Niko Resources Ltd NKRSF

RE:RE:RE:Nikooo

[zibo]

Hi Manthebull, I don't think the lenders are prepared to write off 1/2 billion and since they didn't back Niko and let the PSC default, they have a lien on Niko's assets, I am thinking that they might be allowed to carry that lien when Niko's share in D-6, gets transferred to RIL, the lenders may have cut a deal with RIL to allow that, lenders wouldn't have to disclose anything and not take any action to save Niko, the Note holder's also have a lien subordinate to the Lender's so maybe note holder's lien would carry over as well . That would avoid the waterfall agreement.