Member Info for madsktpan

It's getting to the point that you start to wonder that if they haven't been discussing/negotiating a 3rd party deal...........

.............. what the **** HAVE they been doing over past couple of months??????!!!!!!

Morning UR

One thing's for sure......... Prickett's confident prediction of a re-rate once PEA published has turned out to be far removed from reality.

Not for the first time over many years that his periodic predictions have turned out to be pie-in-the-sky.

They could of course be making plans (& trying to raise funding) to start the low-cost extraction of gold identified at near surface.

That was the Master Plan Humphries & Prickett tried to execute at Patagonia Gold. And what a disaster that turned out to be. Maybe they want another go?

Thing that surprises me more than anything here is the lack of any sign or signal on trading of the stock as to what is happening. This stock has traditionally leaked like a sieve over the many years......... as evidenced by trades reported prior to news. But apart from one chunky 7 fig seller over past 2 months there been virtually no buy or sell activity to get excited about.

The PEA in itself is so dense (over 100 pages from memory) that's not far off due diligence in its own right.
Still think that IF they have received any offer that is subject to DD they have a duty to announce it. But nothing.

Something just doesn't add up to me. But with the AR due over next few weeks no doubt picture should become clearer.

Didn't think you could transfer £30k of stock into an ISA in one hit.

You just need to look at what Humphries & Prickett state as a success story in their CV obtained at PGD.
PGD's resource was well in excess of LND's. And better grades. It's had 2 mines actually producing gold (albeit not huge volumes).
Humphries & Prickett oversaw a complete *uck up at PGD and headed for the exit door citing retirement about 5 years ago. The share price went from a high of 70p to 0.3p. Today PGD has a larger gold resource than LND. Yet sp is lower. A main factor for that being the obscene cash burn over 10 years when H&P were running the show at PGD (as well as at LND).

Maybe we are lucky that Humphries & Prickett haven't made as much of a mess of LND as they did at PGD.

from yesterday just reported.
Both 3,941,667 near 8 million total. One at 0.76p and the other at 0.75p
First glance you'd think it was a rollover. But there hasn't been previous volume of that size within past few weeks. So, no rollover.

Could have been buyer & seller exchange of course.
But Bid at start of yesterday was 0.75p. and took a hammering down to 0.7p.

Maybe/hopefully final trade(s) of the longstanding major seller??????????

My understanding of AIM rules (though am happy to be proven wrong) is that IF there is a potential buyer's solicitor wading through the paperwork (as you suggest might be happening) that is tantamount to a mutual agreement to due diligence process. And as such Prickett & Co would have a legal obligation to announce it to the Market. And at the same time quite possibly consider suspending LND shares being temporarily traded.

And even if I am incorrect on that - my own thought is that IF there is a serious buyer going through the motions via solicitors you'd expect someone somewhere to have the inside track and be very tempted to have a major punt buying LND stock. Instead it's been dead on that score for a couple of months now.

Keep smiling mate.

to suspect they received a fairly serious approach early doors, but that has either stalled or fallen through.
So they have had to rethink things (they are VERY good at that LOL) or wait for someone else to make an approach.

It's the only wild speculation I can come up with that explains away a significant selling shareholder about (must be well over 12 million dumped by now), and selling at this 'odd' point in time. And Prickett seeming quite confident 3 months back that when PEA published shareholders would have a clear vision of what the corporate strategy was, even hinting at a re-rating. Instead 2 months later and sod all except sp being hammered.

Annual Report due in a matter of weeks (next month). They can't keep us in the dark forever!!!!!!!!

you'd think that IF there was any serious discussions/negotiations going on regarding a sale or JV then Prickett & Co would want the share value of the Company to be showing signs of improvement. And not be on the floor. And losing 30-40% since PEA published. Surely that weakens their position?? Or maybe makes the Company cheap as chips and easier for them to flog??? WHATEVER it doesn't exactly seem to me to be acting in shareholders best interests.

