Q: Hi Peter and team
In a recent globe article on stock analysis (June 26th page B18), Long Run Exploration (LRE) was shown as having some pretty good metrics: low price to cash flow, high growth, good recycle ratio, high reserve replacement ratio. In a subsequent investigation (reading their investor presentation) it looked like it was selling at about half of NAV. Despite this it is in a long decline. What do you think of them?
Thanks
Ross
In a recent globe article on stock analysis (June 26th page B18), Long Run Exploration (LRE) was shown as having some pretty good metrics: low price to cash flow, high growth, good recycle ratio, high reserve replacement ratio. In a subsequent investigation (reading their investor presentation) it looked like it was selling at about half of NAV. Despite this it is in a long decline. What do you think of them?
Thanks
Ross