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Longford Energy Inc V.LFD



TSXV:LFD - Post by User

Comment by coolrunningon Apr 15, 2011 3:45pm
301 Views
Post# 18439017

RE: RE: RE: Moving up?

RE: RE: RE: Moving up?I think a better question is what will the financing be at and how many shares issued.  I think they need about $25MM and even if they were to get $.30/share that is another 83 million shares out.  I don't see $.30, but I would bet it is around $.26/share.  I'm not sure if they would be able to place 90 million shares, so it will be something less.  They are going to need to have the money in pocket before they start drilling, otherwise the drilling cos. would not touch them.
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