Long Run Explor Ltd Ord WFREF

Buying after purchase offer...

[yetta]

I'm 3 for 3, trying to make it 4 for 4:

1) Tim Hortons by US Burger King: Many thought deal would not go thru cuz of "tax inversion" issue. US gov't can't agree on anything so pulled the trigger on a bunch of shares below offer price. Deal went thru & deterioration of CAD made profits even higher. US gov still arguing about this issue. Go figure.

2) Carfinco by Spain's Santander: Many thought deal was dead when CFN lowered dividend post-offer so picked up cheap shares then. Dividend was only lowered to pay for deal's transaction fees. Deal went thru.

3) Alter NRG by Chinese company based in US: Many thought deal was dead cuz approval was delayed by US gov't . Picked up a lot of shares well below offer price. Deal went thru.

4) LRE: Many think deal is dead cuz debenture holders won't approve. Holders don't want to settle for 75cents on the dollar. How about ZERO cents on the dollar if deal fails? Picked up a lot of shares at 33 cents. Approval of deal?...stay tuned...

[Iamwcw]

This post has been removed in accordance with Community Policy

[Dannygo]

I'm accumunating now.... one day when the volume become low, I'll add more because all the weak hand sold. The deal will go thru!

[Reflect]

Whether the deal goes thru is purely speculation. If this so called yet to be produced deal (to date non-existent) is presented for a vote & if the vote is negative this will speak volumes. It says the debentures & major shareholders do not fear the Bankers & are prepared to legally fight this one which obvious would last a very long time. In other words, Bankruptcy is out of the

[yetta]

Another encouraging thing Dannygo: only ~10% of the share float has traded since announcement (10 trading days ago). If majority thought deal was dead, trading volumes would be much higher with holders dumping in the 30's since stock price will plummet back to 17 cents if deal doesn't go thru. As with the other deals, traders are in wait-and-see mode. (This bullboard is quite childish

[techn9ne]

They have filled the notice meeting for the vote yesterday, do not remember the date but it is around mid-february

[BlueCollar51]

The Special Meeting notice that was filed on SEDAR on Jan 05 and e-mailed to the various regulatory bodies by CTS on behalf of Long Run isn’t much more than the “intention” to have the Special Meeting on Feb 19 (record date Jan 15). It can be cancelled or modified at any time.   Current events; the increased weakness in the Oil price and the turmoil in the Chinese financial markets are not

[Reflect]

Doesn't hold water. Since you are new to LRE do your DD. The vast majority of the major & trust funds have never dumped. There was a dump on Nov. 30, 2015 of 7.5 mil to knock the sp down to the 11 cent mark  which raises a lot of questions as to motive. Other than that, its been a year of miniscule trading to bring LRE to bottom yet Sprott & the Franklin people along with other

[Iliveinavan]

I was in LRE at $2.88 which at that time made sense to me Reflect, but hindsight certainly proves that I don't know everything, and didn't think I did when I bought. I've also been bottom feeding LRE with the aim of making a little profit on this situation at the end of the day. I don't know for sure if the deal comes to fruition but looking at the big picture, common sense tells

[Reflect]

Iliveinavan: I've been in LRE for a long time & have been buying down. I've yet to see a sense of urgency or desperation on the part of the major shareholders & fund holders and, is the reason I stayed in. No-one could predict what has happened over the year but with hindsight everybody is now an expert. Whether there is an agreement to a deal (this is now the third one) I

[Reflect]

Reposting an earlier post: I have been buying down for over a year. Always, after the fact every "Bozo" is an expert. Look at Baytech, Crescent Point Energy etc. Had CPG known the future price of oil would they have boughten Legacy Oil & gas etc. etc. Wait, come to the LRE board & after the fact every "Monkey" in Alberta knows what to do. What a joke & people