RE:RE:RE:New Press Release - LAURION ANNOUNCES PROPOSED NON-BROKERED PRIVATE PLACEMENT OF FLOW-THROUGH SHARESWhoa folks..... don't add 2 and 2 and get 5.
If you don't use your exploration credits you lose them. This has been a procedural step Laurion has taken every year to take advantage of this simple low cost way to add cash. No reason not to do the same this year.
The issuance of this flow through is BAU and hasn't got a thing to do with M&A, USCG, special committee etc...
It's always the right time to add cheap cash to the treasury. This is as on brand and consistent as Cynthia gets. In fact, the hardest part about having credits to sell is getting a buyer. Having stock for sale is one thing but being able to sell it is another. I can tell you that this issue was quickly and fully subscribed. If there had been more for sale that would have been bought up as well. That's a very good thing.
Dont make the mistake of intermingling this PR with the health of LME or any indication that the process to sell the company is going poorly. This transaction improves the health of the company and cash is one of the most attractive assets that a buyer can acquire in a buyout.
Of course everyone gets to do what they like with their shares. If this news results in a drop in the stock I will enjoy a nice look at the buy side. This is the wrong time to stop being an LME shareholder in my opinion. The company has never been positioned better.
This flow through is normal, smart and cheap. Letting those credits expire worthless would have been wasteful and one thing we all know about Cynthia is that she has never wasted a dollar.
This news should be viewed as neutral to positive and above all else sensible and normal.
Hope that helps,
Steve