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Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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Lightstream Resources Ltd. LSTMF

Energy Oil & Gas E&P
"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

Lightstream Resources Ltd.
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Comment by boarderex86on Jan 05, 2015 2:55pm
130 Views
Post# 23286962

RE:RE:RE:RE:800million USD debt is going to kill this!

RE:RE:RE:RE:800million USD debt is going to kill this!
orlandofl wrote:
orlandofl wrote:
I hope to get an answer soon on covenants - some said breach by late 2015 - I don't know that to be true. Capex is flexible and they could cut back a lot and pay on debt and allow declines - and why not when prices are this low.


The only issue with allowing production declines is that the debt covenants are relative to EBITDA, or adjusted EBITDA which would drop along with production.  Forecasts for EBITDA is also something that would be good to have clarified with management.  I haven't seen LTS  report EBITDA directly.
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Dealroom for high-potential pre-IPO opportunities