Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
current spreads:
25/50k: 28.65-29.985
100k: 28.635-29.20
max 50k at 29p
https://twitter.com/landore_plc/status/1489147197467901952
https://twitter.com/landore_plc/status/1489147203876700162
Recap time from the Company...time to get on board...they know whats coming!
Current spread on 25k...do not let them have your shares to fill it :)
28.552 - 28.59
Zak Mir 's take from 6:00 (target: mid 30's-42p)
https://www.youtube.com/watch?v=79FNdCC1G_E
This was discussed last year I feel on other boards & social media. Possibly they feel as the sub-Fund itself had sub 3% holding it can exempt itself from reporting?
https://twitter.com/Hoppy_eth/status/1421112617792327686
Don't think this is additional 'large' seller, or new stock from existing one - Canaccord small fund went in the summer and JH most likely cleared with the 350 and 450k trades reported the past week or so...most likely just a MM taking a turn on stock recently acquired.
Just further opportunity to get some volume (if funds permit for people) at this level
Line of stock being worked at 27.4p currently
155k can be bought at this price, then 156k is 28.4p
My thought - it is relating to financing.
It has been commented that some in the City are expecting the Company to issue shares for the financing...possibly by getting this signed and agreed at this stage it will kibosh any pretense the City boys might have of getting in on the cheap.
It is too early to be related to results (April 14th last year), so unless there is a left-field corporate items I'm struggling to think of alternatives...permitting is winding its way along a pre-determined timeframe
Been thinking there is a seller around for some time....26.5p has consistently had a wall of stock available
Currently though just 3.5k max at 25.5, 25.7p wanted for even just 5000 shares.
At some point though, those shares will be absorbed and then supply won't be there to meet demand.
All these for just £26mln??
https://twitter.com/landore_plc/status/1488033001581723649
...follows on from 350k reported last Monday at 25.6p
Just looking at the copper v nickel element
we have confirmed 76kT with potential for B4-7 to take this over 100kT...nickel currently >2x price of copper per tonne ($22,700 v $9,660 per tonne)...so there is an argument that our nickel is slightly more valuable than Havieron's copper.
Bill believes there is ~$2bln of battery metal resource within Landore's area...given the potential of nickel to firm more than gold this could be worth more ironcially than the BAM/Junior Lake gold.
Hence why, in my opinion, we should be selling the gold post MRE asap to focus on further B4-7 drilling during 2022 to get the nickel to >100k tonne (a similar threshold for buyers to the 2Moz is with gold)
https://twitter.com/landore_plc/status/1486953255372480512
Can they be any clearer (without hoisting For Sale sign)?
MRE due imminently...resource upgrade to (erst) 1.5Moz or so...with Bill's "perceived" 2Moz...majors had dataroom access for around a year now.
The Board most certainly need to put it in black and white that they are open to offers for the BAM gold, then use some of the funds to develop the EV metals resource from 76k tonnes to the 100k tonnes majors look at and then those can be sold next year.
Sub-25p is an incredible price for all of this and so once more putting money where my belief is
..a bit like having your house on the market and one on your street goes for 75% market value...dents the chances of you getting full price/premium on yours
Nope - EUA are in negotiations to sell some/most of their assets
..but they have a substantial nickel mine - so a low ball accepted offer here could dent the sale price they are trying to negotiate
potentially sets a precedent for nickel asset/mine prices within Russia
not moving the sp though.
clearly the market does not believe the offer - they would not be trading it at 50% discount if so
One week to go until the MRE potentially lands and the Company (thankfully) switch their social media across back to the gold resource & strength of Canada globally for precious metals, whilst still highlighting the other battery metal resources which will be there for development with some of the sale proceeds (a nice divi to shareholders with excess would be good)
https://twitter.com/landore_plc/status/1485878471788220417
Also a few being hit too...could well be a bit of covering going on