Long Run Explor Ltd Ord WFREF

It is clear, Sino do not have the money

[uograd]

Maybe by July 31, Sino will have the money to do the deal but it is clear as of June 17 they do not have it.

the fact they are annoucing this extension even before the Investment Canada approval is bad news.

I think the stock is going ot selloff bigtime this morning.

[QUANTUMJUMP]

Investment Canada requested more info , the purchaser has submitted it  seems clear in press release 

[Scottie99]

This post has been removed in accordance with Community Policy

[wilwal]

It may not have anything to do with what the government thinks of the deal. It may have more to do with Sino dragging their heels providing the proper information so they have more time to raise the financing.

[wilwal]

It may require a better recovery in oil and gas prices for Sino to be successful in completing thier fundraising efforts. Gas is more than 20% off the lows which helps, but even at $3 this company struggles.  Oil is going to have trouble breaking $50 until there is a bigger drawdown in inventories. I would give nearly 100% odds that Investment Canada will approve, but 50% that Sino will be

[Reflect]

I have always been right. This whole deal is a sham! The Chinese have not acquired equity into LRE to be awarded a seat on the BoD. Shouldn't that have told you the truth. Their mouthpiece on the BoD is LRE mgt. whom they are paying off. Secondly, I completely disagree with you. There will not be a massive sell off of LRE. The volume will be comparable to the volumes when LRE was manipulated