Member Info for Samroy

It’s possible to get £167 an oz gold just like Mariana resources did in 2017 when gold was $1266 an oz they had 1Moz gold were not producing and that’s all they had. LND is a much superior company better jurisdiction, in fact one of the top 5 best postcodes in the world. Plus and amazing portfolio of assets worth a few £ Billion

JH your opinion is worth nothing, you’ve been very quiet since you sold go and crawl back under your stone. :)

GD66 best to wait for MRE and do the calculations then. Not long to wait now.

Bill said get the Ducks in a row. Gold is $1820 as I type
https://www.kitco.com/news/2021-11-02/Gold-set-to-steal-the-show-in-2022-Bloomberg-Intelligence.html

This has got to be good news especially if the deal gets done. Could be in today’s papers, wonder if Share price Monday will react. RNS Monday re speculation?

https://www.thetimes.co.uk/article/abrdn-gatecrashes-1-5bn-interactive-investor-float-d8htwswvs

https://news.sky.com/story/abrdn-in-1-5bn-talks-to-buy-diy-stock-picker-interactive-investor-12461582

Gold prices gained more than 1% on Friday, shaking off stronger-than-expected jobs data from October, as major central banks continue to strike a dovish tone on interest rates.

Spot gold rose 1.1% to $1,810.28 per ounce by noon EDT, its highest in over a week. US gold futures for December delivery went up 0.9% to $1,810.10 per ounce.

The limited reaction to the latest employment data shows “despite the strong labor market report, it is not going to change what Federal Reserve Chair Jerome Powell signalled this week,”Edward Moya, senior market analyst at brokerage OANDA, wrote in a Reuters report.

Low interest rates to spur economic growth during the covid pandemic have pushed gold prices to new highs over the past two years. Easy monetary policy reduces the opportunity cost of holding non-yielding assets like bullion.

On Wednesday, the Fed stuck to its view that inflation would prove “transitory” and would likely not require a fast rise in interest rates. Following that, the Bank of England surprised markets by also keeping rates on hold.

The moves by these central banks helped gold shrug off early losses in the week, putting it on track to close the week up 1.0%.

“Gold bulls seem to be drawing strength from the Fed’s unhurried stance on raising interest rates,” said FXTM analyst Lukman Otunuga, adding that subdued treasury yields are complementing gains.

Yields on the US 10-year treasury notes slipped to their lowest level in about a month on Friday

https://www.mining.com/gold-price-gets-boost-from-central-banks-dovish-tone/

Corrected version
Reading some of the posts here tells me that some people here just haven’t got a clue of where the value of this stock should be. The clues are all there, we are drilling and building the gold resource,
We have funds to take us to June 2022, we have an incoming MRE, and in the new year a PEA.
We also have Mr sprott holding £4million worth of warrants which he will excercise before cash is needed by the company also Mr sprott is here for the end game and will not take a pittance for them.
I’m expecting Plenty of news between now and Christmas. Like I say do the Maths for every 100,000oz gold discovered it’s 6.6p @£90 an oz whatever the MRE comes out at times it by 6.6p. At the moment we should realistically be trading at 66p just for the gold alone.
Then if you add in the battery metals which are just as valuable as the gold that should see us into the £1s. Going back to the MRE let’s say it shows 1.5 million Oz gold that alone should make us worth £1.00 approx then add on the battery metals and you have a very valuable stock being priced way off the mark by the market. You can expect an offer in the new year this is a buyers dream, the majors will be all over us. Bill and Glenn will not sell cheap they are totally aligned with the shareholders they will want a fair price, they just won’t sell cheap after all the hard work that has gone into the company over the years. I can’t spell it out any clearer if you buy this stock do so but don’t give your shares away cheaply you will only regret it in the end.

Funds till June 2022

Reading some of the posts here tells me that some people here just haven’t got a clue of where the value of this stock should be. The clues are all there, we are drilling and building the gold resource,
We have funds to take us to June 2020, we have an incoming MRE, and in the new year a PEA.
We also have Mr sprott holding £4million worth of warrants which he will excercise before cash is need by the company also Mr sprott is here for the end game and will not take a pittance for them.
I’m expecting Plenty of news between now and Christmas. Like I say do the Maths for every 100,000oz gold discovered it’s 6.6p @£90 an oz whatever the MRE comes out at times it by 6.6p. At the moment we should realistically be trading at 66p just for the gold alone.
Then if you add in the battery metals which are just as valuable as the gold that should see us into the £1s. Going back to the MRE let’s say it shows 1.5 million Oz gold that alone should make us worth £1.00 approx then add on the battery metals and you have a very valuable stock being priced way off the mark by the market. You can expect an offer in the new year this is a buyers dream the majors will be all over us. Bill and Glenn will not sell cheap they are totally aligned with the shareholders they will want a fair price, they just won’t sell cheap after all the hard work that has gone into the company over the years. I can’t spell it out any clearer if you buy this stock do so but don’t give your shares away cheaply you will only regret it in the end.

Nickel frenzy
The tug of war between the two Australian companies is the latest evidence of the rush global miners are in to secure supply of battery metals ahead of an imminent surge in demand from electric vehicles.

Nickel production would need to increase nearly fourfold to meet expected demand for electric and hybrid vehicles, the company estimates. Likewise, copper output would also need to grow exponentially to meet demand from renewable power generation, battery storage, electric vehicles, charging stations and related grid infrastructure.

Tesla boss Elon Musk has expressed worries about a looming nickel shortage. He pleaded with miners last year to produce more nickel, promising a “giant contract” for supply produced efficiently and in an “environmentally sensitive way.”

Last month, the US EV giant inked a multi-year nickel supply deal with New Caledonia’s Prony Resources. The contract guarantees it about 42,000 tonnes of the metal needed to produce the batteries that power its EVs.

https://www.mining.com/barrick-taking-interests-in-red-lake-gold-dixie-gold-projects-in-ontario/

There's a lot more to come, this is just the start, if LND were a ladder we are on the first "rung" good day today here.
I just hope people know what they have bought and where it could go too. Have a good evening all.

We have a long way to go, at the moment we are being priced for just 400,000oz gold not anything else in the portfolio, as I said previously each 100,000oz of gold is equivalent to 6.6p based on $90oz the MRE will be very interesting how much the resource has grown.
That alone will deserve a re-rate. Have a good day all.

For saying we finished 6.67% up I’d say the buying has started let’s see what tomorrow brings.

At the mo just ticked up 24.5p

I know maestro that calculation is in there for when we do. have a good day.

Apollo’s value has now increased to $186.6 m Australian dollars that equates to approximately
£102 m pounds Sterling. This is a clear bench mark as to where value should lie for what Gold we have and this doesn't include anything else in our basket of goodies.

https://themarketherald.com.au/ramelius-resources-asxrms-offers-higher-bid-for-apollo-asxaop-2021-11-01/

I’m looking forward to the new MRE that will increase the gold resource we have and also increase company value

We know from Cenkos broker note they value our gold at approximately $90 per Oz to come up with the following valuation of 66p per share for the Gold only.
1,000,000oz x £90 per oz = £90,000,000 ÷ 136m shares fully diluted = £0.66p

Based on that calculation above that gives us a value for every 100,000oz gold found to give approximately 6.6p per share (based on £90 oz)

Now with the upcoming MRE how much will the upgrade be? I’ve added three possible amounts below to give an approximate amount of what we could achieve in the near term, bearing in mind we are now drilling again and Bill said that some of it could be included in the MRE this year.

1,500,000oz x £90 per oz = £135,000,000 ÷ 136m shares fully diluted = £0.99p
1,750,000oz x £90 per oz = £157,500,000 ÷ 136m Shares fully diluted = £1.15p
2,000,000oz x £90 per oz = £180,000,000 ÷ 136m shares fully diluted = £1.32p

Another thing to note taken from the RNS dated 7th jan 2020 Up to November 2019, a total of 251 diamond drill holes for approximately 45,686m have been completed with the BAM Gold Project area, with a total of 207 holes used in the current MRE (37,540m).

So what about the 44 holes that were not included in the last and current MRE why were these not included does anyone know why? Did these holes contain decent amounts of gold that could of been included? And if so how much did they contain?
Also was this done to underplay just how much the resource could of been?

We could say that the 44 holes didn’t contain any gold but I don’t think that is possible owing to the fact I’ve not seen any report to clarify that.
Whatever the case maybe Landore are going to get into sell mode pretty soon and I’m expecting that to show in the share price.

I know I keep mentioning Mariana resources but they got taken over for £167m for their 1 moz and approximately £167 an oz of gold when gold was $1266 26/04/2017
The $90 I’ve used above in my calculations could be more because a potential buyer may wish to pay us a premium…. looking forward to the run up to Christmas and to see where we are. GLA.

Great post UR enjoyed reading that, agree with everything you say.

Agree with BT1 plenty have been buying, I have taken over 1m shares now. What I think most are trying to do is find the bottom to enter or top up. After the recent TR1 it is now clear Mr Huddleston had been selling and is now out or very nearly out, we still wait another possible TR1 from Canaccord. Whatever the case my be they must be close to notifying the market, a bit of sustained buying must surly see them out. Have a good day all busy day for me.