Financial Statements out now on SEDAR+For those of you interested to know LME financial position as of Sept 30, 2024, take a read.
Something interesting I noticed is that the agreement with the financial advisor expires June 21, 2025. At which point LME is entitled to have the $250k USD fee reimbursed if the financial advisor has NOT secured a transaction to LME's satisfaction.
Also, Michael Burmi is the chair of the special committee. From July 1 - Sept 30, 2024 his numbered company has been paid $50,000 in fees for his service on the special committee. I can only imagine this is because they have been working overtime to evaluate potiential BO options ;)
And finally, not in the financial statements, but it would appear that Mr Burmi has listed his condo for sale as of 10 days ago. Perhaps we're close to a deal and he's ready to upgrade his life??? This is me taking a wild leap of logic and trying to connect things that may or may not be related.
Anyhow, here's to being 1 day closer to the BIG BIG news we all continue to wait for.