Member Info for jh2704

I honestly thought I was so clever spotting this at ipo at 100p a few years ago

Turns out I am not clever

Seems unfair that we are punished 15% with the latest duster when there was nothing in the sp priced in for success.

That’s life. Back to sleep on here for me for another 18months at least

Good luck all

Cheers. I was in the ballpark lol

Corporate transaction proposed for tern to buy pires. We own 23% of pires

Weirdly the July drilling is a threat. Inferred gold is priced Lowe than proven gold. As drilling progresses inferred gold is proven so the price goes up

The longer they drill the more it’s going to cost any potential acquirer

Bills stated timeline on the q&a after the presentation was months for a corporate transaction
Hope that helps

The broker got 4% of the placing shares for his fee. My view is they are being sold. Soon be gone if I am right

Oops sorry. Already posted here by the author earlier

Let’s hope we see some sp rise to remove any depression we have

Wow what a bullish presentation. Time to get these golden tickets cheap while you can, sale imminent with a target price of 80p+. Still cheap for the resource that Landore has, current mcap doesn't even cover Nickel, let alone gold.

As an example recent sale of a company Bill gace was a company with 600m oz that sold for £50m. We have 1500m oz proven with a potential of 5m oz, plus the Nickel and trading at just £20m, it's laughable. BOD have mafe it clear they expet to sell within a few months.

Post on Twitter from someone that was there

We are in agreement madsktpan

It’s either a mega offer acceptable to bill or we drill until he dies

it is to Bill...how many years of his life? and whats his average? 55p without adjusting for opportunity cost and inflation...

you and I would take any deal...Why would Bill take a deal that isnt mega??

I hope I am wrong

we agree on it all except Bill will not take 80P a share. He is rich, doesnt need the money and will not end his career on a perceived failure at 80p.....he would rather drill until he dies

and I would today settle for anything over 100p

i dont think we will get 250p...But Bill wont sell for 82P...We are drilling...I am not deluded

There is little free float here. Most shares held by sprott and bod. The plus is that no one can build a stake and mount a hostile takeover at a price based on our current sp. The minus is no ii is interested in building a stake. We are too small for them to bother with and there aren’t enough shares to gain their interest

So the plus is the sale price will be agreed by the bod and sprott. We really won’t get a say. So saying we would be happy with 83p or 200p or whatever won’t matter a joy in the endgame

Bills av is above 55p however you calculate it. He is a rich man. He didn’t need to sell ever. He is 82. Ever isn’t that long for him. Put yourself in his shoes Is he going to sell his later life’s work for 82p. No why would he?

Is he going to want a massive premium to crown his life’s work? I would if I was him. So we either sell for a price all of us would dream of (250p+) or bill will die still negotiating the deal.

Just my opinion. But my albatross n2mu might be correct and no sale this year. But if there is a sale expect it to be for a price higher than you hoped

Tonight will be interesting

All agree landore has the right goods in the right place at the right time. No doubt there will be interest from multiple parties, all with cash being eroded by inflation

The question mark is whether the bod (bill specifically) has the desire to get a deal over the line. He will want a great price (not just a good price) so it will take time and before nm2 says it, might never happen

I myself believe bill will get a deal. Maybe that’s my bias. Time will tell. I am locked in for the duration

Good luck all

Funded until end 2023 should put to bed the issue of potential dilution thru any raise

Utter sh it. Should have been impossible to c ock this up

No better time to sell really Inflation high. Big players flush with cash that loses value daily. Sterling down against most currencies Metal prices up and going up further.

Safe jurisdiction. Bod done it before. Articulated strategy to sell

It’s hard to **** this up you would think

We need an rns saying we have had offers for gold but turned them down

Worked wonders at thg on their sp today

Most shares are in sticky hands so there is a small free float

For all practical purposes tgat means there is no chance of a predator building a significant enough position to initiate a hostile takeover

As another poster says any sale will be based on the asset prices in the market and not our lowly share price

And of course for the purpose of balance there will be no sale because the bod haven’t sold it before (I hope you all can see the flaw in that logic)

Sp a bit mad. Somebody has been dumping 8 million shares

Smarttech rto into ccap will add up to 2.5 to the present nav of about 1.5. That’s a month or so away

Then we have a low6 ipo

And Pluto will be doing similar
Meanwhile we yield 5% or so

The market is bonkers here imho