Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I am still hopeful. only bankruptcy filing scares me.
Yup. A great dump of turd emogies from peeps who have had devastating losses. How’s that working out for you?
You got fleeced. This chick is toast. EXIM doesn’t even have a total project cost number. They will be as gone as Stellantis is in no time. The fact that zero mining money ever invested in this deal should speak volumes. Just a pathetic beg for government money. Government money can be stupid. But it’s starting to appear that they are not stupid enough to waste money on Niocorp. Better places with better bang for the buck than this turd project that pays the executive team obscene salaries.
What is a Shareholder Dispute?
Shareholder disputes often arise over disagreements about key management decisions, transparency and conflicts of interest among directors.
A shareholder dispute is a disagreement between shareholders and can arise with respect to the operational, procedural, or administrative aspects of a corporation. Shareholder disputes tend to be highly contentious and can have a significant impact on a corporation’s profitability, reputation, and overall success.
Common examples of shareholder disputes include:
Breach of contract, including a shareholder agreement
Breach of fiduciary duty
Business dissolution
Valuation of shares
Disagreement over management or operations
Fraud
Shareholder oppression
Shareholder Disputes Causes
Shareholder disputes can arise for a variety of different reasons, but some of the most common causes include:
Breach of the shareholder agreement – A breach of the shareholder agreement can have a significant impact on all the shareholders and the corporation itself. Examples of common breaches include selling shares contrary to the agreement, making decisions without the majority shareholders, or a shareholder attempting to terminate the agreement against the wishes of other shareholders. Failing to abide by contractual obligations tends to give rise to shareholder disputes.
Disagreements – Disagreements concerning the direction or operations of a corporation, such as terminating an employee, company spending, or moving the business and its operations, are often contentious and lead to shareholder disputes.
Fiduciary duties – Shareholders have many fiduciary responsibilities. At a minimum, majority shareholders must be honest and open with minority shareholders. Withholding crucial information or failing to act in the best interests of the corporation will lead to shareholder disputes.
Compensation or contribution – Disputes can arise over improper compensation or unfair contribution of shareholders. Particularly, when shareholders are employees and paid at disproportionate wages or when shareholders do not contribute a fair share to the corporation.
Disrespect of minority shareholders – Since minority shareholders have less of a role in the decision-making and management of the corporation, oftentimes they feel disrespected or unfairly prejudiced by the decisions of majority shareholders. If minority shareholders’ rights are not properly protected, shareholder disputes will arise.
https://www.forumlaw.ca/shareholder-disputes/
Another promise broken. This management cannot keep their word. Of course no one believes them when they spew 'positive forward looking statements'.
And the cheer leaders have not yet caught on that management has been lying, consistently and faithfully.
MasstrichtMan- Great Pay and Benefits! and don't forget not too many hours and results are optional! I don't know whether to laugh or cry...... we are in the 'ABYSS'.... nobody knows if financing is lined up? who is the source? when does the clock start? oh wait..... that is all under NDA, and Not able to talk about that! phew..... thank god for NDA's to shield company PR folks from having to update and be transparent to the investors....... WOOOOO HOOOOO..... reset the 9 month clock, shut up and go back to sleep...... we'll wake you if anything 'material' should happen, but there's a VERY strong chance, based on historical precedence, that NOTHING WILL HAPPEN for the next few months (IF EVER!!)...
NCT- wondering if i got fleeced or just need to wait 5-10 more years!???? Vexing indeeeeeeed......... Things move so slowwwww in NIO-Ville that we may go thru 3 or 4 more presidents b4 anything happens........ ugh..... still trying to purge those images from last debate outta my head.... that's all i'll say there...... Dear Gawd help us ALL!!!!
Jim responds to his buddies who don't question him and don't challenge him. For everyone else, they're silent.
This has been said SOOO many time and these statements have never come through nor have we been given a reason why they DIDN'T happen.
Liar, is more correct based on history and fact.
THIS. Exactly, THIS.
Did they make the $1.4mm payment or default?
This has been a complete nightmare since the GXII deal and Mark Smith is solely responsible. Giving up nearly 30% of the company for what?!?!?! NOTHING!!!
