Niko Resources Ltd NKRSF

RE:Notes

[deisman]

Disbrow trading in and out of the notes has absolutely nothing to do with their face value which is $115M + 15 months interest and interest on that interest.  The last financial statement states their financial obligation in  $US to the end of 2015. 
"As at December 31, 2015 the Company has reflected the convertible notes, recorded at $83 million, as current liabilities in the condensed interim consolidated financial statements. The convertible notes included in the table are based on the sum of the principal amount that would be required to repay in cash the Cdn$115 million convertible notes plus accrued quarterly interest payments up to December 31, 2015 and default interest of 7 percent on overdue unpaid quarterly interest payments from July 1, 2015 to December 31, 2015, converted at the period end exchange rate."