Highly prospective exploration company

Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.

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Message: Re: What's up with Lamalee??
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Icon president What's up with Lamalee??
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luker
Jul 04, 2014 11:42AM

fun with math...

...if Lamalee (LIR) was to increase by a mere 2 cents or so and stay at ~$0.20 , and FNC was to remain at $0.06, that wouold create an interesting theoretical arbitrage opportunity whereby one could indirectly acquire ~45 million shares of LIR at less than market price..plus the acquirer would get the CHM and ~$3million of Argex shares to boot. Then, by liquidating those RGX shares one might theoretically be able to purchase another 15 million shares of LIR. ..that would give them 60million of the total 77 million shares....

Cheers,

Luker

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