RE:Consider this folks Regardless of the motives behind “the big sell” now all the pessimists driven by fear are trying to be the first out of the door because “we’re going below .40” as some have said. Thanks, I have the chance to buy more tomorrow and I’m more than happy to!
Lme:
“Interest directed at LMEs board of directors previously has been at a premium to the current average market share price (as of August 1st, 2023)” -excerpt from the faq sheet sheet FYI Closing price aug 1/2023 was 0.43.
June 14 2023 Lme forms a special committee to investigate potential buyout opportunities
August 24.2023 laurion engages USCG as financial advisor for disposition
January 5.2024 laurion releases
Best drill results to date.
if you're selling below what a company who has received an offer lower than the current share price and who has expressed an interest in selling the entire company ... you're an idiot.
Lme investor:
“I need to sell my 500,000 shares for personal reasons”
Lme retail investors”:
OMG the sky is falling! We all need to bail now! The share price will be lower soon and if Lme is a viable investment in the future we can “hopefully” buy in lower so let’s panic sell now and get back in when hits .30! (Forgetting an offer was already made at a premium to this number)
“Smart money”:
Someone needs cash so they sold their Lme shares. Retail investors are panicking because of the plummet they have forgotten the Lme fundamentals. We can buy shares on the cheap and DCA in small amounts as they panic sell. Let's place buy orders for 5% less than the price at open. People will sell into the support out of desperation and fear.
Moral of the story: don’t sell so
Just because everyone else is unless you have FACTS That they don’t. Remember why you invested in the first place.
The share price is a tug of war between buyers and sellers. Always ask yourself do you have more information from the people you are buying from or the people you are selling to? (Information is not FEELINGS) if you don’t have more facts then don’t enter into a transaction. Wall street makes they’re moeny because they play facts and logic, not emotions.
NOTHING HAS CHANGED WITH LME THEY ARE ACTIVELY PURSUING AN AQUIROR AND RELEASING EXCEPTIONAL DRILL RESULTS! THERE IS NO BAD NEWS HERE TO MERIT A LOWER SHARE PRICE!
A buyout will happen. Be patient