RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Gold continues upward momentumInteresting back and forth. Everything valid in my view except the notion that Cynthia wouldn't have ongoing shareholder support in the future. 99.5% of shareholders cast their votes in her favour at the AGM and that's been consistent since the outset. LME is Cynthia and Cynthia is LME.
I've always tried to avoid specualtion on pricing and timing. My view as a shareholder has always been the value of LME vis a vis the resources on the property. As long as the gold is there, the value is there... .and the gold is there. The next marker on that will be assay results from the 2023 drill program.
I'd agree that the engagement of a financial advisor and the formation of the special committee are important indicators in any process leading towards disposition. Couple that with the focus that Cynthia and team made clear about disposition being a priority at the AGM and the story is compelling.
That doesn't speak to a timeline or a price but it does inform a real process with real partners and that's positive for shareholders.
I have a follow up with Cynthia later this week and will get a conversation in about the work DRA is doing on the Ishkoday. Stay tuned.
More reason for optimism and enthusiasm for shareholders today than any time in LME's history. I'm very happy to be a shareholder.
-Steve