Member Info for sportbilly1976

From the same article, interesting to note the comment on the nickel resources.

From the news release last October, Landore has ~100k tonnes of NiEq...currently at $22,500/tonne that's over $2bln in ground resource

Ignore my post below...Landore sold on the Root Lake property 5 year sago (had tried to find the date on the Proactive link but couldn't)
apologies.

Lithium exploration deals being concluded on Landore's doorstep:

https://www.newswire.ca/news-releases/first-energy-metals-acquires-falcon-lake-lithium-property-in-northwestern-ontario-canada-829899855.html

Landore's lithium has not yet been fully developed:

"Lithium is a hot topic however, and it is easy to understand why Landore would be keen to trumpet the potential value of the Root Lake Property, 100% owned by Landore, which contains a historic resource of 2.297 million tonnes grading 1.3% lithium (Li2O) (not compliant to Canadian National Instrument 43-101). The lithium resource was defined over a strike of 500 meters and widths up to 19 meters.

In recent weeks and months, a plethora of Canadian based exploration juniors have turned their attention to lithium, as investor interest increases in the metal. Lithium is used in a number of applications, but it is the forecasted demand from rechargeable batteries for electric or hybrid cars that has speculators salivating about the potential future price of Lithium.

Landore for its part has been sitting on Root Lake since 2000, when the company acquired Brancote Canada. The Property, consists of 33 patented claims for a total of 513.43 hectares on which Landore owns both the mineral and surface rights. Root Lake lies 150 km east of Red Lake and 130 km north of Sioux Lookout."

https://www.proactiveinvestors.co.uk/companies/news/6170/landore-resources-dusts-off-historic-lithium-project-in-red-lake-mining-district-8136.html

MRE expectations....

I think we should be setting our sights for 1.4-1.6 Indicated & Inferred reserves...Bill's 2Moz was "perceived" (i.e if we were to extend out this is what we would get to)

Cash & shares receipt just ~2% of the current mkt cap, with a further 7% or so to come over the next 18 months.

All will be useful to develop the B4-7 and VW battery metal resources (estimated by Bill at $3.6bln in situ value)...plus any proceeds from the BAM gold resource sale too

Opinion edited...always been a strong buy for me at these levels

John,
I suspect assays and MRE will come as a package. The MRE was delayed at the Company's request to include the additional drills (the bulk of the prior drills potentially would have been included in preliminary MRE work)
We are still in the first week post new year...the MRE could easily come next week...
We just (frustratingly) have a few £10k traders at the moment taking a hundred quid or so stalling any momentum and rise, using the 26p mid-price as their buy/sell indicator
Personally I hope Bill drops a 7am rns giving both updates and even an initial approach from Barrick or another major, shafting the intraday traders

https://twitter.com/landore_plc/status/1476532190188122114

Pushing the EV metals quite a bit now...already mentally sold the gold resources so onto the next part of the Landore story?

Samval - good post, but from memory the two deals you mention were at £100mln/1Moz, not $

This brings read across value of 1.4-1.6Moz around £1-£1.20 or so for BAM, with all the EV/battery metal resource on top & Laumane resources as well

there's a background buyer taking most of them up

copied over from ad-v-fn & some excellent research from The Skipper

I’ve been doing a bit of research to establish why James Huddleston might still be dumping his warrant stock when news is expected imminently, and it seems that he became a director of IOS BIO some time ago.It has developed an oral version of the Covid vaccine and already has a worldwide marketing agreement for it: hTTps://iosbio.com/news/

On this page it is confirmed that he has become the largest shareholder: hTTps://iosbio.com/the-team/ and looking at the company’s filings at Companies House it seems that several of his family are also invested there. I would not be surprised to learn that they will either seek a listing soon or get bought out by Big Pharma, so it makes sense to me that he is putting all his wealth and energy into that, rather than having a negative view on LND’s potential, and of course he can only sell once so it should be coming to an end soon imho.

Just tried some dummy buys...it is NT at 25p

15k-95k is 25.2p however just 5k is 25.75p

Rns April'20 - fundraise and JH got 5,925,926 warrants - post 20:1 consolidation and the number is 296,296 which have been exercised today (no doubt forward sold)

Hopefully this is JH now fully out and we can move forwards - his selling down over the past 6 months or so has knackered the share price

Lab delays outside of Landore's control - I'm expecting a drilling update very soon which will hopefully also confirm their inclusion in the MRE too and possibly a hint as to their content? (1.4-1.6Moz, perceived 2Moz?)

Even on the existing 1Moz we are undervalued by factor x4 compared to recent M&A activity which would be excluding all the EV and battery metal resources.
Fully invested here otherwise would be topping up at 25p...

So Hochschild purchasing Amarillo gold resource

https://amarillogold.com/investors/news/news-details/2021/Amarillo-to-be-acquired-by-Hochschild/default.aspx

Remove the cash and it is c.£80mln for their 1.2Moz resource - Brasil based so some jurisdiction discount (when based on the Apollo purchase in Australia)
shareholders also get shares in the spin out Company, something which could easily be done here with regards the battery metal resources

Get to 1.4-1.6Moz M&I (so the 2Moz perceived figure) and we should be looking at read across vlaue of £1.20-£1.50 fully diluted.

3x-5x return over a few month timeframe - let me know an investor who wouldn't take that

30p?

sorry - read across value from the Apollo offer on LND's current 1.1Moz is 73p (with zero value ascribed to the nickel etc)

Get the MRE to a M&I 1.5Moz with perceived taking it to Bill's 2Moz and then you're around the £1.30-£1.50 level...with nothing for the Lamaune resource (which the mgmt and geologists believe could be a lookalike to BAM) and the battery metal resource.

30p - way, way under selling this

How much f'ing clearer can you make it!

https://twitter.com/landore_plc/status/1456215294939172870

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@landore_plc
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#LND #Gold #Nickel #PGM #COP26
@landore_plc

“This could be excellent news for the Sprott Junior Gold Miner’s ETF (SGDJ ), which tracks small-cap gold companies that could find themselves well-positioned as acquisition targets.
https://etfdb.com/gold-silver-investing-channel/newmont-executive-sees-green-merger-moves-in-mining/

The article was published on October 12th...so not timely, but it can be used to highlight and link across to the recent Apollo approach which on a pro-rata basis would put the existing !.1Moz at ~£1/share...and an upgrqaded MRE to 1.5Moz around £1.50 a share!!

Bidder's statement from Ramelius for Apollo:

http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20211103:nASX260tcX

Apollo have a 1Moz gold resource, and also have an identical indicated/inferred ratio (75%) to Landore - given the Ramelius share price this values the deal at AUD $180mln (£100mln)

At fully diluted 135mln shares here this equates to just under 3x return for fair value equivalence

Upgrade the gold resource here in the MRE to 1.5Moz and we're looking at ~111p LND price for equivalence for just the gold.
Nothing for the nickel etc, which Bill commented is of equivalent in situ value

Hence my £1.50-£2 target price for LND stock.

Looking at dummy trades this am and I'm thinking the bottom in now (subject to no further holders selling down obviously!)

28.95/29 for up to 75k, then full offer 29.5 to 125k and 30.5p for above this.

A few buys this am and then full offer paid and MM's hopefully will then start raising the bid and we can move!

Anyone else submit questions?

https://twitter.com/landore_plc/status/1420316853751226368

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@landore_plc
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Thanks for all the questions that Bill & Glenn will look to answer in the
@landore_plc
Executive Board Q & A later today.

We will post the link when it is ready for publication, hopefully later today.