Agreed, two missed timelines from the CEO so far.
Google Stellantis news, lots of belt tightening and layoffs. An off-take/equity investment deal they signed with a pre feasibility study nickel mine isn't looking like a very good deal right now.
https://announcements.asx.com.au/asxpdf/20190604/pdf/445lqv6lxy90gf.pdf
600 Mio awarded by German kfw loan....
JPM got a part of the company
You make a good point... wherever Mark ends up after this, I am going to apply to work there... great pay and benefits.
It has been a year since it was announced. Something isn’t right.
https://www.stellantis.com/en/news/press-releases/2023/july/stellantis-and-niocorp-sign-rare-earth-offtake-term-sheet-in-support-of-stellantis-commitment-to-reaching-carbon-net-zero-by-2038
Or it's taking longer than anticipated.
Hey NorCal, hope you have been doing well and you asked some excellent questions. I found some interesting information on NDA’s and would love your opinion and others who are versed in NDA talk. Would love to hear from Mark and jim on NioCorp’s expired NDA’s A.S.A.P!!
BTW Tommy, I find it odd even the old faithful message board groupies have not been responding as of late to defend team NioCorp.
Honestly, that scares me to death for my investment as maybe they have giving up on management??
Why will management not tell us the fallout reasons for why mining construction/financing did not happen wayyyyy back in the 2015-2019 timeframes??
NDA time-periods on average: Whether or not the overall NDA agreement has a definite term, the parties' nondisclosure obligations can be stated to survive for a set period.
” Survival periods of "one to five years are typical with NDA’S." This is good news for us the investors who want answers. NioCorp is wayyyy past those NDA time periods by now.
Very informative NDA information we all should brush up on...https://legal.thomsonreuters.com/en/insights/articles/confidentiality-agreements#:~:text=Whether%20or%20not%20the%20overall,how%20quickly%20the%20information%20changes.
So, Jim Sims and Mark Smith are you telling us the NioCorp NDA agreements you have in play are 100% different than most NDA’s that businesses use?? Can you prove you have statute of limitations that exceeds the 1–5-year time periods??
Can we get copies of these NDA agreements that have expired?? You can take off the names and other private information we just want to see the lawyer verbiage on it and see the expiration dates so you can speak freely to us the investors.
Jim and Mark, Since you pride yourselves on transparency this is an easy request for us to view with our own eyes??
We have a right to know the statute of limitations on NioCorp’s NDA'S. You always seem to mention these nasty NDA’s when not responding to investors when they ask certain questions. This information can help us learn why all these deals never happened when you said out of your mouth the word “imminent”. Since those NDA’s have long expired you can tell us who dropped out or who dropped the ball for our mine to not begin construction.
Remember mark, You have a fiduciary duty to not only act on the shareholders best interest 100% of the time but also keep us informed.
https://usvanadium.com/board-chairman-us-vanadium/
https://www.techmet.com/us-vanadium/
https://www.prnewswire.com/news-releases/us-vanadium-acquires-materials-processing-plant-in-arkansas-as-it-continues-to-ramp-up-production-of-made-in-usa-high-purity-vanadium-products-301371111.html
A running company.....
For those who only see, they made
No Jim Joke sims ass needs fired! ZERO debate Joke is one of the worst PR/CCO, or wtf made up position coward smith has given this bozo. Give us 10 reasons how Joke sims has done a good job for us at NioCorp?? If missing self-imposed timelines and never keep us the investors informed, then this team has done an incredible job. Do you all think this is normal behavior?? Our mine is in Nebraska how often does our trash team even visit? How often do they do town hall events for us investors and the great people of Nebraska??? Think about it this way...This team of cowards have traveled 10,000 miles to Belgium more times this past year then met the folks of Nebraska where the mine is located.
Hey Mark, you have been the CEO over 11 years...shouldn’t you be thinking about running away and hiding so you can scheme new investors at your next epic failure??? I mean the shoe fits this is what you do...You run away when the going gets tough...It’s in your DNA its really who you are at the core. You are a proven coward, ZERO DEBATE UNLESS PROVEN OTHERWISE FOR US AT NIOCORP AND IBC.
