Long Run Explor Ltd Ord WFREF

What is the debt situation?

[Sultan77]

Does LRE have any immediate debts? by March next year?

It appears there is a real chance of it going bankrupt even if the chinese money comes in.
If it doesn't come in, it looks even more bleak :(.

[Reflect]

Sultan77; look at all the big sellers & buyers; heaps upon heaps of trade volume & LRE drops 3 cents. I just can’t get over these huge volumes. I guess Sprott & Franklin Resources, Franklin Bissett, Franklin Templeton, Dimensional Fund Advisors & others are throwing in the towel & driving the share price down. Man, what a stock market. Can you even fathom how itsy bitsy of a

[Sultan77]

Reflect, thanks for the response. When 160K trade volume is enough to influence the share price, it's quite telling how fragile the average investors confidence is in the company. I agree with you. The deal with MIE doesn't look good no matter which angle you look at. However with bankruptcy we will definitely get "zero" as LRE has more debts than assets. So it appears we have

[madmax1980]

accordingly to  Charles Nenner Research Center - Morning Update - November 11, 2015 Wednesday‏ Crude (DEC) The next short term cycle high for Crude is NOV 20 Based on these cycles, we are still looking for a move towards 50.00, as long as there is no close below 41.20 this guy appeard on BNN saying the their system predicts oil to trade around 70 on january 2016

[Sultan77]

There is deep divisions in the house of Saud & their economy is hurting. They have a deficit and they can't be drawing on reserves all the time. Russia and the shale oil industry hasn't folded as they expected. So at some point these guys will have to do something. Lets hope they do it before it wipes out our investments :).

[madmax1980]

these assho***can't live on low oil prices forever... they will eventualy bendover and do something in the meantime, all we can do is wait and brace...  I don't want to believe LRE is going bankrupt... yes they have to pay the bank. for an individual, small amount, the bank will always screw us, but for xxxmillions.... 

[Reflect]

Don’t be fooled; with bankruptcy comes the court cases etc. & the Creditors line up & the major institutions & fund companies prepare battle. This will drag on forever. LRE is a small to medium producer of approx, 36,000 Boed. There is hundreds of millions of dollars at stake now & in the future. Don’t think for a minute anyone is going to roll over & play dead. The Franklin

[Sultan77]

@Reflect, you have a point about brankruptcy not being a simple matter of people just rolling over. I sure hope they avoid it. I'm also suspcicious of some sort of backroom deal & possible market manupilation. Almost always the small investor is in the dark and gets shafted as they are much more likely to trade on immotion bcos to them a 10K is more important than a 1M to a large

[Reflect]

The Chinese (MIE) are playing us for chump. Bill Andrew looks like a tired, weak old man instead of a shrewd business man unless he is part of the deal to swindle LRE small shareholders. Capitulating to the Chinese after they renegged! Do you think for one minute had oil reversed in price that the Chinese would have let LRE out of the deal. They would have fought tooth & nail to see that the