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Lightstream Resources Ltd. LSTMF

"Lightstream Resources Ltd is engaged in the exploration and development of oil and natural gas in Western Canada. Its operating areas include Southeastern Saskatchewan, Central Alberta, and North-Central Alberta."


GREY:LSTMF - Post by User

Comment by bushhog1on Jun 26, 2016 8:17am
100 Views
Post# 24999230

RE:RE:LTS can payoff overdrawn LOC from regular business.

RE:RE:LTS can payoff overdrawn LOC from regular business.LTS was one of the few Companies that wa profitable in Q1 2016.

At the Q1 Conference Call last month ( May 2016) John Wright said that they will do much better in Q2  and will also remain cash flow positive  even after accounting for the accrued interest payment.

However Management decided to use their cure period and to address their
LOC overdraft first


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