(NYSE:MCP) were falling Thursday morning as the company's president and chief executive, Mark Smith, left without explanation and the company revealed it was under investigation from the United States Securities and Exchange Commission (SEC).Dec 13, 2012
https://www.mining.com/molycorp-shares-dive-as-ceo-quits-and-firm-faces-investigation-33993/
There is so much fictional bullshit spewed in connection with the bogus theories spread here.
Matter of fact, you are the Queen of it….
Tell me more......
Corrected version:
Thanks this will help for a month!
I guess this will not help a lot...
"Harry … sorry for the delay in responding. We have many initiatives underway now on project financing (as well as offtake agreements), but I am not allowed to discuss those until we can make a formal announcement.
Thx,
Jim
"
It’s become painfully obvious that management has misled investors. I’m guessing the Stellantis deal has went south since we haven’t heard anything. This is material information and if management has withheld this information, it is not a good. I really thought Mark, Jim and Scott were stand up gentlemen, but their actions are showing otherwise.
You f’d up. You trusted them.
Monocle- I also wonder too WHEN EXIM told them they needed the extra engineering and drilling.... it seems inconceivable, and highly improbable that EXIM would come up with these additional finance application items a YEAR INTO THE PROCESS....... something just doesn't add up..... was the project not sufficiently economically robust on it's own merit (the fundamentals that have been proven) without having to dig deeper and pull out more elements to justify financing..... and remember Jim and Mark said they were in touch weekly with the folks at EXIM, so they would have known WELL BEFORE the last minute a year plus into the process that was said to be expected to take 6 months....... NOT and inspiring effort by management. And now we are in the 'abyss'.... not knowing if or when the additional EXIM financing might happen or when the clock starts on the additional EXIM items required..... or where financing is coming from if not from EXIM....... COMON' for Christ sake.... can you throw the investors that have been beaten up hard..... A BONE !!! just so we know if this thing is still on the tracks or if it is a sixteen cent Hail Mary long shot...... C'MON MAN!!!!
NCT
Oh and how MS handed off the delivery of bad news to Scott. What a douch bag. Scott’s not much better, never invested a dime and cashes in a grand per day.
Dude, how could EXIM even entertain funding NB without knowing the current project cost? 2019 costing that they are using are a fantasy. Many inputs are up 50% since then. Utter fantasy. This deal is toast.
I also wonder WHEN exim told them they needed the feasibility study level engineering and extra drilling. How long have they known they had 9 months worth of work to pay for?
Lol. You turd and skunk etc emoji peeps have lost your asses and would be so much better off for you and your families if only you had just listened to an expert in the area, LCP tried to help you. Many listened, most did not.
I like nasdaq for real time quotes. They also use historic info on the charts. Not just since NB moved to Nasdaq. You can get a 10 year chart by hitting “MAX”.
https://www.nasdaq.com/market-activity/stocks/nb
What? You want to be spoon fed propoganda from the company spin machine? I wonder if they paid the $1.4mm today with the money they paid usuerous rates to borrow. Or defaulted. If so I has to be approaching 40% rates. Plus 600k warrants. Madness, shitty deal after shitty deal. Maybe the single investor who also got more shares and warrants made the payment possible. And that would have made the terms even worse. Hard to calculate but maybe an equivalent of 60% interest. Crazy times crazy = madness.
How is the company paying back the 8 million dollar loan if they were using most of the funds to take care of 5.3 million accounts payable that was due a few months back. Did I read that wrong. How are they able to maintain the lease unless they own the building . I have never been to headquarters but I am sure the lease is not cheap. Where is the funding coming from to meet payroll. The 600k will go quickly for that.
This has become so confusing to follow. I wonder if Mark will have to lend the company funds again. That might be hard for him to decide.
16.4 cents a share. Unfathomable to everyone.
Wagner-
Well that's wonderful that Jim selectively responded to you! Any way you can share with the uber frustrated MB members sir?? that'd be nice....
NCT
Do tell...
What's going on!?
Jim answered with delay, but he did to me
I wonder how many companies do the kind of drilling that needs done and how long their wait is right now?
I wonder how much money they need for the next 9 months? And where it'll come from?
