RE:RE:RE:Top insider for junior miners Hummmm...
Surprised by that reference in Doug's post at first glance but a couple of thoughts before landing on my "no big deal" conclusion about this one post. I am going to let it go and here's why:
1. The Kinross PEA came out recently and when combined with their maiden MRE and subsequent MRE's that were all above expectations, it seems that Agnico and others would be looking for another Great Bear. LME fits the bill on many fronts esp. no MRE to date. That's good for us.
2. Current Gold prices would lead all the miners biz dev teams to look at EVERY junior in Canada. Rich with cash and record breaking margins that show no signs of slowing down the banks would be keen to throw money at them and their boards much more willing to approve a "Great Bear" type deal. LME is probably just one of many that they are inquiring about. That's good for us.
I suspect that Doug and the entire LME leadership team are under tremendous pressure from every investor even the very early investor friends and family ones, who hold much bigger positions than most retail folks. I believe that the last thing that group wants is another regular AGM and Cynthia is most likely acutley aware of that.
I think that Cynthia is 100% trying to get a deal done like never before.
So I am going to sit back and watch if the USCG thing gets across the line.
Agnico and others who fit my "flush with cash" scenario as per above could always step in and offer more than any opening bid from USCG. That's good for us.
Time and Money