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Up for sale (or other strategic option??)
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UR
Sorry Merc!!!
Another 3.5 Mercedesman. Showing as sell.
Is it just me or does BA come across really well. He strikes me as a bloke who is going to get the job done here.
Think it’s buying time once again.
Nice one Merc; the big one hundred next stop!!!????? :-))
Ps. When I say ‘bought’, I really mean obtained! :-)
There has to be news prior gents, absolutely no doubt about that.
What is in doubt for me is the content of their presentation. I also have to say that the timing has me foxed. Attendance is the only answer so it’s a case of venue ticket bought and hotel booked.
UR
Crumbles,
Fear not. You will soon be back in the black :-)
Cheers Mercedesman,
I reckon early June and we could start to get updates. Certainly be good to hear from Bearnaaaaard again.
Also great news about planned expo drilling.
UR
Cannot believe the opportunity Merc…..
That’s my 50,000,000 at last. Roll on the big news!!!
UR
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.