RE: RE: RE: All you optomists with big price forcaWell for starters they're warrants, but that's semantics I suppose.
Not sure why any post with a differing view is immediately deemed a basher. I think financing is a valid concern with most exploration companies. At least, that way it's something people are thinking about. From LFD's October presentation, here are the warrants outstanding:
Warrants outstanding:
75,000,000
Exercise Price:
.75
Expiry Dates:
07 Jul 2011
Warrants outstanding:
9,500,000
Exercise Price:
.65
Expiry Dates:
20 Sept 2011
Warrants outstanding:
4,166,666
Exercise Price:
.65
Expiry Dates:
14 Oct 2011
Sumeroil, to your point they'd have to be in the money and somewhere around $1 would seem reasonable before anyone considered exercising, otherwise what's the point? Will the stock triple in value based solely on the seismic analysis in order to finance a well? That would have to be some pretty darn good results to push it up that high without even spudding a well and having some test data to back it up.
What if they dust that well or they have similar issues with drilling the well like VST?
I definitely think LFD is on the move. The last couple of months it's been hitting new highs, retreating a bit (to higher lows), before advancing to new highs. I think the 0.40 cent range by year end is a reasonable expectation. But really those warrants likely won't be in the money until they have a well and with good results, it would then put them "well" in the money. :)
JMHO