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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
Post by bendmeoveron Aug 21, 2014 11:04am
297 Views
Post# 22864783

looks like an institution wants out

looks like an institution wants out coupled with shorts ,not a good combo 
good time to buy if you have kahonas

they have 200 million in restricted and unrestricted cash ........... Jake said they can operate for a long time without raising money at even the 4.2 gas price ...becuase there would be no investment needed  unless gas prices are raised ......

i believe there outstanding debt is around 350 million , but at 4.20 per mcf .the KG deposit is worth around 300 million to NIKO .........+ infrastructure and then we have bangladesh and about 3 exploration properties ...... + the new deposit find .which someone said is worth about 650 million to niko .once reserves are measured and indicated .which i would say is a little low even at 4.20 gas  ....right now this is sitting with a 139 million market cap ........
Bullboard Posts