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Gold/Mining/Energy : Lundin Oil (LOILY, LOILB Sweden)
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To: Timelord who wrote (2073)2/26/2001 6:16:48 PM
From: hubbabuba2  Read Replies (1) of 2742
 
You're referring to Jim Harpel in Barron's circa '93 (?). The way Jim and other soldiers for the cause have been burned (read: quick fried) by subsequent execution of the company is precisely why it won't get that high of profile anytime soon. Who would risk it? [Frankly (really)I was in Barron's recently, and if I can get quoted for much I sure wouldn't put my name by this company!!!!] It will take some positive exectution and performance for a while first before anyone says anything in high visibility land.

Look what Jim talked about: Malaysia with a map, etc.. 7 years later they unforgivably try to boot it (for God knows what - racing money?), 8+ years later we're waiting on full developement. God knows they hit (thank God they did we'd really be toast) but who can wait decades for valuation purposes?

Anyone ever hear why they tried to boot Malaysia? Couldn't swing goood financing I expect - which they should have thought of as they took shareholders through the wilderness.

I'd recommended a 4 for 1 reverse stock split as a means to try and bring some credibility back to the company. A lot of brokerage firms can't/won't even look at sub-$3 stocks. Justfiably so. This has fallen on deaf ears apparently.
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