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https://www.thearmchairtrader.com/b2-gold-oklo-resources-mali/
"ASX-listed gold explorer Oklo Resources looks set to be bought by B2Gold for A$90m approximately. B2Gold will be buying 100% of the gold explorer, which has been prospecting in Africa.
" In March 2021 it delivered an initial measured, indicated and inferred JORC 2012 compliant resource of 11.3mt at 1.83 g/t gold for 668.5kOz contained gold. This encompassed the Seko, Koko, Disse and Diabarou deposits, which all remain open and are expected to grow with ongoing drilling either along strike or at depth
So MI&I resource of 668k oz for A$90mln (Fx 1.775 = £50mln)...an implied £75mln per 1Moz which see the recent 1.5Moz in the MRE valued at around 83p
Also add in the nickel (arguably a similar value to the gold) and the substantial iron resources within Landore Canada Inc on top of this...and also a jurisdiction premium as Canada > Mali.
£2 a share??
The difference is that is a company based on turnover, margins etc which are under pressure through reduced consumer demand and purchasing power
We are selling an asset...and an as yet not fully discovered asset at that.
We have 1.5Moz from 4kms of strike length been drilled...there is a further 10kms with identical mineralisation and potentially 20kms+ of strike to go
+ $2bln in situ nickel and Lamaune iron
The price offered/accepted will be based upon this...and arguably both demand for these and the underlying price is set to increase from here over the coming years too
spread most of the day has been 22.71-22.85+ or so...around 100k each buys + sells
MM playing with spread recently between 22/23.5 yet underlying dealing price unchanged
There's a difference between only seeing the positives and seeing a balance of views...which arguably one could also describe as "research".
The rns lays it out pretty plainly - "The Board believes the Strategic Review process is appropriate at this stage of the Company's development to help the Board achieve its objective in maximizing shareholder value."
They have been highlighting for some time the disparity between market value and asset value. This is their opportunity to close that gap. and as shareholders themselves one I expect them to take
...back in Sept'20 the nickel price was also around 50% of it's current price
HAD a target price of 81p....back in Sept'20
Before a near 50% increase in gold resource via MRE...and with the CEO commenting on an identical mineralisation over a further 7.5kms
How much has been received in the past month of so from warrant conversions and also there is the Lithoquest option money coming in - $250k in cash and $500k in convertibles in July, not including the $750k in cash & convertibles already received
The July campaign comment is just there to firm up Bill's negotiating hand imo....
https://twitter.com/landore_plc/status/1522461306368012289
How in your face does the Board need to get with some investors before they realise what is happening??
https://www.mining.com/web/canada-nickel-bid-is-tip-of-the-iceberg-of-bhps-growth-ambition/
"BHP Group’s unsuccessful attempt to buy a junior Canadian nickel miner last year should be seen as “almost the tip of the iceberg” for its ambitions in the resource-rich country, says one of the company’s top executives.
The world’s biggest mining company sees nickel as one of three “future-facing commodities” — along with copper and potash — and has set up its exploration and business development team in Canada, partly to scour for opportunities in Ontario’s highly prospective Ring of Fire region.
SIGN UP FOR THE COPPER DIGEST
In the transition to clean energy, the world is expected to need four times as much nickel in the next 30 years as it has in the last 30 years, Ragnar Udd, BHP’s president for Americas minerals, said in an interview.
Besides its deposits, Canada has great people, policy that’s becoming more investor friendly, a population that seems to “get it” and a market that understands and invests in projects, he said.
After bowing out of a bidding war with Australian billionaire Andrew Forrest for Noront Resources Ltd. in December, Melbourne-based BHP will “absolutely” be chasing more Canadian nickel assets, Udd said.
“You shouldn’t read basically that the conversation with Noront is a one and done,” he said. “It could be almost the tip of the iceberg in terms what I think the media saw as being worthy. But the reality is we have an entire engine that takes a look at growth within BHP.”
That engine includes in-house exploration, early-stage investments in junior and mid-sized miners, internal growth and takeovers. As an example, BHP just invested C$100 million ($78 million) in Filo Mining Corp., a Canadian venture exploring a copper deposit on the Chile-Argentina border.
Nickel focus
While nickel — a key component in batteries used in electric vehicles — is a focus for BHP, so too are copper and potash. BHP has no preference among the three, with decisions being based on value and opportunity costs in terms of other capital allocation options. Relative valuations of copper and nickel companies have risen significantly, he said.
“The realty is that early-stage and mid-stage entry probably poses more risk, but also potentially has a higher reward associated with it,” Udd said. Still, “a fantastic deal” may come along in another section of the market, he added.
Asked if supply-constrained metal markets signal larger deals may be around the corner, he said BHP will pursue value wherever it may be.
“We’ll actively keep an eye on those different investments and will pull the trigger when we see value actually sits there,” Udd said"
Something will need to be announced pre event otherwise Bill will be inundated with questions from bemused investors
https://twitter.com/landore_plc/status/1522120766266957826
???????????? ????????-????????????
