STTCOMP LFR, FA Long
Longford Resources
SP: 10.5c
MC: $41 million
Cash: $2.4mil last reported - but perhaps a bit more / less now (as some oppies are being exercised perhaps etc etc)
Shares: circa 425,000,000
"Conflict free" Cobalt / Zinc exploration
Company is at early stages of proving up old "historic mining" cobalt grounds in Nth America. Idaho / Nevada / British Columbia spread the risk and allow work throughout the calendar year.
SP has hit higher levels simply on news of acquisitions... so now LFR must prove they can interest the market as initial assay results start to filter thru over next 1-3 months
market cap is not "low"... but company has spread its risk and also has a zinc project in Ireland.... so all is not to be lost on one bad report.
new LFR website is in the works... so perhaps we will see a bit more marketing from LFR in near future
http://www.longfordresources.com/
bit of off-screen selling into 10 / 10.5 of late.... so patience required.
bsh
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