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Bullboard - Stock Discussion Forum Longford Energy Inc V.LFD

TSXV:LFD - Post Discussion

Longford Energy Inc > Bought Back Again Today
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Post by EOIM on Mar 07, 2012 12:22pm

Bought Back Again Today

Heading to 17 cents or more within the next 1 month.

This is a  pure Arbitrage Play now. Salida is an arbitrage player and they are simply trying to get as much return in their investment as possible.

At the end of the day, Genel would acquire LFD. The issue at stake is what to d with the more than $40 million that would received after KRG payments. Salida wants to maximize return and so I am betting that at this price, there would be good return in less than 2 months!!

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