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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 fatlason Nov 02, 2024 12:08am
401 Views
Post# 36293379

RE:Headaches

RE:Headaches I for one was told by Cynthia that the plan was to sell the company in its entirety for cash - and I always thought and still think that she told me that because that was her plan. I would expect any company leader to tell its shareholders what they want to do. Sometime early on in the process for me ($0.10-0.20/share) they reworked their board with the specific and stated intention of accessing the private equity space - and I was helped to understand that the thinking was it would be possible to get more for the company selling into that market than into the traditional mining company market. We've since been told that there was some kind of a deal in flight and I assume it is what was behind the run up to $1.10. That deal obviously didn't happen - we're all still here - which can and does happen with deals all the time. Now we are deep into a sales process with a professional team of private equity deal runners who won't get paid until and unless they succeed. I expect they will as they appear to have a very good track record of success - but we will have to wait and see. Until then - raise cash - drill holes - release results - file financials - have AGMs - repeat - because Cynthia has the discipline to do so - and keep the company growing and strong while whatever deal is going to get done gets done. The longer we wait - the more we get. 
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