Post by
Dave4444 on Nov 30, 2010 9:01pm
All you optomists with big price forcasts
seem to be missing something. Now what could that be? Oh yes, LFD has no money to drill the wells with, thus at some point they will have to do a huge financing with big time dilution and issue shares to friends and supporters far and wide. The only question is at what price. Well that depends on what the people in power want, do they want to issue a bunch of at 20 cents or 50 cents, that is the big question. Take a look at OYL, earlier in the year it was trading at $1.50 with big oil targets but no money to drill. The people in power drove it down fast to 50 cents to do a huge financing, and it has since recovered to about $1.00. Sometimes stocks get financed up in price, but more often it is down. At this point in time you need to sit back and watch for that financing and the price. Then buy a bunch as close to the financing price as possible. If they raise enough cash to drill, the price should rise from there. JMHO
Comment by
good40 on Nov 30, 2010 9:48pm
With these juniors, the price generally retreats 20 to 25% after a financing. In any case, there won't be anything to cheer about until 7 months after spud, which is not until next summer.
Comment by
sumeroil on Nov 30, 2010 9:56pm
dave4444, did you go through that as a shareholder of oyl?
Comment by
farml1234 on Nov 30, 2010 9:56pm
Dear Dave i may be wrong but you have to prove me wrong !I see where LFD has a load of options out at about 65 cents correct !!!Now if these people exercise these options LFD will have millions witch to drill their wells ! CORRECTPS good job trying to get some cheap shares tomorrow !!!!!!!I already got mineJMHO
Comment by
sumeroil on Nov 30, 2010 10:11pm
right, and to make these options in the money they will drive the stock over $1.seismic result will help that drive.probably it was dave4444 that took the profit at the last minute today, 60% profit!!