Thursday, April 17, 2014 7:37:41 AM
That being said at that time the project was seemingly in a strong position with little or no competitors and the management team seemed very capable and connected.
As investors we all thought the property was worth a fortune just because there was billions of Niobium in the ground.
Fast forward to years later. We learned that a 51.25% stake was not worth a fortune or even billions right away but was worth 32 million? Leaving us with value 48.75%.
Fast froward another year and a half and see where comparable projects are being financed and that our project sits dead in the water. The Property don't hold the enviable spot of dominance it once did and other projects are moving ahead and appear to have more capable managements.
Are these other properties better? That is not clear certainly everything we know about NioStar puts it in the top of the heap but if management can't do anything with it it might get passed by with another property and more capable management.
The truth isn't really that clear because there isn't any transparency regarding where we are, what road blocks are impacting progress. Maybe Scott is about to close a mega deal? I highly doubt it as I don't confuse the long term silence and declining stock price with some brilliant management move like some do that Scott is out smarting all the financiers to get SRSR shareholders a better deal and all the silence is NDA related.
We would be extremely lucky to get a deal even at the level of the SOE deal, more likely based on the other company's recent financing's the value is half of that original 32 million IMHO?
I don't think the NSR is worth anything bear what you do. I also think that is the scheme of all that has gone wrong here its a minor issue.
Lets face it this story isn't at all what we thought it was years ago.
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