RE: Landore vs peers14 Feb 2026 20:11
Good question. I read somewhere that at any one time, pricing of juniors is 90% sentiment driven. Totally unscientific but I think that explains goes a fair distance to explaining what is happening here.
The previous CEO has a lot to answer for in setting expectations too high. The last MRE had a larger overall resource than one just published, so we saw a sell off when this one came out a few weeks ago. Importantly though, the new MRE is nearly all in the indicated category, as concrete as you can get. We also got decent numbers for various critical minerals including Nickel from the company's secondary property.
It's when you look at how little volume/hype there is here, you begin to see what is happening.
On the one hand we have traders who move on to whatever the momentum play is this week, and when trading is thin, small sellers have an oversized impact. Then on the other, you have both Eric Sprott and Rick Rule holding here. Both paid 2.4p, not far below current market price. Plus we have insiders who bought in much higher than today's price. And that 650k+ ounces of gold in Canada.