Investor Presentation.....
Hello Everyone,
Given that we now have a new flock of investors who probably did not DD except to listen to their broker here is an investor presentation which will detail what you purchased:
https://www.longfordenergyinc.com/files/file/Longford%20Presentation%20%20May%209%202011.pdf
For those dummies whom are too lazy to read here is a brief summary:
1st hole to spud early July 2011 (CS-9)
Recent PP at 25 cents gaven them $ 15 million to spend on 1st hole
Purpose of hole is to confirm 5,000 barrels of oil per day that were drilled in 1936
If confirmed, oil production will comment in November 2011 to bring cash to LFD.
2nd hold to spud in early January 2012 (CS-10) to target deeper levels.
Resource report confirms a best estimate of 1 billion barrels of oil in place
Past historical drilling confirmed commerical grade 41 API oil
Soros purchased 15% of LFD shares at 30 cents, warrants at 65 cents for September 2011
Ahmed, CEO, purchased 500,000 shares 2 months ago at 37 cents.
Insiders purchased at same time as Soros and have warrants at 65 cents for October 2011
PSC contracts with Kurds are being honored by Iraq
Sister company VST is to provide log results end of June/ Early July, possible oil discovery
Competitor WZR is to provide log results end of June / Early July, possible oil discovery
Stock price hit in January / February 2011 a new 52 week high of 46 cents on massive volume. Stock has sold off every since, hitting new 52 week lows. Most of the selling has nothing to do with fundamentals since LFD is in much stronger position today. Selling is most likely associated with some sort of criminal activity, either illegal naked shorting or, illegal hedging practices, or simply by drillers selling all oil resource stocks to buy the oil barrel itself.
This illegal activity will come to an abrupt end, hopefully soon. I believe that the stock is now in the stock hands of criminals and hence I expect a sharp rally since crime does not pay but, does collect nice juicy rewards.
Question is: Who will start the domino effect first. All it takes is one big order on the buy side and, avalanche of orders will come in as investors follow whom will not be the last person to tag the poney on its tail.
PS: Careful of the following posters whom wish you harm: good40, kurd30 and hhoc.
JMHO