Heavy selling late in the day again, a pretty big wall at 1.65 didn't last long. Another 10-year low.
Jim Sims owes shareholders an update.
Have bids been placed to secure the drill samples EXIM is asking for?
Has anyone accepted those bids?
The 9-month timeline...has it started? Is NioCorp using its current funds to finish the Feasibility Study?
When can we expect an update??????
Not looking real great here for the larger part of the last decade. EXIM just threw a curveball that will eat another year it looks like. You just got here and you are already rich anyway. Gamble away with your pocket change....
Dude its not short traders... its shortcomings. If it rises it wont be much till it falls again. Pay attention to the news releases not the chart. If it does rise it will only please the penny flippers in the very short term.
Falling wedge coming.....
Shorts not able to stop for long time
If volume is really generated this will
rise...
@putzmüller
Would you agree that at least shortseller playing with them sell???
Trades and order book.....
Anyones have different outlooks of NB future are all idiots??? We shall see.
Sadly, the more de-risked and closer to financing we are, the more inept we are discovering that management is. Mark Smith never fails to disappoint.
The timeline thing bugs me. These clocks don't start until we can pay for them. The recent NRs appear to be can kicking money that doesn't pay for the timeline (new drilling, FS, blah). The "9 months" appears to already be extended well past that since it appears the "9 months" has not started. I hope there is a lot more brewing than is shown on the outer skin in the newsroom.
Since I invested here, I lucked out and got different job that paid me enough in stock awards to cover my initial principal here. So if this evaporates into endless dilution or worse, I am grateful to be made whole by that. 😓 If this or IBC somehow pans out I'll be happy my numbers hit in the casino I guess.
Happy July 1st! 1.4M 💸💸 What a joke.
The “problem” has always been management. Toxic financing, horrid business dealings, and failure to execute is all they do. Mark Smith never fails to disappoint.
Thanks for your DD!
It's the second half of the year, Mark's "very conservative estimate" for a deal with Stellantis has passed.
Today Niocorp will pay back another 20% of the expensive 7 million they borrowed. They had to give away 630k in shares and warrants for less than half of that payment. That deal sure made it sound like they expected something to happen in late May.
Friday is a month since the railveyor presentation where they stated that 9 months of work remained before an exim decision.
For lack of funds, that clock hasn't started yet.
15 months since the SPAC merger failed to raise money and they have accomplished nothing since.
The problem is not shorts or manipulation, it's management.
Followers
|
461
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
113767
|
Created
|
09/06/10
|
Type
|
Free
|
Moderators Prudent Capitalist stark12 Landmark8211111 Nebraskan ALDRADJKD123 Rader1977 |
NioCorp Developments Ltd. is a U.S.-based mineral development company focused on developing several superalloy metals from the proposed Elk Creek, Nebraska Critical Minerals Mine. NioCorp plans to produce three commercial mineral products — Niobium, Scandium, and Titanium — from a single ore body in the Midwestern United States. NioCorp's Elk Creek Project is highly unique. It is North America's only niobium / scandium / titanium project. It is the highest grade niobium project in North America. It is one of the largest prospective producers of scandium in the world. Once in production, it will initiate the first production in the U.S. in decades of Niobium and Scandium. All three of the Project's proposed superalloy metals have been designed as "Critical Minerals" by the U.S. Government.
NioCorp is a publicly company that is listed on both the Toronto Stock Exchange under the ticker symbol "NB" and on the U.S.-based OTCQX exchange under the symbol "NIOBF." Shares are also traded on the Frankfurt Exchange, under the ticker symbol "BR3."
