Another piece added to the LME puzzle Team LME
The quote below was added to the LME web page today. It appears on the bottom of the web site home page.
I've written in the past that the LME story is a compelling "sum of the parts" opportunity for investors who are able to aggregate a series of facts that in my view paint a picture of the likley sale of the company.
I am more confident that the endgame transaction is likley to happen in the months ahead when this communication language is added to the current LME fact set.
The message below is the first time ( that I can find) that the corporation has explictly said that they are an acquistion target and are pursuing a transaction. I suspect there will be additional communications added to the web page to support this positive change to the LME narrative.
I remain long on LME and welcome any comments or observations.
A consequence of LAURION’s success and advancement over the past several years, is that the Corporation has become positioned as an acquisition target for appropriate potential acquirors. Accordingly, the Corporation’s Board of Directors is aware that possible strategic alternatives and transactional opportunities may arise and/or could be procured in the short or medium terms. The Corporation will promptly issue a press release if any material change occurs. In the meanwhile, LAURION will continue to seek out and explore opportunities and potential transactions that are strategically beneficial to the Corporation and its shareholders.