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Longford Energy Inc V.LFD



TSXV:LFD - Post by User

Post by Dave4444on Nov 30, 2010 9:01pm
243 Views
Post# 17780542

All you optomists with big price forcasts

All you optomists with big price forcasts    
seem to be missing something.  Now what could that be?  Oh yes, LFD has no money to drill the wells with, thus at some point they will have to do a huge financing with big time dilution and issue shares to friends and supporters far and wide.  The only question is at what price.  Well that depends on what the people in power want, do they want to issue a bunch of at 20 cents or 50 cents, that is the big question.  Take a look at OYL, earlier in the year it was trading at $1.50 with big oil targets but no money to drill.  The people in power drove it down fast to 50 cents to do a huge financing, and it has since recovered to about $1.00.  Sometimes stocks get financed up in price, but more often it is down.  At this point in time you need to sit back and watch for that financing and the price.  Then buy a bunch as close to the financing price as possible.  If they raise enough cash to drill, the price should rise from there.  JMHO
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