Member Info for madsktpan

Not so sure the latest update today gives me a cuddly warm feeling they are currently in any discussions/negotiations.

This shower really are the pits when it comes to letting fellow shareholders know what's going on.

Master Class in doing the very opposite.

£1.88 is quite a jump but it's still considerably less than what BH paid for quite a bit of his holding.
And £1.88 hardly justifies the £55-60m expenditure to date on a pay-back return basis.

Just listen to the last podcast Prickett gave in 2014 (just before Ni spot price nose dived). There was the clear inference made that no further drilling was necessary given the quantum already sourced to make it attractive to mine. Just surprised he didn't use the word 'perceived' LOL.
BH early stated that mine plans were already being worked on and the all costs were $12000 per tonne.

Are you still about??
What your considered take on what's currently going on here?
Don't tell me BH's communication skills (or lack of them) has rubbed off on you?? ;-)

Best wishes.

I suspect the 'collapse' is he talking about is the near 30% drop since shortly after the MRE was announced (32p+) and now 3 weeks later.

If they ARE going to carry on the planned drilling works next month (as mentioned in Jan update) and they ARE confident of converting the warrants for the cash flow needed.............. not sure WHY the delay in the podcast and/or any investor PR or meaningful twitter activity?

Unless.............

.........and with it a suspension in the trading of shares.

mattja84
I certainly can't claim to have a great mind given how long I've been invested here, sitting on such a massive paper loss.

I note that those who claim to think we're a long way off any bid - there doesn't seem to be any suggestion what the Board (and employees) are currently employed doing. More drilling being planned? Surely not!!

I still think this all points to an announcement regarding some sort of conditional agreement coming soon.

mattja84

The podcast was back in July last year - can we round it up and say it was 9 months ago please? And make the assumption that the approaches had actually happened prior to that? So maybe 10-12 months ago??

;-)

But surely it's now 9 months ago since when LND admitted they had received approaches of "interest" from Companies.
And I thought it was taken as read that being able to show conclusively that there was the perceived 2m ozs available that this would more than satisfy that "interest". Especially with the nickel & gold zones being so close to one another.

And also surely nobody would undertake the time + work + expense + decision make process + due diligence etc etc without entering into some sort of agreement??

One man & a dog outfit like LND with nobody based in the UK it's always possible that a confidentiality agreement could hold some water - for a period of time at least.

If there's no negotiations going on then you do wonder wtf the 'management team' is actually doing to occupy themselves.

If anyone is thinking about starting a Sweepstake - can you put me down for a RNS at 7am on Tues 1 March.

And it wouldn't surprise me in the slightest to find there won't actually be any subsequent podcast.

If there's to be some monumental corporate news to be announced shortly I'd love it to be via a RNS at 7am stating that the trading of shares in LND have been immediately suspended. And news not to be via some podcast (read into that what you will LOL).

Even if that prevents me from taking any personal advantage of the situation.

Perverse thinking perhaps. But it just might shaft some in & out traders!!

Michu

As a longstanding honorary member of the BH Fan Club has been eloquently posting on various BB for past 15 years "in Bill we trust. Stay dry. Ride those waves." Even though there have been no waves. Only a landslide.

The reality surely now is IF there is no credible formal offer put on the table over the next 2 months (that's of course just 8 weeks) I cannot for the life of me see how any further fundraising can be avoided.

Let's hope the podcast next week enlightens us all. Not holding my breath of its significance. Didn't Burton state misleading *******s prior to the previous podcast about the timing of that interview?

In the meantime - I note no plausible explanations offered as to why there has been no buying of this stock in any bulk from industry experts on the open market. Only done by means of Placements and/or warrants. Neither of which directly help the share price performance for ord longsuffering shareholders.

Let's hope Bill proves me wrong and he comes across as a dynamic Joe next week. And his side-kick Featherby doesn't lie about making promises he clearly had no intention to keep.

