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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 StevenHunteron Sep 22, 2023 10:20am
614 Views
Post# 35649098

RE:RE:RE:Steve

RE:RE:RE:Steve

I leave you all alone for one day!...... lol..

The AGM prep that was submitted for review and approval by the Exchange has a framework that, once approved, is pretty much locked in.  Anything material IF it comes up would have to be and will be dealt with entirely separately from the AGM. In line with what I posted earlier.

The AGM is an important marker for all public companies but is rooted almost entirely in procedure.  I don't doubt that LME's AGM will line up with that approach.  Certainly there's a ton to be excited about and the highlite there in my view is the quality and role of the partners that Cynthia and team have joined with at a pivotal time in the project and in the commodity cycle.  IF that excitement manifests itself in any one of a number of different possible financial transactions that news and execution will live entirely separately from the AGM.

As I said, don't put any eggs in the basket of an earth shattering AGM.  Shareholder meetings and specially required meetings are mutually exclusive at this point.  The culmination of LME's strategic partnerships could manifest itself today, tomorrow or next year. I'm really not sure or informed in any way but, like you, I'm optimistic and that view is rooted in the diverse quality of the team at the table with the leadership of our company.

In alot of ways I think the recent run on the stock this year makes way more sense than it did last year given the expansion and role definition of LME's partnerships only 1 year later.  We should all feel great to be shareholders, I do.  I still maintain that the current share price doesn't appropriately represent the DOWNside risk of buying the stock at these prices.

Last thing, looking at other transactions is an okay guide to the steps that juniors take when looking at dispositions, sure.  Relying on them to mark the timing of anything that may or may not be upcoming is a recipe for disappointment in my view.  Even though nothing is disclosed or promised if you set up markers based on the transactions of other companies you're setting yourself up to be let down if those markers aren't hit by LME.  Not fair to your emotions as a shareholder and not fair to LME to create a line in the sand that isn't there.  Focus on the process but I suggest you stop short of inferring that the timing of Deal A informs the timing of Deals B and C.

Hope that helps.

Steve

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