GREY:LSTMF - Post by User
Comment by
orlandoflon Jun 30, 2016 10:34am
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Post# 25012081
RE:OTC Liquidity_LSTMF
RE:OTC Liquidity_LSTMFwhen2buy wrote: orlandofl wrote: added 30K shares at a little under $0.15 USD - just increased my position a bit - at 80K now - may get 20K more and then see what happens. I think oil might go higher all of the volume is my purchases - 30k SHARES - LOL
OFL... I have to admit I'm a bit surprised you are back in this name given your posted losses but I noticed you've gone back in purchasing OTC.
At this stage that seems even higher risk than buying on the TSX given the lack of liquidity LTS (LSTMF) has chronically had on the OTC but even more so now.
On the TSX, you could either be buying with $USD or open a $CDN account.
Curious why you chose to get back in on the US side? even though you believe they will get financed.
just easier to deal with OTC - if they get funded they could do well if oil rises in price - if not they'll still be very challenged a the reduced production levels if they can't work deal with debt holders. I am just bullish on oil and 80K shares is a small amount on this stock. i am heavy in VET and CPG and getting heavier in BTE so LTS is just a small holding - I may go up to 100K, but that would be it and I know it could go to 0, but I think they can pull out of this - haven't talked to management at all so I am just speculating - I am bullish on oil right now and I think they can pull through and maybe a double as a result of pulling through and if oil sees $55 or $60 before year end they could be worth more.