All it'd probably take is for a bit of good PR and/or one of the Directors to make a share purchase on the open market. They get paid enough, so it ain't asking too much!!!

Something simply doesn't quite add up here for shareholders to be in the dark as to what the strategy going forward actually is - 2 months after PEA published. Grrrrrrrrrrrrrr.

still that 7 figure seller about......... now why would they be selling at this point in time, I wonder??? Especially given how Prickett hinted at a re-rating once PEA published.

That was a rhetorical question of mine!!

For me..... you hit the nail on the head with one single word......."misleading".

Even IF this all turns out for the good (for the LTHs)...... there can be surely no denying it too has all been a professional misleading scam along the long road getting there?

Read back to bullish RNSs over past few months & years. Been mugged/misled doesn't begin to cover it.

I was as confident at predicting the upside as opposed to the downside here.

Given all the countless ultra bullish RNSs over so many years......what a professional scam this has turned out to be.

What's the betting that this is being manufactured down to nearer the halve penny mark? And there'll be a working capital fundraiser not too far away from 0.5p. Zillions of more shares then leading to a share consolidation - where/when PIs will be a tad shafted and those Big Boys running the show will see their % shareholding of entire company increase - ready for some sort of semi-departure?

There should be a law against this type of activity imho.

Share price trading at almost 14 year low having lost 97% of value from high........... reasonable expectations of major corporate development to be announced any day now......... YET......... nothing but a constant dribble of sell trades for weeks...... no buy trades of any description in sight.

Are the Directors....... sorry owners...... worried about the sp performance? Are they **ck!!!!

Don't ya just love AIM stock. Corrupt doesn't begin to cover it imho. Private investors get shafted time after time.
Even if there's a JV announced I bet it won't make a t*ss of a difference to the share price. But those running the show will continue to line their pockets in other ways IMHO.

UR

Logic would dictate there HAS to be something going on. But what?

1/ Raise more money to pay themselves handsomely to dig more holes?

2/ JV proposal?

3/ Disposal?

Since they announced the PEA the value of our shares haven't dropped that much (about 25%).
But they have lost 75% in value since they first announced the BAM gold deposit. You'd think logically they would have gained in value, not lost such a huge amount. Prickett has a history of running companies into the ground, I hope this isn't one of them. Nobody would be happier than me to have my doubts removed. I would sell but I'm sitting on such a massive paper loss at the mo - it simply ain't worth it.

still about

:-(

He also said in a podcast in 2016 that they had received lots of industry interest. If you look back at what he said during 2012-14 time about where LND were heading - absolutely nothing of what he said has come to pass.

Even if you look back to ARs as long ago as 2007 they have always stated they were open to JVs proposals. None have materialised apart from a royalty deal on lithium (that we have heard sod all about since).

I remember about a decade ago some joker of a poster saying he met up with BH (he's the main man, RP is just a failed accountant who knows little of the mining game even once being quoted as not being able to tell one rock from another) and BH maintained anyone wanting to buy the Company would have to write to huge cheque. If only.

Meanwhile 1 billion shares in circulation later during which time they have trousered over £2 million in personal remuneration........!!!

In fairness - not as much as some creditors have been shafted.

Some of the debts outstanding are eye-wateringly large sums.

of any chunky buy trades is a disappointment.
Tends to suggest there's no serious talks happening. If there were you'd think someone somewhere with insider knowledge would be trying to take advantage.

since the PEA any moderate sign of any pi buying has seen a 7 figure sell trade appear. And there's now been quite of few of them over past 4-6 weeks.

over 20% sp drop since the PEA - surely not some wanting the sp to remain depressed?

FFS indeed.

this is LND - everything but everything gets done at a snails pace.

If there's any serious offers being considered then due diligence process will be first action which will require a RNS to be issued. Be surprised if it takes 2 months to get to that point if there's any agreement in principle over any proposed deal.