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The only way we are going to see a change in the downward trend is for a series of RNS providing good news. The share price is just finding its way lower knowing there is a raise on the way.
Https://www.gowebcasting.com/conferences/2023/09/12/precious-metals-summit/day/2
The presentation is on the page above, apparently the Toronto listing is imminent. Good to see a plan in place regarding drilling as well.
One thing I would add is that I think the company needs to put out a clear timeline of what is going to happen in the next 12 months and how they need to proceed towards to their targets. This would provide reassurance to shareholders of the progression and make the board accountable.
Understand the need for action but surely trying to sell this after the next round of drills to get up to 2MOz would put LND in a better position?
The communication 100% needs to improve and the share price is diabolical right now but what's the point of trying to force a sale when the amounts we have aren't what the larger parties require for a purchase?
So the RNS is out and it's basically what we all expected it to be. The majors want 2M in order to proceed with a purchase. Seems like waiting another year for things to get sorted here. I have no doubt that some investors will be less than happy and sell out of here which will see the price move down especially given that there will be possibly funding required. However, I am positive on the news as they know what they need to get to now. Hopefully with the drilling resuming we can get to 2M by the end of the year and finally sell up.
Interested to hear thoughts on what is causing this sudden jump quite a few trading days after the last RNS. My thoughts on possibilities are listed below:
Leaky ship - someone or a group have been told some sort of information not privy to the public and are buying up.
Shares are being bought up by either a fund or by a company looking to acquire.
A fund could have been short on WSBN and is having to wind down their position in order to cover other margin calls elsewhere.
What are your thoughts?
I've reached out to the company via their website and waiting on a response about their communication. I've said it's simply not been good enough so far and the organisation needs to improve on providing information to us, the shareholders. When there are delays they need to inform us why in a timely fashion and at the moment I feel their side of the bargain hasn't been kept.
I hope some of the messages recently asking for Bill to leave and for there to be a shake up are a joke. The amount of patience on this board is incredibly low. Its like people think that a takeover can happen in a matter of hours rather than a period of months/years. Bill has a proven track record of providing value to an organisation . I have no doubt that he is prepping us for a takeover or some sort of big deal and that's pretty obvious from all the messaging and movements in the last few months. My advice for if your are worrying about the share price day to day, buy your shares and throw away the key until this time next year. If there hasn't been much movement by then, that's when you should start getting angry, not on a daily basis. Patience is the key to making money in the long term investing game.
This webinar has been great to watch. They're going to push for further marketing, Bill thinks 4MOz is still possible, feels that more battery metals there to be found and both Glenn & Bill aren't happy with the share price in the slightest. I'll be topping up more tomorrow at these prices. Plus there's another Q&A they're trying to book in as well, great news!
great to see the warrants come in above the share price , that's what we like to see!