Member Info for madsktpan

Aye UR - with PoG being where it is today it makes the economic case more attractive to any suitor on paper. And of course values the Company more.

Unfortunately the gold in ground is at least 2-3 years away to being mined & sold. No telling what price PoG will be then. But any suitor will be all too aware of that.

It's impossible to say UR with any degree of certainty. It could just be a simple case of the MMs holding too much stock and they are trying to offer a discount to get rid.

What concerns me more is the lack of any REAL volume/activity on the buying front of this stock. IF there was some serious corporate discussions/negotiations going on then you'd suspect some hangers-on or 3rd parties would get wind and would load up - on a punt if nowt else.

It does beg the question what is actually happening at the coal face day-to-day? What is the Vice President of Landore Canada currently doing? Is she on gardening leave? What is the short term corporate strategy - say for next 3-6 months??
Seems to me we have a guy near 80 years of age based in Italy being helped with the accounts by a part-timer. And that's it!!!

B*ggered if I know what's going on!! But there again - I'm only a 15 year old long suffering ord shareholder!!!!!

Sites like this have no option but to record anything above the Mid as blue/buy and below the Mid as red/sell.

The only thing that's slightly odd is why the MMs seemingly continuing to give 'generous' discount to any purchases of LND stock.

be interesting to see if there's any negative reaction to Friday's after Close update.

Prickett has been a Director of numerous failed companies over the past 25 years. Only one to be a success was BNC and that arguably was a fluke. Given LND's plight he was already on fairly generous remuneration given what he contributed. Anyone who invested 10 million shares when LND launched on AIM would today be looking at a loss of £600,000.

Grrrrrrrrr.

I see Prickett's gone. Can't say I'm disappointed. Waste of space imho.

Nice wee golden goodbye he's being rewarded with. If the shares were 1p then that's £100,000. If they return to the level when he was involved launching LND on AIM then that'd be circa £700,000. Just as a bonus. Not exactly sure what he's contributed to deserve that.

Mildly interesting that no mention of a full-time permanent replacement being recruited. Like the sound of that. End game hopefully coming closer.

My guess is they have hooked a seriously interested player.
Now it needs to be reeled in. And that's what GF has been brought in to do. Hopefully LOL.

Well UR - it's certainly a strong indicator that they're now looking at some form of major corporate deal. And not continuing to go solo to dig more holes in the ground.

Let's assume GF has been brought on board for his M&A expertise.
We certainly don't need another accountant.
He didn't contribute much with PGD but let's not be too judgemental.
Sounds promising.

Almost tempted to put a positive spin on this latest fundraising. Not a lot you can do with that relatively small amount raised (£225k) for any great length of time (especially when compared to circa £3m raised in past with individual Subs/Placement).

MAYBE there is something going on/ being negotiated in the background. Let's hope so.

UR

I always had doubts about drilling given the then Thunder Bay weather in Dec & companies working capital (lack of). But was happy to be wrong that there was sufficient funds still in place and your weather forecast was more favourable than mine, and consequently there was drilling still being done. Seems certain now there's currently no drilling going on and no drilling results outstanding.

Hopefully you are right that there could be negotiations going on behind the scenes ref a JV. And that has prompted the current lack of clarity as to what is actually happening with future plans. Things could hardly be moving any slower (if not).

Thanks UR.......... but wasn't there a view that there MIGHT have been drilling prog on-going pre Xmas?
What is the Vice President Ms Tuomi actually doing at this moment in time?
Looks now like the pointless Lamaune AGM in Toronto just before Xmas was just an excuse for a Xmas staff party. Grrrrrrrrrrrr.

Pretty poor show that there seems to be a lack of clarity over time frames and targets going forward. When it suits they can be good at informing what is to be done and by when.

Must take Ally all of 4 or 5 minutes to write that crib from the RNS. Not exactly financial journalism.

Anyone know the answer? Will the PEA be updated & published or will that only be done after another round of drilling?

