The total debt they have is: $265M USD Note $200M USD Note $50M USD Wells fargo loan $120M AUD Australian revolver loan (77M still available)
So Cash at 30th June 2013 $123M + $77M available debt = $200M
For your info I am forecasting a $6M cash surplus for Sept 2013 quarter followed by a $24M cash burn in the Decemeber 2013 quarter. So Net Cash burn for next two quarters is $18M
A lot depends on Cedar Point wells 3,4,5,6 If these are good then the cash position might be net positive for the next two quarters.
Of course this depends on PB behaving himself and not taking a new risk on something else.
LNC Price at posting:
$1.54 Sentiment: None Disclosure: Held
