Member Info for JB73

Expart, I'm glad you're back posting on here too! I did like what you wrote at the time, it was an enormous breath of fresh air and certainly added some value to the board.

What I am finding odd at the moment is the number of people who have (or at least claim to have) a decent holding here and yet it's still in the gutter. I've lost count of the number of folks claiming they're 1% plus or minus a bit, then there's Sprott, Bill, Glenn, Prim....perhaps I am being naive and there are a lot of liars but it doesn't look like there's an awful lot of shares left?

Brakken, I don't know of that Rashad Hajiyev bloke, but to my eyes his charting is pretty sensible. Basic stuff done in a market with enough volume tends to yield reasonable likelihood of being correct over a short time period.

Catbert, for me that second peak which caused a 'double top' was entirely war driven panic- temporary and misleading noise. The 'triple bottom' does encourage me though. On the monthly chart it's very similar to the triple bottom that formed before the 2018-2020 run I referred to. I like to keep it simple. Assuming the December 2025 price is $2106 or so and inflation has cooled massively or gone away then the gold project here is radically profitable. Could this price roughly coincide with first pour?

Bankrupty, I do retain a somewhat open mind to all kinds of scenarios, but I think a repeat of the 1970s is unlikely. Gold had been pegged to $35 dollars and while the current monetary system is unarguably an indebted mess of shenanigans, for me this is an extreme and unlikely outcome. What new creative accounting methods will we see after the next recession? Who knows.

My base case on the macro for gold is that we're most likely to see a repeat of the run we had from the end of 2018 (when the fed last stopped hiking rates) to summer 2020. Gold is stair stepping its way up, slightly lagging GDXJ.... which I intend to live vicariously through until Landore gets going! Landore is always late with everything and that includes joining the party, right?

I'm open to the idea that gold could be temporarily interrupted by a serious liquidity crisis as per the March 2020 flash crash, but otherwise I think it looks extremely healthy.

We're getting close...

https://www.cnbc.com/2022/11/23/fed-minutes-november-2022.html?__source=iosappshare%7Ccom.gettr.gettr.share

Not that I expect it to dramatically alter what the going rate for the gold here is, as producers have to think over very long timescales. It won't half shift the sentiment though...difficult for Landore's share price to swim in the opposite direction on such a sustained gold run. I'm not of the opinion we'll see $10,000 dollar gold or any of that, but we absolutely don't need to. Fears about this being a 'marginal' project (which I think are DRASTICALLY unfair anyway) will soon evaporate as we go up past $1,800 to $2000 and maybe higher. That's the future I'm imagining anyway.....$2,000+ is not a big stretch for my imagination...$3,000 is not totally unbelievable but I'd be staggered if it went above that or held there. I'm looking at the future as not so different to the past...not basing my investment here on any extreme or radically unlikely scenario...just a fairly similar repeat of recent historical events. No 'hyperinflation' or 'death of the dollar' stuff required to do very nicely indeed from these absolutely shattered levels.

That people trade gold explorers like they're leveraged gold ETFs that depend on today's gold price always surprises me, but that's what they do. Who am I to judge what's happened to the share price here?!

Let's see how it plays out.

GDXJ making a new 'higher high' today.

It's becoming a pattern of 'higher highs' and 'higher lows'.

AKA, uptrend!

It's very simplistic compared to all that stuff about real rates, bond yields, FOMC meetings, CPI, PPI and all the rest of it, but it works.

The tailwind he cometh.

We had some topgun the other day, so keeping with the 80's theme, how about some A-Team?

"I love it when a plan comes together."

What I wanted to know were the specific geological and economic reasons this project is an 'unsaleable' disaster. The NPV is decent, the IRR is excellent and the capex is low. Nobody here appears to have done their own calculations showing that this is no longer the case.

The previous PEA had the project in the lowest 25% by AISC- $800 or so. The cost increases in the latest PEA appear related to inflation that is going away. The last couple of years have obviously been tricky for producers, so the idea that the dust needs to settle on what the world looks like in terms of costs for them to know what they can afford to pay for Junior Lake does not seem unreasonable. We have gone through a couple of years of completely unprecedented mess.

I'm also of the mentality that a quick and easy deal is a bad deal. If somebody had ripped Bill's hand off in the first couple of months it would mean that he didn't ask for enough.

What exactly was there in your original post to 'engage' with StanAccy?

There were no details regarding specific concerns you have about the geology or economics of the project.

I just called it out for what it was. Non specific de-ramping with absolutely no substance to it.

If you've a solid argument to make about the future of the gold price or input costs that's based on evidence then please fire away. This board did once contain a higher proportion of well thought through, detailed and knowledgeable posts.

Perhaps we've gotten off on the wrong foot and you are the poster who can logically explain in numerical or geological terms exactly what is wrong here?

We are all waiting to hear it.

What I read by your comment StanAccy, is that you love the company and what it has, but would like to talk the share price back down to 12p in order to get yourself an even cheaper entry point.

Am I correct?

Landore finds a whole new investor?!

Somebody who's actually holding rather than trading a panic that they've caused themselves by dumping shares?

Good god.

If they can find a few more of those they might actually manage to build their market cap up for once.

Thanks for your post Catbert, it helps with my understanding.

I had figured it was an exploration campaign designed to guide things in the future rather than add significant ounces, so I felt largely neutral this morning.

Obviously there are also people who hope to sell and buy back cheaper by setting off a panic. I guess that's all part of the game, but over time it leaves companies drastically disconnected from any reasonable value.

So the red dot 'news' pops up and it says Landore's 12-month range is 0.12p - 16.65p. Not remotely accurate. The SP was up to 30p at a couple of points in the last year.

Cenkos note today still has gold at $1600. They move Landore's valuation down when gold goes down. When gold goes up?

I might need to fashion a tinfoil hat, but this looks like manipulation to me. Today's news was not brilliant to my amateur eyes, but there are buyers mopping up at least a good chunk of the selling. I hope they're folks who've just calculated that BAM is great value at this level and they aren't involved in a shady scheme where things are dishonestly down valued so people can buy in.

Of course it could just be total, complete and utter uselessness. I don't know about anybody else, but I smell a rat.

Looks to me like they're playing for time.

Not wasting time as such. Any drilling without dilution is good work. All adds to the picture.

But waiting for the sector to recover a bit might be key. I don't think anybody will pay silly money because the gold price goes up. But lots of gold companies have had there share prices smashed since May when this SR started. They may need to raise with equity or whatever to pay for what they want to offer or do with Landore here and might have a much better position to do it in a few months.

Underwater buyer here now. Not easy to do. Might not be intelligent either but I can wait.

Would have made more sense to announce the extension before the end of the last period you'd think though. Would have caused less anxiety and been generally less suspicious given that the management here is not well trusted. It now looks like they were scrabbling about for excuses for total failure and maybe they were? They're so clueless that I did even wonder if they were being shifty deliberately to lower the share price for insiders or long term holders to average down. That might make more sense than being this useless at PR. They may understand rocks but they certainly don't understand people.

Shenanigans galore round here I reckon Bankrupty!

I've never been in a company that's been taken over before, so I've been keeping an eye on these signs for a couple of months now.

Landore have gone from having a few of them to having all of them!

https://www.griproom.com/fun/10-signs-your-company-is-about-to-be-acquired

GDXJ up another 3.5% today!

If there is a buyer they'll be keen to get a deal over the line quickly and quietly before things in the sector get silly to the upside.

Perhaps if you've started receiving serious interest you sack off pointlessly marketing yourself to retail shareholders and focus on selling to the big boys instead?

The failure to say anything for several months or to meaningfully increase marketing says that they know they don't have to.

GDXJ up 15% in a week.

WOOOOP!

Coming soon to an unloved goldie trading on AIM!

Recent real world example of when 'the market' didn't have a clue.

https://www.reuters.com/markets/deals/oz-minerals-rejects-bhps-58-bln-nickel-copper-play-undervalued-2022-08-07/

Don't all turn up at once then will you?

But to get a handle on things from the perspective of an investor would you say it's worth the money or is there a better one?

Thanks.

Just a quick question Matt, is there anywhere that you'd recommend for learning about geology in general?