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We all bought what he was saying for the past decade. Unfortunately, he’s sold us a flaming bag of sh*t!!!
It’s so sickening that Dean Kehler and Jay Bloom brought nothing to the company except despair. I want Mark to explain to shareholders why he never had built in protections against them for not bringing in a set amount of capital or the deal was nullified. Every time I watch that bell ringing it makes me sick.
There’s something very wrong with how this “deal” was structured. I would love to see these guys hold a town hall today and face shareholders. I imagine Governor Pillen and all other government leaders in Nebraska would like some answers for Niocorp management’s failure on this.
Question, why would it have been a godsend for the Belgians? I’m sure the majority of them sold their PP shares and have been holding onto the hope then could cash their warrants in
Those PP kill the share price. Those investors just turn around and sell their shares and have the warrants to fall back on if the management ever gets their sh*t together.
It’s really sad how poorly managed this project has been under Mark Smith’s leadership (or lack thereof). One decade of spending millions upon millions of dollars of investor’s money and they still haven’t produced a proven feasibility study. It’s actually pretty infuriating.
Mark Smith never fails to disappoint.
It almost seems like management is intentionally sabotaging the company. Seriously, how can such a “veteran” mining team be so f*cking horrible at business.
The article says over 4,000 Nebraska resident investors. They haven’t had a town hall in Nebraska since November 2022 when they had three town hall meeting in a row to accommodate all the investors. They promoted the GXII merger to Governor Pillen and the shareholders. It’s been a f*cking nightmare ever since Mark got us involved with them. Mark is the captain of the ship and he let the pirates take the ship.
What happened to Walnut? He’s been pretty quiet lately. I hope he’s in good health and spirits.
Mark Smith is responsible for this merger failure. Plain, simple, fact! He’s made fools of both Governor Pillen and the previous Governor Ricketts (now senator). The many local and state legislators that have been involved and supported this project look like fools. Constituent investors are in the red and they’re seeing red. GO BIG RED!!!!
https://nebraskapublicmedia.org/en/news/news-articles/new-financing-could-quicken-pace-of-niocorp-niobium-mine-project/
It’s very disturbing that Mark pushed for this merger and the result has been the evaporation of hundreds of millions in market cap. What’s even more disturbing is that two of the GXII executives now control around 20% of the company. Roughly 4 times the amount of shares as Mark Smith. Why was this allowed when GXII brought nothing to Niocorp shareholders?!?!?
The last time they had a formal visit with shareholders in Nebraska was when they had several town halls November 2022 along with Dean Kehler to swing the vote for the GXII merger. Seeing how horrible that went and the hundreds of millions in market cap lost since then, I wouldn’t expect a visit from them anytime soon.
Initial investors who have stood in support of management for a decade have been betrayed. I really f*cked up by not bailing when they announced the SPAC. I really thought Mark was a great businessman and would have ensured that there were some protections in place for investors in the deal. The deal should have never happened if a benchmark amount of capital weren’t raised from the deal.
Reality is tough sometimes. Mark and his mismanagement team have spent a decade of investor’s time and money to pay for their bloated salaries and ridiculous bonuses that sure as hell are not commensurate with their performance! They have created two feasibility studies and we are now finding out that neither of them are bankable feasibility studies. They have a lot of work to do before they gain my trust back.
“The way I got treated, I hope that they don’t treat the community that way,” Beverly Beethe - Landowner whom Niocorp purchased land from
https://www.sec.gov/Archives/edgar/data/1826669/000153949723000119/n2574_x79-425.htm
All the positive reports, pomp and circumstance are all for nothing when management fails to execute time and time again. They failed to perform adequate drilling for a bankable feasibility study. They failed to secure financing from lenders A, B, C, or D when it was proclaimed that financing was imminent in 2019. They failed to execute a good deal with GXII.
We have a market cap of less than $75 million from a market cap of over $300 million. Mark and Niocorp management should be ashamed of the bonuses and raises they continue to reward themselves for such failures. Stop squandering investors time and money! There are no more excuses!
Dear Niocorp management, could you please get your **cking shi* together! Ten years and we still don’t have a bankable feasibility study. Stop squandering money and time!!!
That’s wonderful, too bad the genius team in Centennial didn’t think to use those registered shares BEFORE the 1 for 10 reverse split and the fu**ing disastrous acquisition from GXII!!!! Mark Smith is a self proclaimed veteran mining expert, but an ignorant businessman.
These scumbags in Minnesota defrauded taxpayers out of $250 million. Meanwhile, the gang in Centennial, Colorado have cost investors more than that in market cap with their incompetence.
To make it worse, they allowed the GXII wolves to gain control and even put two of them on the BOD. Mark has destroyed his credibility with his actions. Mark needs to be doing some explaining if he expects to gain investor’s confidence.
https://www.justice.gov/opa/pr/us-attorney-announces-federal-charges-against-47-defendants-250-million-feeding-our-future
Mark and Jim giving their presentation of Niocorp Worldwide to JP Morgan and EXIM. Walter there asking who’s steering the boat…….
It not going to happen. Look a the GX slaughter that they orchestrated before Niocorp. An investor with 100K in Celularity before the GX SPAC would now have just over 3K. I would like to hear Mark Smity explain to shareholders why he pushed for the acquisition when the GX sponsors have a sordid history.
