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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 20, 2023 10:19am
490 Views
Post# 35744179

RE:RE:RE:Poll: private equity or mining company?

RE:RE:RE:Poll: private equity or mining company?Did you catch the comment Cynthia made in her presentation about the relationship between Metals House and US Capital Global?  She mentioned how UCG raised $150M in 2019. Why would she say this unless it was a critical piece to the puzzle?  I think that UCG is not only in the final stages of vetting a deal but has been behind the scenes raising capital for quite some time. An "all" cash deal like this worth billions isn't easy to pull off and I believe it's been in the works for many months. The AGM was not "status quo" because there were 30 attendees and 110 who dialed in and all witnessed Cynthia clearly using words like "disposition" and "acquisition" and "material change."  This was very different from any previous AGM where Cynthia clearly indicated that a deal wasn't close. Last Wednesday it was different. Remember that Cynthia has hired the top lawyers in Toronto to advise her on every PR and speech. They scrutinize every word and wouldn't never let her publish or say something that would deliberately "pump" the stock or cause liability. So why would Cynthia release a PR last Tuesday that if read between the lines said "we are close to finalizing a deal and will announce it promptly once it has been revealed and agreed to by the Special Committee?" I believe it's because her legal team is telling her to make sure the investor/shareholders are aware of the progress and intentions of the corporation. Cynthia is not saying these things to "tease" the general investor into buying more stock. If she wanted to "pump" the stock there are so many other methods that would be far more effective like partnering with Sprott which Cynthia has adimattly refused since day one. So the only explanation for this "message" is that it is the final dotting of the i's and crossing the t's. We are in the final inning, Cynthia just pointed into the stands indicating a "home run" is coming. I believe it will be a "Grand Slam" as I indicated previously. We shall see...
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