RE:RE:New Press Release - LAURION Provides Update on Corporate Activities and Strategic ObjectivesRead the PR when I was at the gym and rushed home to post this. My thoughts exactly GoldBelt; I normally err on the side of caution but this post really stood out to me as an “make an offer or we’re going public with the results” due to 2 parts:
- “Since the announcement, US Capital Global has progressed to the latter stages of its due diligence review process. LAURION remains confident that US Capital Global is well-positioned to help identify and if deemed appropriate by the Special Committee, unlock, potential strategic alternatives and transactional opportunities for the Corporation.”
- “The use of proceeds from the financing, which amount to approximately $2.88 million, will include activities that will support the preparation of a new technical report for the Ishkoday Project. The new technical report is expected to be completed in 2024 and in accordance with National Instrument 43-101”
While Matlas is hiding in his mancave I’ll sip his portion of Kool-Aid:
- Point 1: We’re still progressing on buyout negotiations and are in the final (latter) stages (put up or shut up). Which leads to:
- Point 2: We’ve shown them the chips on the table (data room), if they don’t want to act on it we will formally release the findings to the public, where someone else will bite (and hopefully bite bigger).
They’ve said time and time again they WILL NOT be doing a 43-101, I honestly think Roger has said this over 10+ times as well as Cynthia (I'm sure people can find the documenation). NOW, they’ve changed their course. I don’t think the course change is based on fundamentals of disposition, I think it is telling whoever is at the table to roll up their sleeves or a lot more guests will be coming to eat.
....It’s either the above or just a PR to shut us up regarding M&A questions at tomorrow’s AGM