drills are on site and the staff turn up ready to go on the 4th after eating turkey….expecting an RNS next week with drilling up date. Considering there is so much going to happen in Q1 it will be raining RNSs