Laurion Mineral Exploration Inc. V.LME

Great interview with a junior gold stock investor

[DouglasGVass]

If you're looking for validation as to why Cynthia raised money to fill the treasury when money was available, listen to this interview. Juniors are suffering right now and some are selling their assets for pennies on the dollar.  LME is in a position of strength. LME is in a position to negotiate a fair deal for investors. LME is able to take advantage of the spot gold price while other companies are "selling their souls to the devil" and they have no choice because they have run out of money and have no "ground to stand on."  In my 20 years of investing in the gold mining sector I have never seen a more opportune time to invest. Enjoy the interview. https://youtu.be/JiBnO0yQiGY

[Thebluestroy]

What happens to these other juniors who "fail" or run out of money before validating enough to be purchased at reasonable valuations? do Majors / large private equity venture groups just scoop property/claims they have for pennies on the dollar? or do they go dormant?  If there are a lot of struggling juniors and blood is in the water so to say, wouldn't it make more financial

[gfdgdfgd]

You're absolutely right. It's not a good market for LME if that's the case, it would lower their potential selling price. 

[gfdgdfgd]

Why wouldn't major's just buy those assets instead? 

[JoJoHairBlo]

I imagine if they were truly properties of value, then funding might not be an issue?  Perhps the interview was speaking about properties that haven't hit certain benchmarks that investors look for yet. I just remember that interview the Barrick CEO did the other week where he mentioned something like "if you want quality properties, then you're going to have to pay for them

[Lambosntendies]

Strong management with the ability to raise capital and drill strategically + resource rich property = possible success Poor management with little ability to raise capital and drill strategically + resource rich property = failure  Strong management with the ability to raise capital and drill strategically + resource deficient property = failure there's obviously more to it than