GREY:LSTMF - Post by User
Comment by
bushhog1on May 03, 2016 11:31am
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Post# 24836964
RE:Wow, the perfect storm for this small ship...
RE:Wow, the perfect storm for this small ship...LTS had a LOC debt of $355M at the end of Q4.
Currently this debt is $371M.
They used only $16M in the last 4 months.
It make no sense that these Banks will cut their LOC from $550 to $250 limit,
for that, when oil prices and Cad Dollars' exchange rates are going up.
However this setback will be that they have to come up with $32M us to pay
June interest and $121M cad LOC shortfall in three months.
Management already said that they have lots of options to weather any cut.
Let see