November 15, 2017 / 12:17 AM / a year ago

BRIEF-Niko says co's liquidity situation remains a critical concern​

Nov 14 (Reuters) - Niko Resources Ltd

* Niko reports results for the quarter ended September 30, 2017

* ‍Company’s liquidity situation remains a critical concern​

* Niko Resources - co ‍has required certain consents from senior lenders to fund cash requirements over past months and received required consents​

* Niko Resources - ‍expect to require additional consents over upcoming months;no assurance can be made that lenders will provide consents in future​

* Niko Resources - ‍failure to enhance co’s cash resources on a timely basis will have material adverse impact on ability of co to fund its operations​

* There are material uncertainties that may cast significant doubt about ability of company to continue as a going concern​ Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below