GREY:CLLZF - Post by User
Post by
strzelinon Aug 01, 2012 11:48pm
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Post# 20175866
$41 million interest payment
$41 million interest payment Today CLL transfer ~$41 million to the banks and institutions ( including those sitting on the Connacher Board) as a 1/2 annual interest payment on CLL debt. By my accounting this will load up CLL credit line to the max as their Q2 cash flow will show another disappointment due to low commodity prices and bad investment decisions.
Their Q2 bitumen prices will be ~15%-20% lower then in money loosing Q1. July (first month of Q3) is even lower then average Q2 average. Without new share depletion or major asset sales they will straggle to pay the bills.
The question is: how do you attract the investor (new capital) to their money loosing operation of selling bitumen $10 to $12 below Total cost?