Long Run Explor Ltd Ord WFREF

Odds update

[Froyalmac09]

There are mainly bears on this board who don't think it has a chance. Last year I did fine on carfinco completing its deal. Based on stock price it looks 50 50. Buying now at 30 gets u 52. If it deal falls apart probably be able to sell at a nickel. Upside 20 downside 25. Anyone know if Sprott is ok with deal. Then we just have deal risk and regulatory approval risk. I think regulators will allow this given market weakness. Anyone betting on this?

[UppersDowners]

even at .52 we are being robbed.

[uograd]

Yes Friday will likely be the day that decides things here.  Last Friday was the day of record for the shareholder meeting for February but the real news will be if the banks give their approval on Friday which clearly means they know who  the buyer is and have a strong feeling they have the dough. Right now it is 50/50 for sure.  If you load the boat at .30 you make a nice pile at

[Reflect]

Uograd I have trouble understanding your logic. There was a deal on the table for 100 mil between MIE & LRE with 10 mil in escrow.  All was needed was the vote. LRE reneged this deal & returned the 10 mil escrow (which I say is embezzlement)  for  a maybe yes or maybe no deal & need the banks approval if there is a maybe deal. I think you better do some dd.

[uograd]

Lre never walked away from the MIE deal!!!!!!!!! Have you lost your fricken mind?????? Mie could not raise the dough and contractually LRE had to give the money back.  Nothing difficult to understand about that.  Embezzlement what??????  Don't use words you don't understand. Shareholders can vote all they want, if the other side doesn't have the money there is no

[Reflect]

uograd you are a retard; Before you shoot your mouth off you better know what you're talking about. Take another bullshi pill. Moron.

[Shlinker_]

Reflect, i agree with some of the things you say, but Uograd also makes sense. The fact is no one knows what the truth is. We will find out in time. All i know is we've all lost money gambling with Andrews. He's the one you should be calling a moron.

[Reflect]

Coming up with the money in the second deal was not a condition. If MIE did not come up with the money for the deal, the deposited 10 mil in escrow is forfeited to LRE. Andrew & the LRE BoD embezzled 10 mil; it was not their perogative to return the 10 mil to MIE. They stole the money from LRE.

[uograd]

well what can I say when you are right you are right. Clearly I am a retard and a moron if I don't understand that by returning the $10 million to MIE that was in escrow I might add that is now called embezzlement. I thought I knew the Queen's english but I guess they have changed the defintion of embezzlement at some stage and never told me. I do miss not seeing  Letterman on on

[Reflect]

Shlinker; yes I am very upset with Andrew & the LRE BoD & have voiced it many a times. But I'm not out to twist or distort info or spread false rumors. The second deal with MIE was negotiated & recommended by LRE CEO Andrew & the LRE BoD & credit facilities were ammended & approved by the lenders with the 100 mil to be applied to the debt. Also, to further credibiltiy,

[richc3]

Personally, I'm more worried on the China front rather than anything over on our side. Here's a blog entry I was glancing at over the weekend  "China Banks Seem To Be Doing Whatever They Can To Avoid Paying Anyone In Dollars"     By Dan Harris of China Law Blog Getting Money Out of China: What The Heck is Happening? Regular readers of our