Long Run Explor Ltd Ord WFREF

RE:RE:Why Longruns days are numbered

[99999gold]

JohnJBond wrote: It is not unusual for bashers to appear on internet message boards, shortly before a takeover offer is announced.

If there is a take over offer in play, management will be prohibited from buying or selling during the negotiation period.

I've been watching the insider trading reports, and according to TD's version, the last public market transaction by an insider was on Sept 10, 2014 for 4.96 and 4.97.    Prior to that, there were multiple buys in the $5's.    I find it very interesting that management has not been buying at the current low prices.     Since they liked the firm enought to put their own money in at $5, one would think at least one insider would like it even more at close to one third that amount.

So far we have the emergence of negative bashers who appear to have no holdings in this company, and the absence of insider trades.   (I can only speak for myself, but I do not spend any time writing on the bulliten boards of companies in which I don't hold a position - for example, I don't hold any blackberry shares, nor do I follow the company, so why would I post on the blackberry board?   The short answer is I wouldn't - people just don't have time for that sort fo thing).

One wonders what's on the horizon.

For example, an offer of $50,000 per flowing barrel (cheap for 50/50 oil/gas), gives an enterprize value of about  $1.9 billion.    Subtract the 700 million in debt, and that leaves about $1.2 billion, or $6 per share.

When the market price is sub $2, a $50,000 per flowing barrell, or $6 offer might be successful.

I`m just speculating, but you can see why.

with all due respect and I know you said you're speculating - you're delusional. Its' funny that you also threw "it might be successful". 

see what's happening to nat gas? done as well.