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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

Post by ninjadearon Sep 09, 2015 6:02pm
169 Views
Post# 24090715

Finally read the LRE MIE article

Finally read the LRE MIE articlethe MIE seems to me like they are looking at just getting 44% take on assets when the bank wants the hundreds of millions.
on the bright side I noticed financials for other exploration companies that are sitting on 100 million in debt with no earnings per share. This seems the trend with the small cap, I cant get P/E.
Whats the promise in this company, other then 400m owed to banks in may.
New to this can someone please tell me why common shareholders own this one, any answers/ direction to how to find out about this?
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