In Simple terms linc has $27.1M cash plus a $60M loan facility...

In Simple terms linc has $27.1M cash plus a $60M loan facility left.

They are going to spend $57.3M next quarter and get approx $22M back in Oil Revenue.
So that's a Net outflow of approx $35M for the next quarter.

I would also like to know what the current liabilities are currently at(ie Trade payable's etc) as this was $33.1M as at 31st December 2012 and needs to be considered.

The China deal is worth only $60M + $60M(when developed).
Teresa might get $100M if lucky in this market.
The royalties don't kick in till 2017 at best.

A company that only has $87.1M left cannot keep burning net cash of $30M-$50M a quarter and survive.
Even if a few deals get done they are just delaying the inevitable.
The problem has always been too big a cash burn and based on the forecast spend in the June quarterly report it is STILL NOT being addressed.

Good luck to all the punters that are going to buy more of the stock but for me there are loads of undervalued energy stocks out there with a much lower risk and much greater return than Linc.