A) B) C) or D)Hello LME Team, I know we are a short time away from key news and the following ‘multiple-choice’ style question has been at the top of my mind for a while now. Would love your opinion/insight/feedback:
The final assay results were intended/supposed to be posted on the week of July 4th when Roger, (Cynthia’s husband) posted back on July 3rd that “We can expect more assay results probably this week” …and still nothing.
The reason they have not publicized the results from the highly anticipated A-Zone and McLeod Zone is because:
- The lab is legitimately still delayed (almost 1.5 months late…)
- They are waiting for the record date of August 19th to pass to announce their best findings. This way any new shareholders who buy on the news will not be eligible to register for the AGM vote. Therefore, they will not be allowed to vote against a buy-out whereas all the longtime shareholders (80% friends and family) who have owned for the long-term will be locked-in for a majority vote.
- They results have come back underwhelming and Cynthia + her close circle have been slowly off-loading their exercised shares to people like us who have been accumulating in anticipation for months – a reason why the stock price has stayed around $1 despite speculation that it should be much higher.
- None of the above
Obviously polarizing options but curious about what others are thinking.
Thanks!