Long Run Explor Ltd Ord WFREF

RE:RE:RE:RE:RE:RE:RE:When to start a position on LRE?

[canne]

I hope you are right and the board of governors thinks the same way. The CEO is walking a fine line these days as he has to deal with the major shareholders of this company and (if Sprott is still a substantial owner they will try to look "less bad" in this downturn) and the longer term financial requirements. Seems to me it is prudent to have a little in the kitty rather than have to scramble in a years time. I keep getting skinned by this industry and it seems one will never learn all the lessons as the boundaries seem to constantly change and the speed of the changes gets more rapid. We will keep needing oil in the short and medium term but with changes in technology, political intervention and huge financial manipulation,one is hard pressed to stay in front of the changes, this goes for both management and investors. There is a great dicotemy in the markets right now, on one hand the broader market makes new highs every day and on the other hand the oil sector and broadly the energy sector is in a deep bear market as is coal, iron and other vital resources.