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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 > So much interest????
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Post by newbie8484 on Nov 01, 2022 9:50am

So much interest????

What happened to "all" these investors that were interested in LME that they stated when issuing private placements??
Comment by Anthony13 on Nov 01, 2022 10:01am
Fair enough.  Looks like a buyout is at least a year away.  All these people speculate on when it will happen but the market thrashed this pretty bad.  As well I think it was DAMs or someone else that made a great point that someone would be willing to pay more when the shares are at least higher vs them go in going to be at.25 tomorrow and paying a premium 
Comment by Wizzle on Nov 01, 2022 11:15am
Why the assumption that the buy out is at least a year away? 
Comment by Anthony13 on Nov 01, 2022 11:32am
What makes you think it would be any closer.  Unless they have buyers lined up.  They still have to provide 43-101.  All I can say is this has not been the year for optimal shareholder value ..as mentioned by the CEO. full disclosure I'm long and I have bought at .90 early this year. 
Comment by Mattheu11 on Nov 01, 2022 11:43am
Optimal value...No, not yet.... that said the floats being sold are not the 80 percent that know better than to get caught up in the share price. Buying opportunities are here.
Comment by ilovexau on Nov 01, 2022 3:15pm
What is with the fixation on a 43-101? It has no bearing on a buyer. Any buyer, smart or not, would drop that 43-101 in the shredder, get all the raw data and have there own people do their own assessment. A 43-101 would only marginally prop the share price in the short term which should be irrelevant to those of us holding for a buyout. I personally hope Cynthia puts a 43-101 on the back burner ...more  
Comment by Sheerms on Nov 01, 2022 12:06pm
I feel like they are going to do another round of drilling. When they say things like "these resuilts significantly increase the gold mineral exploration potential of the property" makes me think they are going to further explore that potential to maximize value. So im not holding my breath for a soon BO
Comment by DAM$ on Nov 03, 2022 11:27am
I forgot to respond to this yesterday.  I did say I would like it to be higher so the buyout is more palatable to the buyers shareholders but I changed my mind a bit. Someone pointed out (might have been Matlas) that this is basically a private company and it will sell for what the owner believes is a fair price. We are just minority stake holders in Cynthia's company and she knows what ...more  
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