Member Info for madsktpan

Maybe Sprott's plan of action is to drip feed sell a relatively small proportion of his Placement stock at a reasonable profit to ensure the share price remains artificially suppressed so he can grab another 10% of the company at the next drilling program in the winter of 2021 in 6-9 months time?

Dirk - you'll be thrilled to know that I had a large glass of the smoothest red I've come across. Can highly recommend Bread & Butter Cabernet Sauvignon. £16 a bottle but well worth it.

You know me I get frustrated sometimes with the bull/ramping that occasionally gets posted. Not by you granted.

I have nothing against BH but how much gold has he found over past 25 years has ever seen the light of day with BNC+PGD+LND? Answer = my local jeweller has sold more gold. Yet BH walks on water to some.

AM90 - am sure those many punters that must be sitting on 95% paper loss with LND having been loyal for soooo may years are grateful to be reminded that some recent new investors are sitting on a tidy profit. Nobody knows exactly why Sprott bought 10% of the company. Not you for sure. Some I'm sure hoped it was FAR more material reaching that just investing in the latest (of many) drilling programs.

to be held via zoom interview in quarantine hotel room (or at Madame Una's place) once Buffalo Bill gets back from the wilds of Canada to wherever?

Shares today worth less than 1.5p pre consolidation. So much for Sprott being a game changer as far as the sp performance is concerned. Let's hope he uses his contacts/influence to introduce a Canadian suitor to buy LND out.
Not good performance given it was once 20p and now a potential buy out being talked about by the fan club at 5p (£1) Still they walk on water after so many years.

Surprised they haven't awarded themselves zillions of Options. Been at least 6 months since last lot.

Grrrrrrrrrrrrrrrrrrrrrrrrrrr

Don't want to sound negative - but just for a little bit of balance:-

1) Most professional mining analysts say that if gold isn't mined within 7 years of discovery then the likelihood is it won't. LND has been going for over 20 years. Although BAM first discovery was 2008 time I guess it is fair to use 2015 as start point.

2) Company effectively run by BH. He is 80 years of age. Hard to see his own business strategy being long term.

3) Some might not agree about Brancote being that much of a success. Right place, right time. It was short lived success. BH was CEO at Patagonia Gold for a decade or so and that turned out to be a complete disaster going from 70p to 1p. Now on its knees.

4) LND nickel project was once at an advanced stage. Only then spot price holding it back. Shouldn't be the case today.

Having said above - I have a substantial holding here and have for past 16 years been a loyal if sometimes critical shareholder and am still fairly bullish of a profitable outcome.

Hi UR

Been watching the rugby. Thanks for the reply to mine. Much appreciated - nice to hear your balanced thoughts.

Not sure I can add owt though. Not that I know much anyway ;-(

For me, I guess I really thought we were on the last leg here. Clearly now not the case. But if no formal offer is on the table for an exit strategy then the only other sensible strategy is to keep on raising working capital to keep on digging.

Just a bit frustrating for LTHs that the share price despite recovering a bit recently remains on the floor for LTHs at 1p+ old money.

Have no problem whatsoever with the Placement per se - just the way it's been handled and the timing ie 24 hours after a long wait for an update and much ramping. Fortunately I didn't buy at 40p+ on back of update on Thursday but if I did I might be a tad miffed given the circumstances.

But if the uncertainty is all cleared up & clarified early doors next week and Placement announced at circa 33p then "all good".

All the best.

IF it is sorted by Monday morning by way of clear clarification then of course my concerns are thankfully dead in the water.

I just didn't read the RNS yesterday that way. Hopefully I am completely wrong.

You still about? Haven't looked in here for a wee while. What do you think about last night's RNS? Seems to me given the uncertainty - will there be a Placement or not & if so at what price - there is going to be nobody silly enough to buy LND stock until clarified. Unfortunately can only see share price taking a massive hit until matter clarified.
Appreciate over time though it'll hopefully even itself out.

Do feel a tad sorry for those caught up in the hype buying in at 40p+ on the back of the long awaited drilling update only to find out 24 hours later that discussions were ongoing with regards to fundraising. PI being shafted a tad (in the short-term anyway). Certainly explains all the selling (perhaps by those closer to the action & in the know??).

Almost wish they hadn't issued the RNS last night. May well do more real harm to the share price short term than good. Surely heading for sub 30p next week? That's at best!! Too big an incentive for the shorters out there. Would have liked to have seen trading in stock suspended until Placement finalised but almost certainly that won't happen. The 'big boys' being lined up won't want that to happen.

Have still got a massive (for me) holding here. Haven't sold any for several years. Wish I had though at 38-41p range on Thursday!!!

Best wishes UR.

You certainly are correct UR.

Endless hope your all well and Ride those waves.

He's not Cookie............ but you get my drift??!!

The has been official published notification that Huddleston HAS been selling in recent months.

If because some sole numpty on ADVFN is posting this will be 20p soon and "oh dear" has any influence on the herd to sell - it is sad beyond words.

Thanks Michu - could well be. Guess there's loads of reasons why folks sell. Just find it hard to understand why Huddleston would sell a relatively small holding of his many moons after buying in at many multiples of today's sell price. As I've boringly mentioned before he been one seriously loyal supporter of BH over 15+ years even being mentioned in a RNS as contributing to a recent Placement. Odd. Very odd.

Currently at just over 1.5p pre consolidation you'd think the Company would be keen to get the sp up considerably higher IF the real intention is to find an exit strategy of selling the Company on at full value. They surely don't want prospective suitors sniffing round with the sp on the floor?

out there got any constructive thoughts on why the sp is being hit so hard all of a sudden?

All the facts & figures are there on the Company website. 300 page worth of a Report.

Nickel data is a bit more dated but according to a Twitter feed they are currently in the process of reviewing/updating.

We're now well into 4th month since prog started. Appreciate Covid related delays - but we surely should be getting some update very soon?

Some plonker doing a good job on another BB frightening the herd into selling as he/she shorts this.

Usual M.O.

Latest from the Co really does tend to suggest (to me) they are either in the process of discussions with interested parties or the main focus is to sell the company lock + stock + barrel rather than trying to rely on promoting just one particular project.

htTps://twitter.com/i/web/status/1351798698938929152

"This stock really deserves to capture investor’s attention as management is seeking to mastermind a possible full-priced exit."

Not to overlook iron ore hit a 9 and a half year high 4 days ago.

Thanks UR.
I'm also a tad sceptical about these type of docs. They often seem to be drafted with minimum of research.

With nickel & iron ore being too not far away from record highs the time would seem ideal for BH to wrap everything up together over the next 6 months or so.

Sorry - forgot to add the link:-

cenkos.com/research-portal

Cribbing from elsewhere I see Cenkos value LND currently at 67p with a target price of £2.09.

Haven't read analysis in detail but assume it doesn't include nickel or iron ore.

Okay it's their job to be bullish but hopefully there's an element of realism in their figures.