For me, a JV would be far preferable than continuing solo with all the dilution that goes with it. Not to mention where the end game might be, and how long it'd take to get there.

There would be probably short term pain with a JV but it'd surely be a better & quicker route to take? I find it difficult to accept there hasn't been significant approaches made. Maybe the dynamic duo's JV offer expectations have scared suitors away from making any formal JV offers??

Something doesn't quite add up here. For sure there's been little-to-no real interest in the stock for years & years. And it does beg the question - why not? Particularly from industry insiders close to the coal face.

HYN UR.

Balanced post? There's a 1st time for everything ;-)

Mildly interesting that further drilling is being "considered" rather than "planned".
Have they got any option but to carry on drilling????
Unless it's simply a reference to fact they haven't organised working capital yet to enable them to carry on drilling.

As always I hope I'm wrong - but this has the feel of an attempt to put a highly positive spin on an actual outcome that has turned out to be less than believed likely 6 months ago. Or when twat features was being interviewed by Andrew Scott.

Fairly positive update. Guess if I'm being honest was half-hoping for a chunkier number.
No change - stock still only 0.65p to sell. And at rock bottom. So - a tad surprising the spectacular lack of interest to invest in this stock.

Good for you UR keeping it real. I hope you are right pal.

Their 'average' operational loss during past 3 years has been circa £850,000 for a 6 month period. That eats away at your 470,000.

Of course drilling is best carried out in cold weather. Everyone knows that. But when weather conditions get to point making transportation & accessibility difficult - it ain't so good.

The fact that we have differing takes on what's actually happening doesn't say much for the clarity of the RNSs published. And it does beg the obvious question why that might be? It might even be a positive (ie negotiations for disposal underway perhaps?)

It was minus 10 degrees there last week. So not sure what drilling would be going on in those conditions.
They've always in the past stated drilling start dates before & on completion. Still not sure there's enough in the coffers to fund another drilling programme. I was half expecting a Placement to be announced early 2020 to cover an announced drilling programme on new targets identified.

As always - hoping I've got it wrong. Just trying to keep it 'real' after 15 years invested here.

Let's hope 2020 is a Guid Year for Lamaune & Landore holders.

1) Why they have to get an external consultancy to do an "in house" resource update?
2) What are Humphries & Tuomi currently doing day-to-day??? Drinking coffee????
3) So, to repeat myself - why is it Landore Resources Canada Inc have instructed Cube and not Landore Ltd?????

Must confess UR that I hadn't recalled that particular statement - in what was a long-winded RNS full of typos and gave to me the impression had been rushed out.

Immediately before that particular statement the RNS also says:-
"Cube Consulting Pty Ltd ("Cube") has been engaged by Landore Resources Canada Inc. ("Landore") to complete an 'in house' update the BAM Gold Resource to include the 2019 drilling campaign."

So, to me, it's a tad unclear what's going on and when.

Let's hope we at least get a resource update in Q4. Although that will probably do Jack for the share price performance.

Something else just come into me head........ WHY have the outside consultancy been engaged by Landore Resources Canada Inc???????????? And not not the company we directly invested in & hold shares to? Appreciate it's a subsidiary but even so............. WHY?? Another rinky dink accountancy scam of RPs??????

Hi UR - would be surprised if meeting lasted more than 5 mins given Lamaune's been effectively a dormant Company for past 8 years. Hence why I was also surprised meeting was held in Canada and was hoping that was a sign that there'd be other far more important reasons why they made such an expensive & lengthy travel for a 5 min rubber stamp exercise.

Of course we still await the resource update promised during Q4. Logically you'd think that has to be next week. Hard to believe they'd release that on Xmas week or during the festive period between Xmas and 1 Jan when the markets are generally in holiday mode and it'd not be the best time to maximise investor PR.

But this is LND...................... share price activity & investor PR - don't think that they give a t*** about that subject!!!