Laurion Mineral Exploration Inc. V.LME

Resignation vs Twin Falls

[CharlieBaba13]

Since we speculate here, could there be a connection/conflict of interest between Nick's resignation and the Twin Falls purchase?

Not to beat a dead horse, but it's still strange to me that a board member resigned if a buyout is close.  At first, his resignation wasn't great, but then the LME roller coaster continued and he exercised his options.  

To me, the koolaid is empty, everything LME has done this year is smacking us in the face that a buyout is close (we should be mortgaging our homes).  

Nick obvs didn't own the property, but is there a scenario where he would have to step down due to this Twin Falls purchase?  

We gotta be close to a BO and you don't step down from the coaching staff late in the ninth inning if we're up 6 runs and about to win the World Series (that one works).

thoughts? 

Remain LME Long/short ....

[StevenHunter]

Zero connection between Nick and Twin Falls      

[Drewman]

No. Think of it this way: Nick bought a metric @ss-load of shares (or options - can't remember) after he left Laurion. Now, if you were Nick, and you were suspecting that a BO would not materialize, why would you buy shares? What this reads like is that Nick was very satisfied of where the company was, and decided to retire - assuming that his large stake in the company

[matlas]

Drewman- We are talking about Nick exercising options. As everyone knows, I am bullish. However, in all fairness, it could be argued that even if Nick did not think that BO coming, he would still exercise options, since they were significanly "in the money", so foolish to let lapse. Nevertheless, as I have suggested the timing suggests expecation of BO soon, since I believe he had 90

[Wmaver]

or the LME team would know another director resignation would be seen as a neagtive, and they asked him to throw them a bone, and exercise right away to minimize the impact.  while we wait anthoer year or so for a BO.

[Thebluestroy]

The only thing that still makes me think there no BO imminent is the resignation. everything else makes sense except that, regardless of how people want to spin it

[Golden7777]

Nobody spun anything.  He left because it was his time and exercised options.  Making him a very large shareholder.  If he thought it was not worth it why would he do that??  You literally come on here and post nonsense 

[Wmaver]

as Matlas said, at the current share price of 65c.  His options are worth 3x what he paid for them. so without a BO it was worth it.

[Lambosntendies]

Right. So how is him excersizing in the money options him throwing Lme a bone? 

[Lambosntendies]

Take my precious question as a rhetorical one with a heavy helping of sarcasm 

[Wmaver]

lol too late....

[Wmaver]

it isn't that he exciersized them. He was ALWAYS goign to do so. 3x your money in 90 days, is a pretty great return. throwing the bone is excersieing right away, ASAP so we all get on here and say look he resigned but he excersised his options ASAP.  a BO is around the corner..... look nick didn't want to wait the 89 days to do so he did it right away, must be a reason.  a BO

[keen2know]

What would happen if he hadn't exercised his options and there was a BO in the meantime? Would he still be able to exercise his options at the 0.2c region if BO was announced at $x ?  if the above is true, then why would he exercise the options so quickly? Unless he wanted to sell them quickly to realise a 3x profit as you have said    

[Lambosntendies]

From my understanding the options he excersized had to be exercised upon his departure the rest he has 90 days 

[StevenHunter]

Yup

[Wmaver]

as Steve said, his options were to expire imediatedly. exercise now or lose forever.  He obviosuly thought eventually it would be better to own more LME,  and like you said he got them for 1/3 of the price of open market.

[Thebluestroy]

love you too, boo