Niko Resources Ltd NKRSF

RE:Niko Stakeholders

[Dell1]

We don't have funding that's for sure. We can only get funds through financing or loan. Not sure what our management has in mind and how capable they are to make the Best out of it. They seem to be very indifferent based on my past meetings. Not much optimism was seen from them. We need a strong leadership like Ed Sampson (you can blame him for the past but he is the only one who made this company profitable). Current management team are a bunch of financing guys that are just waiting for the first offer that will cover initial loan of about 250-300 mill and other needs like drilling rig obligations from previous commitments. They really don't care about shareholders. They are trying to get their investment back with maximum profit. The best decision was for them to keep this company alive considering that some people like CFO and COO can manage it. Operator is Reliance. The have no desire to bring life to this company, sadly. Yes, you are right at least 400 mill is required and that's what management is waiting for. Real value of our assets is way more. The question is how long our management can keep this boat afloat. Very unlucky this company was for a few years. Most of the time all updates are VERY NEGATIVE. Don't get me wrong I have been investing here for a few years. Still holding a segnificant position. Do your own DD