#LND #Nickel #BatteryMetals #Lithium #cobalt #gold
?? Swole Lithium
?? Tape Lake Lithium
?? Despard Lithium
Three significant occurrences to develop in the Summer 2022 field season
https://mining.com/web/good-times-are-ahead-for-lithium-miners-as-prices-continue-to-surge/
https://uk.advfn.com/stock-market/london/landore-resources-LND/share-news/Landore-Resources-Limited-Lithium-Zone-Junior-La/87809324
https://www.bbc.co.uk/news/business-61148499
There you go
https://twitter.com/landore_plc/status/1518488942533922821
??????? ????????? ???
@landore_plc
???????????? ????????-????????????
#LND #Nickel #BatteryMetals #Lithium #cobalt #gold
‘Mr. Lithium’ Warns There’s ?????? ???????????? ?????????????? ???????????? to Go Around
We are well placed to ease the problem!
Following on from their recent lithium update, and with reference to a CAD $5mln investment (for a 13% stake) in another Canadian company announced this week - Ultra Lithium (https://ultralithium.com/)...totally courtesy of a contributor within the Telegram group...some thoughts and comments.
Firstly - the investment values the Company at CAD $38.46mln...or £23.57mln, just £1mln off the valuation of Landore.
Until earlier this year, they were know as Ultra Resources...so clearly felt a name change to lithium would reap rewards - their projects include 4 lithium licences (2 in Argentina and 2 in Ontario) and 16 gold licences in Argentina
The Canadian licence areas are in Thunder Bay (Giorgia Lake)...very close to our own licence area
Based on their Corporate presentation, they plan to drill just over 3,000m this summer....and they have some reasonable rock chip samples
One small difference - they don't currently have ANY resources.
Yet their valuation is virtually the same as Landore's - and we have a confirmed 1.5Moz gold resource, potentially up to 4-6Moz given identical mineralisations seen over a further 10kms strike length, a ready to go 77,000 tonne nickel resource (potential to incr to 100k tonnes)
Upcoming newsflow here:
PEA early May - one week away
Bill said last time that he didn't expect this getting far into the PFS (post PEA) as the demand for the resources we have is so strong.
Proactive event on May 26th - Bill has said he doesn't like doing interviews/events with no new news to be able to openly discuss.
...and add into the mix the recently converted 500k warrants as well
Stock availability seems to be drying up here now though...not the constant 100-150k available inside the spread as was the case a month or so back.
Through the compact zone of moving averages should see more investors coming in, taking more stock and pushing the sp higher....
I would disagree with you there - selling/dumping 14mln-odd shares will drag on a share price like Landore with it's small liquidity for months....and then a few others sell on the back of a falling sp...JH stops once under a certain sp and it recovers, only for it then to return into his "sell zone" and here we still are.
The 108 EMA at 24.55p is the next main one...
above mid sells now so hopefully a closing of the displayed spread could entice a few more investors here.
Care to explain how you make an offer without making an offer?
Sorry - takeover code applies here (section D 2.2)
https://www.thetakeoverpanel.org.uk/wp-content/uploads/2022/02/The-Take-Over_Bookmarked_09.02.22.pdf?v=9Feb2022
"An announcement is required:
(a) when a firm intention to make an offer is notified to the board of
the offeree company by or on behalf of an offeror, irrespective of the
attitude of the board to the offer;"
The Board cannot not announce just because the offer they deem to be too low
post MRE (Feb 8th) these are the tweets the Company have issued:
Feb 9th: Gold resource
Feb 10th: New discoveries this size are few and far between
Feb 15th: Gold price 3-mth high (Ukraine reference)
Feb 17th: Development potential & value of BAM
Feb 18th: How interest rates impact gold price
Feb 23rd: Alongside the BAM gold deposit we have two nickel sulphide deposits (B47 & VW) both open for deposit expansion.
Feb 28th: New supercycle in metals with low carbon policies
Mar 3rd: B4-7 & VW deposits with North American EV policies
Mar 8th: Substantial nickel sulphide deposits
Mar 9th: Alongside gold, hold two substantial nickel deposits for development
Mar 10th: Importance of jurisdiction in development of a resource
Mar 15th: Safe jurisdiction of mine is important when deciding where to invest
Mar 17th: M&A on the rise in 2021, Companies consolidate whole mining regions
Mar 18th: Ontario critical minerals strategy
Mar 22nd: Battery metals
Mar 23rd: Ontario's mines-to-markets mineral strategy
Mar 25th: Jurisdiction & commodity price spikes
Mar 31st: Junior Lake metals & Biden's proposed Defence Production Act
Note the distinct shift post 23rd Feb....a clear indication (as clear as they can within rules?) that the gold is being sold and nickel to be spun off as newco??
Landore aren't a producer - it is not what they do or are set up to do in terms of personnel etc
They explore, drill and discover resources for other, larger miners to come along and purchase. It is a far easier and more productive use of capital for a mid/large cap miner to simply buyout an explorer and get all their resource (+ the yet to be discovered reserves from the land) than it is to go drilling in the ground themselves.