Long Run Explor Ltd Ord WFREF

RE:RE:RE:More delays

[wilwal]

There aren't any shenanigans here other than they won't admit that funds are the real problem and in order to make a delay possible, they can't reveal that it is about financing difficulties.  Technically they probably aren't lying about Investment Canada but they are using it to skirt the agreement so that they can do a legitimate delay. As far as I know, this is not a 'subject to financing" deal.  The poster here who claimed he had the Chinese news report that indicated they were short 1.2 billlion yuan is looking accurate.

While a recovery in oil is shaping up, natural gas is not and it's difficult to imagine that things could turn around swiftly enough in 30 days that Sino can find the 1.2 billion yuan that they are short.  Obviously Sino wants to close it and hopes to close it because if there was no hope, they would have walked.

So here's the bet:  Sino has had 5 months to find investors and have come up short by about half. What are the odds they will be successful in the next 30 days?   Anyone who bets on success will probably have a chance to go for it on a pullback Tuesday.  Risk/reward should be higher on Tuesday.