Comment by
Smitty64 on Sep 20, 2023 10:53am
Sorry there is 1 more key date: someone has mentioned that LME has something like a $1 million grant to drill by the end of October/year end?? Steve has mentioned they will be redrilling the top areas of mineralization in October. Not sure if this works into the above but would be nice to hear if this would play a roll into the above.
Comment by
Wmaver on Sep 20, 2023 10:56am
Sooo many wrong things in this post.... will take time to list them all....
Comment by
matlas on Sep 20, 2023 10:56am
Smitty As I suggested before, I don't think that there will be a AGM. There will be a vote at a Special Meeting to approve the Plan of Arrangement, the deal will close and then LME will be delisted. All this year
Comment by
matlas on Sep 20, 2023 11:07am
The new AMT rules will increase tax rate on individuals with very large capital gains by 4% federally and about a total of 6% if Ontario follows suit. For Cynthia and Roger as well as the other members of LME board that amounts to many millions of dollars which I am sure they would strive to avid.
Comment by
Wmaver on Sep 20, 2023 11:50am
sounds like a GREAT wrap up to me! still exciting times, i never had the guts to sell any at 1$, sure don't have the guts to sell any now!! can't wait!
Comment by
Lambosntendies on Sep 20, 2023 11:52am
Great timeline Smitty sure you're hope right with the September 27 prediction (or sooner)! Ahsineeg, Great find with the linked in posts from 2019 as well!
Comment by
Smitty64 on Sep 20, 2023 12:07pm
Agreed Matlas. I think the drilling will happen either way since the funds have to be used for exploration, whether the drilling is done under the supervision of LME of an acquiror is a question the red herring can lead us to.