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Bullboard - Stock Discussion Forum Laurion Mineral Exploration Inc. V.LME

Alternate Symbol(s):  LMEFF

Laurion Mineral Exploration Inc. is a Canada-based mid-stage junior exploration and development company. The Company is engaged in the acquisition, exploration and development of Canadian gold and base metal mineral resource properties. It is focused primarily on its wholly owned 57.43 square kilometers (km2) (14,191 acres) flagship brownfield, Ishkoday Gold and Polymetallic Project, located... see more

TSXV:LME - Post Discussion

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Post by DouglasGVass on Jun 05, 2024 3:28pm

Status quo

What many of you don't realize is that LME will continue to operate as a junior exploration company regardless of M&A status.  Don't you think a potential buyer would want the company moving forward with the intention of proving up more GEO's?  Daily discoveries on the Ishkoday may seem insignificant to most of you but in reality it is adding more and more value to the company and shareholders.  So when you see a PR like the one that went out this week its because things are moving along as "status quo."  For those of you that think that the potential change in the capital gains inclusion rate will force a deal, you are wrong.  A potential buyer is not effected by a change in captial gains with this transaction.  Many of you hold your LME shares in your TFSA or RSP accounts which are not effected by capital gains.  Capital gains would only make a difference to those who own shares in their cash/margin accounts held personally or by their corporation.  If you own shares in your cash/margin account I reccommend you talk to a tax professional about strategies they may offer if the inclusion rate is increased at the end of this month.  Let's not lose sight of the fact that USCG is still engaged and is actively working with the Special Commitee Board.  This relationship was set up 10 months ago for a very specific purpose.  Let the process unfold folks...
Comment by GoldenBull999 on Jun 05, 2024 3:50pm
why do we need an investment relations dude if its just status quo...we never get answers and its all fluff. id rather have a bot thats set up to reply to all threads with a selection of: "You better stop being impatient, boy"    "status quo"   "maximizing shareholder value one day at a time"   "Cynthia is a ROCKSTAR...like ...more  
Comment by Primpage on Jun 05, 2024 5:13pm
Forgive us Doug, but I think we are all a little on edge after 3-5 years of Roger pushing the stock, reassuring us that it was happening soon…over and over again, who at the time had your title of Investor Relations. It’s no fault of yours but I’m sure I’m not the only who’s a little gun shy to blindly trust everything that is said at the moment. In saying that, I do agree that the buyer doesn’t ...more  
Comment by keen2know on Jun 05, 2024 7:09pm
Incredibly patronising post Doug.  'What you don't realise' is that we understand not enough drilling is being done to progress the site.  We all want the same thing, but with you justifying such a lack of progress and constantly telling people to be patient, it reduces your credibility.  I for one do not understand why Cynthia doesn't have enough time to post ...more  
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