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It's the failure to tackle basic marketing stuff that's most ridiculous.
Bill actually seems to have believed 'the big boys' when they told him that the website is perfectly decent.
No doubt 'the big boys' do genuinely like the website. It's such a terrible shop window that it repels new potential shareholders and leaves the share price in the toilet. That gives them a major negociating advantage.
All in all, it's just a crazy thing to have ignored. It's nothing short of grossly negligent given the current share price. The level of stubbornness about such a cheap and simple thing to fix? Insane.
1/3
It's well into March and Q1 is almost over, but happy new year to all you folks on the LSE board.
I haven't posted here since 1st December and my new years resolution is to not waste any time arguing with poorly researched strangers on the internet about disastrous raises that they imagined would be happening that were never going to. The idea that this company was in some way 'binary' really got into a lot of impressionable minds last year and boy did the share price suffer as panic drove panic and the sector tanked in general.
I don't want you to think I'm complaining though. Yes, I could have bought a good chunk of my holding here for less, but I've also had a spectacular and prolonged opportunity to buy in at an even better price. Many, although perhaps not all of the traders have been flushed out and the company will be in a much better position for having had this ludicrously long and deep sale. Lots of sensible, rational people with reasonable time horizons will have bought more (as I have) and the free float will have been reduced. Once the momentum does get going it should be pretty strong and the climb out of the sewer (teens) and back simply into the gutter (twenties or thirties) will be a sizeable percentage move.
My reduced frequency of posting here also reflects that I am a follower of businesses and not shares. Quarterly will probably do.
From where I'm sitting, Landore have had a pretty decent quarter. It is still disappointing that they did not get an offer out of the strategic review, but drilling without dilution to increase the ultimate prize isn't a bad result given the disaster many people imagined. Investors want to see every non diluting penny possible go into the ground to maximise the final prize before it shows up. The gold sector was an absolute state and is recovering, on a second pass with acquirers equity rich again the odds begin to stack in Landore's favour. I should think there's a decent chance of the remaining drilling results from last year, the soil sampling results and some board changes before this quarter is over too.
2/3
The lithium deal was a little slow coming but is ultimately decent for the medium term in my view. 'The market' did appear to want a higher proportion of cash upfront as it can not be reassured about a raise. Having had time to digest it thoroughly, I believe it is constructed to add value with the potential sale of the PLC in the nearish future in mind, rather than to allay the funding fears of the neurotic AIM investor. For me it adds further evidence that talks regarding the sale of the PLC really have been serious and that there's a decent chance of offers coming in before I'm old and grey. If Landore really did need cash, they could have done a very different deal. Short term traders might not reap the rewards and the share price has barely budged, but as a value orientated investor it works for me. The company has definitely gone up in value based on this deal, even if it is not yet reflected in the price. The lack of any meaningful share price appreciation is further confirmation that there is no 'efficient market' operating here. I can see the lithium deal adding something to any acquisition deal Landore get, as an acquirer can now easily retain and benefit from what GT1 do without major involvement. Credit where credit is due, management got it over the line and are building 'deal momentum'- they've done quite a lot of transactions over the last few years which will stand them in good stead for the big one. Practice makes perfect.
I also think getting rid of Cenkos was a good move. They were chocolate teapot useless and while the sacking was slow it does show that management are listening to shareholders.
Looking back, the last batch of soil sampling did appear to be a catalyst for the share price. It is no secret that it has worked well as a tool to lead to the gold before and the massive program that was done last year may further corroborate the size and scale of the deposit here in a way that finally gets 'the market' excited again. Lamaune drills may also do it of course, but the share price moving is what ultimately moves the share price....keep staring at that chart. All the sheeple have to follow each other and nobody wants to be a 'bag holder' even if being underwater is the option premium on unexpected news lighting the share price up in a dramatic fashion.
3/3
In terms of board changes, I expect Bill will probably step down as CEO but I am pretty chilled about it either way. As long as he's retained in some capacity for his geological expertise, first nations relations and industry contacts there's not much to lose by him standing back somewhat and I honestly don't think he has a problem with it. Being in your eighties is no joke and travelling all over the globe for business still has got to take its toll; plenty of people struggle to get the bus into town to go shopping at that stage of life and what he's been achieving is pretty amazing.
Looking forward, Q2 could be very interesting indeed. Drills turning again, potentially some new faces giving the company a new flavour and gold stands a very decent chance of taking out its all time high. Landore may be a laggard, but sooner or later a strong rising tide will lift this boat- there's a double to be had from simply returning to the price from a couple of years ago when the project was quite a bit smaller. Once momentum traders start piling in it could come about surprisingly quickly. Buying drives buying in the same way that selling drives selling.
