Laurion Mineral Exploration Inc. V.LME

Question on BO

[TraderRC]

Hi Steve,
One other question that comes to mind. In the past, there was talk of when the company is sold it will be for an all cash offer, has Cynthia's position on this changed?  Can we expect an all cash offer whenever that will be, or is a cash and share offer a possibility?  If this is sold to a mid tier, and there is a share component to the offer, it may give us an opportunity to enjoy a greater return if we decide to continue to hold the new shares. 
I ask this because in the past, we were told no MRE, we have the data room, but after Thursday's crazy back and forth about the MRE, it leaves me to wonder how an offer will be structured.
Thanks, hoping to get an answer on this one, never did get a response on my other questions from my earlier post.
TraderRC

[StevenHunter]

The focus for Cynthia and team remains a cash transaction.  

[BidingTime]

With the possibility of spawning a more constructive thread than yesterday's action..my reaction to this is that this would discount the potential for an 'intermediary between LME and a producing gold company' from acquiring LME by itself - financing would need to come from elsewhere unless there is equity as part of the deal. It seems more likely that a LME is take out via a majority

[JoJoHairBlo]

How does a majority purchase differ from a BO?

[BidingTime]

It doesn't - I meant that an intermediary would need a partner to shore up the necessary cash. 

[JoJoHairBlo]

Gotcha.  Thanks for clearing that up.