Member Info for Urbanracer

Got my ticket…

I will pass on your best wishes to the Board N2M!!

UR

Do we honestly believe that there would be no industry interest in a For Sale notice………

*****1.5 million ounces gold in indicated and inferred.

*****500,000 ounces (my maths says so) at expo level drilling.

*****Geo chem from 2019/2020 from Bam West to Boras on Felix grid shows excellent surface gold response which mirrors that seen at Bam.

*****2 km further west is Lamaune with proven 50,000 expo grade ounces via drill with grades including 9.3 g/t

*****And renowned geo’s stating their conclusions based on current data is that we have at least 4 million ounces and that does NOT take into account the areas east of Bam, nor west of Lamaune.

*****Tests confirm exceptionally high gold recovery rate. (Revised PEA awaited)

*****We are in Ontario, Canada, with all the previously well documented benefits that brings.

*****May next week folks. My money says that we will start to get news flow this month.

Mindless ramp?

Perish the thought.

UR

Samval and jrt,

Honestly I could not agree more with your views. As far as I am concerned, the goal here is clear although I fully accept that the route to that achievement is time consuming and complex. This is why I suspect there has been no recent update.

My view is that this company is effectively already up for sale. Clearly it has not been formally announced but surely that has to come soon. My reasoning? We have spent 6 years proving up a gold resource after the VW/B4/7/ Alpha switch following the Nickel drop. We now have a proven 1.5 and, I have no doubt at all, a convincing at expo drill level additional 500,000 ounces for our confirmed strategic 2 mn gold target. The board want to sell, so sell they will try to do, and they have the resource they wanted to achieve to do exactly that.

I am convinced that the sale process, in whatever form it takes, will be ongoing this year. What exactly this will lead to in terms of finalisation, no one yet knows.

Whilst efforts to sell Landore (all and not just the gold) are ongoing, plans are in place to continue general development at a reduced pace. No major campaign has been announced and so we can expect initial Felix drilling and a surface geo campaign (rock chips, sampling etc (no drilling) at one of the Li sites. I doubt very much that any further development work will take place regarding the Ni reserves.

I think the PEA is critical to the process and is another reason, perhaps, for lack of news flow. Once it is out, I reckon things can start to move. We will either sell quickly or we won’t. If there are no quick moves, then Felix and Swole, Tape, Despard come into play. If we do get good formal offers, then we will never get that far.

What secrets Felix, Lamaune, B4/7, Toronto Lake, Swole, Despard and Tape are holding will be for others to discover. Not Landore.

If we don’t sell with this great resource and MASSIVE real (true) potential based on 2019/2020 geo work, then there will be one big and obvious question….

Why?

And how will that THEN be mitigated.

Exciting times. Regards. UR

Morning Laverda,

Couldn’t agree more and it made me chuckle. We are in a fantastic position and I take comfort in the fact that we have a steady hand on the tiller in BA and that this is proceeding exactly how I hoped it would when I first invested in 2016.

Like others, I look forward excitedly to the news, but really urge others to accept that this is a complicated process that takes time, and, as such, no one can ever put a precise timeframe on completion. It is impossible to do so in mining exploration.

For some strange reason I took the view that this board would be immune from the usual negative nonsense that abounds on other boards whenever posters take the view that news is due, is late, is delayed, and so on. Negative sentiment spreads and sp drops.

Honestly folks I don’t understand this. Why are you all talking about a ‘delay’. There is no feckin’ delay. We are engaged in a programme of works, an in depth programme of works that has been given a six month estimate to completion BEFORE the revised FS is worked on.

Even if the programme is completed within a gnats of the estimate, there would still be a time period to the actual news release as the data is assessed and the revised document completed. Someone on here the other day thought June might be reasonable and I think that might not be far off the mark. It still may, however come sooner.

Perhaps if we get to mid summer and have not heard anything then perhaps it might be considered that a question or grumble or two is permissible.

As far as this thing goes for now, there is NO delay and any suggestion to the contrary is simply wrong. Anyone shouting ‘delay’ from the rooftops should be quickly advised.

Hi Mads,

Yeah a post of mine was also removed. I had spoken about something in a particular manner and it appears that some may have not seen through that and considered it deramping. Yours clearly removed for opposite reason.

Jokes no longer tolerated in this brave new world.

Never mind pal. We will get there.

Oh come on Nice, don’t tell me you thought I was being serious as well!

As for the sp and marketing however, I actually do agree with you. I don’t think it is quite as simple as some think, but I do happen to think that, in respect of the woeful sp, BH is the architect of his own downfall. I don’t think it would take much effort from himto turn this showing around, but what do I know.

All that said, it is all about the fundamentals for me Nice as well.

Ps.I have heard of Hollywood actor Gary Cooper. But I think he is dead!

Good afternoon,

I have just received a dm from a Landore investor asking me about a response I made to a nonsense post by one Doddy-Body. My reply to DB has since been removed.

Quite why that is the case is not clear, however it may be that someone decided to take my response literally. Unbelievable as it may seem, the fact that I posted ….''Apparently the board are flapping now, and have called on Chris Cooper and additional geo’s to help fully re-assess company exploration and sale strategy.''… has been taken literally. Words fail me!

To spell it out. DB posted nonsense and in such a fashion that I found it hilarious. I therefore posted that as a result of his musings, Landore were now in a fearful flap and had called an emergency meeting to review their strategy AS A RESULT of what Doddy-Body had deduced after ‘thinking long and hard’. The fact that this was somehow taken literally is off the scale.

