RE:RE:RE:RE:RE:RE:the funny thing is they are just going to assume lre debt BlueCollar51: Your perspectives & insight have sure went downhill from the usual insights you used to post. With market response negative & downgrades & the Lenders mute on the subject offering no wiggle room – the deal was doomed to failure & the Bankers knew this full well. Why you don’t see this beyond me. MIE in order to raise capital needed a positive market response (well known at the time was falling oil prices of which they were aware but future outlooks were rebounding). With positive analysis, Bankers approval & support & upgrades, it is a given LRE share price would have increased & MIE would have been able & was willing to raise the capital for this venture. This positive is needed whenever raising capital – there has to be a show of support by the players who have a stake in LRE. I still remember that interview of Andrew on BNN – instead of seeing an exuberance of enthusiasm we ee a pathetic old man.
Why this support was not coming I can only contribute to market manipulation to the deal’s doom.
I did not say for certain that Andrew & the present BoD would stay but here is what I read & from the previous agreements with MIE I interupt this to mean that they are staying on & is state that:
“...The Transaction will be of benefit to Long Run, its stakeholders and employees and Canada. Long Run understands that the Purchaser's plans for the Alberta-based business will provide long-term benefits, including maintaining Long Run's head office and management in Alberta, enhancing capital expenditures and ensuring employment for Canadians in the continuing operations of Long Run...”
Read more at
https://www.stockhouse.com/news/press-releases/2015/12/21/long-run-exploration-ltd-announces-plan-of-arrangement#IUD5Ylhj5JXS2oSf.99
So if operations remain the same ergo it is suffice to say productions levels remain the same; office (internal) structure to remain the same as I interpret it to mean; debt owning remains the same – it begs the question: “If LRE could not survive under these conditions, how is to survive with Banker approval by changing ownership.” Like I said before; the CEO Andrew & LRE BoD are being rewarded for their gross incompetence if that’s what you want to believe.
There is no high road I can take. How you can justify & defend the Red Communist Chinese you are truly brainwashed. Red China is exactly what it is – a COMMUNIST TOTALITARIAN STATE & your lackadaisical approach & understanding of Communist Red China in comparison to Canada is as I stated previously; proof that the Canadian educational system is failing.
It’s not my intention to change your political views, I’m speaking as a LRE shareholder. Give us shareholders the option of either selling our shares or keeping them since, LRE is remaining the same Company with even as I interpret it “the same name.”