Member Info for madsktpan

Keep up the good work UR. Your posts are just about the only ones worth reading on this thread. Mainly because they often have a balance to them. And aren't typed wearing rose tinted specs.

It'd have been mildly interesting for Sarah to have played a bit of hard ball with BH over the share price performance over past few years especially given what was said by Featherby a few months back. But I guess if another major shareholder is dumped over same period of time it's difficult to have a concurrent marketing plan in place regarding improving the sp performance. BH has often over the years made reference to the support from loyal major holders. Are there any left that haven't left the building over past 10 years? I can certainly recall quite a few who have departed.

Ah well - as long as there's an end game strategy being worked on that achieves a £1.50 price it'll have been worth it holding on for 16 years. But only due to many top-ups along the way.

Best wishes UR.

The positive outlook here is there is clearly enormous potential for Co to find a buyer for its assets and if so there is every likelihood it'd be in the £1.50+ per share region.

The negative outlook is they have spent over £50 million during the past 16+ years to achieve a Broker valuation of £68 million for the flagship BAM gold asset and currently only have a market cap of just £25 million and a share price just over 1p (pre consolidation) having listed on AIM at circa 7p. And may need more working capital if a buyer isn't found in next 6 months or so. Especially if they employ more execs as indicated might well be the case. And go for a dual listing on TSX.

.......... having your biggest shareholder who have held for 6-7 years dump at this stage is not a good look.

Regardless of the reasons why they have dumped.

You'd think that if AM90 is right ref Cannacord then Featherby should have known or could have found out prior to the last podcast.
Would at least have saved us the misleading *******s about the marketing plan to improve the sp performance.
Let's hope the apparent podcast next week will clarify matters....... and it's all good from here on.
This has been one long-running saga.

If it is Cannacord dumping then let's hope they ain't selling their total holding as they owned 13.34% of the Co as at 9 June 2021. That could take quite a time to drip feed through the system.

BH must a set figure in mind that he considers fair value for a sale.
He's often said over the years he wouldn't ever sell for less than that.
Pretty sure he wouldn't be influenced by any suitor trying to drive the current sp down.

Been a bit of suspicion similar has gone on here over the years viz-a-viz months prior to probable Placements/fundraising.

Just takes a small but clever syndicate helped by the PI sheep panicking & following trends.

Nothing illegal about it. Just a sort of version of shorting. Easy to do on AIM to some effect/profit with this type of Co - I suspect.

Which would lend a wee bit of weight to fact that it might well be RP.

.......... and when I say "struggling to think of a reason" there is of course the obvious that it is a distressed seller.
Or it could be a beneficiary of an estate from a deceased holder who has no interest in LND.
Or it could be someone like RP who no longer wanted to be part of the action - but had a reasonable sized holding.

Yeah, of course that's the case with a major mining co. A major ain't ever likely to do a JV with the likes of LND. But maybe not necessarily the case with a cash rich medium sized miner.
BH has on several occasions over the years mentioned entertaining a JV.

I was just struggling to think of a reason why a large LND holder would be selling at this critical point in time.

I am banking on an outright sale here. If it was a JV then I'd have to consider heading for the exit door myself having held for 15 years.

I wonder if the direction of travel is now to be a JV (& not an outright sale) which I wouldn't have thought had universal approval with every single major longstanding holder. And might explain why it appears there's been a major holder dumping at this very 'odd' point in time?

Just a thought. No more, no less.

You'd like to think so UR.

He must be as keen as anyone to see this saga come to a profitable conclusion. As would RP. Both must have a lost a small fortune at Patagonia Gold.

Since I have been a loyal shareholder they have raised & spent just over £52million. That excludes any fundraising and/or expenditure when trading on TSX prior to me being a holder.

To now accept an offer of £100M doesn't sound that great a return.

Fortunately I don't believe it would ever be anything remotely as low as that.

Being realistic Sprott has to be 'in' & committed until the end game. Just like JH + BH et al?

I'd be very surprised if it's JH selling. He's taking one helluva loss if it is. Like any LTH would at the moment. More likely to be someone's been left a wedge via a Will from a deceased LTH. And who simply has no interest to hold on to & have instructed a broker to dump.

I do find it a tad frustrating that the BOD are quite quick organising shares to be bought to facilitate working capital and their own remuneration packages but never seem prepared or able to find a buyer to take the slack when there's clearly a chunky seller about that knocks 7 bells out of the share price.

Like I boringly repeat - they don't care about the current s/p. And won't until it suits their own ends ie an end game. Kinda perverse really imho.

Don't forget the cunning marketing plan to improve the sp performance being masterminded down in Western Australia.

The only point I was making is it is misleading to others to simply say that an updated PEA/MRE will effect the share price.

It isn't a given that it will. It hasn't with LND in the past.

That's why I'm here too.
And have been posting on this thread for over a decade.
And have been a LND shareholder since 1st day it launched on AIM over 16 years ago.

I didn't start posting/ramping here 5 minutes ago.

Richy13 you say......."once it’s official how much gold there is , this will reflect in the share price . True value at the moment is undervalued........".

I remember posting very similar sentiments on here prior to previous PEAs & resource revised estimates being published by the Company.

All some time back now. Did they effect the share price? Did they ***k.

Until someone shows some interest in taking this over either as an outright acquisition or JV it'll stagnate imho.

Let's hope as BH says with there being a justifiable perceived 2m ozs that will attract interest/offers.

Please correct me if I've got this wrong - but my understanding is what BH said was there was a "perceived" 2m ozs.

That being different from an actual and not a figure that can be used in any MRE/PEA.