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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 Planthouse on Jan 08, 2025 9:56am

Positive signals

Just wanted to outline some of the positive signals lately and try to explain my thoughts about them from a glass half full perspective to balance out all the glass half empty takes.

1. AGM in Victoria

This has already been explained, but do you really think they have the AGM in Victoria if there wasn't something significant on the horizon? They had so many other options and Cynthia isn't one to waste money. They obviously do want the F&F ownership to be high. So, getting them to fly into Victoria with nothing to show for it will just make the F&F angry... wouldn't make sense to do this without expectations of good news.

2. F&F ownership increase

This is newer information, but it's significant. Since the announcement of the AGM, F&F have bought more stock. Not sure how the downers will spin this negatively, but I can only see it as positive. 

3. Drilling deep

We've all seen the USCG document at this point. The strategy is to extract surface deposits then move to underground mining. The latest drill results support this. Actually, after looking back a little bit, it seems like they only started drilling deeper in 2023. This timeline aligns with the switch to the current BO strategy. 

Additionally: Stock volume

Lots of chatter about stock volume and the fact that if there was a BO coming, there would be more of a run-up. I believe this will not happen with LME. Most companies do not have this amount of F&F already invested. Who does everyone have left to tell? Plus, with what happened in 2022, why would non-believers believe now? The F&F are regular people who are all experiencing the inflation squeeze too. How much extra money do you think they have? Most bought in below 20 cents a share, I doubt they want to pay double or triple with what little extra money they have left, no matter what is potentially incoming. 


P.S.
I was curious about announcement timing, so I looked into it a bit more. Apparently, companies can delay announcing material information if it is prejudicial to its interests. This can include disclosure delays if they reasonably believe it may drive up the price and destabilize negotiations or financing in any way. Caveat is if things are finalized, then it must be disclosed no matter what. All to say, I'll stay optimistic about a BO until the AGM.

Comment by Wmaver on Jan 08, 2025 10:04am
i'll give the F&F negative swing a go..... They were like man, we got nothing again this year.  Hey brother or sister i need you to dig deep and increase your ownership to give people positive vibes.... because if you sell then we are all screwed....
Comment by ogey14 on Jan 08, 2025 1:43pm
Sorry Wmaver, hope you're being sarcastic because this is a stupid take.