Niko Resources Ltd NKRSF

RE:RE:Note Holder approval to come still?

[mining_pays_my_bills]

It is not that they don't have enough cash to pay 15M right now. They have made many asset sales and have the liquidity to pay a mere 15M- it is that the clauses of their restructuring agreement preclude them from making payments to Diamond, and I quote: 'As previously disclosed, in complying with the terms of the facilities agreement (as amended) governing the Company's senior term loan facilities, the Company is restricted from making any payments under the terms of the Diamond Settlement Agreement, and, as such, continues to be in default of certain obligations under the Diamond Settlement Agreement.' Read more at https://www.stockhouse.com/news/press-releases/2016/04/25/niko-provides-corporate-update#5s8lHuARIpdTG4Jk.99 Take that as you may. My faith in this company hasn't been misplaced yet, everything is proceeding according to plan. Share price goes up and down based on day traders. Gas goes up and down based on factors beyond NKO control. So far they have delivered on everything within their control that they said they would. Just my opinion.