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

Alternate Symbol(s): LMEFF

Metals & Mining Gold

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

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TSXV:LME - Post Discussion

Laurion Mineral Exploration Inc > Level 2 Data - Aug 13, 2024 12.56pm

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Post by mithril56 on Aug 13, 2024 1:00pm

Level 2 Data - Aug 13, 2024 12.56pm

[Level 2 data below]

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Wow - volume is really picking up. HUGE buys from TD. What I'm curious to see is, if the share price approaches 45 cents, will the single sell order of 500,000 shares at $0.45 disappear? I suspect that someone is trying to supress the share price. I can't see a sophisticated trader actually trying to sell 500,000 shares all in one go and leaving a sell order on the books. That ask of 500,000 at $0.45 could simply be to scare off others and keep the share price low.

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Comment by mithril56 on Aug 13, 2024 3:06pm

To add to my thought of someone supressing the price. There are currently just over 133k shares being shorted of LME. This is the most number of shares being shorted since Nov 2022. So I believe more than ever that the wall of 500,000 shares for sale at $0.45 is related to the increase in the number of shorts. That person is highly incentivized to keep the share price low ...more

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