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Longford Energy Inc V.LFD



TSXV:LFD - Post by User

Comment by Fnordon Jan 08, 2012 3:13am
281 Views
Post# 19379622

RE: But if I Was HAYWOOD !

RE: But if I Was HAYWOOD !

Yeah, with Taq Taq, Genel is not actually interested in production but want to gobble up land.  And they have a big wad of cash in their pocket for that purpose alone.  I think they have no intention of messing around.  They don't want to risk a bidding war on LFD or on the Chia rights by making a crappy offer that the shareholders reject (assuming they plan to buy LFD and not just buy part of their interest in Chia).

That said, the backers of Genel didn't get rich by throwing money away, and Genel probably won't offer any more than they have to in order to get shareholder approval etc.  That is assuming there wasn't a bidding war with a third party.  If there was a bidding war, we could get a nice premium.

Predictions are a dime a dozen, but they are fun anyway so here's mine.  I'm going to say
.25-0.35 range for a buyout unless there was a bidding war behind the scenes.  Of course I'll be happy to be wrong and to see >
.35, but I'm not holding my breath.

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