Longford Energy Inc V.LFD

When all is said and done

[good40]

It appears the price has fallen to about a 25% discount to the financing price. Happens frequently which I've stated quite a few times.

[Kurd30]

Hi good40,You have been the most accurate poster on vst and lfd by far. Many people on these boards chastised you for your analysis, but a lot of people also appreciate your counter points with the pumpers.  How do you see lfd at current prices?

[good40]

It's a Canadian junior,  pre-first spud... nothing to do with value,  everything to do with money. Short position is covered... depends on TD and Anonymous as usual.  In my opinion,  they can manage the market any way they want.  A reasonable guess might be that there's more room to the upside than the downside. It's certainly not one of the most

[jlmans1]

Good40Seems after all is said and done, you read this play very wellWhats your opinion going forward. i hold more shares than i'd like in this one and dont like lack of cash/debt and political instability. But, am willing to hold out for a while longer before pulling plug.Whats your prognosis ?

[EOIM]

I can bet 100% that GOOD40 did not make any cent on  LFD even though his past call seems to be reasonably correct so far. He lacked the guts! He also did not short LFD and so made no cent. Maybe, he is buying now at this  low. Management needs to be screwed big time for theie delay in executing this play................

[EOIM]

I am deeply under water and is slowly averaging down ....................Management has spent more than 4 years so far on this play and keep postponing drilling................

[Kurd30]

The fact is EOIM, many posters (including yourself) were constantly stating that anything in the 0.30's was a great buying opportunity.  Good40 said it was expensive.  Up to now, he has been far more accurate than you, Maysteeler or Taxdemicco.Anyone who "loaded up" at 0.30 and above is down significantly, with no guarantees that it will recover.

[Kurd30]

The only people who will be screwed at the end of the day are the shareholders.  The management baboons will get paid, success or not.This project has been handled like a joke, almost impossible to believe it.

[jlmans1]

What you say is very true, sad but trueI think Good40 called it right and looking back he called it best. Although must be said management's lack of progress helped his 'cause'His facts were spot on - no cash, dilution coming, debt owing to KRG, SP will fall due to dilution and warrants will never get excercised. His other predictions about profit share once oil found and how much

[jlmans1]

in my very unprofessional opinion, this company needs cash and lots of iteasiest way is to dilute at 10 - 15 cents, private placement - give certain people, your buddies and management team cheap shares with warrants at 20 cents or 25 cents, share price goes down to 10 cent range for a while.raise enough cash to hit a bit of oil, share price goes up to 40 - 50 cent range . buddies make 200