Laurion Mineral Exploration Inc V.LME

Becoming impatient

[Smitty64]

I can't be the only one who thinks something may be holding up this deal.

As $DAM alluded to, all of the assay samples have been collected by now and they surely are withholding publicizing the results - all the recent photos shown by Cynthia are just workers/students surveying the land (rather than core samples, drill machinery, etc like they used to be).

Roger (Cynthia’s husband) posted back on July 3^rd that “We can expect more assay results probably this week” and still nothing. Then he goes on to post enormous chunks of gold with no detailed explanation/findings.

My gut tells me with the recent drop in spot gold, they may be waiting for some sort of rebound to fetch more money? Or, worst case is the potential buyer has paused the deal with the current drop? Or they can’t come to an agreement.  

These next assay results will be very telling as I think we can all agree they have been saving the best for last – and I think there only may be a few more in the pipeline.

As an LME long, if I’m getting impatient, I can only imagine what others may be feeling - we don’t need people offloading and this stock going below $1.00 and playing with our emotions anymore lol

Would like to hear the community’s thoughts?

[matlas]

Hi Smitty64- I think there are a lot of us who are also anxious, but I think it is all going to work out well in the end. One thing I am reasonably sure about is that the recent drop in the spot price for gold should not be a factor. Common sense tells me that when a buyer prices something like this, they base it on an estimate of long term gold price, not current price. The gold will be

[DAM$]

I'm not impatient but I'm definetely trying to rein in my excitement. Buying any other stock is done with the hope that it will increase 10-20% a year (an above average performance). We have been riding a rocket that has done about 100% a year for the past few years and that will do 800-2000% in the near future.  The current gold price retraction and lack of news might be a factor

[Wmaver]

Pretty sure since covid the AGM rules are more relaxed. Used to be 6 months from year end which would be Dec 31 for LME. Which made me think AGM would be in June.... Turns out there is a new clause that AGM can also be 15 months from last. Last being July could mean a Sep AGM. Sept or Oct isn't anything crazy different, but I think the law says it has to be Sept. If anyone knows better please

[SuperJ7]

The last AGM was July 6th. https://docs.tsxtrust.com/2025 Looks like the 15 month deadline for AGM would be October 6th.  

[Wmaver]

Thanks Super! AND agm info has to be sent out I believe at a minimum of 21 days before the AGM. So by the middle of September we should for sure know what will be happening at the AGM. Now as we have all been guessing for the last year.... lol no one but LME knows..... what and when is happening.... but I'd rather take the bet and finalize my position before Sep, then missing the rocket! Only

[yureja5]

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