Niko Resources Ltd NKRSF

RE:RE:RE:RE:Diamond Settlement

[monzie]

That's the most confusing part about it Bpultra, they went through this whole process to get the two year extension to survive, in tact.  Diamond already took them to court before to get that 80 million dollar settlement so surely the lenders must have known that Diamond wouldn't take this slap in the face lying down. My prediction is that the lenders will allow NIKO to make a smaller payment like say 10 million and extend the Diamond terms to Sept. 2018 (which I see as most likely being the 2 year anniversary of the implementation date), leaving them with 8 quarters to pay off the remaining 21 million dollars, and hope that Diamond bites.