Long Run Explor Ltd Ord WFREF

RE:RE:RE:Yield

[99999gold]

ppp wrote: IMO they won't touch the div till the hedging comes off.  By my back of the envelope calculations they are at about 50 mil CF with out hedges at todays price for oil and gas. 

they should really eliminate it, thats 35m in the bank. this is the time to be prudent and clean up the balance sheet for the sake of shareholders. 

Does 1.75c/share really matter to shareholders now that a ton of wealth has been wiped out? the market actually don't even believe that they can sustain it and/or telling them to get rid of it. that's why it keeps on trading lower, investors are willing to give up the div, sell the stock and save whatever that's left.

there's no logic in them to continue to do so - are you meaning to tell me I can enter a long position here and buy 213,000 ($250000) shares and collect 3500 a month or 42000 a year? I'm using those numbers because that's how much cash I have on the sidelines and I must admit those are attractive returns but I simply don't believe that its sustainable - if it's too good to be true then.....