NioCorp Developments Ltd.—
General Inquiries:
Telephone: (720) 639-4647
Investor Relations:
Jim Sims, VP External Affairs
Phone: +1 855-2-NIOCORP (855-264-6267)
Email: jim.sims@niocorp.com
NioCorp Developments Ltd.— Denver
7000 S. Yosemite St., Suite 115, Centennial, CO 80112
Reporting Status | International Reporting: TSX Venture Exchange |
Audited Financials | Audited |
Latest Report | 2/7/20 (FOR REPORTING PERIOD ENDING 12/19) |
CIK | 0001512228 |
Fiscal Year End | 6/30 |
OTC Marketplace | OTCQX International |
SIC - Industry Classification | 1061 - Ferro-alloy ores (except vanadium) |
Business Status | Development Stage Company a/o |
Incorporated In: | British Columbia, Canada |
Year of Inc. | 1987 |
DIRECTORS AND MANAGEMENT
Mark A. Smith | CEO, President |
Neal Shah | CFO |
Jim Sims | VP, Bus. Affairs, IR |
Scott Honan | VP, Bus. Dev. & Corp. Rel. |
John Ashburn, Jr. | Vice President, General Counsel, Corporate Secretary |
CORPORATE PRESENTATION: http://niocorp.com/wp-content/uploads/NIoCorp_Corporate_Presentation.pdf
Overview of the Elk Creek Project: http://www.niocorp.com/elk-creek-project/
U.S. Geological Society description of Elk Creek Carbonatite
"The Elk Creek carbonatite, located south of Lincoln, has the potential to be one of the largest global resources of niobium and rare-earth elements (REE). These REE's have many important applications in industry, including petroleum-cracking catalysis, steel alloying, and glass polishing, and as sources of permanent magnets and phosphorus for television and lighting.
The Elk Creek carbonatite is buried beneath about 500 feet of overlying rock and is known only from drill cores, which, until recently, have remained proprietary. Scientists from the USGS and the Conservation and Survey Division (CSD) of the Institute of Agriculture and Natural Resources at the University of Nebraska--Lincoln have studied drill cores."
LINK TO CHART: http://stockcharts.com/h-sc/ui?s=NIOBF&p=W&yr=2&mn=0&dy=0&id=p85189412906
Website: http://www.niocorp.com
MEDIA, LINKS, SELECTED PRESS RELEASES :
http://investorintel.com/technology-metals-intel/niocorps-mark-smith-on-the-rising-global-interest-in-superalloys-scandium-and-niobium/
http://niocorp.com/index.php/press-releases/299-positive-metallurgical-test-results-point-to-process-breakthrough-that-may-help-reduce-capex-and-opex-in-niocorp-s-elk-creek-project
https://www.youtube.com/watch?v=OKO2VkR2MMk&feature=youtu.be
https://www.youtube.com/watch?v=mWOHEQRzWQQ&feature=youtu.be
https://www.youtube.com/watch?v=u_earl9doNM&feature=youtu.be
http://niocorp.com/index.php/press-releases/230-niocorp-named-the-top-performing-mining-company-on-the-tsx-venture-exchange-and-announces-conditional-approval-of-graduation-to-the-toronto-stock-exchange
https://www.youtube.com/watch?v=IbEbivUi2o4
http://wallstreetanalyzer.com/niocorp-developments-tsxvnbotcqxniobf-ceo-interview-update/
http://www.youtube.com/watch?v=R19DMe1ouqg
http://www.niocorp.com/index.php/press-releases/media/197-niocorp-ceo-mark-smith-interviewed-by-bnn
http://www.niocorp.com/index.php/press-releases/media/190-bold-nebraska-comments-on-the-development-of-the-elk-creek-niobium-deposit
http://www.niocorp.com/index.php/press-releases/media/189-tracy-weslosky
http://www.quantumrareearth.com/press-releases/163-former-molycorp-ceo-mark-a-smith-joins-niocorp-developments-ltd.html
http://www.niocorp.com/index.php/press-releases/media/183-rare-mineral-project-in-nebraska-to-bring-huge-economic-opportunities
About NioCorp
NioCorp is developing a superalloy materials project in Southeast Nebraska that will produce niobium, scandium, and titanium. Niobium is used to produce superalloys as well as High Strength, Low Alloy ("HSLA") steel, which is a lighter, stronger steel used in automotive, structural, and pipeline applications. Scandium can be combined with Aluminum to make super-high-performance alloys with increased strength and improved corrosion resistance. Scandium also is a critical component of advanced solid oxide fuel cells. Titanium is used in various superalloys and has extensive uses in aerospace, defense, transportation, medical, and other applications. It also is a key component of pigments used in paper, paint and plastics.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |