Member Info for JB73

Call me cynical if you like, but I did wonder if management ran this into the ground deliberately in order to average down and/or buy in at dirt cheap levels before running it back up.

Alamos gold CEO saying that producers now look at projects for YEARS on the run up to acquiring them.

Don't we know it.

Given that Alamos own one of the mines on the presentation map of 'who's already mining gold in Ontario' it's well worth a watch.

Looks like Claude has been brought in to do the final, detailed and specific geological work required in order to de-risk Bam and meet this kind of CEO's requirements.

https://www.youtube.com/watch?v=_zrqOm2zz5g

Almost 10% down on two tiny sales because an already well expected raise is effectively announced?

AIM criminality at its finest.

Lithium is a common element with too much excitement around it. This was a good move IMO.

If Claude keeps adding little steps together some of us might be able to take our scuba gear off and switch to just using a snorkel soon.

Apparent selling but the price ticks up?

Could these be buys from last week? Claude starting to buy in?

A theory at best, but we do want a CEO incentivised to make millions for himself quickly by realising true value rather than one who's lifestyle drilling for a salary.

So.... not in at the moment then Ronaldo? ;-)

Sprott still in. Claude can see it and has a ridiculous track record/CV. He's close to Rob McEwen and goes way back with him (see link below). Imagine the doors he can open with these kinds of contacts.

These people are not mugs. They are proper, deep in the industry, well connected experts. Gold is rising again.

But you can't give shares away to AIM punters at 9.5p. They know better than to buy in here. Apparently.

Make it make sense.

https://www.mining.com/rob-mcewen-looking-ahead-of-the-curve/

Fancy being able to attend the EGM electronically!

The new guy is defo marking his stall out. It's a totally new approach. He's getting stuff done pronto.

Lots of tweeting about the nickel of late.

I may be delusional, but I do recall lots of tweeting about the lithium last year as interest from external parties was brewing there.

Thanks for clarifying. They write in that legal gobbledygook style which doesn't make an awful lot of sense to me.

Agreed AM90. Sell on RNS brigade/traders were going at it again this morning.

Bill going. Sounds like a new CEO is close. Maybe a dual listing and a Canadian based person?

The AGM info appears to me to say that if and when they need to raise it'd be done with an 'offering of rights' (rights offering?). Happy to be corrected, but that's where all shareholders are democratically offered to take part in any raise is it not? If up to a further 15m shares in circulation is what's needed on top of the other income streams here over the next year or so to finish the job and get a sensible offer for a 2moz deposit I'd participate and be happy enough. It's the moral way to raise an extra bit including everybody if they do end up needing it. Fairness is good for sentiment and it'd be cool to just be included in the process as part of the journey. All good experience.

A new, fair, democratic Landore with a new CEO? Doesn't seem like bad news.

Yahoo says Bill was born in 1941 which makes him 82 this year.

I just went on the ONS mortality tables and the average remaining life expectancy for a British male who's made it to 82 is 7.26 years. Bill is Australian, but it can't be all that different.

He's sat on 5.7 million shares radically underwater after all these years and statistically time is not on his side.

As morbid as it is, we've all got an expiry date.

Personally I'd have thought Glenn would be the obvious interim CEO if they need one, but a proper and suitable replacement who knows what they're doing before the AGM would be a real win for everybody.

All this talk of "developing the strategic metals" reminds me of last year when they started talking about working on the lithium. Don't expect they'll be doing it in house. Fishing for a GT1 equivalent for that I think.

Also interesting;

"due to the prevailing challenging market conditions the Group did not believe it to be possible to maximise the value of the Group's assets through a corporate transaction. Accordingly, the Group determined that it would be in shareholders' best interests for management to continue to focus on developing the value within existing assets in the near term."

Doesn't say that they didn't get an offer of some sort. The way I'm reading it, it says Landore pulled out. Implies inadequate money on the table rather than a lack of any money at all. At 2moz & PFS perhaps there will be an easy match? Who knows.

Anyway, change is coming.

I agree Catbert. The odds of some surprise or another are not zero. Hence my bed and isa trades this morning. Just in case something unexpected happens.

Both the 119k 'sells' and 44k 'sells' showing here were mine (one sell, one buy). LSE showing all as sells. Just about as good as the Landore website is this thing! It is 2023, right? I suspect those reading price action are more sophisticated and aren't also panic selling when they see 'selling' that isn't selling, but god knows.

Also in full agreement about marketing etc. They really should have recruited somebody youthful with some spunk in them to do that, ideally several years ago. There's an old interview somewhere with Rick Rule where he says $10m companies can become $70m dollar companies with marketing alone. IMO it is complete idiocy to have made such little effort on this front. If Bill had done this over the years the dilution would have been lower and he wouldn't need such a good offer for a buyout.

In full agreement with the sentiment/analysis here yesterday. Some very wise posting IMO. The baby has well and truly gone out with the bathwater on this one over the last few months. This market is wild. Panic selling drives panic selling and it's gotten properly out of hand here.

Bill needs to pass the baton with some dignity, accept that it's now a relay race and that he's well into his 80's. It's no time to be trying to make a sprint finish. Sit on the beach. Enjoy the fruits of his labour. Watch somebody else finish the job here.

Come on Bankrupty.

This isn't a punt that's contingent on $5,000 gold. NPV has doubled by $2340. The sensitivity of projects like this one to moderate increases in the gold price is exactly why Sprott is in here.

What percentage of NPV would 25p be at $5k gold?

New CEO?
New Broker? (can't wait to read the note!)
Unexpected nickel deal?
Good news at GT1 or Storm Ex?
Catching up with the sector's bull market?
Unexpected gold offer? (even if cheeky and low ball)

Assuming it's true HillparkTC (and I have no reason to doubt it) you've got to imagine Glenn must be fuming at this stage.

Do a good chunk of the work, massive opportunity cost, anybody who cares to can pay 1/4 of what you did for shares.

Absolutely ridiculous situation.

It is starting to appear Samroy, that the only news that's going to actually shift this upwards into a more sensible range is Bill officially retiring and a replacement being installed.

Root lake royalty money. Lithium deal. Cenkos sacked. Other gold explorers moving up. Nothing is starting a new uptrend. It's stuck.

Bill mentioned in a podcast that they'd been doing succession planning for him stepping down years ago. That he was never really supposed to be CEO, just that they couldn't really afford a CEO at the time, so he stepped up.

It's been months since he spoke about more time on the beach. There must surely be some likely candidates by now? It's obviously got to be the right one, but come on. Give Eric a call FFS- he must know somebody who could pick the ball up and run with it?!

Time is of the essence. The bull market is well and truly on again and this just sits here. I've been living through GDX for almost six months. It was a joke some way back. A total refresh is due. Junior Lake deserves it.

Sound advice....

https://twitter.com/goldseek/status/1646518834923458562