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Bullboard - Stock Discussion Forum 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... see more

TSXV:LME - Post Discussion

Laurion Mineral Exploration Inc > Insider sells 8 million shares privately at $0.14....
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Post by mithril56 on May 19, 2021 11:01am

Insider sells 8 million shares privately at $0.14....

After exercising 10 million warrants, Harminder (Michael) Burmi (board member), sells 8 million LME shares (over 3% of the entire company) in a private sale May 17, 2021 at a price of $0.14. 

Who would he be selling 8 million shares to?... 

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SEDI Insider Trading Activity
Comment by Istar999 on May 19, 2021 12:00pm
It says "private sale." I suspect he is moving shares for estate/tax planning purposes. He did not sell these shares onto the market. 
Comment by Istar999 on May 19, 2021 12:04pm
Will all of the recent trading volume and directors ecxersizing their warrants I suspect there is big news forthcoming. This is a pattern that I have seen before in juniors before the stock price explodes to the upside. 
Comment by Ingwe35813 on May 19, 2021 12:10pm
Have any of you ever thought that perhaps, that this transfer of LAURION stock is part of tax planning (i.e. realizing Capital Gains at yesterday's stock price, and moving his remaining holdings to family members)?  This is a typical move by 'Insiders' when an anticipated significant stock price move is forthcoming.
Comment by DAM$ on May 19, 2021 2:25pm
The 8 million wasn't to me. I'd mortgage the house and 1 child to get those shares at 14 cents. And I'd pay the interest to hold them while they prove the size of this strike. He's Definitely keeping those shares in the family. Big news release soon. Too much trading volume on no news.
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