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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

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Post by StevenHunter on Nov 07, 2023 10:06am

Follow up

Keep in mind that the whole of Laurion has expanded quite a lot.   By 10 square km's specifically.   There's also more explored resources in a growing pie so dilution is the least of my concerns but if issuing 6mm shares is damaging to the value of LME's shares in your view then you may have some choices to make on your outlook for value.  


I'll never tell anyone what to think about that or anything else but I'll share that my view is that the dilution of this and all other flow through issues is minor and of no impact to the future value of LME at disposition.   Feel free to feel otherwise at your discretion.  


re: finders fees.   It turns out people who do work prefer to be paid.  Due diligence on investors, connectivity to investors, managing sub agreements, setting up meetings with these investors and closing the issue all take time and the folks who put that time in earn their fair compensation.  


Pretty normal and innocuous business ops in my view but if this is some major signal to anyone here I'm not about to tell you that you're wrong.  Would be impolite.  


To each their own.   I myself am very happy to be an LME shareholder and I'm very positively satisfied that we can and did raise cash on the heels of acquiring more property to explore.  


Hope that helps,

Steve

Comment by matlas on Nov 07, 2023 10:29am
No, it doesn't help Steve-more FLUFF. Regarding: "'ll never tell anyone what to think about that or anything else but I'll share that my view is that the dilution of this and all other flow through issues is minor and of no impact to the future value of LME at disposition." No, it doesn't impact on the value of LME. But, it has  an impact on the value of MY ...more  
Comment by Golden7777 on Nov 07, 2023 10:34am
Optimal shareholder value at its best
Comment by TraderRC on Nov 07, 2023 10:44am
Good day All, I think we see all missing the big picture here.  All these moves, from the new mining claims to the extra shares are all strengthening the company for sale, and will help in negotiations.   In general, I don't like dilution, but if this helps and gets us to the finish line faster,  so be it.  Two percent dilution, if I get my move quicker, I can invest ...more  
Comment by Thebluestroy on Nov 07, 2023 10:57am
Absolutely! Everything on paper appears as if they are putting a bow on this thing for a near term BO....but there is always the chance that another deal falls through etc etc etc.  Happy to have the PP if we make a sale in the next 12 months (before another round of PP and further dilution) Another 12-18 months is what im giving myself personally as a timeline before I begin to question my ...more  
Comment by Lambosntendies on Nov 07, 2023 10:39am
Well said both Matlas and Steve.. Something to bear in mind in the midst of all of this.. back in June of 2020, the begining of covid (feels like a lifetime ago but in reality just a few years).. Total shares outsanding for LME investors was 181,125,977. Today, three and a half years later, we sit at 263,346,102 share outstanding. Effectively a 45% increase in shares over three and a ...more  
Comment by matlas on Nov 07, 2023 12:40pm
Lambo- Right on as always. The dillution that occurred over the time frame you indicated was necessary and justified because it was neceesary to fund exploration. I think the resulting intrinsic value increase more than made-up for the dillution. However, that is not the case now. There is no suggestion that the PP was needed to fund any additional exploration. Instead, it is being justified ...more  
Comment by Istar999 on Nov 07, 2023 6:17pm
Lets look at this from a different perspective.  Roger and Cynthia are the largest shareholders of LME and everytime they raise money or pay commissions or distribute options they are diluting their own shares.  There is only one reason why they would dilute the shares and that is to raise money to create more value for all shareholders.  So then the real question is "why raise ...more  
Comment by Istar999 on Nov 07, 2023 6:28pm
On the topic of "finder's fees" or comissions I have my suspicions on this as well.  If you look back 3 years of PR's involving raising money you will see a consistency of "commissions" paid.  You will also see that Mine Equities has been involved in the majority of them.  I suspect that this was done on purpose to "set precedent."  What if ...more  
Comment by Stepinup on Nov 07, 2023 7:45pm
 Interesting theory on land purchase.... Argonaut gold, was selling assets to make up for shortcomings on their refinery startup. Maybe they will sell the claims bordering the Ishkoday land to LME. expanding land/claims could be the upcoming big news, and USCG is working on groundbreaking financing initiative to expand the project?, making it a bigger package to sell at higher value. I hope ...more  
Comment by Thebluestroy on Nov 07, 2023 11:26pm
Eventually one of us on here will be correct and we will get to celebrate. So many plausible theories. Lol 
Comment by Thebluestroy on Nov 07, 2023 10:39am
Eventually there is going to be a point of diminishing returns where the more exploratory work they do (by issuing flow through shares and diluting common shareholders) will not increase value proportionally in a BO scenario.  I think that is what my greatest concern is.  I do not think many people here are wishing for this money to actually be used to explore any new property over the ...more  
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