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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 220 kilometers (km) North-East of Thunder Bay, Ontario, Canada. Its Ishkoday is situated in the Onaman-Tashota Greenstone Camp in the Irwin, Walters, Elmhirst and Pifher Townships located 25 km northeast of the Town of Beardmore, Ontario and 220 km northeast of Thunder Bay, Ontario. It holds a 100% interest in Brenbar, which consists of two mining leases covering 255 hectares contiguous and to the west of Ishkoday. It has a 100% interest in the Jubilee-Elmhirst, Beaurox and Twin Falls property. The Company also owns a 30% joint venture interest and Canadian Gold Miner Corp.


TSXV:LME - Post by User

Comment by matlason Sep 27, 2022 8:00pm
254 Views
Post# 34990866

RE:RE:Lots of good fluff!

RE:RE:Lots of good fluff!Interesting DAM$

Here are my predictions:

1) No way we will ever learn the buyer(s) of the PP. The release indicated that they are high end clients of Bay Street brokers. Do you think that they want the world to know their business?

I was the one who coined "strategic dillution" in another context. What I suggested was "strategic" was the fact that they were allowing the dillution, not who the buyer(s) are.

It may also be a pay-off/incentive/bribe to the Bay Street types who will sell to their clients to help support and promote LME stock.


2) There will be nothing else of much significance that we will learn tomorrow at AGM.

3) Buy-out will be completed by end of the year, with or without 43-101. Cynthia's preface to her posting this AM on Linkedin confirmed my suspicial that this is all a charade/ploy that they are having to go through leading up to the buy-out which can be in the near term. That, to me, overrides everything else.  They are just trying to play hard to get and convey the idea that they don't really need a buy-out to strengthen their bargaining position. 

Time will tell! 
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