GREY:LSTMF - Post by User
Comment by
bushhog1on Feb 25, 2016 11:38am
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Post# 24594271
RE:All these Junior Oils will go belly up
RE:All these Junior Oils will go belly upLTS said they will have $195M LOC availability at the end
of Q4 2015 and are projecting a cash burn of $22M in the first half year of 2016.
They will still be within their Banks' covenants and will also be able to rally out
much longer and not have to sell Assets.
Their Big Debt of $1,250M Cad ( $904M us) is due till June 2019.
Only my opinion