Niko Resources Ltd NKRSF

RE:Grasping at straws ??

[Chucklee]

G1945V wrote: For what its worth.

Well if we are still playing with words as to what was reported in India in regards to Niko's 10% interest in NEC-25 in the Bay of Bengal, the  Financial Express   yesterday reported (in part) the following.  

"The government has approved Reliance Industries and British energy giant BP plc acquiring their cash-strapped partner Niko Resources’ 10 percent stake in gas discovery block NEC-25 in the Bay of Bengal. “Assignment of Niko’s participating interest (10 percent) to RIL and BP approved by Government of India,” RIL said in an analyst presentation on third-quarter earnings." (bolding added)

 

The report uses the verb "acquiring" meaning buy or obtain and not forfeit. As it seems this information was inadvertently leaked out by RIL in an analyst presentation in their third-quarter earnings. 

Still waiting for NIKO to put out an NR clarifying all of this and at least provide an explanation ( if any) why the stock price for NKO more than doubled with volumes reaching 4Mil + in short order beyond jan 17, 2018. 

I emailed NIKO requesting an explanation.... with no response thus far...not holding my breath. 

jmo
G1945V

I have called and emailed them several times but have yet to receive a response. 

Anyone else?