What will it take to move the needleDoes it have to be the anouncement of an ALL CASH DEAL? The share price 20 cents to 50 cents then 50 to 75 then 75 to $1 on no news. Now we get Back to back news releases saying they are expanding the strike zones (Again) and nothing.
"testing the continuity of the newly opened area that
extends the A-Zone by 700 m towards the Southwest."
"assay results have demonstrated that the northeastern part of the A-Zone gold- and zinc-rich synvolcanic mineralization extends to depth over more than 240 m vertical. The drilling also
identified a new mineralized structure, associated with the Bezhik shear zone, bordering the northeastern edge of the A-Zone.
Then today Roger Aquin writes
"NEWS this morning from the mining industry; GoldFields of South Africa to acquire Yamana Gold for just under $7Billion.
We can expect other acquisitions to take place within the mining industry in this cycle period.
LAURION Mineral Exploration Inc. (symbol:TSX.V:LME) is very well positioned as a takeover target within this Gold Super Cycle period.
Note: The big difference to note is that the GoldFields acquisition of Yamana is an all-stock deal, whereas LAURION's deal will be an all-CASH deal. An all-cash deal is much better for shareholders.
With Cynthia, LME's executive board members and I being LAURION's largest shareholder group, we will ONLY accept an all-CASH deal.
Another detail to note is; that Cynthia set up LAURION corporate charter so that any senior producer interested in LAURION's mining assets, cannot just acquire the mining assets but rather a senior producer/acquiror has to buy out all of LAURION's stock with CASH to its shareholders. Investors in the sector should pay attention to this most important detail. Most junior miners are NOT set up this way. Most junior miners are set up as a project generator, where the junior sells off its mining assets and only the junior (the corporation) benefits financially and not its shareholders."
I know this is a very tightly held stock, with everyone waiting for the big announcement, but if you need to sell 500 shares to fill your tank, at least, hold out for a penny higher as we should be approaching the $2.00 mark instead of dropping a penny for a quick sale.
These are all Good News releases.
Rant over
Cheers