RE:RE:Next One Is...The NioGold deal with Oban was mainly "forced" by Wexford Capital (high-level: Wexford owned around 19% of the float - needed to sell their NioGold shares to raise capital, which led to the Oban deal). This Oban deal was in the best interest of NioGold shareholders in light of the Wexford situation, and Oban stepped up to the plate with a fair and reasonable offer (also happened that the deal made a lot of sense for Oban).
Niogold will likely have been out of cash by late this year, after the PEA.
-- MM