Niko Resources Ltd NKRSF

Bought more @.12

[Thailanddan]

How low will it go?
How hi can it go?
When will news come out?
Make me feel warm and fuzzy!

I have consulted my ouji board, after of course looking into my crystal ball. The answers are still hidden but I'll get back to you with the results as soon as they are in. That is with the exception of the  warm and fuzzy as that is just a little out of my comfort zone.

Yes it sucks for the depressed, weak,  share price. The outcome at the end of the day is still somewhat cloudy but even a moron can see the odds of success have greatly improved over the last year.

To get big money you take big risk and hope your reasoning is correct.

I have formed my own conclusions and expect (hope) by September the Diamond claim will be resolved and the Bangladesh corruption claims tossed out. Then, when arbitration is finally officially resolved, D6 drilling news will be center stage and the stock will be moved up. NKO has restricted funds $31,000,000.00   minus say $14 mill for the 7% amendment conditions plus $35 mill (eventually) plus blah, blah so the doors are not about to close anytime soon. 
 
Diamond:
I think some of you  here have come to the misguided conclusion that the insiders should be  concerned about raising the stock price a few pennies.  In my opinion the opposite is a more likely senario until the Diamond issue is settled. The more Diamond feels a quick settlement is their best option the more favorable a positive outcome for NKO.  The old    " A bird in the hand rather than one in the bush” would be something to consider.  If NKO stock price was moving north say back to .40 and looking like it could go higher  Diamond ( I think) would be less inclined to settle for less than the maximum and drag out the settlement. Also if I was running NKO I would hope the arbitration would not officially conclude until after the settlement with Diamond and add to their fear factor.
 
Bangladesh:  
The corruption BULL will not go very far with ICSID. The RCMP investigation could not, after a long and drawn out, in-depth investigation conclude any CORUPTION. NO corruption charges laid and the ICSD says it would be a waste of time to review the findings. So the evidence Bangladesh  included is in favour of NKO, good for us. Bang has also requested from NKO a ridiculous amount of paperwork and again been shot down by the Worldbank. They are now left to mostly fabricating evidence and do you really think after the total disregard for the ICSID authority they have a hope in hell of winning ???  Payment will happen but not next week, and unfortunately maybe not for several months to come.
 
Debt:
I see people freaking out and throwing worse case debt numbers out. Those numbers also exclude, cash on hand, revenue, the Bangladesh 35 plus million and more.

If D6 gets drilled there will be a number of greedy hands offering any needed cash for a hefty piece of the action including some of the debt holders. Institutional parties owed money  would get first dibs and of course they would recieve an excellent deal for themselves.

This is one of those plays that will either fly high one day or bite the dust, I don’t see much middle ground. Myself I will continue to buy and sell the stock to get my average down below a dime.
 
Make your own conclusions to “Buy or Sell” it is your cash at risk!!!!



PS:
A number of you here bought into AXE over .30 (the odd one of you closer to .40) and until 2 days ago it was down as low as .10. Did you sell or buy @.10. I bought my first round of stock @.155 after the first pullback awhile ago. More on the day it hit a dime  @.135 and @.125. Missed the .10 stock and for a sweaty moment was truly worried it would go back to .02  The stock moved 40% higher a couple days later( I didn’t see that coming). Sold my .125 buy @.16 (standing order) and I am on the bid if she falls again. 

So were you bashing as she went down? I sure was wondering about the sell off that fateful morning and was saying to myself "Buy or Sell, Buy or Sell" as my trigger finger hovered shaking over the keyboard. Yes a different story but still risky!!

GLTA