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Laurion Mineral Exploration Inc V.LME

Alternate Symbol(s):  LMEFF

Laurion Mineral Exploration Inc. is a Canada-based junior mineral exploration and development company. The Company is engaged in the acquisition, exploration, and development of mineral resource properties. The Company is focused primarily on its wholly owned 47 square kilometers (km2) flagship brownfield, Ishkoday Gold, located 220km North-East of Thunder Bay, Ontario, Canada. The Company’s Ishkoday is situated in the Onaman-Tashota Greenstone Camp in the Irwin, Walters, Elmhirst and Pifher Townships, located 25 km northeast of the Town of Beardmore, Ontario, and 220 km northeast of Thunder Bay, Ontario. The Company holds Twin Falls property, which is contiguous and lies west of the Ishkoday Project. The Company also holds a 100% interest in Jubilee-Elmhirst, and Beaurox. The Company also owns a 30% joint venture interest and Canadian Gold Miner Corp.


TSXV:LME - Post by User

Comment by Istar999on Nov 07, 2023 6:17pm
269 Views
Post# 35722491

RE:RE:RE:Follow up

RE:RE:RE:Follow upLets look at this from a different perspective.  Roger and Cynthia are the largest shareholders of LME and everytime they raise money or pay commissions or distribute options they are diluting their own shares.  There is only one reason why they would dilute the shares and that is to raise money to create more value for all shareholders.  So then the real question is "why raise money?"  How can they create more value with more money?  One way is to use it for drilling and exploration for the coming months and years but based on the past three years $3M in the treasury would be more than enough.  So why would Cynthia want to raise more money?  Another reason, as per the last PR, is that she is making 5% interest on the money in the treasury.  That still doesn't make sense to dilute shares for the purpose of making interest income.  I suspect Cynthia is working on a land acquisition deal that will require cash and possibly shares.  Just imagine if she was able to acquire an additional 20-50 km sq of land that is contiguous with the Ishkoday.  That could add monumental value to the shares and would be worth every penny raised especially if she already knows the geology.  If I was a buyer interested in acquiring LME and there was a possibility of increasing mining claims and land holdings prior to announcing a BO, I would be ecouraging Cynthia to make this happen prior to the BO.  After a BO is announced the land around the Ishkoday will skyrocket in price.  Wouldn't it be incredibly strategic to tie up as much land and mining claims as possible before a BO?  I couldn't figure out Cynthia's strategy until I saw the Twin Falls acquisition last month and realized what might be happening.  Of course this is all speculation but it aligns with the narrative.  If my theory is correct I believe Cynthia will announce a major land acquisition and within days a BO announcement will follow.  I remain bullish.
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