Member Info for madsktpan

Overdue AR is really what we desperately need to have sight of UR. Given the past 6 months, it'd surely be virtually impossible now for BH not to spell out in layman's terms the state of play & direction of travel. And not hide behind a mumbo-jumbo technical RNS.

I'm really hoping the delay in producing the AR is all down to details not being ironed out with corporate deal under consideration/negotiation. Anything else, to me, will be a massive anti-climax. Might even make me jump ship.

BTW Michu - meant to add earlier - Auditors don't sign off Annual Reports.

They've got at least 6 months before the Regulators will have any issue about LND publishing accounts. Irrespective of COVID.

I would have thought signing off these accounts (especially given the degree of activity) would be a bread & butter rubber stamp job to the likes of Grant Thornton.......... but it certainly wouldn't have helped having an original Non-Ex now Finance Director having to rely on a waste of space outgoing FD on an ad hoc basis (as published).

Well girls - the long awaited AR has never been published so late. Historically always been published in May, although the last 2 years have been in early June. Guess you can make a case either way for that being a positive or negative.

If they are not currently engaged in major discussions/negotiations regarding a corporate deal - then it does beggar the question "what the **** are they actually doing day to day"?????? The updates reported in early 2020 were really about work carried out in 2019. There's been no specific pre-planned activities in 2020. And here we are coming to end of 6 months of 2020.

It's an uncomfortable feeling having little option left but to trust folks who for 15 years have done little to make you feel confident there's going to be a happy ending to this saga.

Roll on Suspension Day.

'got' not 'good'. Can't spell either!!

Apologies Michu - might have good my maths a tad wrong there with back of fag packet calcs.

Yes UR - it surely can only point to one thing. That's if you discount Co being mothballed. And I really will fall on me sword if that happens. It appears no actual operational work being carried out during 2020 so far. None that has been previously mentioned at any rate. All we have had is RNSs relating to matters started last year and finished early this year.

Michu. You have got me all wrong ;) Take my hat off to you banking £500 profit. You must have bought in at the bottom and/or sold min 1m stock. Well done.

Know exactly how you're feeling Dirk. Looking back I think I must have been MAD to have let myself become a LTH of this stock.
What did it start trading at on AIM when it moved over from TSX? 6p or something similar??? FFS. And bizarrely LND is a FAR more valuable Company today based solely on asset value(s). Just shows what an effing ***t market AIM is. And the damage all those Placements over 15 years have done.
I did make a £3k odd profit on some LND stock. But that is soooooo long ago I can't remember even the year........ 2009 maybe.

I still expect there will be a RNS published reasonably soon saying share trading has been temporarily suspended.
Watch this space.

Good for you Michu. Hope you can get back in under 0.8p. Assume everyone here is rooting for you!!! Enjoy your night out with the profits banked so far.

Nice to see the 1 million buyer return.
Disappointing this backtracking but probably inevitable on AIM.
UR - not sure about the AGM/AR. Guernsey is usually the venue. Flights in & out? Can they hold via video link?

I can add that they are still all ****-a-hoop down at Madame Una's parlour and confident we'll see 5-8p in the not too distant future.

Let's hope today isn't just a case of the PI herd/sheep mentality looking to make a fast buck of £50 - £100 on a T trade.

Just got in from a round of golf......... WOW........... still a looooong way to go for me before I'm doing a highland jig. But it's a promising recovery play.

End game coming soon.

8%.
Could be a bumper week??!!

2 crumbs of comfort for me:-

1) They had every justification at certain points when they could have folded due to lack of working capital. But they didn't.
2) They (Prickett & Humphries) must be as keen as anyone to see an end game materialise. Especially BH who has invested a considerable sum of money here. Have no idea exactly how much but it must be well over £10 million by now. Probably nearer the £20 million mark.

Dirk

I'm only bullish about an end game coming soon. If it doesn't then I might consider slashing my wrists.

I've only been negative on this Co because of the way it has been run. Like a private company. Like a old fashioned Members Club for the chosen few. Being listed on AIM was only a means to an end for fundraising purposes.
Forgetting about the p*ss poor share price performance over most of the past 15 years.......... if I'd known they were going to behave the way they have (especially during the Prickett reign as CEO) I would never have invested. Trouble was I was always sitting on a paper loss even when I averaged down. And thought things could only get better. How wrong I was.

Hopefully it's pay-back time. Soon.
The alternative doesn't bear thinking about!!!

Dirk

My impression is BH is 'old school' and has quite a few Premier League connections on a personal level gained over so many years. Especially when he was with PGD when one (Barrick) effectively bailed him out, without favour.

We surely are about to hear what's going on soon. It'd be difficult for them to publish an AR without doing so. And that is due any day/week now.

As Dirk rightly says "FFS".
As Drusus wrongly says "yes you are 100 % right about going it alone".

You have an 80 year old CEO living in some care home in Italy. An elderly temp FD just brought on board a couple of months back to work with the assistance of the retired FD. And a young lady on gardening leave at base in Canada.

FFS indeed - is this really the makeup of a Company here for the long haul???????

Sorry for the cynical (& largely deliberately exaggerated) comments. Exaggerated only to make my point!!!

End game coming soon imho. Watch this space.

With LND's other project (nickel) BH used to tell us how much CAPEX was expected to be required for the plant and how much the estimated costs were in terms of operation + refining + transportation + smelting in terms of $ per tonne....... so that it was pretty clear what the profit margin was.

I suppose there's a good reason why we don't have that for LND's other major project (ie BAM). Just that I don't know what it is. Would make it a damn sight easier to follow as a layman or PI.

Sorry Drusus - think I might have confused you with another poster.