Excellent Entry PointLFD offers an excellent entry point for me in the current range of .30-.40
I will continue to accumulate and accumulate even more as it drops to the low 30s.
The potential with LFD is staggering. Just need to get the seismic and drill program happening.
I foresee a PP bought deal coming soon to finance the full drill program. The way I see it, simply my opinion, an investor will come in to finance the drill program in exchange for a set price with warrants, and the investors will either be ones we have already seen or some new ones that do not want to be left out of a potential billion barrel find. As peak oil becomes a reality with declining conventional reserves and demand holding or increasing, LFD's current SP will be considered an extremly great buy within 8 months....IMO of course and as always do your own DD.
Enjoy and for those longs, be patient and prosper.