They announced 33.6 m loan and they already paid 17 m$ so all they need to add it 8m$ for the 2 new vessels.
And they hsve 27m$ in cash
from its 6.25$ secondary.....
what is going on here?
this is crazy
BHP increase production
this is going to be my main investment into 2015
they only paid 17m$ out of their cash and they just announce on 33.6m $ loan
so all they will have to pay is extra 8m $ (they have 27m$ in cash)
this is a screaming buy imho, trading almost half its shareholder equity, debt is long tem debt and very new modernize fleet.
added some here
we just need oil price to stabilize and both will double/triple
LNREF ceo frank bracken(ex jefferies) is doing great job buy inturducing the company to the investor community