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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 mid-stage junior exploration and development company. The Company is engaged in the acquisition, exploration and development of Canadian gold and base metal mineral resource properties. It is focused primarily on its wholly owned 57.43 square kilometers (km2) (14,191 acres) flagship brownfield, Ishkoday Gold and Polymetallic Project, located... see more

TSXV:LME - Post Discussion

Laurion Mineral Exploration Inc > ‘Business until it isn’t’ needs addressing
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Post by keen2know on Dec 15, 2023 4:51pm

‘Business until it isn’t’ needs addressing

The above phrase is always posted on here. Sounds like a great line. 

if it really is business until it's not, are people really happy with the lack of drilling, progression and results this year? I feel short changed on the lack of action on the field. Cynthia walking round with a pickaxe scraping mud back every now and then simply isn't good enough. There should be more drilling imo. 

im sure the special committee will be mentioned, but they are on a 'no win no fee' basis so there is nothing for them to lose. Its not like Cynthia has taken a view to pay someone. She rarely pays anyone, it seems to be options, or results based. 'Very shrewd' I'm sure some would say. I would disagree. I think it's all a case of making things look like they are happening without having to pay. Is it possible to see what Cynthia draws (pays herself) from the company each year? 

On the contrary, what I would say is that by not releasing any data, she seems to have zero intention of pushing the stock price higher. Maybe that's a good thing. Maybe she really doesn't care about the share price and knows that the buyout has zero correlation to the existing share price. I personally would disagree on that, despite supposedly having such high F&F. If the share price rose to say $3, I'm certain the % of F&F would decrease substantially. So maybe her plan is to keep more control by keeping SP low?

Comment by Wmaver on Dec 15, 2023 4:54pm
You can see the compensation on the audited financial forms. Off the top of my head it's something like 300,000 I'm probably wrong. But hey you can look it up for yourself! 
Comment by Wmaver on Dec 15, 2023 5:00pm
Cynthia Le Sueur-Aquin President, CEO and Director(1) 2022 - $278,475 2021 - $261,275 2020 - $253,006
Comment by HectorgoldAU on Dec 15, 2023 6:06pm
Wow. anyone remember wolf of  wall street? The brokers take home the cash the shmucks buy stocks. Wheres the cash goin? Looks like cynthia is taking a sweet pile of it home every year. Whens the last time she excersized options? Whens the last time anyone excersized options? If i were making that kinda bank and really beleived my company was going to be a huge home run id buy as much stock ...more  
Comment by Lambosntendies on Dec 15, 2023 6:45pm
I respect that everyone can have their own opinion. But this… this just trash.    What do you expect the compensation for a CEO of a mining company with a market cap just north of 125 Million to be exactly?    Cynthia and Roger have poured 20 years of their time and money into this company. That 20 years and the money that they used to fuel this company to where it is ...more  
Comment by keen2know on Dec 16, 2023 2:16am
I want to be clear, I have not and will not sell any of my shares!  but we as shareholders need to stop accepting poor progress and I think this year has been poor progress. In terms of drilling and actually progresssing this site, a very small amount has been done this year. Previous posters have noted the pictures which are posted on LinkedIn and how they are almost held back and drip ...more  
Comment by Emeraldearl on Dec 16, 2023 3:24pm
Keen makes a very good point that nobody at the top is motivated to sell this business. If you haven't already made plans to improve your life and be surprised in the DISTANT future of life changing money, you should put all this speculation aside and begin pulling yourself up by your boot straps. I wouldn't personally buy any more of this stock if you already have a sizable portfolio of ...more  
Comment by Thebluestroy on Dec 17, 2023 10:49am
Fun read on both sides and I agree on a lot of points brought up on both sides. Im failry certain there was a deal that fell through a year or two ago, but if a deal was on the table and fell through once already BEFORE the special committee and financial advisors got involved I would at least HOPE whatever is at the table now (if any) would be more serious than the last time. I do agree, however, ...more  
Comment by StevenHunter on Dec 18, 2023 10:54am
Lots of interesting debate.  The only correction I'll make is on the point that nobody at the top of LME wants to sell the company.  That is the #1 goal of all members of the board, major shareholders and Cynthia herself, she's said as much publicly and I can confirm that. If you're Cynthia, you have to keep exploring and you have to keep developing the property/company ...more  
Comment by Tannerleo1 on Dec 18, 2023 12:54pm
I find there is a couple different messages in this post of yours Steve. They almost seem contradictory., And can be debated. In one sentence you have said that no one on the board of directors wants to sell, and another segment of your letter you suggested that yes, to get the biggest bang for your buck Cynthia wants to sell.    Cynthia is not getting any younger!! And she is ...more  
Comment by Lambosntendies on Dec 18, 2023 1:46pm
Steve was referencing someone else's post, he did not say that no one on the board of directors wants to sell. I believe this is the line you're referring to. "The only correction I'll make is on the point that nobody at the top of LME wants to sell the company." - Steve's post.  Maybe you're right and Lme isn't for you and the "substantial" ...more  
Comment by Stepinup on Dec 18, 2023 2:17pm
I hope We will all not be here next December reading the same long winded posts on how great LME is and telling us we will wake up to a sale any day.  "They have drilling planned for 2024 and said they'd deliver a resource estimate against that for their financial advisor and special committee to utilize."  That 100% says to me that we have to wait for next years ...more  
Comment by Thebluestroy on Dec 18, 2023 2:32pm
Ya, I tend to agree here... theres a lot of information that comes out that is extremely positive and all signs point to the end but I was in multiple years ago and have heard the same things over and over again. Its easy to say "if you dont like the way its going sell your shares and move on". Anyone here with any substantial holding is essentially held hostage, when you own more than ...more  
Comment by gfdgdfgd on Dec 19, 2023 1:32am
How much money did they personally invest? Further, how much was it acquire the properties? 
Comment by Wmaver on Dec 19, 2023 10:00am
don't know about the total investment money,  summer of 2022 Cynthia bought around 150,000$ worth of options. was a nice spike that day.... $1.15... ah those were the days
Comment by littledude28 on Dec 19, 2023 10:04am
I think what he is asking is how much money did they aquire the Ishkoday for and all the other properties.
Comment by gfdgdfgd on Dec 19, 2023 3:07pm
Yes, that is my question. How much of their skin is in the game. 
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