GREY:NKRSF - Post by User
Post by
King-of-Kingson Jun 14, 1999 3:05pm
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Post# 882987
Update... as a reply.
Update... as a reply.NKO is getting closer to breaking out... as drilling commences off the semi-offshore platform starts sometime soon (pending a final permit from the government... Niko's management is confident that this permit will be granted).
However, the rumour I heard is that one British Mutual fund co. has lost its patience and has been dumping all their shares... approx. 1,000,000 or so.
The selling is now over, and we should see a rebound of the shares ASAP. In fact, I see the stock is up +0.30 already today.