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Niko Resources Ltd NKRSF

Niko Resources Ltd is an oil and natural gas exploration and production company.


GREY:NKRSF - Post by User

Bullboard Posts
Comment by evenhandon Apr 12, 2017 3:45pm
218 Views
Post# 26114429

RE:RE:Today's Soap Opera Episode

RE:RE:Today's Soap Opera Episode I read it as "bar" meaning "barrier".

No barrier to continuing the trial. 

I think the implication being that if this guy is guilty, then it may be that Niko is "guilty" of certain offenses, which could mean that they have no right to certain monies, or at least be on the hook for some sort of penalty.

It all smells of that incarnation of Niko being less than angelic, even after a decade.

The big question for me about this stock is about the following statement, applied on a myriad of issues:

In the Company’s opinion, it is more likely than not that the above noted disputes will not result in an outflow of resources embodying economic benefits from the Company.

I don't know really know how to evaluate the level of risk in that statement.

I used to think that the corruption was all behind the company and these disputes were more about strict contractual positions, and would be governed quite logically, but at this moment, I am not so sure.

Personally my due diligence was not diligent enough and I was too tolerant of the risk - when i had not yet gotten the bleep kicked out of my bio stocks.

Bullboard Posts