RE:Price Drop???Team LME
As per recent stock price drops, it would be wildly speculative to put forward "a reason" for the recent change in some investors sentiment that has driven some shareholders to sell off some or all of thier positions.
Rather than specualte on the motives of a few investors, one should keep in mind that each investor selling shares recently has been met by someone buying those shares who has an opposit point of view on LME's financial future.
While short term sentiment has clearly changed for some shareholders, the LME fact set supporting the Ishkoday as a high value property that is for sale has not changed.
Below is one of my posts from the recent past that should be kept front of mind as short term speculators exit their positions.
Team LME,
With the AGM in the rear view mirror I remind everyone of the sum of the LME parts. These parts have not changed since yesterday and as such I remain positive and long on my position.
In no specific order the LME advantages include, access to roads, water, hydro, a local skilled workforce, long term land leases, permits in place, a 43-101 completed above ground pile with defined Au from the original shaft, studies underway on how to potentially monetize the pile and the 2 high grade 17.00 g/t Au past producing underground shafts, plentiful easy to access mineralization at shallow depths along a 6km x 2.5km strike, a 100% success rate at finding gold, silver, copper and zinc for all drill holes completed since 2018, high % of shares owned by management / friends and family, good long term relationships with first nations partners, a stable location and political environment that supports mining, and best in class third parties performing key activities on location - Mira Geoscience, Ronacher McKenzie and now DRA Global.
These facts add up to making the Ishkoday a unique property and should be kept front of mind regardless of short term stock price movement after the AGM.
Eventually LME's managements discussions with senior producers, private equity or others will produce an offer that is compelling enough to put forward to shareholders.
Until then, the facts above won't change and neither will my long position. I have been long since 20 cents or so.