RE:The gold standardYou’ve outlined how drastic of a difference the position of Artemis vs. Laurion is – thank you for this. However, you have yet to answer the question: given all of the steps Laurion has taken + publicized (relisted below), what path/strategy do you think Laurion is currently taking (I understand you can’t predict the future but you’re educated guess is greatly appreciated):
- Raise money via a cash injection while still maintaining a % of ownership (JV). This will (stated by you): dilute the LME shares and likely cause the stock price to drop even further BUT will have a long term much larger gain (if they can develop the property to something to the likes of Artemis)? This is a 3-5 year plan
- Sell 100% of the property to a PE firm and let the firm invest their own money and resources over the next 3-5 years to bring it to a position similar to Artemis? This will: allow all of us to exit at a much lower stock price in the short term
- Continue with small drill campaigns and private placements as they currently have been. This will likely continue a slow burn decrease of the stock price with major frustrations
Current actions by LME:
1. Special Committee Creation ->
2. Announcement of USCG (Aug 2023) ->
3. Property of Merit (Feb 2024) ->
4. 3rd Party (USCG) Due Diligence Completion (June 2024) ->
5. Removing of USCG from PR’s Due to Broker Compliance (Aug 2024) ->
6. Finalizing Deal/Sale Commissions with USCG (Aug 2024) ->
7. USCG now creating an Investor/Acquisition Package (Oct 2024)-> ???