RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Director selling shares- clarification urgently neededSEDI report looks like 600k shares..... 5% of Michael's position in LME. He's got a life and business outside of this stock folks. He gets to manage it any way he wants.
I don't have a good answer on why the reports appeared on SEDI when they did and I'm not likely to get one unless Michael volunteers it. Reporting is on the human, not on the issuer so nobody is keeping anything from me at LME, it's not their responsibility.
Story that there are no foreseeable sales is still the story I'm getting and there's no reason to doubt it. No different than someone here selling 5% of their holdings at a profit to pay a bill, his bill was just bigger than the ones most of us are used to.
Comment on his hold co is also important. Michael is still a massive shareholder of LME and has no plans on being anything other than that. He just needed cash.
It happens.
I can tell you from spending some time with Michael he is entirely confident in LME's plan and its team. Michael is excited about the work the LME has done and is doing and is fully behind the partnerships and strategy Cynthia and team are executing on our behalf.
Totally get the temptation to match the sale with a change in a view to the value of the shares given Michael's position on the team, but there isn't a connection there. If he had another way to raise the capital he needed he'd have taken it. It's very easy to type "just go to the bank", another thing to get that done quickly when you need it, regardless of how your balance sheet looks.
As always, you get to do anything with your shares that you like. If you've got 5k shares left and think this company is worthless, this is a great window to dispose of them with all the buy side support that LME has.
I'm holding onto every share I've got and I'm thrilled with the news coming out of the Ishkoday. The drills are confirming everything we've hoped for, Cynthia has her house in order and the declared intention to sell this company is unchaged.
I'm excited to be a shareholder.
Hope that helps.
-Steve