LEVEL 2 AWARE OF PP????Hello Everyone,
Level 2 at Toronto Stock Exchange website shows that there are 1,049,000 shares for sale compared to only 232,500 shares to buy at 13 cents.
This indicates serious trouble ahead for LFD as there is only 1 buyer for every 4 sellers.
If I were you, I would SELL, you are not dum, why risk it? It all looks certain that PP will be done at 10 cents.
This PP will have to be huge maybe somewhere in the 300 million to 500 million share issue, which would be enough to give some funds to LFD to pay PSC and, enough to drill.
Say, we go with 500 million shares issued by 185 million o/s gives you 685 million shares.
With successful drilling LFD would be able to hit 30 cents, looking out perhaps in 12 months?
JMHO
Delayed Market Depth By Price Summary
Last Market by Price Update: 19 Jul 2011 16:10 ET
Instrument Name: Longford Energy Inc Symbol: LFD
The market data displayed is provided on a 15-minute delayed basis and we do not guarantee its accuracy or completeness. Please refer to the date/time stamp above to obtain the age of the data in this table.
| Orders |
Volume |
Price Range |
| 10 |
232,500 |
0.130-0.150 |
|
| Price Range |
Volume |
Orders |
| 0.160-0.180 |
1,049,000 |
15 |
|