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Bullboard - Stock Discussion Forum Longford Energy Inc V.LFD

TSXV:LFD - Post Discussion

Longford Energy Inc > Wait until results from WZR and VST
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Post by prairie08sheik on May 19, 2011 2:32pm

Wait until results from WZR and VST

LFD continus to slide.  Could it be that a lot are on the side lines waiting for results from WZR-any day now and VST-probably late June before committing any money to LFD?
Another person mentioned that they have $16M financing for the drilling.  Is that enough when one reads the type of drilling they have to do-WZR had loads of problems and such a long wait for VST. 
SNM seems to have some success.
Myself, tempted at these low prices but may only have to wait a few days to find out what WZR has or haven't.
Comment by taxdemicco on May 19, 2011 9:07pm
Hello Everyone,I will gladly respond to your question concerning why LFD is falling and, funds required plus time limit.You are correct that $ 16 million in insufficient funds.LFD needs $ 1.6 billion to drill first hole and, 100 years to complete it.   Say results will be in by 2111.    Would that work for you.Every day more and more dummies own LFD stock!!!!Perhaps you ...more  
Comment by ogod00 on May 20, 2011 10:38am
a more probable explanation could be that sane shareholders suddenly realise that they are holding a stock which has been bought by self medicating lunatics. Seriously are you here to make maysteeler look competent by comparison?