Michu - he was officially Chairman of LND in 2007 (15 years ago). Nothing like turning the clock back!!!
But what's in a job title when this has been effectively operated as a Private Company from the off? Being on AIM and having shareholders has been the means to an end raising funds. About £60m in fact. A reasonable chunk of which has gone on remuneration packages.

BH is an extremely knowledgeable geologist. No question. Never had a doubt about that.

And, without wishing to sound ageist with you - isn't Joe younger than Bill? So why the comparison? LOL.

On one hand - yes, granted BH has been successfully through a Company sale/disposal.

But that was best part of quarter of a century ago. When AIM was in its infancy and the market generally was a bit like the Wild West with the dot.com bubble.

On the other hand if there truly is the perceived volumes & grades of gold & nickel on offer today then there should be no difficulty finding a buyer. In fact, there surely should be a queue banging the door down at BH's office (or care home).

What I am surprised at is if a sale is a nailed on certainty (and therefore a multi-bagger) there just doesn't seem to be the interest from industry experts to buy LND shares in bulk on the open market.

In fairness to BH at least he's been upfront why he considers it not necessary to improve the website. All the relevant info is already there I seem to recall has been his explanation.

Contrast that to Featherby - he was the one claiming to be on the case creating a marketing plan to improve the share price performance. Even boasting how well the share price was then doing ffs. Have forgotten exactly when he made that claim it's so long ago.

I think it is many years ago now since I first posted that they ain't the slightest bit interested in ord shareholders. Clear as day. The evidence is all there over the past 17 years.

Am only here hoping upon hope that there is an end game in sight. BH walks on water for the BNC faithful so it's bound to happen. Just don't mention PGD.

Featherby is still working on fine-tuning that marketing plan of his to improve the share price performance???

Given the reaction of the sp vis-a-vis recent volume traded and newsflow - there's surely got to be a fair bet a Placement might after all be on the cards.

Before anyone shoots me down in flames - I understand the Co is funded for another 4 months or so and of the outstanding warrants etc etc.

Sincerely hope I'm wrong.

In my world there is a difference between moaning & being critical.
And, as a longstanding loyal shareholder for 16 years I feel I have more right than most to voice concerns. After all, even though I have tried to average down over those years where/when my own financial position allowed I am still sitting on a pretty substantial paper loss. The sp would need to be something like 80p for me to show a profit here.

There was a time I too thought that Prickett & Humphries walked on water and could do no wrong. But that was what seems like a lifetime ago.
I just continue to hold hoping that Humphries doesn't get ill or worse as we'd really & truly be up the creek without a paddle if that happened. And nobody wants this to be success more than me. But imho there is a load of **** posted about how successful this management team have been. After a near £50 million spend the jury for me is 'out' on that. But if some late newbies ramping away on here make a killing being 'in' at the right time then I'm pleased for them.

AM90 - you say - "I have no idea why they are not drilling that now and waiting to March".
The weather might have something to do with it - it's currently minus 21 degrees there.
Just a thought.

Hi UR
I'm not so sure JohnHenry was being ill informed (unless he has got BH's age wrong - I have him at 80) but maybe JH was a tad rude? How dare he?

BTW although I rarely look in here these days - many genuine thanks for your posts over the years UR - personally find them very useful as what I know about the mining industry you can write on the back of a postage stamp. But I do know what it generally takes to run a PLC professionally and in shareholders on-going best interests.

Merry Xmas pal.

AM90
You are of course right to point out that the company "cannot control weather, climate change, or assay backlogs". So, what's new in that? In the 16 years I have been invested here it seems to me any timeframes mentioned in RNSs rarely get achieved. They have for a 100% certainty never, ever sprung a surprise and been ahead of the curve or deadline. Nobody expects a running commentary. Nor a RNS every time they dig a hole in the ground but surely the investor PR has been a management disaster story? Whatever became of Featherby's claim to be working on a marketing plan to improve the performance of the sp?? SFA that I can see.