Long Run Explor Ltd Ord WFREF

shares of LRE

[ninjadear]

wax and wanes in price, the downside to me looks like pretty typical for a company same problems as others. LRE stays out of trouble with the law, the company looks like it is worth more to the economy than 61m. I've kept investing all summer in LRE I was hoping to just buy and hold, I dont really know what the deal with trading is, I know sell when gains are made, but what do I do with the stock if I just want to own the company made gains on other small cap but nervous about selling it seems to make sense to just buy and hold and never sell. Does anyone know if renewable is a better life long buy and hold or will these energy companies be able to produce, and if so what companies worth investing in will work different paths for their legacy? Does it happen often where companies switch focus into other sectors? 
I'm buying more LRE because it feels less like a gamble and more like an uphill climb out of the lows to a more realistic price?  What happens to a stock when a company starts selling assets?

[Shlinker_]

Ninjadear, to answer your question, LRE needs 3 things, an asset sale, a rise in oil, and a rise in gas. Should they sell assets, even at a loss, it would help with current liabilities. On a seperate note, I truely fear the 1.30 financing won't go through. It just seems typical to me. It could all very well be a scam to make 1.30 seem like a great valuation, when even 2.00 is a terrible price.

[billywed1]

This post has been removed in accordance with Community Policy