Member Info for sportbilly1976

These reflect essentially market maker activity...they are actively buying and selling on behalf of clients...it is NOT their own book

"PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY"

The 8.3 ones are actual holdings

They have a matched long and short position (3.90% each way)

First of many 1% notifications

Be interesting to see what the resulting free float is - I suspect not much, hence the volatility

Toffers,

For clarification I do not and did not hold HE1 and I bought in here Friday morning.

I'd not seen your post here over the weekend but merely replied to a question on here...

Https://www.cliffordchance.com/content/dam/cliffordchance/PDF/takeover_guide.pdf

Page 42 - 12 months prior to the offer period, so formal intention of making an offer, defined on page 48 (so my interpretation is that date was last Friday)

Lorna will raise into this rise...they only had enough cash for this drill, so they need ££ to take it any further

50k quoted at 47.17 on strip 47.50 (with IG)

Well stock supply is still pretty tight

25k is at 23p, but 55k is 24.04p and if people wanted to fill their ISA allowance, £20k buy price is 24.95p

IG closing only, max 50k at 10p currently

PFS won't happen.

Any credible interested party will do their own anyway. Landore best to retain the cost to develop BAM

One potential reason for the lack of notified interest could easily have been BH's view that there is 3-5Moz at JL and so in his mind, and as recompense for the years being invested here he set his sights on a £2-£3 offer and nothing less...so even initial conversations would have been moulded along those lines in the minds of potential acquirers
Hence they didn't take things further

The new CEO will not have that baggage (and also, lets be frank - the adverse City opinion given BH's approach of Landore as a private company vis-a-vis comms)
A 2Moz gold resource, with strong potential fro this to increase, an adjacent nickel resource too ...the new CEO could easily be open to talks around the £1-£1.50 range...a level which at the very least brings buyers to the table

New broker and their research note hopefully also brings along some exposure and awareness on Landore...the value of the resource is there...it just needs buyers to see it.

All buys so far this morning - however we have one MM very aggressively pushing the offer down with a big block openly being sold

Matt,

Very good posts. Expect the drill results imminently which will add some more battery metal resource into the mix.

Board's drive for a sale on the gold may well park further plans to explore the nickel resource further (cash effectively being spent on non-core drilling)

New CEO imo now going the main catalyst to share price movement (in place of any sale developments) as hopefully one with both operational experience but mostly very good deal history - most would be happy to see any remuneration package to be geared to equity on a deal over/above cash

Just over 1 million purchased yesterday and this morning in just 50k & 100k lumps...sp remaining static (so would suggest decent MM relationship to not let the sp run away)

Just 10k max at the moment..MM's blocking buys, we then get a sell and a 50/100k buy pops to absorb that latest sell and we're back to where we were again.

Possibly on annual retainer, so only certain points in a year when they can be removed?

imo once we can we will.

Having the house broker sat on the offer at the open offering 100k doesn't help either, something the Board are aware of and equally unhappy with too.
The sooner Cenkos get the boot the better - each note recently has been at a lower and lower sp

Still using $1600 for gold, still pricing in a c.$10mln fundraise this year - clearly their aim is to force some income and free warrants for themselves, rather than actually promote the Company they represent

https://www.sabinagoldsilver.com/news/b2gold-corp-announces-acquisition-of-sabina-gold-and-silver-corp

Canadian gold resource M&A activity announced today...huge resource though

Sale price pof C$1.1bln is their post tax NPV with gold at $1600.

The post tax NPV for Junior Lake with gold at $1600 is $154mln - fx of 1.2 equates to £1.05/share....which includes absolutely nothing for the >$2bln of nickel resource.

Given there is a fair whack of AT trades - my guess would be they could be sat just above 40p and feeding stock to the buyers.

imo buy order in....spread on 150k earlier was 13.27 - 15.26 and now they up bid & offer yet the buy price for 50k actually went from 13.70 to 13.69

Clearly wanting to attract a few sellers. Why give them your shares cheaply??

The financial year end is 31st December...so the Company is in a closed period at the moment until results are released.