If I had said that (a few years ago) that Sir Alex Ferguson was rethinking his strategy for MU as a result of a comment made by 7 year old Jimmy Smith in class 4, people would have recognised the humour and sarcasm in the sentence. Foolishly, it never entered my head that some people would not see my post for what it was. Lesson learned.

To clarify. There is no flap. Chris Cooper is blissfully unaware of any of this nonsense. There is no new strategic review. It was simply me taking the Michael out of Doddy-Body’s idiotic one liner. Clear now?

As I said the other day, the sooner Mads 7am suspension RNS arrives the better.

Perhaps some of you understand why I said that now.

Unbelievable.

UR

Typo ….Circa early May 2022.

Apols.

Egon,

In relation to the FS update, and before we descend into the never ending world of ‘delayed’ nonsense chat so prevalent on other boards:-

The mining licence confirmation RNS of November 8th 2021 contained the following para:

“ As a next step, Kodal has commenced a programme of work to update the Feasibility Study announced in January 2020 ahead of securing funding for mine development and construction. The programme has a six-month time estimate and will focus on etc etc”

Please note the word ESTIMATE, and this is for completion of works and not the market update. It is NOT a target date. In other words, Kodal has provided an estimate of 6 months or circa early May 2020 to complete the programme of works. Once finished, they will no doubt prepare and then present a market update. It may be well into May or even towards June before we hear anything and that will be well within the projected timeframe. It may, on the other hand, come earlier. That is how estimates work.

UR

He is certainly not a good catholic lad eh Hope? :-)

Michael,

Can’t decide if you are being serious or not…..

It is Good Friday!

Mick,

I am not as disappointed as some this morning, however I do accept that without more info, there are more questions than answers being generated by that RNS. It is certainly not the best I have ever read.

That said, It is certainly an interesting development given that hand in glove drilling at Felix alongside sales talks are one thing; plans to revisit Swole, Despard and Tape are another. I mean, the significant Nickel price rise is one thing, Lithium is another. It’s massive. How this leaves us however, I don’t know. I am having a look at historical stuff now to try and better understand where they might be going with this. I do accept that Landore could be doing rather better to outline their intentions here.

Greendave,

Please note that there are NO plans to drill S, D and T at the moment. It is a field exploration campaign only at the moment (geo chem, soil sampling, rock chips etc) so presumably funded for that at the moment. It is a surprising development though.

Cheers. UR

https://investegate.co.uk/landore-resources-ld--lnd-/rns/lithium-zone---junior-lake-property-update/202204120700030238I/

Nice one Crumbles….

I am still 11 grand to the bad :-(

Not worried one bit mind!! :-)

Morning Muppet (sounds rude that )

£20,000 in Kod bed and breakfasted.

Feel free to update us anytime from now Bearnaaaaard. :-)

Nice,

Representations are being made by a number of investors now and email responses are being received. I am pretty satisfied that the message has been received loud and clear; to what degree (if any) it will be acted upon, only time will tell.

Pps

Obviously I meant au and not ag.

Apols for typo.

I am still buying.

Regards both.

UR

Afternoon Mads and Nice. I read your post on yesterday Nice and shared it with a couple of colleagues who do not visit LSE or other boards. My rationale was to point out your concerns that you had presented in such a clear and balanced manner. The post from Mads today tends to support such views.

There are points made by you both that I cannot now argue with. There would appear to be no doubt now that the ‘old style on the ground miner/explorer’ is no longer sufficient in this electronic ‘gimme now or better still yesterday’ world. Many of us, Bill included, are not fans of this evolution, however I ain’t a CEO and he is, and, as such, you have to run with the pack or fade. There is little to no doubt now that Bills reluctance to move with the times has led to the current woeful mcap /sp and the vulnerability that this, perhaps, brings.

On the other hand, however, you refer to drilling holes Mads in a manner that is almost throwaway. (I don’t think that is completely your intention mind). People I know with whom I have discussed the geology of Bam leave me in no doubt that Bill and his team have worked wonders, not just in proving up our 1.5 million, but in doing so, have tracked some pretty narrow en-echelon seams with few misses and thereby associated low drill meterage costs. Additionally, and most importantly, they would appear to have reached their all important strategic target. This is, in general terms, the mid tiers or majors bottom line.

So where does that leave us now. In my opinion, we are waiting on the Cube documentation that will let us market what we have. Wether we have buyers yet lined up remains to be seen, but there is little doubt in my mind that a sales process will be started at some point in the near future. As such, I do not see any major drill programme starting targeting either gold or nickel. I do, however, fancy that there may be a limited drill campaign moving a little west into areas previously documented, and which will, in all likelihood, run alongside attempts to sell this baby.

I consider that gold will be key, and that the nickel, valuable though it is, will play second fiddle to this. So, whilst (especially on telegram) people grumble about timeframes and spout ‘no news shocking management’ nonsense, I am waiting on the full fat NI43-101 and PEA. I reckon that will start a sales process and sale announcement made in line with the mergers and acquisitions code. The questions then are

1. Are (or is) there interested parties.
2. What are they interested in.(ag or ni)
3. What do they consider fair value.
4. Is this based on mcap/ sp (I agree major Board failure here to have built on MRE news leading to 30/40p sp) or fundamentals based on our 1.5 mn PLUS Coopers (x BH in interview) view that this ground will give up in excess of 4 million the vast majority of which would be highly recoverable and open pit - we await revised PEA).
5. What is Bills fmv. He must surely have HIS figure in mind. I a