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 ?
LNC Price at posting:
99.5¢ Sentiment: None Disclosure: Not Held
