the nighmare is over, page-5

re: the nighmare is over - to ian Ian

I read your summary at the start of this thread about Lion's cash position and their ability to meet cash call requirements at Oseil field, and as a LIO holder it gave me a nice warm feeling. The warm feeling increased after ETE debuted so nicely the other day.

However, the latest announcement by LIO about yet another placement to meet cash call requirement at Oseil has left me cold and feeling like the aformentioned warm feeling was because I had peed myself. Can you shed any light on why a further $1m is needed by the company, as your original post indicated that further capital raisings would probably not be needed to service the Oseil project.

much appreciated

cheers
toscanunan