Long Run Explor Ltd Ord WFREF

issuer bid

[qwqw]

LRE snapped up Crocotta for $48,000/boepd and $11 boe.
LRE is currently trading for  $25,000/boepd and $5 boe.
Why are they not buying back shares???????

[oreface]

Won't happen--now operating at more than twice debt to cash flow. Cut the dividend by 75% and revisit it in a year

[99999gold]

you really have no idea what you're saying or even suggesting do you? so if it's not clear - buy the stock with what money and does that take precedence than paying debt obligations. If LRE did what you suggest - they will get the carpet pulled underneath their feet - not clear enough? force to accelerate debt payments.  read the MD&A for the last 4 quarters. Even if LRE did do

[qwqw]

Funny how a company like LTS with less production and twice LRE's debt somehow finds $10 mil for buy backs during the last month yet LRE is ??????? Maybe if G&A wasn't the highest on the planet they could free up some funds.