I'm in as of today.....FWTW
There seemed to be good buying volume this morning before the
dump back to 17 cents.
With so much cash I would expect very little damage if unsuccessful
drilling, but maybe they also need to find a monster before the market
awards it aswell.
Instos are a joke really....once I would not touch a company without
large insto backing, but now I enjoy seeing the likes of HSBC depart
as they provide buying opportunities for we mortals, and in most cases
are not selling for any fundamental reason other than someone got
out of bed in London and said sell.
Anyway what do I know.....not much.....but I am now aboard the good ship
LRL.
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- Ann: Investor Presentation October 2012
Ann: Investor Presentation October 2012 , page-31
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