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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 Lambosntendieson Apr 21, 2023 2:02pm
203 Views
Post# 35407693

RE:RE:Before Or After the Recession

RE:RE:Before Or After the RecessionIt will be interesting to see what happens. You mention how the majority of the money is locked up and that will be tested. I think if there is anyone with significant amount of shares looking to sell they almost wont be able too for anything signicant if they didnt buy in under the 10-20 cents range. I am not sure what recent level II data looks like but I would assume, just off of typicaly volume, anyone holding over 100,000 shares (an insignificant amount considering the entire float) panic selling at market value could propably drop the share price in half or more. There are alot of shares out there that were purchased for pennies, people may accept just getting their money back out in a panic situation. Like with anything in life the times that "prove tough for some" as you put it often lead to opportunities for others. If there is panic selling I will most certainly be there with cash in hand!

Those who have a significant amount of shares may also have a bit more information those of us in the general public are not privy to. That may be enough for those people to "ride it out". I hope everyone here has the resolve to hold their shares through the storm ahead and I am hopeful our patience will pay off for us all! 
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