Post by
Dringwinzee on Oct 23, 2011 11:46am
News Coming on LFD Strategy
It appears that LFD management has been working on salvaging their interests in Iraq and that they will be reporting their results soon. No news is good news but LFD investors have been left in the dark for too long.
Hopefully LFD management has some real news this time. They have raised a lot of capital in the past and it has not gone into any substantial strategic development work such as drilling the properties to determine what is in the ground. Time is a major issue and also risk is high for investors in Iraq but the rewards are also great.
I am not holding my breath for LFD management but at some point they have to move this project along or submit to the alternative. The next NR from the company will be critical, hopefully it is more that just a cosmetic makeover and a serious effort with a capital plan to drill the property!
Comment by
Kurd30 on Oct 23, 2011 1:03pm
We shall see. These guys are on their death bed and have failed miserably. I have a fairly large holding in this company (regretably) and will see what transpires in the immediate future.