Laurion Mineral Exploration Inc. V.LME

Have we lost momentum?

[Smitty64]

I feel like last month and earlier this month we were all hopeful that the 2^nd portion of the spring drill results would be published (which they were yesterday) and that the next step is for Cynthia to announce a BO before the June 24th Capital Gains effective date. I feel like the tides have changed recently and I’d like to know why??? Are we still hopeful? Here my thinking:

• We recently found out USCG completed their Due Diligence
• My question is this:

Let’s be real, the DD was conducted ON LME, not on a deal (they would never announce that if so). Therefore, if they completed DD on LME would they JUST be starting to look for potential buyers now?? Or, would they already have these lined up and now they’re showing the prize?? I am just worried that the case studies showed that when an FA + Special Committee is publicly announced, it takes roughly a year to close – so will it be a year from now?? Or, do we feel we are we closing soon since it's been a year since we announced the FA + Special Committee publicly last August 15^th, 2023

[Anthony13]

I see 1 of 2 things happening.  Either a buyout announcement will be happeing soon or In Aug the refund will happen.   If the refund happens I feel certain will see you all at another AGM.  

[Pasta86]

I take solace in the fact Doug recently posted "Behind the scenes the board is working with USCG to negotiate a strategic transition." This reads to me that they are currently in negotiations with a buyer and USGC is not in a state of finally completing DD on LME and ready to "promote" them but actively negotiating a deal.  Also, we know from previous posts from Doug that

[Beaker1965]

Pasta la Vista baby

[GoldenBull999]

down down to goblin town, place your bets if this moves in the next 4 weeks, hold on to your arses if it doesnt