Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Niko Resources Ltd NKRSF

Energy Oil & Gas E&P
Niko Resources Ltd is an oil and natural gas exploration and production company.


GREY:NKRSF - Post by User

Niko Resources Ltd
Bullboard Posts
User Avatar Image
(34)
•••
Comment by mining_pays_my_billson Mar 17, 2016 8:47am
104 Views
Post# 24668708

RE:Article in the Financial Post got me worried...

RE:Article in the Financial Post got me worried...Yeh, I saw that article too. However the Feb 2016 Financial Report from NKO says 843,978,000 debt. So, I don't know where the 2.1B came from- it's probably a legacy figure that never got updated by Financial Post. That being said, they are only claiming 278,234,000 in assets (how a 10% stake in D6 plus their Bangladeshi assets is only worth that I have no clue- they are assuming some drastic depreciation). So, as was said it reflects about $3/share in assets and like $8.50 in debt. Not great figures, but more palatable than the 2.1B debt. 800mill is possible to pay off in 2 years given the value of their assets, whereas 2.1B is probably not. I'm sure this news out of India re: 100% increase in gas prices for new developments will add value to their D6 assets. I wouldn't be surprised if they increase the value of their assets in the next financial statement from 278M to like... 500M maybe?
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities