Member Info for samval2403

PEA and drilling to start early Q2 so I'd take that as by end of April PEA, drill results by June? PFS start work in H2, by mid summer started and maybe start of September finish? For me better to assume later than earlier end of the timescale with Landore.

MRE info below.

BAM Gold Deposit: Pit optimisation work is currently being prepared by Cube for the January 2022 MRE with the full NI43-101 scheduled for publication by early Q2 of 2022.

Drilling will re-commence in early Q2 of 2022 on further delineation of the newly discovered western extension shoot together with commencement of drilling on the highly prospective Felix area along strike and to the west of the BAM Gold Deposit.

Landore is also planning to commence Pre-Feasibility studies in H2 2022 on the BAM Gold Project now that the Indicated portion of the resource has passed the one million ounce target

Earl loves a massive multibagger prediction. Landore certainly would do 2.5-5 bags in a sale imo but don't buy this based on this charlatans tip. A snippet of some other predictions the Earl has made:

#dish from EarlofAim on LSE
Anic Mcap £217M
beyond meat $7.7 billion
huge market for Amala food try to take a slice

worldwide plant based some $480Billion in 2024

#Dish Mcap £3M

10 Bagger is only £30M
3:56 PM · Sep 22, 2021

Down from that call significantly!

EarlofAim
Price: 0.205
No Opinion
RE: Deal with Blue chip
Today 16:04
Word is that Dukemount is chatting to blue chip energy
giants about setting up joint ventures and may announce
deals in the coming weeks"
huge crazy low Mcap

this could do 500% intraday.

Down from there and a huge dog on AIM in general.

EarlofAim
Posted in: SNT
Posts: 2,661
Price: 22.00
No Opinion
RE: Rns - mind blowing technology!15 Sep 2021 08:43
£3M MCap

vs EQT £110M

this could do 20 bags,

numbers are enormous, potentially a billion global game changer for the plastic waste to Energy!!

20 bags. Hahahaha, you could have traded this one tbf but it's at the same place it was when tripped pretty much.

Earl is the reason they say DYOR.

Great post Trek (as always).

£1-1.20 here for BAM alone is a great deal for shareholders IMO. Fully diluted £1.10 is £100 Oz for BAM, in line with peer equivalents Apollo Consolidate. They're at better g/t btw (not that valuation is that simple) now than BAM, also had a better SP when starting negotiations where they attracted multiple bidders.

I'd like to see an investor presentation showing what they have in MRE / PEA and then really hammering home the potential to become a multi million Oz resource- Felix, Lamuane, and those extra Kms of exploration targets. That can get us and hopefully some potential buyers excited again.

Nickel I agree with you Trek, it's only 31k tonnes (if I remember right), and the rest is equivalents that aren't likely to be equivalent at the price that mining is economic. Nickel needs to hold a good price ($18k-$20k+?) for a decent period of time before it could be considered for acquisition in my view, alongside growth towards that 100k tonne target mentioned before. For me I lean; with minimal conviction, towards long term it'll be acquired too for double digit millions £. Hopefully a bit more.

Still happy with "silence is golden" overall. Like you say
"All the reasons we invested are on the face of it sensible but the reality is much different". I'm happy to wait for reality to catch up.

Good luck everyone.

I've read the RNS Earl, you're the one being ignorant. Ignorant of reality. $10bn possible in situ for sure, key point being in time, with a bunch more drilling and in the right market conditions.

Landore don't have 100k tonnes of Nickel, they have 76k tonnes of Nickel equivalent, furthermore those equivalents are less likely to be as valuable at today's prices too, not done the maths on it yet (don't think many have).

Nickel won't come back at $50k and using that as your valuation metric is beyond optimistic. Even $30k is higher price than it's been for all but 1 week of the last 10 years.

Finally odds of them getting 10% of in situ value from a sale is optimistic. 5% would be a great result for a company that have only made it to MRE stage on their resources.

You chat about 20 baggers, you'll be gone before this bags.

Earl,

Landore is massively undervalued. I agree there.

$10bn in metals? You got any calculations for that? Because at $1,900 gold and $30k Nickel (and that's assuming all the Nickel equivalents in the B4-7 et Al deposits are still equivalent as they were years back) gets me to just over $5bn in situ.

The $10bn ramp ain't needed, $5bn is plenty.

These days if it looks and sounds like a ramp, then it generally is. How many uninformed people do you think you're going to get involved into your trade based on your needlessly inflated figures? They're not even needed.

Maybe his friend didn't want his ill health to be public knowledge...

Cheers Trojan.

Where is all this capital Ed says we supposedly have? I thought Seed was fairly far away from cashed up?

It's not right to compare them. Any resource company that has revenue shouldn't be compared to one that doesn't.

The company you like more you'll always find a way to emphasise their positives, whilst emphasising the others negatives.

You'll get closer to being right every day at this rate NTM.

24p would have been a nice place to hold the SP until next news. 20p and there are potential funding questions that we didn't have to answer at 24p.

One to add for the conspiracy theorists out there.

The person that loses most from a low SP raise is the CEO, yes he can buy some himself cheap but his current c5% holding will be diluted by more than that trivial gain in shares he'd make placing at 18-20p compared to a larger figure.

Next month Maestro and they have money now. Not enough to redo a 2020/2021 campaign, but I imagine enough to get started until either scenario Matt mentioned can come to fruition.

Comms are ****, but we already new Bill and team aren't great at that.

Figured as much UR. Thanks for the clarification.

"Research tends to suggest the old ‘unclassified’ grading is no longer used"

What do you mean by this UR?

Think 9p was the March 2020 Covid bottom NTM.

To me this reads like they've had someone at TMS read the MRE, had a quick chat on the last two years maybe and told them to write up a piece on Landore.

It's factual, and from a tweet online the writer looks like they did two pieces in the same morning. Good work in a short timeframe, but nothing folk like you need to learn more on Landore.

Barwick makes a great point here about director buying. Seed will be my last Aim share where the CEO doesn't have skin in the game. I've mentioned it before here and elsewhere but Ed got a 70% pay rise last year and the NAV decreased.

Leap really will be the liquidity event for Seed, both for the fund and the SP. The being inside won't wash any longer from Ed if they do IPO/M&A or even carry on as is and both options are put on ice formally. Supposedly info due in H2, earlier rather than later so 2-3 months wait.

Meanwhile Eurox, LGP seem to be doing good business and the Yooma uplist surely can't make their SP dip further (with the reach they've got, they're already serious players).

I won't buy a penny more here but I'm holding, with optimism.

Just tried 3 browsers to access Leap site. All no good...

Landore is a great example of rational markets not existing. Market capitalisation is the present value of expected future income they teach you.

Tbf though you could probably pull any aim co at random and have a good chance to say the same thing.

Few buys this morning showing that the SP doesn't really want to leave that 24-26.5p range we spent December, January in.

A nice prediction Matt. I agree it would be good to see the faithful here rewarded, and two resources of value and growth potential is no mean feat.

Got a chuckle out of this too - "Landore is desperately under-ramped by it's own management!"

No doubt there are firms that have been in the data room, had these discussions with Bill and the team about what they want will be able to make an offer if their requirements have been met. As Matt says the MRE was great, and looks to be plugging the gaps that get us to a perceived 2m Oz.

Regardless it'll still take time imo, pitches need to be made, budgets signed off, opportunity costs considered if they're looking at multiple juniors. 3-4 weeks wouldn't shock me to just get the initial enquiry in from the size of company that can buy BAM.