LNC 0.00% 99.5¢ linc energy ltd

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  1. 1,949 Posts.
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    LNC has to pay on this $US 150,000 Million loan alone $A 8.43 Million dollars appox.( 6 months interest )

    This is not counting the other loans against the oil assets appox $A400 M @13% $26 M ( 6 months interest)

    LNC has a crippling interest bill with Assets that have declined considerably.

    Perhaps LNC will kiss the oil business good bye and be left with

    Arc
    Coal
    UCG and $150,000 loan to service these 3 businesses.

    Does any want think that
    ARC is worth $50 M
    Coal is worth $50 M
    UCG is worth $50 M

    And if they are worth $50 M each that only covers the debt so please the shares are valued at $250 market Cap with $150 M debt without the oil assets can someone show me where the upside is ?
 
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