Next quarter LNC is going to burn $60M however, LNC intends to be cash flow positive by December 2012. Consolidated cash flow for December 2012 forward Est Reporting on 31.1.2013
Source Sept quartly report Appendix 5B
Expenditure $18.4 M
Development .....................$23.5 M
Admin............................12.5M
Production........................4.5M
CTL...............................4.7M Interest and Fees $24 M (265M Bonds received 245M plus interest 4 M)
Total.............................$87.6M
receipts ...............4000BPD 24M
if 5000BPD 30M
if 6000BPD 36M.
My Est Loss for the next qtr 60M
LNC Price at posting:
57.0¢ Sentiment: None Disclosure: Held