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Bullboard - Stock Discussion Forum Longford Energy Inc V.LFD

TSXV:LFD - Post Discussion

Longford Energy Inc > Billionaare Soros smart money
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Post by maysteeler23 on Jan 06, 2011 7:21pm

Billionaare Soros smart money

Bet with the biliomaire. Trust me that he did his homework
Comment by digits on Jan 06, 2011 7:48pm
LOL .... Trust you? What a frikin' joke.Just ask EOIM what happened to SRU "investors" when they followed fellow gazillionaire Seymour Schulich. Trust me ... Soros can dump his shares all over the little guy just as fast as anyone else.
Comment by digits on Jan 06, 2011 8:52pm
"George Soros has made his mark as an enormously successful speculator,wise enough to largely withdraw when still way ahead of the game." - ( Excerpt from Wikipedia)Hmmmm .... wonder how far ahead of the "game" he is here already. BTW .... the stock everyone was was pumping the crap out of using Seymour Schulich as a carrot? Down to 6 cents today.Yep yep yep. Quite the ...more  
Comment by good40 on Jan 06, 2011 8:55pm
If he has billions,  why didn't he offer the cash for the extra 20% working interest ?  Instead they mortgaged the farmand had to agree to a (ahem) 40% royalty rate.  That's a 40% royalty rate,  where all others with cash negotiated a 10% royalty.
Comment by digits on Jan 06, 2011 9:01pm
Good question. It would be a pittance to him. The question also opens up other questions about his real intent here. The old PT Barnum adage applies here methinks. And he knows it.
Comment by Baxter4 on Jan 06, 2011 9:14pm
and had to agree to a (ahem) 40% royalty rate.  Goofy seems to be having troubles with his throat lately. I guess it must be because he has to keep swallowing his pride and instead posting as his overseers pay him to.Longford had negotiated a 10% royalty when they had a 20% WI. They then agreed to a 40% royalty but with a 40% WI. Do the math. Under the new royalty structure they have to pay ...more  
Comment by Vic_Money on Jan 06, 2011 9:22pm
"biliomaire".   Someone obviously didn't do their spelling homework.
Comment by maysteeler23 on Jan 07, 2011 1:19am
The Generl Energy statement about the LFD block being commercial, is just 1 of the reasons Soros owns 15% of this play