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Long Run Explor Ltd Ord WFREF

"Long Run Exploration Ltd is engaged in the development, exploration and production of oil and natural gas in western Canada."


GREY:WFREF - Post by User

Comment by 99999goldon Dec 02, 2014 12:41pm
259 Views
Post# 23186082

RE:RE:RE:RE:Why Longruns days are numbered

RE:RE:RE:RE:Why Longruns days are numbered
JohnJBond wrote: Its worthwhile to note how fast my post was followed with a negative comment.

In my view, the faster the negative response, and the more negative the comment, the greater the likelihood of something interesting going on behind the scenes.

I also note that before announcing a takeover, the acquirer will purchase just under 10% of  shares in the open market (or about 20 million shares in this case) - the threshold for announcing transactions.  

Look at the recent volume.     


john - there's nothing going on behind the scenes that I can guarantee you - no management team can act quickly enough pick up a phone and say buy us out at 6, 5, 4, 3, 2 or whaever number you wish. Think about that for a second - who would entertain them? any company that entertains it will get beaten down. 










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