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 ?
- Forums
- ASX - By Stock
- Reset of Conversion Price to Convertible Notes
LNC has to pay on this $US 150,000 Million loan alone $A 8.43...
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LNC (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online