RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:V R I C & AME RoundupLong Term Shareholder here - invested since late 2019. I see the Up's & Down's from everyone's perspective but everything LME MGMT is doing is very bullish to me. I agree the SP today doesn't reflect the value that could be realized.
Lets look at what's happened in the past year.
1. They bring in DRA Global and appoint Vikram to the Technical Advisory Board. Why do this unless you're planning for mining operations.
2. They ink a deal with ONYEN for it's unique technology software, "This is expected to enable better exploration focus within the roughly 6 km-long corridor where most known mineralization has been documented, to date, along with better targeting of additional zones where potential is suspected"
3. They are checking all their boxes with ESG. Blue Heron Environmental ("Blue Heron") has been coordinating the baseline studies, and will lead the permitting efforts for Advanced Exploration. Linda Byron, Director at Blue Heron, stated: "We are excited to be at the forefront of this project and continuing to work with LAURION and their partners to initiate Advanced Exploration at the Ishkoday site!"
4. They hire Steven Hunter for a 6 month contract and issue him 250,000 options with a strike price at $.40. Why would they do this and be ok with him leaving if their wasn't an end result in the works? Why bother hiring him for 6 months if nothing was going to materialize for LME for a disposition?
5. They hire US Capital Global and pay them a $250,000USD fee to assist the Special Committee to explore opportunities and potential transactions. Why waste precious capital if there was nothing to review? I've worked in the Private Equity space previously and you do not pay any advisory fee unless you have something in the works that requires serious attention and review. Every major deal that I was apart of takes at least 6 months to 1 year to materialize when substantial dollars are in play.
6. They aquire more land around their flagship Ishkoday property with the Twin Falls aquisition and expand what they already beleived and most likely prospected this past summer to further enhance shareholder value.
7. They've provided numerous updates on the corporate objectives and never has LME MGMT been more transparent that they are working towards disposition. Over the past year in every press release they make the same comment. In previous years, this was never communicated the way it is now.
8. They've confirmed and provided assay results that only further confirm the extension of the mine. The 2023 drill program targeted the extension of the system to the northeast and the southeast with the intention of doubling the strike length of the mineralized structures. The results for all drill holes confirm that the mineralization is still open on strike and at depth. These are all positive results.
Everything that has transpired over the past year points to all signs they are working hard for a dispoition, I remain bullish on this company and continue to add to my holdings, all the pessimissim is a buying opportunity for long term investors.