Niko Resources Ltd NKRSF

RE:RE:RE:RE:What a Tool

[HumbleTheTrader]

Zhantao wrote:

monzie wrote:
Actually May 30th was the ICSID third decision news release. The arbitration articles from India had nothing to do with the movement that day. I doubt any news article sighting "sources" will have any influence on the volume, it will only have an impact when Niko themselves say the arbitration has been dropped.

That is true, I've said man y times in the recent past that Niko never announced any arbitration being dropped nor did Niko announce they were going to be working at D6 block.   I only believe arbitration will be dropped (and D6 to commence) based on my own speculation based on some unofficial news releases.  But the reality is, none of this to my knowledge has ever come from the Company.        I don't care if RIL announced or not that they are accepting bids and stuff like that, the truth is Niko hasn't announced any involvement yet. 

Maybe Niko plans on selling or closing down before D6 starts for all I know (hence why they didn't announce anything).   Just hypothetically speaking of course.

My bad, for some reason I was convinced one of the moves was from the news article haha. Anyway if you read the Indenture and please confirm this coz I could be wrong, Niko can only begin the selling process 2 years from the date the indenture changes come into play, until then they have said they are HOLDING AND DEVELOPING THE ASSETS AS PART OF THEIR STRATEGIC PLAN TO BUILD VALUE

As far as D6 restarting, there has been more than enough indirect information from many sources as well as Indications from RIL, also Niko has mentioned the new gas prices and increasing production in the recent annual release havent they? Now need the official release from RIL so theres no going back