GREY:NKRSF - Post by User
Comment by
mining_pays_my_billson Oct 23, 2014 1:20pm
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Post# 23055013
RE:RE:RE:RE:$2.50 is liquidation value
RE:RE:RE:RE:$2.50 is liquidation value It won't be Jake's next move, it will be Kevin Clarke's- he is the new interim CEO. Jake was replaced October 8, 2014:
https://www.marketwired.com/press-release/kevin-j-clarke-appointed-chairman-and-interim-ceo-of-niko-resources-ltd-tsx-nko-1955615.htm
And it's a good thing too, because it looks like Kevin successfully steered his last company from the brink of insolvency by focusing on their balance sheet, and re-organizing their cost structure. See link below. I can definitely see this guy selling some of NKO's assets, lowering debt, and focusing on lowering credit risk. All it's gonna take is for him to sell interests in one property for a few million, and then people will start looking more critically at what NKO owns, and be like 'holy cow! they have 100's of millions in assets!" People really don't realize what NKO could possibly be worth in a scenario where they start selling off assets to pay debt. Everyone is thinking they're just gonna' keep operating at a loss until the go BK. Why would they do that? I don't think bankruptcy is a likely scenario with a guy like that at the helm.
https://www.catalystpaper.com/media/news/corporate/catalyst-paper-announces-ceos-departure