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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 dubsbson Jun 05, 2015 11:53am
102 Views
Post# 23800897

KG-D6

KG-D6I have no reason to believe that NKO cannot sell india assets today. What I believe and what a prudent management team would do in this case is wait for the developement plan for MJ is complete and deep water pricing is announced. The arbritration's can be factored in on a worst case senerio. Then they can have a value that someone can sink there teeth into. I believe it may be RIL or BP. RIL or BP don't want it to go bankrupt because then they would be bidding against other and would risk loseing out. They do not want to risk loseing a chance at building up their portfolio by 10% by not acting now when its right in front of them. They also are getting the devel they already know...... JMHO

cheers.

PS hoping to see a buck  maybe 1.50 but might be a strech.
Bullboard Posts