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. > Level 2 Data - Aug 13, 2024 12.56pm

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Comment by mithril56on Aug 13, 2024 3:06pm

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Post# 36177104

RE:Level 2 Data - Aug 13, 2024 12.56pm

To add to my thought of someone supressing the price. There are currently just over 133k shares being shorted of LME. This is the most number of shares being shorted since Nov 2022. So I believe more than ever that the wall of 500,000 shares for sale at $0.45 is related to the increase in the number of shorts. That person is highly incentivized to keep the share price low and not let it rise.....just a thought.

mithril56 wrote: [Level 2 data below]

Wow - volume is really picking up. HUGE buys from TD. What I'm curious to see is, if the share price approaches 45 cents, will the single sell order of 500,000 shares at .45 disappear? I suspect that someone is trying to supress the share price. I can't see a sophisticated trader actually trying to sell 500,000 shares all in one go and leaving a sell order on the books. That ask of 500,000 at .45 could simply be to scare off others and keep the share price low.