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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 ziboon Jun 24, 2018 10:09pm
211 Views
Post# 28221881

RE:RE:RE:RE:RE:Bigwhiskey

RE:RE:RE:RE:RE:BigwhiskeyIf NKO was a lost cause and liabilities exceeded assets the doors would have been locked and the lights turned off year's ago. The lender's would never have agreed to extend the financing for 2 years without payments and allow interest and total debt to increase unless they could see that they would be fairly certain that they would recover their investment. If the lenders couldn't see things working out for NKO they would have exercised their right to liquididate the company's assets recover what they could take their loss and move on years ago. So the odds are that things will work out, definitely not guaranteed because of the lawsuit that nobody anticipated and Bangladesh withholding payments. Winning the lawsuit is huge at this time IMO.
Bullboard Posts