DETAILSHello Everyone:
A few details:
a) Order imbalance continues on the buy side at level II: 1.5 million shares to buy (27) buyers versus only .2 million shares to sell (7) sellers
b) Per financials, LFD needs $ 20 million to drill 2 holes at Chia property
c) Per financials: LFD can raise money by FARMING OUT percentage of land
d) Per financials: $ 7.5 million raising in June 2011 was used as follows: $ 5.5 million to acquire exploration property and, $ 2 million was currency conversioin. This was to add to portofolio. Expenses for business are about $ 500,000 per year so no big salaries as some speculate here.
e) Price of oil is soaring now almost $ 94 per barrel of oil, so these projects are heating up again.
f) Operational update should be imminent if one were to believe what LFD promised.
JMHO