Niko Resources Ltd NKRSF

RE:RE:Reliance issues tender for MJ floater prize

[evenhand]

Clearly Niko would need support until production starts, if they aren’t getting enough from their various current holdings.

That is what we are waiting to hear about...monies held back by GOI, GOB or additional financing.

If they sell their stake in KG-D6, and they lose all their Bangladesh cases, I don’t know what they have left.

My biggest fear is that they do sell D6, all the cash goes to the various lenders and the remaining husk of a company is shut down, leaving common shareholders with nothing.

I am tempted to just unload and take my losses....but as the company keeps indicating that they think they will win their various legal cases, gas and oil prices are rising, and there is a lot of value in D6 that may not be realized in a fire sale, I keep hanging on.

Maybe that is stupid.  I am starting to think so.

Whar I really don’t understand is how the ICSID case doesn’t have ANY news shared since Aug 2017.