Member Info for madsktpan

If 'Bill' sells lock/stock for anything less than a £1 per share then he ought to hang his head in shame. I think he once intimated that the iron ore alone was worth 3p (60p) a share as it got formally syphoned off. But I appreciate something is only worth what anyone is prepared to pay.

'Bill's' CV over past 25 years frankly is s**t and won't help the cause in any negotiations with prospective purchasers once they do any DD.
Yes, BNC at the time was a financial winner for shareholders. But it was at the beginning of AIM when it was like the wild west with 'Show me the Money' TV progs and the dot.com bubble. Meridian Gold shareholders would probably lynch 'Bill' if he attended any AGM. What was sold to them by BNC has never produced any value whatsoever & since has been completely written off their books.

Patagonia Gold was nothing short of a complete & utter f*** up.
For my sins I still hold a shed load of PGD stock (today almost not worth the paper they are printed on).

Perversely I have actually been recently buying LND if only to try & average down in the never ending hope that one day at 7am there will be a RNS suspending trading. I don't know what my average actually is over past 16-17 years. Must be about £1. Fool & his money? Probably. Guilty as charged. That's what loyalty gets you.

after close at end of week.
They have awarded themselves zillions of Options over past 16 years that have never been exercised. So, another 1% of share capital is probably no big deal.
Maybe it's just me - but wouldn't it have been a nice touch and show of confidence/optimism to have made the Options available for something like 2 years and not 5 years???
Given how the shares generally have performed over past 10 years it's surely taking the p*ss a tad?

well there's one reason for the price action downwards today.

I genuinely thought yesterday's RNS was one of the most encouraging for ages.

I do still have some concerns though. POG. As a rule of thumb when interest rates are low POG is high. Conversely when interest rates are high POG suffers. It looks worldwide interest rates are going in one direction due to inflation worries USA/UK/EUR/FAR EAST etc. Appreciate any prospective buyer of LND will take a long term view on POG. But therein lies my concern when it comes to LND negotiating a deal in 2022/23.

The other minor concern I have is over the old chestnut of funding/dilution. They have funding until end of year but being realistic that means they will need to be addressing the issue Sept/Oct time. Not end of year. Appreciate there are ways of raising working capital other than issuing stock & dilution. But, for me, it's still an unknown. And an issue. And not be helpful with the sp performance short term. The Market doesn't like uncertainty as we all know.

Just received this morning through my letter box not one but 4 copies.
Credit where it's due - it's a VASTLY improved 'looking' document compared to the plain dull ones in the past.

Not sure anyone posting on here over the many years has said that the BoD had contempt for shareholders. The BoD are, after all, shareholders themselves. And one being a significant holder.

I think what some LTHs felt was there was a lack of focus on (or contempt for) the share price performance by the BoD for sooooo many years. And I think it's fair to say that the past 16 years whilst trading on AIM would support that reasonable criticism. As was the long periods of radio silence whilst placements/fundraising/dilution/options were being RNS'd soon after endless bullish corporate updates.

Of course it's all become quite different in recent times - last 6 months or so. The Co clearly want the sp to improve - for a variety of reasons.

Hope to be proven wrong but I've struggled to understand what was to be materially gained by the recent presentation in London. And what the podcast next week will say that is any significantly different. ALL the likely serious parties interested to acquire LND have had access to all the relevant information via the Data Room for past 2-3 years as well publication of things like the PEA etc. A presentation and/or a podcast surely won't have any influence on/to them. I suspect what the Co are looking for via these presentations/podcasts is for an Institutional Investor or 2 to come on board on the 'rumour' or expectation of a sale (a la PGD) and speedily send the sp flying many multiplies. But it ain't happened. Not so far anyway. But why would it when there's soooooooooooooo many outstanding warrants?

Interesting times none the less. Still praying for a 7am RNS for trading in LND shares to be suspended.

Yes.
It's a private/personal matter.

AND:-
".....any deal we do is going to reflect the true value of these assets which is way, way, way more than the current market value".

To repeat myself = there's not a cat in hell's chance BH will sell in the 60-80p range. As stated, that was their target price when it was relatively recently trading at 40p and BEFORE effectively putting the Company up for sale. The asset potential alone is "awesome".

They have spent circa £65m to date (including time spent on TSX). Is BH really going to sell out at just shy of £100m after 16+ years of blood, sweat & tears and at a share price less than it launched at on AIM?

Give us a break.

So, you accept as fact the 3 entirely different reasons you read on "the bbs" about why Huddleston sold his stock at a loss after holding for so many years?

Awesome........LOL.

BTW - none of the 3 reasons were accurate.

You clearly have no idea why Huddleston sold his holding.

And sold overall at a loss after holding for near 15 years.

will hopefully post some feedback from tonight's presentation, when he gets a moment.
Always refreshing to read his balanced & knowledgeable posts.

Whatever anyone on here thinks LND is worth - I'd bet my house for 100% certainty BH won't have it in the 60-80p mark. So, there's simply not a chance of it ever happening. A big fundraise not so long ago was at 30p. I don't know BH but I get the distinct impression he's the type to play hard ball to his grave. That kinda worries me a tad as I suspect his own sale valuation to be well north of £2. Which might indeed make it a hard sell. And has LND stubbornly drilling on & on.

There's not a cat in hell's chance BH will sell at 80p.

At 4p (pre cons) and less than what LND launched at on AIM ........... 80p wouldn't be a failure.......... it would be a corporate hanging offence!!!

I'm with UR's detailed valuation calculations that £1.50 to £2 is far nearer the mark that BH would accept. As some other poster pointed out - our problem could well be that BH would rather keep on digging than accept anything less than a fair/realistic offer.

"Today was not a good start".

The past 16 years haven't been too clever either with their "financial PR".

To have a target price of less than 2.5p (pre consolidation) is frankly a scandalous performance from when this launched on AIM.

But let's hope there's at least a couple of prospective buyers out there who take a considerably more hawkish stance than LND's house broker currently do today. In terms of realistic values and/or price targets.

Agree AM90 - that's why I kind of advisedly prefixed with the word "effectively" (a downgrade).
It certainly wasn't the usual ringing bullish endorsement that we've come used to over the many years from the LND house broker (the many that there's been).

.......... and in 17 years of holding here I've never once known of a House broker downgrade. Technical or otherwise.

Why now?

For a Company that has lost over 95% of its value since 10 years ago ............ it's surely a bitter pill for loyal LTHs to swallow having a House broker effectively downgrade for the inevitable knock-on consequences? Fair of them or otherwise.

So much for Featherby's promise for a campaign to improve the share price.
What do we get? The HOUSE broker effectively downgrades the Company!!!!!

Good for you UR.
I hope you've got a least a few 'searching' questions to ask. I'm sure you have!!
I suspect you'll be outnumbered by the starry eyed BH fan club sat in the front row.

I'm in Portugal - but in truth I probably wouldn't have attended in any event.

UR

Wonder what exactly you're going to be told on the 26th??
Kinda wonder what the purpose is of that investor forum.

In fairness to BH he communicated matters related to the last MRE and PEA almost exactly the same.
Although you could argue 2 wrongs don't make a right.

In fact many posters/posts on here at the time pre last MRE/PEA were commenting along similar lines as now. Although a lot of the nicks have changed of course.