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Remember back when we were all getting excited about an Air Permit? Ah, simpler times. The Salad Days.
And once we get financing, it will read, “You Are Now Here!”
Given the federal funding process, and the vagueness of the news release, I sincerely doubt that NIO will receive anywhere near the full $10 mil. from the 2024 NDAA.
The NDAA (with the key being "Authorization Act") is like you setting aside $10,000 next year for a family vacation. You know you want to take a vacation, but you haven't decided where to go. Thereafter, the follow-on "Appropriations Act" is when Congress decides on where the family will go on vacation. Although nice that local politicians get to show they're working for their constituents, every other representative in the country will have a say in where that $10 mil. (vacation) will be, and they may want to vacation closer to their own homes.
Fingers crossed that I'm wrong, but the NDAA is merely the idea. The Appropriations Act is the real deal.
This is great news, but I question why they don't name the "major aerospace defense contractor." If they won the bid, why can't they provide the name of the company they've just contracted with?
About 20 years ago, I was heavily invested in a stock like this, which was only commanding a very small price on NASDAQ. Just like NB, there were many naysayers who talked SP down, and sold short. This scam worked for a while, but as positive news started coming out, the pressure on those short sellers became a “short squeeze.” It wasn’t long before the panic by those short sellers catapulted the SP, which combined with the positive news, resulted in significant rewards for those who weathered the storm.
I’m not advocating that anyone hold against their own interests, but confidence in a well-run company can pay off in the long run. At the end of the day, who do you trust?
Beware the acceptance of government funding when considering buybacks. After the Chips and Science Act gave $52 billion to companies to make semi-conductor chips domestically, Congress is now asking the Commerce Department to get involved. “In a Feb. 10 letter, they demand that Secretary Gina Raimondo ban chip makers that receive government funds from buying back stock for at least 10 years.”
“Unless you’re the teacher’s union, there is no free government money.”
Remember, $402,820 is for a part-time job. Given all the other companies he's involved with, I'd be surprised if he spends more time on NIO than some of the posters on this forum
I love this play and its potential, but occasionally, a little voice in my head warns me that the real fictional spew is coming from talking heads at NIOBF. Then I relax, square my shoulders, and push through the doubt.
Following this stock is like watching The Curse of Oak Island.
Every episode contains lots of promising discoveries, with the buried treasure just under the next pile of dirt (imminent), only to be continued on the next episode.
Come to think of it, that series has been on for around 9 years, just like my investment in NIO. COINCIDENCE?
Great info kmack.
Yikes!!! This board will cancel a message quicker than Twitter.
Excellent suggestion MB.
That's funny, I thought the "non-deal" roadshow was your commentary on NIO's lack of a financing deal. Who knew it was the actual name of the webcast
I'm right there with you kmack.
What did IROC expect from their request, a statement from NIOBF saying the run-up was due to insider trading?!
The only possible response was the one Jim provided. So aside from smashing the rally, what was IROC looking to accomplish with their request?
I daydream about IROC sending a request about why the share price is falling so much without any news. That way Jim can answer that the fall is caused by IROC's ridiculous request about a price increase.
Right there with you kmack.
What self-respecting reporter in his/her right mind wouldn't want to do a story on something in which a lot of people are expressing an interest?
My experience has shown that very few reporters "discover" their own stories. They get tips and ideas from people like kmack. If nothing else, they might do a story just to stop all the emails.
Thanks kmack. You're PR work is much appreciated. You truly are NIOCORP's biggest fan.
Exactly!!!
For the past 6 years, I've been excited by .005 gains with 50,000 volume. Although as frustrated as everyone else by the pace, being above $1 with 10 - 20 times the volume makes the wait a lot more tolerable.
All in with Newsmax, kmack. Thanks for the link.
Operation GET NIO ON CNBC
Below is a copy of the computer generated email response I got after I sent an email to CNBC at customercare@cnbc.com, suggesting they do a segment on a planned mine in SE Nebraska by a company named Niocorp, which I'd seen something about on Fox Business. I know it's not much, but I'm sure CEO's are always trying to get air-time on CNBC and what might be more interesting to CNBC is a grass roots effort asking about a particular company. And the best part, there is so little effort involved and the cost is zero.
Let's all give Mark a hand at getting this thing across the finish line and send an email asking for some air-time on a timely topic.
Suggested items in the SUBJECT line are: NIOBF, Rare Earths, CEO Mark Smith
We can't really criticize Mark if we won't even take the time to send an email to help the company.
Oh yeah, Do your own DD - Just my opinion - blah, blah, blah:)
Hi there,
Thank you for contacting CNBC Customer Care.
Your request (158481) has been received, and you will receive a response from the CNBC Customer Care Team within 1-2 business days.
In the meantime, you can reply to this email if you have any additional questions or comments.
Thanks and hope you have a great day!
Best,
CNBC Customer Care
customercare@cnbc.com
I just sent off an email to the generic customercare@cnbc.com and will get back to if/when I get a response
Given that many on this board submitted multiple votes to get NIO an award last year, I say we all ping CNBC to get Mark Smith on "Squawk on the Street."
If we picked up that many eyes on NIO from Fox Business, just think what CNBC could do.
Instructions from the Squawk on the Street website:
"We love to hear from our CNBC audience!
