Laurion Mineral Exploration Inc. V.LME

Alternate Symbol(s): LMEFF

Metals & Mining Gold

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.

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Laurion Mineral Exploration Inc. > Director sell shares ??

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Comment by StevenHunteron Jan 12, 2024 12:02pm

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Post# 35823776

RE:RE:RE:RE:RE:RE:RE:RE:Director sell shares ??

THIS.

TraderRC wrote:
Good morning All.

The way I look at this, 450k shares sold at .40 works out to $180k, not a huge amount. Rich people make money with other people's money. They get money to work for them, instead of them working for money. With that in mind, I would be surprised if Michael has $180k just sitting around. He needed these funds to pay off something. The cost of borrowing has sky rocketed in the last year, not surprising that he has to sell off something to keep everything else going. Alot of posters are saying a BO may not be close, maybe true may not, even if a BO is announced in say one month, there will still be a couple of months before it closes. If payments are due, a guys got to do what he has to do to make the payments. As I stated previously, assuming he was the seller of the 450k shares yesterday, they were picked up pretty quickly. Someone wanted them.

Encouraging results were posted today, strike zone keeps getting bigger. It's just a matter of time. Hopefully soon, but who knows. With the kinds of returns we are all expecting, we will just have to wait. I am confident when we look back at this point, we will all be saying, sh*t I should have bought more on the dip.

TraderRC