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I agree. I don’t think this is landore specific. I think it’s just someone who has got in trouble selling off and that starts people thinking
Next week isn’t your typical binary event. Even in the unlikely circumstance where no firm in the world wants to discuss buying a ****load of gold and nickel then all the assets are still there and worth multiples of the sp
With oil people derisk just before a binary event. This is not the same
It will get sold eventually.
An ipo is fine for us in rgo
I think from what I read we will get a tech update on gold before end sep which shows we have more gold than we ever thought. However I don’t expect it to move the sp as everyone seems greedily to want the monetization plan
I personally can’t see why multiple majors don’t want to enter phase 2 negotiations. So end sep should be good
But wtfdik? I thought traders would be all over us now and sp back up to 25p. Not 17.5p!
There was a forced seller. I assumed that the 1.7m sale a few weeks ago was the last of his holding but it might not have been. He might still be around. He was also on Ben and chil. So if they are still going down it might be a clue…
There is also the derisk crew who sell a portion of their holding before any event they classify as binary
And I also know of one holder who sold half of all his holdings because he didn’t like the macro environment and needed a lump of money to buy a house next year. He sold over 350k shares 2 weeks ago
Hope that helps
Agree. Great posts Matt. Even the well researched like a bit of positive reinforcement occasionally.
I hear a lot price is king (Borg and others). I also hear the market rarely gets it as wrong as this quite a bit
Eventually value will prevail. A company like landore eventually has to realize value thru an asset sale. It’s just pure logic. There is no viable alternative
As far as I can see the bod have done everything correctly in the last 18 months or so. We have a timeline. Mad to even think of selling given how close we are to a big milestone at end of Feb. this isn’t really a binary play where you derisk just before an event (oil is an example). Even in the unlikely event no one is prepared to enter phase 2 negotiations (I can’t see that happening) then the gold and other metals are still there and proven. They won’t disappear overnight and they are valued at over 100p per share Conservatively and possibly several multiples of that
Switch off and wait for the news is my personal plan
Gl all whatever you decide to do
Are people still engaging with amtech? I see from strummer post amtech is still stuck on repeat. I filtered him weeks ago. While I sympathize with his position on mgt moving slowly and imminent meaning more than a year…I personally don’t want to read about it daily
Let’s hope dee point is accurate. After the sep warrants lapse we might then get news. Until news then this for me is just bottom drawer. What else can I do? Story is sti strong for graphite
In this market any news would have been sold into making it worthless Perhaps a blessing no news?
Imagine an rns after sep when warrants gave expired saying Tanzanian govt split agreed, offtake agreements in place and mine build underway. It would be perfect and should be achievable
Unless Matt is the c##nt some think he is. If he is then his family and friends should really lynch him
Sorry. My previous post was about why you can’t buy rgo on Hargreaves platform currently
If you are on hl it is because hl have applied mifid2 rules to several shares that the rules aren’t applicable to. Blu and rgo are 2 that I know about
So until rgo sort it out by either convincing hl that mifid2 does not apply to them or alternatively just supply hl with some form with zeros on it (costs and charges I think) then you can’t buy on hl
You can buy on other platforms
Good post dee. Using a previous agreement as a template seems sound to me. My conspiracy theorist self thinks they had some slippage and then realized by keeping radio silence another 3 months or so they would screw kabunga out of any profit he might get on his 5million 3p options. We get less dilution and less drag on the share price as kabunga forward sells them
I have no facts to back this up with. Just a theory while I wait for news in October.