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Bullboard - Stock Discussion Forum Longford Energy Inc V.LFD

TSXV:LFD - Post Discussion

Longford Energy Inc > Very Fair Offer
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Post by EOIM on Jan 08, 2012 9:47am

Very Fair Offer

I was right close to the money here in my analysis. I had came up with a fair value of 50 million pounds (around $80 million or 0.425 cents per share)

If GENEL offered $70 million and is willing to cover the KRG BONUS payment liability, I think it is a very good offer for LFD shareholders.

I am also thinking that NIKO Resources that had been very close in operations with FORBES in VAST might be stepping in with a higher offer provided there is no hige breaking fee in the deal.

I am simply happy with these development because I own a lot of shares at 0.115 cent.

Comment by Nick777 on Jan 08, 2012 10:47am
How many shares did you have EOIM??? More than 100 000???
Comment by EOIM on Jan 08, 2012 10:51am
Nick, I will not be specific but would tell you that I own a lot of shares to consider myself a major shareholder of LFD. I am just damn happy!!!! When all hopes seemd to have been lost, I decided to reeneter this play on Dec 21 and it seems to be one of the best moves of my life. To all the shareholders, I wish you all the best as we start this 2012 on a golden path!!!! For those who sold to the ...more  
Comment by longrider1964 on Jan 08, 2012 11:24am
They will still have 18.75 million warrants at 30 cents from final PP in May plus the agents warrants of 2.25 million at 20 cents which will bring in another 6.075 million when exercised which they will be since offer when u add the 21 million to existing 188 is 209 million fully diluted oustanding shares into 72 million canadian as they said the offer was 45 millin british pounds which equals ...more  
Comment by pennyoilking on Jan 08, 2012 12:29pm
EOIM.... I want more... but its still a triple for me too!
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