Laurion Mineral Exploration Inc. V.LME

How I'm viewing the news

[StevenHunter]

1. Drill results aren't good..... they're amazing.  LME is, above all else, an exploration company.  Exploration is less about how many drills are turning and more about what is found in the holes that were drilled.  The last 2 rounds of results from LME are super platinum plus.  Not just in terms of grades of the finds but in the expansion of the gold yielding area of the property.  Further confirmation that this property has gold everywhere (read : open pit mine).  That news is recent, real and couldn't be better.
2. Recent market activity is a signal of major STRENGTH.  An unforseen demand on the sell side of the stock and the market ate it up within 24 hours.  That's a good story about liquidity, valuation and awareness of the company.  Not every junior can take on that kind of demand.... Laurion shrugged it off in less than a day.
3. Transparency has always been Cynthia's calling card and this is affirmation of her consistency with that.  Easy to deliver good news, not easy to deliver all news but we get the whole story regardless.  That's a major reason to invest in a company whether it's a junior miner or a global bank.  If leadership is committed to telling the truth in a timely way, that's a big time positive.
4. The goal of the company is unchanged.  Sell this business.  That was the declared goal ahead of the AGM, during the AGM, after the AGM and today.  That's good for shareholders as well.

It's a great time to own LME.

Hope that helps,

Steve