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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.


TSXV:LME - Post by User

Laurion Mineral Exploration Inc. > New Press Release - Laurion Announces Proposed Non-Brokered Private Placement Of Flow-Through Shares
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Comment by keen2knowon Apr 11, 2024 12:37am
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Post# 35982658

RE:RE:RE:RE:RE:RE:RE:New Press Release - Laurion Announces Proposed Non-Brokered Private Placement Of Flow-Through Shares

RE:RE:RE:RE:RE:RE:RE:New Press Release - Laurion Announces Proposed Non-Brokered Private Placement Of Flow-Through Shares

Hi Doug, in terms of dilution, if a buyout happens then we are being/have been diluted. 

what you say about todays value then yes I agree we aren't losing value right here right now because I can sell my shares at the same price today as yesterday. But talk refers to buyout scenarios, not todays value. 

A buyer would make an offer based on resources and cost of extraction, it would be irrelevant to them existing share price and whether 250m , 300m or 350m shares are outstanding. They aren't going to increase a gross offer because Cynthia wants more per share, as has been consistently said in here, the share price does not reflect the value of LME. 

I think your post has misunderstood the context of our dilution comments or it is misleading ... 

I will also say it again, Cynthia must drill more! 

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