You can submit any feedback by emailing customercare@cnbc.com or using our webform. To ensure that your feedback is reviewed by the correct CNBC team, please be sure to include as much information as possible about which article/product/show/anchor/etc. you are referring to."
A big thanks to JCMG44 and SagittariusA for the timely heads up on the Fox Business appearance an hour before it began. NIO was still in the 60s at the time your your posts and the SP crawled, walked and ran thereafter.
I for one would never have been able to participate in all the fun today but for your timely information
Today is Lincoln's birthday. Washington's is Feb 22. Of course, it's something a Canadian most likely wouldn't have learned. Much like their facts about American politics.
I recommend NIO staff and board of directors move to Elk Creek until financing is finalized. With upcoming sub-zero temperatures in the forecast, this could significantly speed up the process.
I think we’ve all put too much emphasis on that Project of the Year Award. If I recall correctly, a lot of the posters on this board bragged about how many times they voted. Add this to the lack of any coverage of the award by significant news outlets, and the fact that the NIOBF staff was the only recipients that appeared to care about the award (some of the awardees didn’t bother to even logon to the webcast), and the award appears to have the legitimacy of a political election.
Thanks Kmack
You've shown me that there truly is a silver lining in our prolonged wait for financing.
It is that you appear to be getting crazier and angrier with each passing day.
Can someone give me a brief explanation as to why 15% of Niocorp's dividends will be withheld for Canadian taxes? (Refencing page 41, of the 2020 Annual Report, and from my interpretation of the Canadian Tax Act, as adjusted by Article 10, of the U.S.-Canada Tax Convention Act of 1984)
Given that the mine is in Nebraska, the Corporate Office is in Colorado, and the NICORP website states that NIO "is a U.S.-based mineral development company," why is it still subject to Canadian taxes?
If the answer is merely that NIO is a Canadian company, the next question is why is it considered a Canadian company? No disrespect to our neighbors to the north; I just don't like paying taxes, to anyone.
I know the issue of dividends is a bit premature, but it's clear we have a lot of time to discuss a lot of issues while awaiting financing.
If they've admitted to $920 million in wrongdoing, just think how much JP Morgan really stole. No one ever pleads guilty to what they really did, just to what the government is willing to accept.
Well said AO. Stock performance charts are great for financial advisors and business journalists, but it doesn't really matter how well or poorly they perform if you don't own any shares.
We're all the smartest investors in the world - right up to the point that we buy or sell. That's where it all shakes out.
Let 'er ride Guys and Gals!!! I don't know what yard line we're on, but we're close to the goal.
I find it very disconcerting that most of us on this board hold more NIOBF shares than a member of the board of directors.
I'm trying to gain some insight into the book issue by reading Memorias De Um Vendedor De Niobio by Jose Alberto De Camargo, but it's really hard, cuz it's in Portuguese, and I can't read Portuguese.
Once I'm done with it I'll start on the Chinese book.
That should fill my time while we're waiting for financing.
You're on a roll.
Just get it all out now and you'll feel better in the morning.
Conversely, NIO is heading back to its pre-pandemic levels as well.
Good info grunt
Also, there are a lot of reputable platforms now providing "commission free" trading to avoid the need for the AON. Although Robin Hood started it all, etrade, Schwab and Fidelity are some that are now on board.
Once we get financing, there may be a lot of buying and selling.
Bars - If you are building it, they will come.
“Learn the art of patience. Apply discipline to your thoughts when they become anxious over the outcome of a goal. Impatience breeds anxiety, fear, discouragement and failure. Patience creates confidence, decisiveness, and a rational outlook, which eventually leads to success.” ~ Brian Adams
Given the need to set stakes, move earth, and place utilities, it will be months before a build will get anywhere near 500 people at a time on that job site, if ever. So the state's guidance on the number of permissible people is a non-starter on why the financing is not being completed.
As for travel restrictions, it's the 21st century fellas. Even old guys like me can get legal and financial documents processed without needing the customary "grip and grin" to seal the deal. I don't know about the rest of you, but a good satellite photo of the Elk Creek location would satisfy my curiosity as to the location of the proposed mine.
The silence from management is maddening.
Although long and strong on NIOBF, I find it a bit disconcerting that the management team is dragging a red shovel around the country to send clues about pending finances. If that is, in fact, what they are doing, it seems a bit like playing little reindeer games.
Let's have a picture of that shovel in the ground surrounded by local dignitaries and the management team. Now that would be more proper.
I'm feeling a lot of bad vibrations coming from the Board was we end this week. Which is unfortunate, as many of the naysayers have been staunch supporters of our Field of Dreams in SE Nebraska for so long. Therefore, we need to hang tough, as we have all believed that if they build it, the money will come. So hold tight for the inevitable financing, as it will ease our pain. So let's all gird our loins, and go the distance.
Amusing to see AO opining that "greedy American and probably other Western nations"...are to blame for exporting all of our needs to China. Especially coming on a stock forum, where I doubt very much that all of our interest with investing in NIO is purely altruistic.
Face it, we all liked the cheap goods flowing out of Chinese sweat shops until it slapped us in the face. Can we fix it, you bet, but blaming corporations of being greedy is hypocritical.