If I'm not mistaken there's a bit of consolidation happening at this price as it did down at 13p or so (it that a bull flag?) and it's not going to take much to trigger the next little leg back up. Fingers crossed for some Thursday news tomorrow, it's often a day they've dropped it before. I want to see that soil sampling!
If you have the emotional stability to realise that the share price has very little to do with what the business has achieved and you're in this until it matches you'll do nicely in my opinion.
Good luck to all investors and DYOR.
The other essential interview from today was Mark Bristow (Barrick CEO). Given that much of what he says is relevant to Landore, it is very odd that they should come out on the same day. Some of it ties in with some of my other posts here.
I have added some relevant time stamps and comments for you.
https://www.youtube.com/watch?v=vjDBPXc_Abc
12.10;
"With gold businesses, you've got to be careful about using cash to buy things, particularly in a depressed market...your equity IS your currency".
Yep. Landore's management now know that through lived experience. They have mistimed this strategic review. Perhaps by as little as a year.
Suitors need to see their own share prices recover.
I've said before that for Landore management money, you do not get all rounders at everything. Mark Bristow (world class) is on £200k/week, not £200k/year.
Management screwed up the timing. Have realistic expectations and understand that the world has been a horribly messy and complicated place for a few years. I have also been slightly too early here, but on sane timescales measured in quarters (and compared with the long haulers) it is nothing.
13.55;
"For me...tier two in Canada for instance...because I don't think there's any tier one assets in Canada...".
Humm. This is a change of tune. Bristow was always absolutely insistent that they wanted tier one assets before. Now he's talking about tier two assets...particularly in Canada? Do click on my name to see my post about Landore NOT being the next GGP the other day. I mentioned Junior Lake being a tier 2 asset in that post.
Me and Mark Bristow....what can I say? Great minds think alike? A little strange that my post talking about tiers and this interview with Mark Bristow are just a few days apart...has Mark joined the ever growing Mattja84 fanclub on the LSE board? ;-)
Obviously Sarah Lowther also asked if this was a tier one or tier two asset and Bill did not say 'it's a solid tier two'... which would have been my answer before going on to explain that tier one assets are basically unicorns these days and that even Barrick are having to start moving the goalposts.
18.09;
"Even Barrick... along with Rand Gold, if you look back in history, it's not the deals that have created the value, it's the continued ability to add ounces after the transaction".
Sound like the kind of situation somebody could scoop up at Junior Lake?
Finally, it is worth me mentioning, in the interests of accuracy, that I have Landore down as most likely to be acquired by a scrappy mid tier rather than Barrick.
As ever DYOR...I have been MONTHS early on this one...
Since intelligent discussion appears to have broken out on this board recently I though I'd start volunteering some more good sources in order to try and keep the ball rolling.
Are any of the fine scholars and gentlemen who now frequent the Landore Resources LSE board familiar with Minex Consulting?
Melbourne based, they "provide strategic and economic advice to resource companies- with a particular emphasis on the economics of mineral exploration".
They absolutely know what they're doing and have lots of free materials that give a good overview of the state of the exploration market that are well worth a browse.
First things first, check out their definitions of 'Tiers' which are somewhat flexible depending on who you ask, but are largely reasonable.
https://minexconsulting.com/definitions/tiers/
You'll note that Junior Lake does not meet the criteria for a tier one deposit, but do not be disheartened intrepid value hunter. Now is not the time for that 'black and white thinking' I mentioned the other day.
I am partly of the opinion that Greatland Gold's Havieron discovery has somewhat 'poisoned the well' for London listed gold mining stocks over the last few years. If it isn't "the next GGP!" people seem to think it means the deposit is fit for the bin. Deep, deep value is therefore found- at slightly smaller, slightly less economic deposits that thanks to 'black and white thinking' nobody has any interest in. It does not have to be "the next GGP!" to be a winner or a mine and making comparisons with Havieron as the benchmark, as if it is normal rather than totally freakish, has left investors with a horribly distorted view of what good gold deposits look like.
This perception skew has other contributing factors. Since there isn't an awful lot of mining in the UK, we don't have an awful lot of geologists or investors in the space. Drill results that are not immediately obvious as pornographic are brushed aside with no fanfare or excitement. Perhaps in part due to ignorance, but perhaps also because investors have been so spoiled by seeing an absolutely staggeringly rare find at a London listed company in recent times.
What you have to understand, is that most explorers are listed in Canada, Australia or the USA. London listed explorers are a very small proportion of the total gold explorer market, yet GGP happened to find an absolutely superb, world class, rare as hen's teeth type deposit. It has truly spoiled people's expectations. It is the VERY rare exception rather than the rule and has lead to totally illogical disappointment with deposits that are merely rare, rather than exceptionally rare. Deposits like Junior Lake.
In order to 're-calibrate' to realistic and valid expectations of how rare deposits are, it's well worth understanding the numbers.
Minex will tell you that despite the billions spent, a 'tier one' deposit typically only turns up every year or two. One deposit. Every year or two. Across the entire planet. There are lots and lots of producers who need new reserves. There are nowhere near enough of tier one deposits to supply all of them.
You'll note that Junior Lake qualifies as a tier two by Minex's criteria. Minex's research says that around four deposits of this type are discovered every year now. That's across the entire world. Owing to the extreme rarity of tier one deposits, this category is where the bulk of new mines come from.
Note that Minex do mention that tier two deposits sometimes grow into tier one deposits. Personally, in Junior Lake's case, I do not see it. I could be wrong, but there's no need to be delusionally bullish about the upside anyway. There's clearly significant expansion potential and growing to becoming a very decent tier two deposit is an incredible achievement.
What you also have to consider, is that a good number of the four or so tier two deposits being found every year are not in the most desirable locations (Canada, USA, Australia). Setting up in random developing nations comes with geopolitical risk. Risk that is growing. I have lost count of the producers who've stated a strong preference for their deposits to be in these top tier jurisdictions since the Ukraine war. Given that they can't move deposits and have to sink in vast sums to get returns over long timescales it makes total sense.
If you have any valid sense of perspective, you'll see that Junior Lake is special and rare.
It is not the next GGP though.
Doesn't have to be.
An excellent set of posts about gold macro on here today IMO. Thanks for chiming in, I enjoyed reading every last one of them. I have nothing to add about gold, but I do believe that inflation will not be a major issue by this time next year.
My own business was utterly pummelled with cost increases for two years or so. It was absolutely horrendous. Felt like it would never end. It turns out that if you shut the world down for 18 months, you really do cause supply chain issues and they take a long time to straighten out.
Anyway, we're now seeing things not only flatten out, but go into steep reversals over the last couple of months. I can't say we're back to 2019 prices again, but boots on the ground, that strikes me as much more likely by the end of 2023 than any continued and drastically elevated inflationary scenario. It has started happening suddenly. Not at all for ages, then all at once.
Obviously I'm just one bloke with an anecdote. The Federal Reserve employ 400 economics PhDs, which is one of only a few ways it is possible to remain so completely blind to reality and constantly wrong if you ask me. They didn't tighten quickly enough, but were largely right the first time that CPI inflation would be transitory (ish) due to supply side problems and have now over-tightened at a lightning pace. With all those brains they over-think and over-steer. A much smaller and much dumber set of people would probably do a better job.
Given that I get to set my own prices (gold miners get whatever the price is for gold) and my business is very small (gold miners have a lot less flexibility to change course as necessary) I am not massively surprised that 'adjusting to costs' has been cited as at least part of the reason for the delay here. It is not unreasonable. Producers have been having a nightmare time, but I think everybody will see soon enough that the costs of things are normalising and that it is therefore safe to start planning the future again. M&A time.
If countries want to deal with their debt piles, there are far more grown up and much safer methods than trying to sneakily inflate them away. That said, if this is some sort of nefarious 'master plan' to deal with all the debt in the system then they're really not off to a good start. Compounding slowly over the long haul might do it....enormous swings to double digit percentages followed by radical tightening is not going to keep the plebs quiet while their wealth is stolen. Stomping the accelerator, then smashing on the brake and banging everybody's heads into the windscreen is likely to get you noticed, even by the most braindead of mouth breathers. If it continues in this incredibly unsmooth fashion the entire car will soon be soaked with vomit.
I do agree about the price Bail1968, but it was only too cheap with an awful lot of hindsight.
What you have to remember is that the original disposal was done in early 2016, almost seven years ago. Lithium was not hot and Landore were just about to get going with the BAM gold deposit. The nickel price was not in a good way and gold was right at its low.
