Laurion Mineral Exploration Inc V.LME

Reason for the drop in stock prices

[Anthony13]

Any ideas for the drop today I guess people are thinking no BO coming soon? Excited to close this chapter and move on ... has been one hell of a ride ...

[matlas]

Anthony- Chapter closes when BO announced, which can be any day. They didn't hire USCG and form Special Committee just to have fun. In my view, any small delay likely means higher price-all news positive. Have a great weekend everyone and stay safe in these perilous times. Happy to see gold price soaring, but not happy about reason why!

[Links2000]

Could not have said it better myself Matlas Cheers!. BO 100%. I would not get into panic mode from the little sell off today. All the ducks are in a row this year compared to last year. 100% I Truly feel bad for those that are going to miss out. Have a great Wknd LME longs.

[StevenHunter]

Question I was asked about Twin Falls was whether or not it was covered by the aerial survey earlier this year, which it wasn't. Hadn't seen the report that was posted here but it's pretty light reading and more than a decade old.  I'm still viewing Twin Falls as unexplored and certainly as unproven.   Doesn't mean it won't become a valuable asset, perhaps a

[Drewman]

How does delay mean higher price in your books? Curious. I would have interpreted it as the buyer playing hardball and LME being forced to come down in price.

[Wmaver]

more drilling, more data points ( espcially with the new property) few more years and they will be more confident in new resources and estimates. so more confident, more resources means higher BO.

[matlas]

Right Wmaver, that is why they hired USCG and formed Special Committee now-makes a lot of sense!

[matlas]

Every day that goes by, it becomes more valuable because they find more evidence of gold.That is how! Cynthia is no pushover!

[Drewman]

Fair enough - thanks!

[Golden7777]

I just bought me some more!

[GoldBelt]

Same here...got my order filled at $0.55 to add to my already OVERSIZED position Now let's heard the news we have all been anxiously awaiting for the last couple of years!

[Golden7777]

I just bought me some more!

[Thebluestroy]

gut feeling: well be back in the 40s by the end of the week

[Wmaver]

I still think there is enough hopium to keep it around 50c till end of Oct.  But i do suspect Nov we drop below 50c

[Drewman]

100% agree. Laurion has talked a lot, but it's very much become a "put up or shut up situation". And in this case, it's a B.O announcement that needs to materialize.

[matlas]

Hi Drewman- I think recently they have "shut up", which tells me that they are preparing to "put up".

[Drewman]

One can hope!

[Thebluestroy]

Yep. We didn't go nearly as high as the last two times this happened. People have less and less tolerance for these rumor filled pumps. Ill be here to the end I just hope it's not another 5 years and 3 more pump and dumps. Lol. 

[Wmaver]

you were right... but we all lose... you were right 40s by end of the week.... it isn't even half the week.... will be be 30s by end of the week??

[GoldBelt]

Speaking as a swing trader....This drop could simply be caused by choosing "market sell" order vs "limit order" at a stop loss order at certain price. Given that this is a thinly traded stock with low daily  volumes of shares on the bid and ask...it's not uncommon for this to occur. I Roughly counted 25,000 shares traded red after 60c was hit...to knock it to $0.56