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Laurion Mineral Exploration Inc. V.LME

Alternate Symbol(s):  LMEFF

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

Comment by Timeandmoneyon Sep 16, 2024 3:49pm
236 Views
Post# 36226004

RE:RE:RE:RE:RE:RE:RE:RE:RE:Morning update?

RE:RE:RE:RE:RE:RE:RE:RE:RE:Morning update?Folks, As per the recent persistent selling by Anon perhaps you should ask yourself: How could they be "right" while so many others buying up the stock are "wrong"? It appears on the surface that someone is either very very convinced that there will not be a transaction involving LME any time soon or they have a very very pressing need / opportunity for their cash. This type of selling from one dealer while the buying is spread across so many dealers seems to me like someone just lost their patience in the story, they need the money, or have some very reliable inside bad news information that no one else appears to have in hand just yet. I can't be sure on the exact Anon selling metrics over the past several weeks (can someone get that and share the Anon trading metrics?) but it looks like Anon has sold in excess of 1m shares in the past week or two. At .41 a share that is real money for anyone. Let's be honest, no matter how much stock you have in hand, it seems highly unreasonable to think that someone would let go of 1m shares just to prove a 10 bagger point. Throw away $4m dollars? No way. Assuming that we don't see an insider trading report that aligns with these transactions, we are back to 1 of the 3 reasons for this selling activity that I outlined above. Am I missing some other rational reason to explain this kind of trading activity? If so please chime in. I suspect they are both fed up with waiting and need the money. End of rope stuff... I remain long. Time and Money
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