Niko Resources Ltd NKRSF

So funny how people just follow the crowd

[mining_pays_my_bills]

Everyone's selling off NKO because everyone else is, when, as was mentioned by bendmeover after the Spet 2013 financials there was heavy buying in the $2.50 range and the outlook was positive.Check their consolidated financials from Sept 2013- they were a deficit of 207M on the year so far and cash on hand of 55M. But people were buying because NKO had such valuable assets and they were supposed to be turning things around, losing less money. Have they done it? Yes! Spet 2014 financials- they are down only 94M on the year so far and cash on hand of 120M. They are losing money at less than half the rate they were, and they are accumulating cash at more than double the rate.... Things have turned around, the trend has reversed. Oh yes, and the gas price is 33% higher than it was then, so we can expect operating loss to trend even less going forward. The people that were accumulating at 2.50 hoping for a good omen were right, here it is,  the share price should actually be higher than 2.50 using that logic. Yet we follow the masses, and we're down here at  29 cents. I'm sure one day, maybe a year from now, the market will catch on and assign a fair value to this company, and people will buy buy buy on the way up.