Member Info for sportbilly1976

You are aware of the warrants I presume...? Some just want to flip them, possibly JH following a fall out maybe?

In for the sale, once the 14th passes the warrant issue disappears.

https://uk.advfn.com/stock-market/london/primorus-investments-PRIM/share-news/Primorus-Investments-PLC-Investment-Update/88498882

Purchased 1mln at 22.598p

They bought £630k of GGP at 2p and sold for £6.5mln so here's to them doing similar (or better) here!

They could also be scheduled to receive £300-400k next week IF the Directors choose to take up their options expiring on the 4th. A further £300k on top is the non-Directors take their 525k as well
Bill has 500k, Charles Wilkinson and Helen Green 25k each.

Given the ongoing strategic review, they cannot buy on the open market, but option take ups are exempt.

It would also be a huge signal to the market as these options are priced at 63.80p

....which campaign would that be if the gold, nickel and iron resource is sold?

In the event of a sale, what would the funding be needed for?

Glenn's comments at the recent Proactive presentation highlight that they see the only way to recognise fair value is via a corporate transaction...the market isn't seeing value via drilling and resource upgrades.

Will be rns'd once funds received by Landore

My take is, given how the sp is now sat at the conversion price is that the Board will happily let the 14th come, and go with not much move in the sp until then. I also think the Board are largely ambivalent to the current share price....they feel a deal is there to be done, and will be done.

They suspect Sprott will exercise - how else does he get 8mln shares at 20p just ahead of an asset/resource sale? The other holders - given the destruction in equity value the Board have commented on from significant holders selling, I suspect they couldn't care less. Those warrant holders now either let them expire or cough up - zero margin to either forward sell or flip to cover costs.

If the 50% of the July warrants not held by ES expire...then we have 8mln or so less dilution, around 6% or so. The transaction will be priced in USD (not £x.x per share - although obviously this is implied in a cash figure) so the less shares around the better for all existing holders.

Bill's attendance at PDAC confirmed to me this morning.

As a PDAC veteran, Bill will know that most of the serious talk is done away from the floor and at events etc...I'm sure he would have had a full itinerary of meetings

https://twitter.com/landore_plc/status/1534789124976218115

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@landore_plc
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#EV #BatteryMetals #LND #Nickel $Gold

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Gold

—1.5m oz Au Resource

—1.25 years payback @ $1800 gold

—21 oz for every metre drilled

—$333.6m NPV

—40km strike.

—833,000 oz in Open Pit

Already been done

https://twitter.com/ToughCrates/status/1532013316679286785

It's a short week with bank holiday...and half term

Markets quite across the board

Edit:

He mentions that they couldn't just sell the shares but could do a placing on the back of their good relationship with management which would net a further CAD $3mln (£1.875mln)

Glenn's comment at 26 minute or so....they have cash from May warrants (£1.5mln), and cash coming in from Miminiska next month or so $250k.

He mentions that they can sell the shares but could do a placing on the back of their good relationship with management which would net a further CAD $3mln (£1.875mln)

16mln warrants in July - work on his conservative 50% conversion figure...£1.6mln from this.

Funding requirement for the 2022-23 campaign announced is CAD $7.5mln (£4.68mln)

So £1.5 + £1.875 + £1.6mln = £4.975mln

Funding requirement sorted with no need to place.

https://twitter.com/Chrissygun/status/1531189511304142849

#LND from their fantastic presentation. Bill says “3,4,5m oz OPEN PIT” Sarah says “you just said 5 million there Bill” his reply was “ I did and I meant it” Company up for sale

Just the open pit...5Moz

https://twitter.com/Dobbo761/status/1531218813940813824

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