Landore have arguably always had too much to choose from and it was no different back then. They can't do it all and always had to pick what to focus on. Some of the US assets also look reasonably prospective to me, but let's not get started on that rabbit hole! "But wait, there's more!" is an ongoing theme here. None of it is priced in and while it's a "good problem to have" it is none the less a problem.
Personally I am deeply encouraged by their decision to try and dispose of the Junior Lake Lithium rather than develop it in house. It suggests to me that Bill and Glenn really are serious about getting Landore over the line and hanging up their boots rather than going on year after year unrewarded. I want to see a fair price for the developed resources. Otherwise there is no point in spending years and millions proving them up. If I want a new lithium exploration company I will go and find one.
I wouldn't be surprised if Bill consults though and I should imagine any acquiring company are likely to want him to have some ongoing involvement as part of any deal anyway. He did speak about winding down/stepping back from being CEO to a less full time role at some stage and consulting is one way it could play out for him. The idea that he has to keep Landore going to remain entertained is rather silly. He isn't going to be short of options for things to do with his time.
Yes, they deserve a better price this time, but it sounds like Glenn has that in mind. Something like the Lithoquest deal, only bigger money was the idea.
Assuming the tailwind JB73 highlights continues to build (I agree that it's highly likely) then 2023 looks very bright. Other gold explorers are starting to feel positive and are turning up from record low levels of sentiment. It has been a brutal few months. The delay with the strategic review may actually turn out to be a huge positive if everything starts lining up behind the sector economically when Landore are trying to finish a deal. The trick is to not be depressed about the present and to invest based on how you think things will be in a few quarters or a year or two.
Green Technology Metals (GTM) released a set of results today with some great lithium grades at the 'Root' project that they acquired from Landore. This is absolutely excellent news for Landore and comes at a fantastic time!
https://www.proactiveinvestors.com.au/companies/news/999000/green-technology-metals-welcomes-4-06-lithium-result-at-root-project-in-ontario-999000.html
GTMs market cap went up by $20 million Australian Dollars (£11 million GBP) today alone. That's two thirds of Landore's market cap added in a single day from one set of results at a Landore castoff! Do you have any more of these kinds of lithium prospects up for grabs please Bill? ;-)
Not only have Landore done business with GTM recently, but their main deposit (Seymour) is just a few kilometres to Landore's West. By Canadian distances, they are immediate neighbours. GTM recently discovered yet another lithium deposit at Seymour, on the same latitude as Junior Lake. They were having no success drilling north and south of the existing deposits there, but when they went East (Landore's direction) they hit one. The implications for Landore's lithium zone are obvious.
Ultimately, this whole situation SCREAMS "Landore know what they're doing and if you acquire the Junior Lake lithium prospect from them it will not be a duffer!"
I know that a lot of folks here regard the RNSs that Landore release as pure lies and deceit. But it should not be difficult to imagine, given the GTM links, that Landore's lithium zone is in very high demand and that there are genuinely several interested parties as they have stated. I suspect, given the success GTM are having, that these parties will actually be foaming at the mouth to have a go at developing it.
Perhaps the immediate increase in GTMs market cap (£11 million) gives us some sort of indication about the kind of sum that Landore should be asking for their Lithium Zone at Junior Lake?
I don't know if many of you have read the investment classics (Ben Graham?) but he describes situations where companies were available at a lower market cap than the cash they had in the bank. I have never found one, but Landore may be about to get very close.
There's already some cash in the bank. There's some more coming from Lithoquest and there are some shares. The lithium zone looks likely to be worth a decent sum. If you're happy with the caveat that it's not cash in the bank this second, but that it's going to drip in over a year or two, then Landore could conceivably be in possession of its entire current market cap from disposal of its non-core assets quite shortly.
It is a truly remarkable possibility.
Funding concerns? Ha!
I still think this just tidies things up and that plan A will still be the ultimate answer in the next few quarters. But plan B is starting to look ridiculously promising as a fall back.
I concur 100% brakken.
The idea that they've gone from a 'variety' of interest (not all sale) as stated by Glenn in the summer to 'we've got a 5% chance of closing a deal of any kind out of the SR' in less than two quarters strikes me as ridiculously unlikely given what's up for grabs.
People have simply used the share price as evidence and extrapolated delay into disaster.
Before they bother with the website or PR, Landore need to think about hiring a psychologist for their shareholders.
Black and white thinking? Check.
Catastrophising? Check.
Overgeneralisation (i.e 'this is just like xyz company)? Check.
It's mad. I have never seen anything like it. I've even wondered if some of the FUD posters are professionally trained in smashing share prices by encouraging such unhealthy thinking styles. If not, then they arguably need some help and are suffering mentally.
