RE:RE:RE:Steve’s postMorning everyone!
Don't take my view as literal. For all I know real discussions are ongoing but I have nothing to back that up. What I'm outlining here is why a Special Committee matters and the role it plays in any transaction that requires oversight and approval.
None of that means the M&A team at Laurion isn't working hard on a real opportunity but to be clear I'm not telling anyone that this is the case. It might be, but I'm totally blind to it.
Still, the creation of that entity and the engagement with USCG should be viewed as positive because without those structures/relationships no financial transaction can be properly operated within the stringent guidelines of the OSC and the Canadian court system. What you're seeing is another example of how important corporate structure and regulations are to Cynthia and team.
Do everything by the book at the outset and set yourself up for smooth outcomes. That has been Cynthia's playbook since day 1 in all phases.
Lots of reasons for optimism everyone, we're with the right management team to execute on all 3 phases of Laurion's business plan : Explore, Develop and Dispose. I've never been happier to be an LME shareholder.
Hope that helps,
Steve
DAM$ wrote: I tried to read his post with your more sceptical eye but I still don't see it as anything but imminent. There are no if's or buts's in his post. The closest thing to a vague statement is "Remember that once any transaction is completed". Once can be taken as far in the future but as Fatlas points out "Keeping THE process totally squeaky clean at THIS stage" reads NOW not later.
As for who are the independent directors on the committee I was just pointing out that every director has skin in the game so they aren't really independent. As I'm sure John is on the committee and he has over 10M reasons to get the deal done. That's why they need the oversight. My question was more tongue in cheek.
Going to get another pot of Koolaid ready for the day.
Cheers