RE:RE:RE:RE:Level 2I wrote my previous post out of annoyance on a day when every stock, ETF and cryto currency I had was down. Here is a calmer analysis.
LAURION is a sizable chunk of both my TFSA and RRSP. I'm down on Laurion but up 3x on some stuff with equal risk. My goal is dividend income, preferably non-taxable.
This is not financial advice. If it was financial advice, the advice would be Don't Do This. This is just what I'm doing. Full disclosure we will have two pensions so my risk tolerance is higher.
The last few years I have had to sell LME from my TFSA to fund my RRSP. I have set risk limits in my RRSP so I split the profits on the sale equally into Laurion and a dividend stock like Enbridge, ETF or a Canadian bank.
I think you're long on Laurion if you hold it in your RRSP and I do. But my goal is dividends so I reduce my exposure. In the next year I expect to be able to contribute more to my TFSA. Right now this is an attractive price, but the lack of buyers tells me more about the economy than it does of Laurion.
This is not financial advice. I bought 30 GameStop recently but wrote it off immediately, I just enjoy Roaring Kitty and Reddit. I am not a financial advisor. I am a guy on the Internet.
I like Cynthia's Linked In. I like the pictures of the rocks. I could do without the hashtags but I guess it is marketing, I like the Laurion twitter account. I like this forum for the most part. It can get abusive, but then again...Reddit.
f there is an AGM, I think they will annouce the MRE. There may be a buyount before then or even before I post this, that is the unpredictability of Laurion. Without a MRE it's a case of say a higher number. Advocates will point to the data room, but after
In their defence of not producing a MRE, they claim that it may represent a ceiling and not be reflective of the value of the Ishkoday.
I believe the 43-101 Property of Merit was done as part of the due diligence and part of the investment package USCG put together for private equity. (I admit I still think a capital injection vs a buyout but Doug V called that out). In that case of a buyout we may have seen the last AGM.
In the worst case, there is an AGM with no deal in place. The defence to not do a MRE is gone. You tried to sell the potential and got no takers. Show your hand. If they don't annouce at least the MRE, if not a MRE and a Economic Feasibility Study at the AGM there will be lots of selling pressure.
This isn't a criticism of management. My biggest winner is a satellite stock that lost 70% of it value before it came back due to broken timelines. I don't put a lot of faith in timelines and I don't penalize Laurion for not meeting them. I do want to see progress and if nothing else this engagement with USCG will give Laurion it's current market value. They wont disclose it but if there is no deal by the AGM it won't matter. I believe the shareholders will want to see the data and the 43-101 MRE is the standard.
That is not the only risk here though. Investment pamphlets will highlight the stability of Ontario and Canada, while underplaying the regulatory challenges and complex relationships with Indegenous Nations. Exploration agreements and Mining agreements are very different things. You can see the Outreach and while I believe Cynthia has a good relationship with the communities and that the Ishkoday is a positive and benefit to the community, my only source for this is Laurion PR.
So to answer the original question of what could Laurion do to help support the market cap. Add the missing sections to th 43-101 that they have started.
That's it. Appreciate you following along.