Long Run Explor Ltd Ord WFREF

RE:RE:RE:RE:RE:RE:RE:changchung sinoenergy down another 8.74% last night

[wilwal]

I understand that the capacity to close the deal is not part of IC's parameters.

I think you are quite right that negotiations to extend might not start until IC approval.  Regardless, as I have stated before, the risk here is not IC's approval as this is a slamdunk positive for Canada (positive for the banks and oil patch employment), but Sino's ability to close is the risk.

I highly doubt that Sino wants to walk away from the $20 million in escrow so if the deal collapses eventually, it will only be after Sino has done everything they could to close it.