Niko Resources Ltd NKRSF

RE:RE:RE:RE:No comments?

[Manthebull]

Niko really doesn't have many options here:
- I assume lenders will fund D6 but only them and Note holders will reap the benefits as I expect a new creditor agreement.
- I think sale is out of question as no one seems to be interested in paying Niko a fair sum
- Luckily Noteholders are senior secured debt but behind lenders..I assume lenders may throw in a bone for noteholders as they did before ..a small incentive to accept the new agreement
- If D6 pans out well lenders will be making lots of money lol with 15% interest on the current debt and potential a new facility at double
- As I said previously lenders funded the D6 so far with little to no revenue from niko..I will be surprised if they won't now as the natural gas rates are better.
- Big question is why Niko didnt just request a new facility from lenders before ....why wait till now and will RIL actually provide a default notice???