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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 BlueCollar51on Feb 19, 2016 6:46pm
276 Views
Post# 24576871

RISK / REWARD

RISK / REWARDSome posters on this board are questioning if the odd are good that the offer will be accepted and the transaction successfully closed why isn’t the LRE share price 50 or 51 cents.
 
Ask yourself how much you would be willing to pay for LRE shares today knowing that although the odds of the offer being accepted are good there is no guarantee.
 
Assuming that the offer is accepted in the “Best Case” the money will not change hands until late April. It is possible that it could take longer for the transaction to close if at all. (There is no guarantee)
 
More often than not if you have a question all you need to do is look at it from the other guys perspective and you can answer it yourself !!
 
NOBODY (rational) assumes a risk unless the “potential” reward is attractive !!
  
As Always; Do Your Own Due Diligence; It’s Your Money !!
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