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A 0.06p profit...approx £54 before fees
Sell the gold, possibly the nickel alongside it too.
Pay significant dividend to shareholders and then develop the lithium....long term value would be here, but beyond Bill's time as CEO.
If that were the case, no share price would jump or gap on receipt of any offer...as the market would have known about it before it was made.
So a new market maker, Berenberg has popped up today.
Coincidental timing with the EOI stage 1 deadline this week..?? Can't see why they would rock up if the price was about to fall and there was no demand for trading the stock.
Think there is more than a whiff of manipulation here today....4x £10k sell trades in less than 2 minutes?
I feel that a rns is inevitable - it is hugely price sensitive (think of the implications if none were to be received).
However, the devil as always in the detail -
"we now proceed to stage 2"
"we have received x EOI's and as such will proceed to stage 2"
"we have received several EOI's which value Landore within a range we would accept and hence we will now proceed to stage 2"
Hopefully before the EOI rns we get an update on the soil sampling and drills too (even if preliminary)...those interested parties must have the data too as it could significantly affect their implied valuations
https://corporatefinanceinstitute.com/resources/knowledge/finance/what-is-expression-of-interest-eoi/
Interesting read here
correction - using the fully diluted shares in issue number it would be £1.76 per share.
(still zero value for the nickel in that though)
https://www.coeur.com/_resources/news/nr_20220919.pdf
Equivalent rate of £145mln per 1Moz here....
on that basis alone it would put an equivalent price of £1.88 per share...with nothing for the nickel
Matt,
Great posts - you mind if I copy across to the other Board/site?
Interesting piece - Tesla signing, via Rio Tinto a $1.5bln deal to acquire nickel from US based mine that is years away from production
Interest to get something similar for what I'm sure will be in excess of 100k tonnes from Landore??
https://twitter.com/CNBC/status/1562743335990702080
https://twitter.com/landore_plc/status/1562334046704865280
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@landore_plc
B47 & VW Deposits
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#EV #BatteryMetals #LND #EnergyTransition
‘Battery metals at Junior Lake’
#criticalminerals ? in demand.
??Nickel NI
??Copper CU
??Cobalt CO
??Platinum PT
??Palladium PD
??Lithium Li
https://www.cbc.ca/news/canada/sudbury/deal-volkswagen-mercedes-mining-1.6559971
"Memorandums of understanding the federal government signed with two of Europe's largest automakers are unprecedented, according to the president of Canada's Automotive Parts Manufacturers' Association.
On Tuesday the federal government announced it reached agreements with Volkswagen and Mercedes-Benz that would help the German automakers secure access to the critical minerals needed for electric vehicle batteries.
Those critical minerals – such as lithium, nickel, cobalt and graphite – are primarily found in parts of northern Ontario and northern Quebec.
"It is absolutely unprecedented," said Flavio Volpe, president of the Automotive Parts Manufacturers' Association.
He said the agreements with both companies sends a signal to other car manufacturers that northern Ontario and northern Quebec are the places to access critical minerals if they want to qualify for new electric vehicle tax credits in the U.S.
To qualify for the new tax credits in the U.S. – which are worth up to $7,500 for electrical vehicle buyers – automakers must manufacture their vehicles in North America, and source most of their critical minerals and battery materials from countries that have a free-trade agreement with the U.S.
The Volkswagen agreement "focuses on deepening cooperation on sustainable battery manufacturing, cathode active material production and critical mineral supply, among others, and on setting up a Canadian office for PowerCo, Volkswagen's newly formed battery company," the federal government said in a press release.
The Mercedes-Benz agreement focuses on enhancing collaboration with Canadian companies along the electric vehicle and battery supply chains and supporting the development of a sustainable critical mineral supply chain in Canada.
"Canada is committed to building a strong and reliable automotive and battery supply chain here in North America to help the world meet global climate goals," Minister of Innovation, Science and Industry François-Philippe Champagne, said in a press release.
Volpe told CBC News the deals mean the government of Canada will act as a "concierge" and help both the automakers and mining companies build relationships and develop the resources for electric vehicle batteries.
"This government of course has shown an exemplary commitment to working with Indigenous partners and local communities," Volpe said.
"But sometimes having the federal government in the room and in support makes for a lot less mistakes i
Large trade just reported at 18.50
Online limits dropped significantly too at same time
spreads now:
25k is 18.70-18.99
100k is 18.70-19.40
https://twitter.com/Chrissygun/status/1559172495990788097
"#LND I’m no geo expert but there seems to be a lot of red chert in the cores. I was recently watching an interview where “Brent Cook” stated that the higher grade gold was found in that type of rock.
Check this video out from 1m 38sec
https://youtu.be/kRXgiYgr71c
The recent tweet an early indication of core shows?
Shows at Felix and also Lamaune essentially prove up the geologist's belief (Chris Cooper) that it is one long strike..
This in turn really starts to push the gold resource into Bill's 5Moz range (ref his Proactive presentation comment) and would easily push the NiEq to 100k tonnes++
Up to the buyers now to make an offer which gives them room to grow and exploit the resource whilst also recognising that they're not just buying 1.5Moz and 74k tonnes
..and that is down to Bill & Glenn's negotiating for what premium they can extract for us shareholders
Given the social media posts this week, I wonder if there have been some positive indicators coming from the summer sampling and rills?
In addition to the soil sampling leading them to extend out to the autumn, potentially the drill cores could be showing things they like too - they are expecting to hit nickel and gold...just a case of grades and strike intervals
Good hits at Felix and especially on the approach out to Lamaune could well indicate mineralisation evidence to support the belief that BAM_Lamaune is in fact one continuous resource zone
hTtps://www.landore.com/pdf/Junior-Resource-Exploration.pdf
Messaged the Company yesterday for Confirmation of start of drilling and for any update on the soil sampling.
Drilling commenced on the 26th July and soil sampling is ongoing throughout the summer to mid-autumn.
Given this was supposed to end mid-August, one suspects they have had better than expected results and so are extending the range/area being sampled?
Very strong similarities here to our BAM gold resource
https://twitter.com/Dobbo761/status/1554744089987407874
https://twitter.com/Chrissygun/status/1552921163285897216
#LND Surrounded by a number of Majors and mid tiers this map points out their proximity to
@landore_plc
With the sale process ongoing i expect a number of these companies expressing their interest to advance to the next stage of the sale process after September 30th.