Member Info for madsktpan

sorry to mention again but given current value of Nickel and given how much LND claim to have, and given how it has been mothballed for best part of a decade............ why has no 3rd party been banging the door down to acquire it?
Surely the LND nickel alone must be at least a buy out of 25-30p per share or £25m value given the considerable resource. Seem to recall it had a gross value put on it of some £300m at one point.
Or is it a simple case that the BAM gold & 'scorpion' nickel zones can't be separated?

today hits a 5 year spot price high.
Takes me back to all the hype Prickett said in his podcasts............ and then there was the gold.

Since when LND s/p has lost at least 75% of it's value.

Absolute disgrace.

Now worth today 1.2p to loyal LTHs.
Even after any likely buy-out some will be having to take a hit/loss on some of their holding.
To be fair BH bought in at 16.5p (£3.30) and he'll struggle to see that make a profitable return.
More Options please?
Can't believe I was mug enough to believe all the hype and have my last top-up at 35p not that long ago.

Well UR, you were right after all about the MRE not being in September as promised. Well done. As for management = not a professional look to have to put important things like that back.

Always nice to read your sometimes alternate view even if it isn't what the rampers want to hear.

If management were confident that MRE will be October they'd surely say so, especially after the push back? And not state Q4. Looks to me as if it'll more likely be now Nov or early Dec.

Whatever became of the 'marketing plan' that Featherby claimed in the shareholders Q&A session to be working on to improve the share performance? Gone consistently downhill ever since.

Given the enormous potential here and significant under-valuation I still struggle to understand why the lack of interest from major players (investors et al) particularly from Canada getting in relatively early doors with a s/p that surely is currently on the floor? They must be aware of the possibility that one morning there could be a RNS stating that share trading has been suspended & they'd miss out?

To be fair/balanced - the way they have communicated today's update is no different to what has been the norm for past 15 years. Leopard & spots spring to mind. It even used to be ramped as a strength of theirs that they didn't get involved in hype. Just stated facts like good old fashioned execs from a era long gone.

Know it's not a popular viewpoint but I've long maintained that they have never really given a flying **** what the share price trades at. Of course there will come a point in time (hopefully soon) when it will mean everything to them.

Can't understand why there hasn't been institutional buyers taking a dabble at this low price. That after all was the reason given for the share consolidation - to make it more attractive to them. Have seen no evidence of it happening. Which seems strange to me given how the share price is currently only not much over a 1p (pre consolidation) with what you would think is significant potential with the MRE & PEA imminent and a very likely buy-out on the cards.

Very odd. Something doesn't add up.

and for avoidance of any misunderstanding Panmure Gordon were the HOUSE broker a decade ago.

Panmure Gordon rated the Company at £2.40.
But like Cenkos they are/were HOUSE brokers.

It's their job to be positive & bulllish.

Ah well UR - let's hope there's a happy ending here in the not too distant future. £1 (or 5p old money) and I'd be prepared to accept that. But hardly after 15 years something I'd be boasting about.

Yeah GF almost made me laugh with his retort to the Q&A raised over the abysmal share price performance. Almost as if a bloke (and not a female on video link) had put him on the spot in a pub he'd have swung for them in anger!!!! Can't quite recall but did he actually say share values go up & down???!!!! Avoiding the fact it's mainly down with LND over many years!!!

You could well be right about BH. All I would say I remember for 100% certain I've seen formal documents in the past where he lists his place of residence being somewhere (can't remember town/city - Genoa??) in Italy.

Afternoon UR

I have only periodically been looking in here. Sort of lost a lot of interest/enthusiasm. Got quite a bit invested here, for me that is (6 fig sum). Been here since day one launch on AIM. Intention being this was to supplement my pension. Although I'm not quite at BH's advanced age of 80 I'm now well into my retirement and sitting on a large paper loss after 15 years even having bought LND stock ranging from 15p to 7p to 3p to 1p. So, this investment for me is if it comes good then great, but if not then thankfully I'm healthy and still fairly financially comfortably off. But it's not been an investment journey I look back on with any pleasure. It's been dire for most part. All the 'game changers' like bonanza gold and Sprott have come & gone & back again.

For what it's worth I wasn't impressed with GF in latest podcast. Fairly trivial reason but kinda sums things up regarding the poor sp performance = his comment about sp reaching 42p (2p pre cons) as if that was a noteworthy success. And the fact he was a shareholder too. 42p given the history is an abject failure and of course he has to be a shareholder - he has little choice given his remuneration and Options granted etc.

BTW - doesn't BH base himself in Italy? He certainly used to.

I don't believe there has been any institutional and/or director buying on the open market since BH bought at 16.5p (over £3 these days). That of course was many, many years ago now. But it does kinda beg the question - why not? What do they (the institutional investors) today see or know that we mere mortals don't that is preventing them from loading up at just over 1p (pre cons)? I appreciate there has been no end of support when it has come to Placements behind the scene & warrants issued to keep everyone gainfully employed with remuneration.

