GREY:WFREF - Post by User
Comment by
can1on Apr 09, 2014 10:15pm
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Post# 22433213
RE:the news--22-million new shares at $5.10--
RE:the news--22-million new shares at $5.10--I've been painfully dealing with the emegence of LRE as an up and comer. I do not believe it will drop to $5.25 The shares will be put into "A" accounts. Good luck phoning a broker you barely know and getting any. This is either a turning point in which LRE grows up and becomes a big boy in town or becomes street worn. Its been a slow journey, I like the big crosses we saw in the last month, I like the chart\ and I like the support.
This might come out of the chutes tomorrow with strong support.
Remember, Sprott controls a big chunk and National the main underwriters (house 80) absorbed plenty of shares this month. I guarantee you they have a big say in where shares go. Add cormack and you have a well placed "friendly" offering.
I feel a good run coming on. Finally.
If not..... The Bill Andrews statue project in PEI never gets off the ground.
$5.90 or $6.10.......