Impact: Negative. Lower reserves and associated NPVs will pressure the stock given a pending bank line review on April 30, 2016. Despite a minimal capital spending program in 1H16, cash flow is expected to be negative, further exacerbating the Company's liquidity issues.
11 Feb 2016
LIGHTSTREAM RESOURCES LTD. (LTS) ANNOUNCES 2015 YEAR-END RESERVES AND 1H16 GUIDANCE
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LIGHTSTREAM RESOURCES LTD. (LTS) ANNOUNCES 2015 YEAR-END RESERVES AND 1H16 GUIDANCE
- Published:
11 Feb 2016 -
Author:
Cody R. Kwong -
Pages:
2
Impact: Negative. Lower reserves and associated NPVs will pressure the stock given a pending bank line review on April 30, 2016. Despite a minimal capital spending program in 1H16, cash flow is expected to be negative, further exacerbating the Company's liquidity issues.