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Byhahhhaha belly lauugh. Just such a zero.
Oh how much better your life would be if only you listened to LCP. Just practical facts that the cultists ignored. Sucks to be in your position. Absolutely an example of brain dead cultism. Sorry for all of you.
Oh you forgot one of the worst. Neal Shaw. Master of disaster.
In Niocorp’s recent filing they said they would file the audited 10k annual report on or about Sept 13. I have to get more popcorn apparently. This should be a fun one.
Well, to be fair the assets are most likely worthless unless he secures welfare financing from those who issue welfare checks. So unless he’s going to sell a few PC’s and office furnature to cash out its a risky investment for him. Maybe its shame. Maybe its pride.
What a bunch of dreamers and brain dead people.
Maybe Agnico Eargle or scandium producer Rio Tinto would buy Niocorp. Lol. Niocorp is worth less than zero. It’s just a fiction that allowed MS and his Molycorp crew to reap millions in salaries at the expense of stupid people who beleived their lies. They have made a great living in converting stupid people’s money into their money.
Seems Jim is as math challenged as some of you. Here’s to a constructive new year in 2023. $1.4 million due to be paid by $1.512 million 3 months later. That guy is a premium bullcrap shoveler. I guess cashing fat checks allows for selling your soul to bs investors. They have relied for over a decade that people who follow Niocorp are stupid and will continue to post bids for their benefit. And continue to do so. The flock was fleeced. Yet they continue.
Do the math. $1.4 due becomes $1.512 to be paid. Comon. It’s simple. They used the word “aggregate” to obfuscate it. Unblinker yourself.
You are full of crap. As usual. Niocorp just entered into a 40% interest deal. You shovel bullshit. Always and everytime. The destroryer of wealth for your ego stroke.
Since Niocorp has never had a dollar of smart mining money and relied on ficticious input values and are still using 2019 fs costs which have to be 50% wrong the deal is toast. Its a hail mary welfare case or bankruptcy. And even the EXIM hail mary needs NB to spend money they don’t have. Fak they are paying loan sharks 40% interest to extend a loan that was 20%ish interest. Folks, they are paying 60% interest to be able to cash the last few fat paychecks they are going to get. You suckers should have listened to LCP and Tedro. I only had the hope to prevent newby mining investors from getting wiped out. Sorry Putz. Sorry Landmark. Sorry nasty ReTodd, Sorry the rest of the cult that you are just incredibly dumb.
But the fact is that he took $4mm of his loans out by using toxic debt. Bid pounding. And now he is willing to pay 40% interest on debt instead of reinvesting. This deal is so toast.
Rather than Mark loaning the company money he’s happy to pay 40% interest (plus userous terms on the original debt). He only wants as many more fat paychecks he can collect for himself and the his exMolycorp crew. Walter, where were you this month? Lol.
$1.4mm was due in Sept 1st. With the amount paid and the amount pushed to December added up it’s $1.512mm. That is 40+% annualized. On top of the original bend over terms. Man, I would have loaned them for 39%. Maybe.
They have to repay $112,000 more than what was due. It looks like 9.5% for a three month loan. Yes, as you said that’s on top of the original userous rates. Looks more like 40% annualized to me. Loan sharks didn’t have many options. If my math is right…
I’ll take you half way there. Mainly I’m busy building a house and taking my puppy to various dog parks.
https://www.sec.gov/edgar/browse/?CIK=1512228&owner=exclude
Grace period is 5 days. It’s the bottom of page 37 of the 8k on the purchase agreement from 4/12/24. Never doubt Tedro.
How do you come up with that? There was no money raised and there is money past due to avoid default. Eating popcorn here.
Is today D Day? Loan default day?
Common sense is what is suspect Monacle is basing that opinion on. Plus Walter’s chirp that Niocorp has friends when needed. This $8,000,000 loan is really turning into a hilariously terrible deal that could only be designed by desperate fools.
Doubt that. We know too much. Backfire hurricane. For me, it would be very much fun and a purpose. I’d welcome it.
I think Niocorp management and their lawyers are nervous about prior fanciful claims and how they could come back to bite them. Notice how the cautionary language warnings have ballooned? Notice how MS got his debt loot out by using toxic debt? We’ve got a company that needs a hail mary converted into receivers who are handcuffed and blindfolded.
