Long Run Explor Ltd Ord WFREF

highest volume trading day since March 1

[uograd]

No doubt some sellers are taking some dough off the table.  For me .48 was too much too resist so I picked up another 20,000.

Not sure this will close by the end of next week but don't think it will be too much after that.

[QUANTUMJUMP]

IR reply today was the same , they expect it to have closed by months end Guest on BNN expects it will close

[PUNJABI]

Why there is delay in the last approval & they are raising the money at the last minute. Only one week left they do not have the last approval & all the money to pay for the deal.  I have a feeling that this deal is not closing in one week.

[darkstream]

LRE could probably turn it around themselves if oil got over $45 and stayed above -this deal is still in limbo and will not happen

[BlueCollar51]

Long Run could not survive with $60 Oil how would they be able to turn things around with $45 Oil?   If this deal doesn’t close the most likely next step would be a CCAA Creditor Protection Liquidation or Recapitalization.   In my “opinion” the odds are quite good that the Deal will get done but it’s not Guaranteed!   IT’S NEVER A DONE DEAL UNTIL THE MONEY CHANGES HANDS!  

[yetta]

Still  low vol for a penny stock. Just nervous retail investors after seeing news out of China and reading negatives into it cuz it's human nature to do so. Makes me laugh out loud - hold all these months and with just a week or so to go, they get scared out of their shares and leave $$$ on the table.

[QUANTUMJUMP]

It is actually bordering on insanity , the news ??   raise up to 2.3 billion yuan ($354.06 million) in private placement of shares to fund project, acquisition, repay loans and replenish capital REPLENISH CAPITAL !!  WOW imagine that  From day one LRE has made this clear , as they did today  "We continue to expect that the Arrangement will close, as announced

[Reflect]

The only thing LRE mgt. has made clear is that they are a bunch of two faced liars. Still hoping the deal with the Chinese falls through. Still find it hard to believe that the majority stockholders are settling for such huge loses.