Stop Whinning PEASANTS!Most posters on this board are simply poor souls & peasants and that is why I don't post regularly anymore. They whine and cry and cry.... This is investing and if you can't handle the shock then exit.
This is a speculative high risk reward stock and that is why it trading in pennies. If you need established stock, move your arse to buy Exxon, Chevron and other larger caps.
I currently own 2 million shares of LFD and does not mind the latest dilution because we need the money to execute our business plan. the suckers are selling at 23 cents and later they will be crying when the stock goes higher or happier if it goes lower.
I am a gambler and when you invest in speculative stocks, you are simply gambling. If things turns out postitive, you will benefit with huge returns otherwise you would be wiped out. It is not a game for poor souls!!
After all DD to date, I have avoided other KRG juniors and invested only in LFD because of the following facts:
- Genel their partner has hit oil in all there leases in IRAQ and has a first class knowledge of historical information that most poor whiners on this board
- GENEl reported the finding on well C7 to be commercial and LFD management had reiterated that C7 flowed 5000 bopd.
- The well C10 they will drilling in June is one of shallowest well to be drilled in KRG and if they hit as speculated, would result in one of the most profitable fields in KRG because of the lower cost of developing the field.
Nobody knows for certain what the outcomes would be but with reasonable analysis of available data, one can deduce that LFD is not the same as wildcat like VST. LFD has changes backed by historical wells!!
If you can't handle it sell your shares for pennies and move on. I bought some last month at higher price in the range of 25 to 29 cents. I will be buying more at current price. You make money by making Long & short bets on what you think would happen. For me, I am making long bet on LFD because the chances are there. This stock can easily become a $1 stock if events turn positive!!