GREY:NKRSF - Post by User
Comment by
ziboon Oct 26, 2018 8:39am
79 Views
Post# 28876447
RE:RE:RE:RE:Timing
RE:RE:RE:RE:TimingThe partners served Niko with 60 day default notice for a reason, they want the cash call paid or they want Niko's 10% (for free).
I don't think it will be very long before we hear something, if a new agreement with the lenders is arranged and a shareholder and note holder vote is required that takes time which, there isn't much of.
Either way to retain the block the cash call has to be paid and I don't think it will be paid without some major new agreement being reached.
Niko's share of D-6 has value so I can't see the lenders folding their hand and writting the 450 milllion off and whatever happens is up to the lenders and the noteholder's since I believe the noteholder's have a lein in 2nd place to the lender's on D-6.
Should hear something soon IMO.