CENTENNIAL, Colo. (August 26, 2024) – NioCorp Developments Ltd. (“NioCorp” or the “Company”) (NASDAQ:NB) today provided its preliminary financial results for the fiscal year ended June 30, 2024.
Selected financial results expectations for the periods include:
• Loss for the fiscal year ended June 30, 2024 of $11.395 million, or $0.30 per share, compared to a loss for the fiscal year ended June 30, 2023 of $40.080 million, or $1.34 per share.
NioCorp intends to file its audited consolidated financial statements for the fiscal year ended June 30, 2024 in its Annual Report on Form 10-K on or about September 13, 2024.
Niocorp owes $1.4 million by next Monday. Then they owe $1.4 million the month following to avoid debt default. What a great deal they entered into. Complete financial bozos. Borrow $8 mm to get $6.9mm then do pp’s at very low levels. Bonkers. A fentanol user would even discard this deal.
The Stellantis deal required exactly zero dollars from Stellantis.Exactly the same that Niocorp waved arms on previous deals. No one has risked a buck on this stock except for the Walter cult.
There is something weird about the 100 share board lot bids/offers indicated by nasdaq. Seems shares, not lots, are what they are really showing.
One week left to raise funds to make payroll and $1.4 mm debt due for this month. Post more bids!!!! A whole lot of more bids.
If they are paying the recent Yorkville/Lind $8mm loan that netted $6.9mm by using PP’s at cheaper levels with warrants make it a rediculously horrible deal. Probably 50% interest all in. What a bunch of bozos the shareholders and bidders are. Just to keep the Molycorp gang in the top 1%ers by converting bidders money into their money.
I guess some think a financing is coming in the next two weeks to avoid debt default. So many times this stock shot up only to flame out. I guess we’ll see. What a daytime soap opera.
You are right. The Molycorp gang is cashing in as much as they can by converting shareholders bids into their money at obscenely high salaries and bonuses as fast as possible. They know the gravy train is about to end. MS getting his loans out by hitting the cultists bids was the obvious give that the deal is only a bonked fish with a couple death wiggles left. Boilermaker, you seemed smart. You were just one of hundreds of non mining experienced cultists that spread disinformation that caused huge pain and loss for so many people. Hope it hurts you to be one of the prime deliverers of disaster to so many families.
They are not transparent with Walter. They feed him messaging they hope the cultists will suck up. Game changing verticle integration. Lol. An usefull idiot.
What is a glimmer of hope that isn’t based on fantastic thinking? None. This is just a pure shit deal that sucked in hundreds of brain dead fish. Walter sure helped. MS was the chief Bullshitter.
What happened to your Stellantis will happen? You are just a spoon fed bozo that is desperate for, against all facts, an outcome that doesn’t involve you having evaporating $100,000,000 of your fishes wealth. Stick a fork in it. This chick is toast.
Nobody would offer to buy out this turd. At any price. Mining money is smarter than the bullshit this crew has been serving up.
The problem for most of you is that you don’t grasp that it’s just a shitty project that probably requires $1.5 b to get into operation only to lose money and go bankrupt. Why has no private smart mining money ever participated? Shitty project with lies and fake Matheson inputs is why. The only narriative left is a hope the government money is stupid enough to save your asses. I call that welfare.
17 days to come up with $1.4 mm to avoid debt default. Then 30 days for the next one.
Are you going to hook a mullet to make the September 1 $1,400,000.00 payment due to avoid debt default like you did 2 months ago? How about October 1?
Sounds like the bs you fed sheeples for over a decade. And you dishonourably renegged on a bet along the way. Just a Pied Piper leading his rats into destruction. All in the name of The Cult of Mark. You were used and abused. How’s your $100,000.00 in Mark’s Infinate Harvest working out for you?
Why? Are you having a mental health crisis that a decade of your life pumping this turd and finally realizing that this chick is toast has been a waste of your time a disasterous for your wealth? If so, seek help. There are crisis lines available to you.
Well I was the prime broker for First Quantam Minerals for a decade. That said many other major mining finance companies majorly participated in the journey to make them a top 5 copper miner. Made my career.