Member Info for madsktpan

You could of course be right UR about another solo year ahead. I still think not. And certainly hope not.

If you are right then surely they would have stated far more about what drilling & exploration plans they had, with timing etc. They have been VERY vague on that. Why? Can only be 1 of 2 reasons imo. 1) they really have no plans to carry on solo or 2) they don't know how or when they will have the CAD 6.5 million funds to be able to do so, so can't give timings until they have funds in place.

The presentation today is more or less a minor re-hash of the previous one with a few additional facts & figures from PEA. My original thought was it had been produced solely for purposes of presentation material for/when fundraising exercise. Now, I'm not so sure that's the case.

Still have this little niggle of why would GF buy on the open market when he'd be required to participate in any forthcoming fundraising? After all, RP never once in past 15 years bought on the open market. Just a thought!!

........ and they will NOT want to get the SP up............ IF......... they are planning a massive fundraise for the CAD6.5 million. As it'd only mean they'd have to fork out more from their own pockets to participate - not to mention make any fundraising less attractive at a higher level to any major investor(s).

But they WOULD want to see a steady rise IF they thought they were hooking in any prospective takeover offer. Let's face it - the current sp must be an embarrassment at these absurdly low levels for them.

No, not anyone making a formal offer, at any rate.
Maybe, just maybe, & hopefully there's been loads of informal approaches & registering of interest.
When I first saw the presentation RNS this morning I thought "oh sh*t". More digging. More fundraising. More dilution of sp. Then when I actually read the material there's virtually no reference to any of that. And forward planning just got the merest mention of the CAD6.5 million in the whopping 300 page technical report.
The buying of the stock hasn't been massive - but it's been steady of late.

UR - no drilling done that you were expecting in Q1. I always thought that was unlikely. I really don't think they have the funds. Not at present.

Another way of looking at it UR.............. IF........ it was the case that GF was aware of or involved in discussions that he had high hopes would materialise into becoming a formal deal he would want to load up at the earliest opportunity. He wouldn't want to leave it until just before any announcement, otherwise that'd look iffy. And if he left it until an announcement it'd cost him considerably more to purchase any shares on the open market. Just a thought!!

BTW - I've got a shelf full of LND ARs. And I notice that although last years was mid June the previous 4 years to that the Finals were published in May. Sometimes early May. Probably Prickett had eff else to do might have accounted for the early publications???!!!

Cheers UR.

I appreciate it can be hugely complicated trying to work out values. And for us mere mortals probably pointless. Exchange rates + tax issues + grades + development costs to name but only 4 of many. And not least our own lack of industry knowledge of the inner workings of some organisations. 15 years I've been invested here, and I still scratch my head trying to understanding some basics here.

It's hard to imagine they would flog the company for less than £150 million given what they have spent getting to this point after so long - surely???
The current mkt cap is what 7m? with a sp pf 0.5. My £150m back of fag packet calcs makes that a multiple of 20. So, anyone buying the company would surely have to be thinking in terms of 10p per share buy out???? ie 20 times current 0.5p.

Finals are usually in early June. Only 7-8 weeks away. But GF's purchases must be 'legit'. Like you am not entirely sure of the restrictions (just that there are some in a 'closed' period. I guess nothing is yet agreed with any deal (be it a JV or outright sale) otherwise BH would be legally obliged to make an announcement. So, there's nothing to stop GF loading up whilst discussions only are on-going? He's come from relatively 'nowhere' to being quite a substantial holder. Unless he's been privately buying Prickett's stock.

Good to know. Assume IF there was any fundraising being planned he'd have waited & participated in that instead.

Radio silence is deafening though as to what's actually going on. Wearing my rose tinted specs - I'm taking that as a positive that talks are in progress. If not - there's sod all else appearing to be happening!!!

UR

Could you (or anyone else looking in here) clarify a general issue for me, please?

With LND - BH seems to always refer to the NPV. As I recall it, in the past with PGD he'd more often only mention the gross & net margins. And the net margins seemed to be circa $600 oz. I appreciate that's a moving feast depending on PoG. If you use that net margin with LND that'd mean LND are sat on a reserve of $600m net profit. I appreciate there's the additional expense of building a mine. And there may be tax implications (although I always thought the net margin was after tax.

The only reason I ask is the NPV quoted by BH a few months back was $123m. And that seems a very low return, all things considered. Am I missing something, somewhere????!!!

Not sure the Coronavirus will affect LND. 1) there seemingly isn't any activity ongoing (unless in secret lengthy sale negotiations) and 2) base at Junior Lake is so remote & isolated you'd think the chances of catching anything is a long shot.

I was more concerned about Coronavirus in Italy. That being where BH is based. The elderly there seem to be dropping dead like flies. More than a concern. LND without BH??? Creek & paddle springs to mind.

