Long Run Explor Ltd Ord WFREF

A Yes or No decision, for eg.

[canaken1]

A similar situation occured with Pacific Exploration TSX:PRE last year. The sp was trading @ approx. $20 and then headed down to about $5.00.  A buy out was offered for the company for $6.5 and the voting was rejected. The offer was off the table and the intended buyers walked away and the sp is now $0.63.  A lot of unhappy share owners to this date that made a decision.

[HamSandwich]

The thing is you have to know where you are in a commodity cycle and what the balance sheet of the company is and be realistic. I mean I can see how someone who owns LSG.to might not be thrilled with their takeover earlier this week - they're getting a small premium at a time when the company has a great balance sheet and maybe they've bottomed out on the commodity price. The price for

[jollynik6]

Voted YES for my shares .04 profit per share better than nothing

[chiefie]

Sure buddy, you made money just like when you made money on SGL. Too funny, Jollyoser must have not taken his meds again

[Dannygo]

PRE got rejected because offer too low ($6.5 vs $5, only +30%). LRE was $0.16??, then offer $0.52, it's +225%. For real bull, if they had confident, should added some at $0.16, or $0.14. Anyone who cares about their money, should vote "YES". Not to take revenge or commit suicide!

[yetta]

PRE was rejected cuz major shareholder was greedy. The bluff got called and the the little guy got screwed. Now note holders are getting offered $180 per $1000.  Happy now??? Hopefully that doesn't end up happening here. https://www.bloomberg.com/news/articles/2015-07-08/alfa-harbour-team-abandons-1-7-billion-bid-for-pacific-rubiales

[canaken1]

Danny:- agree with you about the %age. Like LRE the writting was on the wall for PRE with a huge debt it could not repay with the declining oil prices. The NO group in PRE was very inflential and they carried the decision. Hope that does not occur here or we are doomed.

[ScottK1]

...and look at the proxy advisor who was opposed to the PRE deal. Looks like they learned a valuable lesson!  "O’Hara Administration Co., which owns almost 20 per cent of Pacific Rubiales’ stock, led the opposition and its agitation was bolstered by the opinion of two proxy advisory services — Institutional Shareholder Services and Glass Lewis & Co. — that suggested investors turn