Niko Resources Ltd NKRSF

RE:RE:NOTES

[aerialview]

but why then would the lenders grant them two years? I agree the notes get paid out first or second BEFORE any common shareholders IN THE EVENT OF A BANKRUPSY. but that is surely at minimum 2 years away IF it were to happen. its nnot like they can just cancel the commons UNTIL it is declared. remember AMERICAN AIRLINES...? eg. anyway, this is a huge gamble but the way I see it we have 2 years to try to sell assets or produce gas(the good kind)lol or THEN we can talk "commons going to zero" but IMHO it is WAY too early to be spreading that shiite. G