The only bad thing will be if they dramatically contradict something they have recently announced. Highly unlikely with BKK advising the navigation of LNC.
Just 20 days ago on the 4th of July with BKK helping steer their financials they announced:
QUOTE Linc Energy’s total budget (excluding some oil and gas capital requests) will be able to be fully-funded from the positive cashflows from the USA oil business, which is expected to yield an operational cash surplus of AUD15m for the Company for FY13. ENDQUOTE
So I would be very surprised if 3 weeks later there was a dramatic change in the Cash situation.
BKK reputation would be destroyed if under their guidance the wheels fell off LNC balance sheet less than 1 month after announcing all was well.
Similarly on GCL deal they made an update at the end of june (while BKK have been advising them) giving guidance that the GCL transaction will occur in the 2nd half with just a few weeks to go to iron out finer legal details.
LNC Price at posting:
48.0¢ Sentiment: Buy Disclosure: Held
