Niko Resources Ltd NKRSF

RE:RE:Heat is on!

[mining_pays_my_bills]

Lifesaving indeed! And a no-brainer as I see it. NKOs last MD&A said they were going to focus on Indian production and strengthen their balance sheet. This move to sell interest supports both those endeavors. We all knew they were going to try to do this before conceding defeat, every company with assets does. And this is only the start I'm sure. They will sell more and improve their balance sheet, reduce their credit risk, taking them further away from insolvency, all the while waiting for the next gas price hike in India, and ramping up production along with their partners. What NKO just announced is a market event, and analyst targets never factor that stuff in. One piece of news like this nullifies their targets. NKO just got a cash injection that will almost double their market cap. With a potential future injection (depending on exploration results) that would triple it from current values. Think stock price will follow? I do. TDs 60 cent target is no longer valid, 5 days after they issued it. They will have to revise it again. Dont sell to the bashers and shorters who try to scare you by focusing on the remote worst case scenario, and do everything they can to downplay news like we heard today. All just my humble opinion. Have a great day.