My skeptical and optimistic takes on LME... I'm going to be honest: as much as I am very hopeful that this will all work out, and I'm not selling my position, I am skeptical. Here is why:
1. Every person I've seen on Reddit or know in person (myself included) who invested in LME heard about it from a friend. Some people were given LME "as a tip - a sure thing" (or so I heard). This didn't sit well with me.
2. The success rate of junior mining companies is extremely low. You need to know that to keep things in perspective.
3. Rogers posting has made me weary since day 1. I've seen pump and dumps before, and the cinic in me asks if Roger was not pumping this stock through his posts, to allow friends and family to slowly cash out at a profit and get out before the dump. In this scenario, I'd expect maybe one more pump and then a slow decay to 0 over many months.
Why I have not sold
The only reason I have not sold is because of the high percentage of freiends and family that continue to hold shares. I think it's less likely that my above worst case is true if this is still the case.
Also, I found the surprise aerial survey very bullish. I couldn't reason that out for any reason other than the DD of a potential buyer - especially due to its cost.
Can anyone confirm with recent proof that friends and family still make up ~80% of shareholders?
Total transparency: My average cost is 80 cents a share (bought more at the top), and LME only makes up... maybe 4 - 5% of my investment portfolio.