It never was binary. Options for total disaster are seriously limited. You must judge this company on its own merit.
Catbert, I was just writing pretty much exactly the same post as you've made there. Same comment about the AISC, inflation and the plan.
I've just deleted it, there is no point in repeating stuff.
Personally I do not think 'the market' knows anything about the likelihood of a sale in the next quarter or two- people simply use the share price as evidence when the share price is set by trading- sell whenever it's up 10%+ and this is what you end up with. There aren't enough long term investors (Mr Sprott, Mr Edwards, Primorus) still to allow the price to build. Who can blame people? The fear of getting stuck underwater is palpable.
Mads, my god I do feel sorry for you and other long suffering folks at times. Genuinely. NTM hit this on the head a while back. Unbelievably I actually liked one of his posts.
AIM doesn't regularly see resource companies build fair share prices as they build real world value. Cost of capital is therefore unfairly high over the long haul, dilution is terrible and long term investing over a large number of years (short of something absolutely spectacular surprising everybody, aka gambling) is almost guaranteed to be suicide. It's like herding cats- if you don't get enough investors who hold, then early investors get screwed, even if there is success. Deeply, deeply unfair and a stupid way of trying to achieve value for your investors, hence the direct approach to suitors. I am not saying that there aren't things the company could do to better the share price somewhat (PR, website) but I do believe that these are largely window dressing given that management are at least being taken seriously by suitors when they are not being taken seriously by the market. Realistically many of these should be private companies in my opinion, or perhaps the market needs some serious reform (that it won't get).
I can at times be gleeful and gittish about my purchase here, which is now undeniably disgusting value. I must remember not to do that because the value is directly off the back of early entrants donations, the pain of which is clearly very real. At least now you know to invest in later stage companies that already have demonstrably good value and decent resources rather than new companies that have little or nothing and a lot of hope. When I look around at the hype of very early stage companies with similar market caps to Landore at the moment and I read their boards I see a lot of folks who don't realise they're still a large number of years and a horrific amount of dilution away from anything that's viable.
Obviously I am not a particularly easily perturbed by the opinions of others and I can happily ignore that the share price is demanding horse racing style returns still, but I will still be surprised if Landore come away empty handed given that they're still having discussions. Negotiations should be difficult. Good deals are not quick deals. That they haven't concluded quickly isn't good evidence that they
More good news for Green Technology Metals. Arguably good news for us too.
https://www.proactiveinvestors.co.uk/companies/news/997589/green-technology-metals-unearths-first-lithium-discovery-in-50-years-at-seymour-project-in-canada-shares-up-997589.html
Seymour is their top asset at the moment. They were drilling north and south of the existing 'Aubry' deposits there without much success, but when they headed east of those instead they hit what looks like another quality lithium deposit. The announcement of this discovery added £11 million to their market cap in one day. Imagine having a share price that actually rationally increases on good news?! I wonder what that's like?
Hopefully anybody reading this already knows that our 'lithium zone' is directly east of their Seymour property by just a few kilometers. The latitude of the deposits there, including this new one, match with those on Landore's property. Tracing it across, that latitude slices directly across both North Lamaune Lake and Swole Lake. Things running from east to west here is definitely a theme. It is not difficult to see the potential, although it's entirely unreflected in Landore's share price. Check for yourself.
https://b61c7e0b-ed43-4605-8a65-97f4facfef40.usrfiles.com/ugd/b61c7e_47d4bb585b40492f878c636ef0776897.pdf
https://www.landore.com/pdf/04_lithium_zones_125k_220408d.pdf
Obviously Landore have the existing relationship with Green Technology Metals and have been talking to them lately to dispose of the royalty at Root Lake. Who knows what private conversations go on about the geological similarities between Seymour and our property on the same latitude just a few km over?
It should not come as any surprise given what's going on next door, that discussions are ongoing with multiple interested parties regarding Junior Lake's lithium area. As Sportbilly alluded to from his conversation with Glen, a deal may be structured like the Lithoquest deal, only for a larger sum. I do not have a figure in mind, but given that £11 million was added to Green Technology Metals' market cap in a single day (60% of our total market cap?!) from one discovery it should be significant.
There are no guarantees that a lithium deal occurs of course, but in my mind it is worth taking the time to work at getting one BEFORE the end of phase 1 of the strategic review for a number of reasons;
1) It tidies the company up if a sale of the whole PLC is the route forwards.
