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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

Laurion Mineral Exploration Inc. > Staying the course
View:
Post by DouglasGVass on Jan 16, 2025 1:47pm

Staying the course

LME shareholders,
As we approach the AGM I want to point out that Cynthia has reached key milestones and goals over the past seven years while keeping the treasury flush with cash.  Proving out an attractive junior gold mining company in one of the best jurisdictions in the world continues to be the plan.  Engaging USCGP with the goal of sourcing, facilitating and executing a strategic acquisition is a process that takes time but progress is being made.  As an investor I want a transaction to happen asap but I also understand that certain things are out of our control.  We are in control of taking steps to prove out the Ishkoday as a world class mining asset.  As the largest shareholder and CEO, Cynthia has kept her promise to organize and orchestrate a robust exploration program each year with the goal of creating more shareholder value.  As a large shareholder myself I am confident that the "true" value of my shares in LME has increased every year based on key milestones, discoveries and achievements by the LME team.  The last two drill results were stellar and have proved that more high grade gold veins exist on the expansive 57sq km property.  I look forward to seeing many of you at the AGM and hearing Cynthia talk about our path forward in 2025.
Comment by Wmaver on Jan 16, 2025 1:57pm
AKA get your dissapointment out now.  Come to terms with a beautiful setting for a standard AGM meeting. but also be preapred to be encouraged as you hear that things are awesome, and heading exactly where we want them to head in 2025!
Comment by Sheerms on Jan 16, 2025 2:01pm
Hey Doug, Will the AGM be streamed online for us who cant make it to Victoria? Thanks
Comment by BayStBu11 on Jan 16, 2025 4:31pm
Very disappointing update but right on cue for LME. IMO "True Value" is the price that LME is listed for on the venture exchange. Which happens to be -18.10% since Jan 17 2024... 
Comment by GoldenBull999 on Jan 16, 2025 5:03pm
the true value is the SP until the day a transaction occurs...the fanciful words and praise for Cynthia does nothing to evoke confidence to anyone outside this tiny stock forum and her family and friends (which I assume are just as annoyed as everyone else) I would also not consider ANY of the yearly drill programs to be robust, but overly careful.... Is everyone here comfortable losing money not ...more  
Comment by Emeraldearl on Jan 18, 2025 9:42pm
Well said golden
Comment by joar8888 on Jan 16, 2025 6:39pm
Doug can you advise if the AGM will be live on line like last year? Thanks
Comment by DouglasGVass on Jan 16, 2025 10:13pm
  Yes there will be a Zoom link that we will post here next week. 
Comment by keen2know on Jan 17, 2025 2:10am
The drilling program has been minimal. The true value is proving the gold and not enough drilling has been done. Too much emphasis on cash in the bank and too little on gold in the ground. 
Comment by GoldenBull999 on Jan 17, 2025 9:17am
perfect storm with all this nonsense and the SP will now be under .35
Comment by Wmaver on Jan 17, 2025 10:46am
haven't seen any level 2 recently,  but it seems the support is pretty thin right now.... at least those who want to sell, are not selling much lower than 40c!
Comment by Stepinup on Jan 17, 2025 10:46am
Is this Cynthia's swan song, sit on a property for years and years and do a small drill program to save money in the bank? The smaller scale drill program may be due to innovative techniques being used to map, so drilling can be reduced.  It has to be much closer to a mine than we realize. I believe private equity won't wait 5-7years for more drilling before building a mine. They ...more  
Comment by Stepinup on Jan 17, 2025 10:46am
Is this Cynthia@s swan song, sit on a property for years and years and do a small drill program to save money in the bank? The smaller scale drill program may be due to innovative techniques being used to map, so drilling can be reduced.@ It has to be much closer to a mine than we realize. I believe private equity won@t wait 5-7years for more drilling before building a mine. They would want ...more