Long Run Explor Ltd Ord WFREF

RE:RE:What is the debt situation?

[Sultan77]

Reflect, thanks for the response.

When 160K trade volume is enough to influence the share price, it's quite telling how fragile the average investors confidence is in the company.

I agree with you. The deal with MIE doesn't look good no matter which angle you look at.
However with bankruptcy we will definitely get "zero" as LRE has more debts than assets.
So it appears we have no real alternative and most shareholders will vote "YES".

Unless the oil price recovers to around $60 by Feb/March next year, I will have to kiss goodbye to the money I put into this. Here's hoping it gets there for the sake of all of us :).