Laurion Mineral Exploration Inc. V.LME

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[keen2know]

Why have they decided to announce this now? Is there a risk that Cynthia can now be voted out next weeek? 

did this even need to be discussed? Why did they not maintain the same view that they have expressed so far in that the report was not necessary? It feels weird that they have come out and said this which they surely know would cause an uproar. 

The casual responses from Roger and Steve give off 'we don't care' vibes. This is all getting a bit weird..

[StevenHunter]

I care deeply Keen2Know!    Not for nothing I am a massive shareholder in LME as well as doing some work for the company here. I'm given confidence by the process that has unfolded over the past 6 months.   You don't form a special committee and hire a financial advisor because nobody is interested in buying your company. After that the details get pretty tight lipped.

[JoJoHairBlo]

Hey Steve, I don't envy your job today, that's for sure!! I have a question for you though.  In your original post today, you had mentioned that another company might do the extra drilling required and complete the MRE, essentially extracting more value out of the property before selling it to someone that would build a mine. If that is to be the case, how does that jive with "

[StevenHunter]

Great question! An intermediary between a pure explorer like Laurion and a producing gold company is very much standard.  The big players want properties that are significantly explored to reduce risk as they bring them into inventory.    The capital requires to get to that point is massive.   There's a middle slice in between those 2 extremes and the companies that

[keen2know]

Can you clarify for me because I believe that the financial advisor were given a payment which is refundable if they do not secure a deal? If this is the case, it is completely worthless and you (should) know it.  you also say that the people last week bought at a premium to where we are today. Misleading from you again. They didn't buy at a premium to todays drop off. They bought in