Post by
JamesTB on Jul 05, 2021 1:25am
LME Inner Circle & Insider Owership is now 80%!!!!! $$$$
LME Inner Circle & Insider Owership is now 80%!!!!! $$$$ this is unheard of for a public traded company, let alone a junior miner. This single characteristic alone should be reason for all of us to take notice, and to add more shares at these prices. Not only does this bode well for price action upwards on strong news and assay results with such a small float, but also in the event of a buyout offer, or hostile take over bid, Laurion has full control over it's destiny.
Board members have recently exercised many warrants and options recently too, adding millions of dollars to the treasury of the company. Board executives generally only pre-emptively do such things when they want to ensure they have a maximum allocation of shares under their entitlement prior to a buyout.
There are so many positives for this company, it is incredibly promising. I firmly believe once the AGM is complete, that LME could really start to run up again this summer, POTENTIALLY leading up to a BUYOUT OFFER or even deal being reached.
The A zone alone at the Ishkoday Property, valued in buyout terms at approx 400$ per oz on average, puts the share price at well over $4/share by my math fully diluted.
I've been an LME owner since 2016, and I've never been more excited about the near-medium term prospects of the company.
Comment by
Neil68 on Jul 05, 2021 3:08pm
Great post JamesTB, THANKS! I have been happily adding more during this pull back. AGM tomorrow, plus the results of recent drilling activity which should be released any day now. Very exciting time to be a LME shareholder.