Long Run Explor Ltd Ord WFREF

picked up a few more

[Chefboy69]

at 0.52

LONG TERM HOLDER HERE....I just keep buying....small buys, but every buy lowers my avergae and buids a larger position here,,

I think i am almost done buying...when OIL goes up....so will LRE

thats a fact

GLTA

[wilwal]

There are two ways to make money here:   1. LRE is highly leveraged to the price of oil. That is perfectly evident when you see the disproportionate correlation of the stock price to the price of oil.  If you want to place a bet on a recovery in oil prices, lots can be made from this level. 2. A bet that the MIE deal will close. If both events occur, shareholders will do really well

[Chefboy69]

#1 is the main reason why i am buying LRE as a contrarian play on OIL...I noticed a few months ago that this stock moves with OIL... and i read a great Motley Fool article on LRE and I didn't own OIL stocks during this crisis,,so didn't lose anything on OIL...now i am just playing the market,,,lets see what happens I like that they are doing their best to keep their debt under