Laurion Mineral Exploration Inc. V.LME

Financial Statements out now on SEDAR+

[mithril56]

For those of you interested to know LME financial position as of Sept 30, 2024, take a read.

Something interesting I noticed is that the agreement with the financial advisor expires June 21, 2025.  At which point LME is entitled to have the $250k USD fee reimbursed if the financial advisor has NOT secured a transaction to LME's satisfaction.  

Also, Michael Burmi is the chair of the special committee.  From July 1 - Sept 30, 2024 his numbered company has been paid $50,000 in fees for his service on the special committee. I can only imagine this is because they have been working overtime to evaluate potiential BO options ;) 

And finally, not in the financial statements, but it would appear that Mr Burmi has listed his condo for sale as of 10 days ago.  Perhaps we're close to a deal and he's ready to upgrade his life??? This is me taking a wild leap of logic and trying to connect things that may or may not be related.

Anyhow, here's to being 1 day closer to the BIG BIG news we all continue to wait for.

[Neil68]

Thank you mithril56, Although it may be anecdotal, how do you know Michael Burmi has listed his condo for sale? Is there a link? TIA

[mithril56]

Out of respect for privacy, I'm not going to share specific details. But between reading the financial statements, doing a couple searches in publically accessible directories, I can tell you his condo is for sale.  

[JrGoldMan]

he is allowed to sell his house without spelling doom or victory for a mining stock       leave the man alone