Yet BH (& RP before him) have often hinted that Company was way under valued even when the share price was trading MANY multiples of today's price. Something doesn't quite add up to me.

Given their phenomenal success for LTHs over past 20 years here & in Patagonia it's a mystery why potential buyers haven't at least been trying with cheeky formal offers to buy-out LND on the cheap. Or no sign on the open market of institutional investors loading up early/cheaply based on the impressive corporate presentations. Especially given Featherby's promised 'marketing plan' to improve the share price (since when regrettably it has only nose dived). You'd think given their track record then all their "perceived" deposits/estimates would be considered by suitors to be realistic & achievable in light of how successful BH and his team have been over the past 2 decades? But there again, perhaps another 300 page PEA is what is needed?

Or maybe the loss of Prickett's skill set has been too big a handicap to the team? Still remember his bullish podcasts as CEO when BH seemed to fighting fires at the coal face in Patagonia back in 2014 - the LND share price was trading well over £1 (pre consolidation). Billion new shares in circulation since I guess haven't helped the cause.
Not to overlook Lamaune. The resident fan club on the BBs were then ramping Lamaune as having just on its own a value of 3p (60p post consolidation). Fat chance.

Maybe the answer is they need a bit of time to lapse to award themselves zillions more (cheaper) Options?

Grrrrrrrrrrrrrr

Aye Michu - you could be putting the correct spin on it. Clearly it was ambiguous comment. Either knowingly or not. The web we weave in order to deceive, eh?

I might have got my consolidation ratio wrong btw. Been quite a while back (2 years ago??), I've forgotten exactly what it was. Claimed at the time to be done to stimulate the share price if memory serves me right though. Fat chance!!!

Michu - someone actually said they had it on good authority that JH had not been selling ANY stock. It was simply a case of he hadn't participated in recent Placements so his % holding decreased.

Yeah right.

From 21p to 1.4p (ex consolidation) today - "odd" isn't a word I'd use.

Featherby has a nerve trying to imply 42p achieved in recent times (2p equiv) is a sign of some success in the share performance.

I bet he didn't buy any stock in the 10-20 p range all those years ago.

Go get 'em UR.
FWIW think I agree with everything you say.
Except I've never believed BH gives a flying **** about the share price performance. Not until, that is, it suits him and a small band of major holders who keep the working capital/cash flow going and keeps certain folks gainfully employed. Thinking ahead with possible further fundraising activity needed, they might even be perversely pleased to see the sp fall in value. The last 15 years of trading would tend to support that theory. Yes, BH talks about increasing/improving shareholder value - but that's only book + paper + asset value. Not much cop to any LTH that has been around as long as you (or I) unless you are happily prepared to hang fire until the end game.
Like you (I think) I thought that was going to be 5-10 years ago!!!
My Lamaune Iron Inc DRS has changed changed colour since it was issued back in 2011. Assume I can chuck it in the bin now? Although I note the website is still alive even if very, VERY dated.

All the best pal.

I'm not saying, nor even suggesting, any manipulation is being done by "coming from the Company". In fact I'd be staggered if it were and don't believe it for an moment. It would be against AIM rules & regs if not downright illegal.

I'm only stating facts as to the sp performance for many years now (at least 5-6 years) would tend to suggest something very odd is going on relative to the news flow & potential & company value.

It would matter (and would greatly financially benefit) those "in the know" and/or close to action ahead of any major corporate action. If & when it happens. If the sp was deliberately kept suppressed.

I've been thinking the exact same thing as you Michu. And for some considerable time.
The sp is still effectively just over 1.5p to all LTHs. It's been mainly in a 1p to 2p spread (give or take short periods) for as long as I can remember. Perhaps 5-6 years?
No doubt the words 'manipulation' will get derided comments on here......... but it does make you raise your eyebrow why the stock has attracted long periods of consistent selling and why the sp has remained so relatively static for so long given all the positivity & evidence available that the Co should be valued at a far higher level.

The last 'official' update was signed off by Sec on 23 July 2020 in the AR. The figures no doubt need to be updated and will be shortly in the next AR due in approx 4-6 weeks time:-

JH = 14.01%
Cannacord = 13.97%
ES = 9.72%
Arconas = 6.19%
WH = 5.85%

There is no theory of mine pal.
I have no idea what the future holds here.
But just have a concern that IF there is any further fundraising/dilution at any point in the future then the likes of Sprott will have the inside track and ain't going to be wanting this sp to be 50 or 60p at that point in time. Not if he wants to grab another 10% of our company.

Stands to reason.
Let's hope we wake up one morning to a RNS stating that the shares have been temporarily suspended as an offer is on the table.

madskt (not the original one from 15 years ago).