Niko Resources Ltd NKRSF

I finally found

[thedigger]

what most of us were looking for. But first thanks to Manthebull to have brought back the story and to Sanmeet to have discovered it. As we can see in the news about Niko using D6 as mortgage for 300mn, the author said the company got it approved by the Reserve Bank of India but was waiting for approval from the ministry of petroleum. This article has never been confirmed and no news has been sent by the Niko in this regard. But everything in this news was true. You will be able to see it by yourself. It was hidden in page 49 of the annual information doc (not the results) for year 2017: "The Company has entered into security deeds to grant first ranking security with respect to Block 9 in Bangladesh which will become effective upon consent by Petrobangla and the Bangladesh government, and has agreed to use best endeavours to obtain all necessary India governmental authorizations to provide first ranking security over the Companys participating interest in the D6 PSC in India. Authorization has been received from the Reserve Bank of India and authorization from the GOI has been sought, but not yet granted." Congratulation to all longs on this board your patience is being rewarded. Now, we know that there is a news but we just don't know when the long awaited approval behind it will come. I thing it is very soon seeing how things are moving fast overthere. To the dude that inbox me asking me to slow down with my news, I won't. Everything we post it has no impact on the share price, big boys don't come here to gather their info. I hope I made your day. Finally, we see the light at the end of this very long tunnel. Have a good day folks!