Long Run Explor Ltd Ord WFREF

Valuation

[Sumcan2]

ppp, I agree with you they are not replacing all of their production, hopefully maintaining at best. They don't have much cash in the bank and I said back in December that I would have liked to see them suspend the dividend and build a 10% of bank debt cash for a cushion. Hope they plan on doing that and pay down debt. Time will tell. As investor relations told me about their debt to EBITDA, they are not best in class but they are also not worst in-class. If they can sell some non core assets it will help the balance sheet but it will be hard to get a decent price in this environment. The thing here is they are are not replacing production Read more at https://www.stockhouse.com/companies/bullboard/t.lre/long-run-exploration-ltd#rupbaYBuuq1z0Pjw.99

[2015ideaman]

[2015ideaman]

anytime you are looking for a sale of assets to solve problems, that to me spells trouble ahead. Cheers....from ideaman

[2015ideaman]

[2015ideaman]

[bigbird456]

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[2015ideaman]

I am out on this one but am huge,as you know, om ath. Time will tell whats up with LRE and ATH but I agree oil is on the way up.... Cheers...from ideaman

[bigbird456]

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[bigbird456]

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[2015ideaman]

hope you are right, i like 12 to 15% gains too, however I'm out on this one anyways. Looking for ATH to double up in the next 12 months or possible triple up over 12 to 18 months. who knows for sure?  but thats where i hope to be. lots of luck to you Bigbird..... Cheers ...from ideaman

[bigbird456]

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[bigbird456]

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