Member Info for madsktpan

What do you find SO interesting UR?

Sorry to sound critical/negative but all these guys have achieved over past 25 years is to promise much, yet deliver so little.

They say they have discovered 6.5 million ounces of gold with 3 different companies they have been at the helm of. But how much of that gold has ever seen the light of day? About 1% of that 6.5 million ozs?

To say their own self promotion CV on recent Company presentation material is a tad misleading - is me being kind to them in the extreme.

I really really hope this comes good, but I have an uncomfortable feeling about it...........

Looks like 1 maybe 2 small buy trades all week.
Not exactly the backdrop that you'd expect from a company in the throws of transformative negotiations?

From memory, they state the IRR being 24%. That is fairly attractive. But of course excludes there would have to be a chunky investment by anyone entering into a JV or outright acquisition. Not sure what that'd do to the potential pay back or IRR.

I'm no mining expert but I think BAM at this point in time is borderline at best in terms of risk/reward.

Am just hoping someone somewhere sees far greater potential to take us out. Otherwise it's going to be a loooooong slog seeing a return on our investment with LND.

Nothing if you accept the content of the article being up to date.

Because it tells you JACK that wasn't already in the public domain back in February.

...... the only word for it.......but why should I be surprised?

hxxps://www.proactiveinvestors.co.uk/companies/news/219907/landore-resources-beginning-to-turn-extensive-mineralisation-at-junior-lake-to-account-219907.html

Being a PI with LND is akin to playing stud poker - blindfolded!!!!!!

previously to point of boredom ............ the thing I have against this stock is it more often than not seems to suit the main players to have the share price tank. Perverse doesn't begin to cover it.

indeed....

When the Threshold RNS was issued in 2017 when holding went over 13% it stated that the name subject to the notification obligation was Taheh International...........

HOWEVER.......

It also stated in same notification Full name of shareholder (if different to Taheh) as being Quilvest Switzerland.

We sure as hell didn't see Taheh's 100 million odd get recorded or reported in anything like the same manner that we private investors would buy or sell LND stock. So anything is possible. This is AIM after all. A playground for so many professional crooks legally shafting others.

I'd take 5p.
That would value the Company at circa £50m.
Which is probably fair value all things considered.

I suspect the reason Humphries holding increased so much is he simply HAD to participate in the many fundraisers. And of course they have over the past 2-3 years been at relatively low values (compared to years gone bye). Bet his 1.4 million cost him a damn sight more money than his additional/later 4 or 5 million.

Think I might be right in saying he purchased his one & only batch on the open market at 16.5p. Those were the days!!

I still have the mental scars of not bailing when Prickett's Oz mates bailed at 14p. I kept on telling myself to sell then. But laziness got the better of me.

if such recent huge sell numbers relate to a forced/distressed holder/seller. Seems to me most if not all major holders are based in one tax haven or another. LND shares being monopoly money to them.

Be interesting to know why Taheh headed for the exist door - presumably with a hefty loss on their 12% holding.

Should have the AR published this month. Surely that will generally clarify matters going forward??? My bet is a very disappointing JV. It'll be years before we see value return. Glass half empty (at best).

that IF they were in serious talks with anyone (especially an outright sale) the rumour mill in the industry would be active and someone, somewhere either directly or indirectly involved would be having a punt buying LND stock on the open market (before it was too late).

The buy trades over the past 2 months since the PEA have been almost non-existent.

Mind you, to repeat myself - conversely it does beg the question what the ***k have they been doing over the past couple of months if they aren't in talks with anyone!!

You were right Dirk about Taheh's holding and probably about Huddlestone:-

LONDON (Alliance News) - Landore Resources PLC said Friday that Taheh International Holdings had sold of its entire stake in the gold miner after a transaction on July 19.

Taheh no longer holds any shares in Landore. Prior to the transaction, Taheh held 11.9%.

Shares in Landore were untraded at 1.13 pence per share on Friday.

That RNS doesn't read to me as either an acquisition or disposal of shares. Although named voting rights altered. Similar to previous RNS issued by Taheh. But could be wrong.

There's been a bit of musical chairs with large holdings involving them and Quilvest (& maybe Arconas)

I know Huddlestone has been about since the off but has never featured as a solo recorded name in recent years. Had always assumed (rightly or wrongly) he featured in one of the offshore companies involved here.

For sure, the Company have an obligation to publish in audited accounts any shareholdings that they are aware of being over 3%.

I'm pretty sure, but not certain, there are certain threshold levels over and above the 3%.

If Taheh dumped then I must have missed that. They certainly had over 105 million in 2017 and I thought they increased that to 12% as shown as at 4/18 in last accounts published. If they went they went fairly recently.

My understanding is there are various thresholds above & below which you are SUPPOSED to declare. But I'm not sure it is enforceable if the party involved doesn't declare it to Company officials.

Last published shareholding figures were:-

1. Cannacord Genuity Group Inc - 13.79%
2. Taheh International - 11.9%
3. Arconas International - 10.6%
4. Humphries - 6.8%
5. Vidacos Nominees - 4%
6. Luna Nominees - 3.7%

whatever...... let's hope it ain't a substantial shareholder with inside track who isn't happy with the way things are being handled.

Still a tad pee'd off at Prickett stating he was confident of a re-rate once PEA published........ and what's actually happened in past few months is LND stock has lost 30% of it's value in that time.

Anyone come across any PR for LND in past couple of months?

They are odd numbers in quantity terms. Surely must be £value being traded rather than quantity of stock??

If today's trade was either a straightforward buy or sell it's hard to believe MMs wouldn't react.

Could of course be a forced seller being drip-fed through the system over past couple of months. It's some chunky volume(s) in total for a forced seller to be dumping though......... especially having held presumably for many years......... to be heading for the exit door at this point in time.

And, given the volume involved - you'd think a declared holdings RNS might be required??

Received letter (dated 25/4) today from above Joint Administrator which was sent to "Members and Creditors".

They say they have concluded the Administration and taken steps to place Cradle Arc into Creditors' Voluntary Liquidation.

Looks like this could be final nail in the coffin. Letter says you can contact them if you have any queries etc. The contact details given for a Marc Evans on 020 7831 1234 or by email at marc@antonybatty.com.

Same sort of pattern as before. Almost impossible to tell what the trades are. Looks to me 2 cancel each other out as being an admin error. That'd leave 2 being genuine trades. If they were straightforward sells then the MMs would surely immediately hack the Bid downwards?? But as before they haven't reacted. Odd.

If they were stock from purchases in the early days on AIM then they are taking a seriously huge loss of money (if they are in fact sell trades). Maybe a private part-exchange going on via a Company based in some tax haven? Pure guesswork on my part.