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Niko Resources Ltd NKRSF

Niko Resources Ltd is an oil and natural gas exploration and production company.


GREY:NKRSF - Post by User

Bullboard Posts
Comment by Chuckleeon Oct 19, 2018 10:49am
86 Views
Post# 28834527

RE:RE:RE:RE:RE:RE:RE:my Main reason for staying positive

RE:RE:RE:RE:RE:RE:RE:my Main reason for staying positive
sanmeet81 wrote: Whatever the deal is, do you think the stock will pop up to .20-.50 range or will stay flat?

Assuming it's a bad deal for shareholders but there will be some optimism that Bangladesh might resolve and difficult field gas prices in India touch $10.00 in 2020.


I think the stock can only go to $0.2-$0.5 range if the deal is extremely good for NKO. There are just too many issues with this company (internally and externally). 

Internally: Too much debt, messed up previous management, and fundamentally flawed
Externally: Indian government, Bangladesh case, gas prices, etc.

These factors limit the upside considerably and frankly, i doubt we'll ever see north of $0.2 again (really hope i'm wrong).

Not speaking on everyone's behalf, but i'm sure most of us shareholders have had enough. IF i breakeven, i'm exiting and not looking back. 
Bullboard Posts