It'd be real nice for BH to break the radio silence. But I am encouraged to see all these chunky exchanges going on. Clearly someone is happy to hoover up quite a volume (adding it up over past few weeks). Assuming it's the same person or Co doing so.

Hi UR
'No' not my trade of £1.27.
All's well with me south of Exeter - not sure about up North.
Another fairly chunky exchange today 3.5 million this time. Again not reported on here.

Keep safe & well. Hope BH is too. At his age & where he's based........... more than a concern.

I see 6.8 million shares changed hands today. Interesting.

Just like the 1 million buy trade nothing recorded on this site. Pathetic.

Nice to see in these troubled times.
A sign??? Someone know something??? Or want to see the sp stabilise for some corporate reason?

Maybe I'm being extremely lucky - only LND being hammered in my small portfolio (6 stocks) since the virus has hit the markets. Even dear auld PGD has held its own over past 10 days.

I certainly wouldn't take it personally UR that they never acknowledged your contact communication. They never have. It's a comment that has been made on other BBs over the years. But they certainly did have a small fan club that they seemingly drip fed info to. But that was years ago. A couple of them are no longer alive. Sad but true.

You'd think that IF they were drilling this Qtr or were planning to do so they surely would have said? They haven't been slow to specify actually drilling dates/info in the past. So, one can only assume from the radio silence that it ain't happening. Not this Qtr at any rate.

All quite depressing. This & PGD was supposed to have been my additional pension pot. 15-18 years down the track it's been a huge let-down. Fortunately I didn't have to rely on it. But it's made me have to reassess luxuries I had dreamed about.

Trying hard to look on the positive - maybe the seller is simply p*ssed off like we all are? And decided enough is enough? And the MMs don't want to hold anymore LND stock and have hammered the price. In theory - they should know no more than we do. But in practice that isn't always the case.

You still wearing your rose tinted specs??

Shares now worth 0.5p to sell. A drop of some 25% over past week. That's quite something even by this mobs standard.
Not the kind of action one would expect. Or had hoped for. Clearly a significant holder selling at a loss. Does beg the question - why? At this particular juncture. Unless someone got wind of something - another fundraise can't be too far off??

So...... this site states that LND share price had 0% Change yesterday and is still the same price this morning with 0% Change.

YET the reality is that our shares have lost almost 10% in value over the past 24 hours. So far that is!!

.............and they can't even state the correct Bid........... now 0.6p ............ a drop of shy of 10% on a poxy £300 odd trade.

just love these financial sites. Record sells when they're actually buys and vice-versa today = a clear sell shows as a buy.

Grrrrrrrrrrrrrrrrrrrrrrrrrr

UR - it was 2 months ago the last official statement regarding any further drilling - and was stated as being "under consideration".
I guess it depends on what that actually means. Been nowt said since.

By my calcs there needs to be a takeover offer of 3.5p just to break even against what's been invested in LND over the many years.

UR

The ladies down Madame Una's Massage Parlour don't envisage your short-term JV followed by a possible takeover during 2020 ever happening. If 2 parties were like-minded surely they'd simply agree an Option Fee and enter into an Option agreement for say 6 or 9 months to purchase the Company at an agreed price subject to them carrying out a drilling prog at their expense plus being allowed to do DD on LND at the same time? Just like FN did with LND many moons ago.

I don't agree with you about BH getting old. He IS old. 80th birthday this year I believe.

Have I missed something with your "early 2020 drilling"??? What drilling is that exactly??

If they can't agree a deal with anyone I really can't see any option but for them to become a dormant Company.

If you ask any professional mining analyst they will tell you if a project doesn't go from initial find to production within 7 years it's unlikely it ever will. When LND first announced BAM 6-7 years ago the sp was I think 3.5p. It's since lost about 75% of value since then. Look at what the price was when they first announced Lamaune gold - about 16p from memory. Look at the cash burn - must be near £50 million. The person who has done "very, very well" is RP with what he's trousered over the many years. Look back at some of his podcasts when he was CEO of LND. He should be sued for PI misrepresentation.

My biggest concern here still remains the complete lack of any real buying pressure on the stock. Sorry, I don't believe this is a Company capable of being tight lipped. Quite the opposite. Humphries has a small but loyal & enthusiastic pi Fan Club. If something was happening the rumour mill would be active. But it's been dead as dead can be. With pi sells far outnumbering buy trades.

Gave me odds today on LND:-

100/1 - LND carrying on as an exploration Company during 2020 in similar vein as they have for past 15 years.

5/1 - LND becoming effectively a dormant Company whilst waiting for a formal Offer to be tabled.

Evens - LND receiving a takeover offer within 2020.

50/1 - LND receiving & accepting a JV during 2020.