2) It provides another decent, non dilutive pot. That strengthens the negociating position and Bill's 'buy now or pay more later' stance becomes no idle threat.
3) If they're to sell the PLC then the tax credits Bill spoke of on May 26th will presumably go with it. I am no expert on Canadian tax law, but Bill put up the pre tax, $333m NPV figure for the gold with reference to those tax credits. Negotiating with a fairly typical percentage of this higher figure with the tax credits in mind may prove to be the key to forming an acceptable deal, which ain't 50p. Disposing of the lithium pre gold sale, rather than making a lithium spinoff later would keep things simple in this regard.
Clearly there has been much hysteria here lately and I have not been posting because this board was starting to resemble a lunatic asylum. I have bought an awful lot more shares at a price I did not ever consider would be possible at this stage and as Samroy astutely pointed out a few days ago, they are off the market permanently until this company achieves fair value which I can and will wait for. My approach is to think over a few quarters at a time, not to watch price action on level 2 all day. True value is hugely north of here, but you might as well use a dartboard to pick your entry point.
Remember that negotiations should be difficult and are undeniably complicated. A quick and easy deal is always a bad deal. If somebody tears your arm off immediately, then you did not ask for enough.
As always, do your own research and do not blindly follow me. The share price is entirely arbitrary and I have no idea which way it's going from here. The prices I've paid over time bear no resemblance to anything, both above and below this point.
Hi Olderandwiser.
I've decided that there's no point in posting any further essays on here till at least Monday 30th September.
I can't help but note that immediately after my last major one went on (7th September) we saw the latest rally begin.
Now I don't want to be narcissistic. I'm scientifically minded and it may just have been coincidental. But it does at least appear that it generated enough buying to trigger some chartists to also buy in based on the increased volume & direction of travel.
The problem is that people know that it is unlikely (although not impossible) that we will see transformational news until at least September 30th. Management may have done this intentionally (they don't care about the share price because they know they've got something decent in the bag already) or they simply didn't think through what it would do given the nature of AIM.
Ultimately, folks have been free to jump in and out at low (although not no) risk of missing out on any big prize. Accordingly momentum stalled again and my time sharing knowledge was largely wasted. By posting I may have facilitated further trading that is largely corrosive to the serious business of weighing the value of companies and ultimately I wish that I had not bothered.
FYI there was a moment during that rally where one individual dropping £50k+ in one lump would have seen this clear the 200 day moving average and its previous rally high of 21p or so. I did debate doing it myself for a bit of entertainment and to see if it set the traders off. Then I reminded myself that I'm here to buy undervalued companies and wait until they get valued properly, not to play poker and use my own cash to send traders signals to follow.
Until we're in the 'FOMO zone' on 30th September I'm keeping my mouth shut.
If there is no immediate news at that point, some impatient folks will clearly conclude that no news is bad news and sell out.
They may be right, they may be wrong, but they will be guessing. No immediate news could also mean that news isn't quite ready and management are going to put out a bumper RNS with soil sampling and drilling results at the same time.
The point is that selling gets much riskier after 30th September.
Lessons for the board?
1) If you give people a fixed, low risk window in which to sell their shares in the hope that they will be able to buy them back later, then many of them will do it triggering panic and doubt. If you were deliberately giving long term investors an opportunity to buy more shares at lower prices from doubters, then mission accomplished.
2) If you want the share price to build steadily then you're much better off keeping people in the dark about exactly what might happen and when. That way FOMO is the downside to selling shares and the share price has a chance to gain momentum.
That's all I'm saying until at least next week.
Has anybody else noticed that Landore haven't Tweeted in almost a fortnight?
Historically it's been three to five times a week...now nothing all of a sudden.
It could be as simple as somebody being on holiday.
Or a more deliberate radio silence for some reason?
Don't worry, I have got some more essays coming for you folks. I know you all love a good read and the next one is a cracker. Probably next week now though, so have your reading glasses ready.
My number one go to book is Mineral Exploration & Mining Essentials by Dr Rob Stevens. It is ace. Also doubles up as a doorstop!
It's not cheap/is a little tricky to get hold of in the UK though, which probably tells you half the story here. You may have to wait/scratch around for a copy. Perhaps try putting an alert on ebay in case one comes up? Mine was close to £100, but it has proved to be terrific value for money.
The fact that it is much easier to get it in the USA, Canada and Australia probably tells you half the story here. Far more people there know/have a serious interest in geology in those countries because they have a lot more mining than we do.