I felt Mark was not to blame for the downfall of Molycorp and that Niocorp would be the project to build his reputation. His failure to perform his due diligence of GXII is inexcusable. Mark’s incompetence has resulted in hundreds of millions in market cap. When he handed out raises and bonuses that were not commensurate with the poor performance, he lost all respect I had for him.
Yes, it is very concerning how this keeps happening. This is why several investors who have supported management for nearly a decade have had enough. They bent us back and forth too many times and that trust is broken.
If you’re from Nebraska, reach out to your district legislator to push for answers. I looked it up and Julie Slama is the legislative representative for Elk Creek. It’s time to turn the heat up on these assholes.
https://nebraskalegislature.gov/senators/landing-pages/index.php?District=1
First time I’ve ever put anyone on ignore. Moving on now and holding Mark Smith, Niocorp management and the BOD accountable for their incompetence without the chirping of AO’s ignorant and incoherent posts.
You and your buddy AO keep licking the boots of Mark Smith and this joke of so called veteran mining team. Two idiots like two peas in a pod.
Answer this: What was the purpose of spending millions upon millions of dollars of shareholder’s money to do two feasibility studies that we were told to be “BANKABLE” feasibility studies over a decade?!?! If it was BANKABLE, we would not be required to raise millions for additional drilling. Niocorp management is a joke and you two clowns look like fools.
I was warned and I am paying the price for believing in the Niocorp management team. I have given them my support for nearly a decade. I regret not pulling out when they announced the GXII SPAC.
The problem with people like you, is that you don’t realize you’re stupid, but everyone else knows.
Hey moron, what was the purpose of spending millions upon millions of dollars of shareholder’s money to do two feasibility studies that we were told to be “BANKABLE” feasibility studies over a decade?!?!? BANKABLE FEASIBILITY STUDY!!! Do you understand what that means?
For you to come out and say you applaud EXIM for doing their due diligence and asking for additional drilling is saying Mark Smith and Niocorp management are incompetent. Unfortunately, you would be correct. Mark Smith and his team are NOT the veteran mining experts that they portrayed themselves to be. We all fell under the spell. They led us into the hands of Jay Bloom, Dean Kehler and Mike Masseli.
Mark fed us to the wolves.
Mark and his team gained our faith, our trust, and our confidence. They appeared to be people. We related to them, but they’ve proven to be dishonest. Who would have ever imagined that we would have been taken advantage of like this?
Ron Jeremy is probably one of the most notable male porn stars, but Daniel Arthur Mead (aka Long Dong Silver had Ron beat by a long shot (pun intended). I’m not going to try to guess what LCP would fall into that category, but I’m going to guess he has balls 10x the size of Mark.
Hey, it’s a great buying opportunity 🙄💸
Mark Smith needs to be held accountable for this! He is the captain of the ship and he allowed these pirates to decimate his crew of investors who have been faithful to him for the past decade.
Agreed, we have been lied to. If there was all this competitive tension, we would not need to pull the equivalent of pay day loans with Yorkville!!!! It disgusts me how management has been able to BS investors for as long as they have.
The project was said to be shovel ready. We now know that is a lie. We were told there was competing tension. Yet no one has stepped up with financing to complete the third, yes third FS. Why is that?
Great time for a private placement. Management has let the SP run into the ground over the past several months and done nothing to start the FS. Now we have a SP below what has been seen in over a decade. Perfect time for a private placement to further dilute the stock, but it will need to be done. The incompetence of this team in Centennial is astounding.
We all believed in these guys. This is not the product of a veteran management team!
If that’s true, then why in the fu*k wasn’t it done before!!!!!!!!!🤬🤬🤬🤬🤬
Makes me and everyone else here nauseous how you continue to deflect from management’s constant failures and incompetence!
This smoke and mirrors BS is definitely getting old. Yet, there’s still a handful of investors who continue to praise management for their incompetence.
Wonder when the boys from Centennial will have a town hall in Nebraska again. It’s time to answer investors questions and concerns. They can’t dazzle investors with their bullshit anymore.
FS, we don’t need no stinking FS!!! Just give us the $$$
The technology to mine and process the minerals will only get better in the future. Let’s wait another decade because the technology will be even better than it is today. We need to give management time to develop this. Thank god we didn’t get that imminent financing back in 2019!!! Can you imagine what a disaster it would be if we could have been potentially operational by 2016 when that statement was made in 2015?!?!? Whew!!! We just keep dodging the bullet by not getting financing!
https://nebraskapublicmedia.org/en/news/news-articles/elk-creek-niobium-mine-could-be-operational-by-late-2016/
Count your blessing that we have yet another year to collect on these cheap shares!!! Prudent Capitalist and his crew must be feeling very grateful.
Prudent Capitalist could not argue the truth behind everything you just stated. It’s absolutely sickening to see how Niocorp management has done the retail investors who have backed them for all these years. My biggest regret is believing in these guys, allowing myself to be convinced they were honest and trustworthy. They proclaimed that the GXII was going to be what we needed.
The GXII merger has shown to be a complete failure. After one year, we have lost hundreds of millions in market cap. We have added millions of shares of dilution. We are nearly 80% below where we were before the merger. I can not fathom why Dean Kehler and Michael Masseli were appointed to the BOD. I believed in them and I regret that. It will be very difficult for Niocorp management to gain investor’s trust and support back.
Heiko Ihle from H.C. Wainwright has had a buy rating for several years and his target has NEVER hit! He has a 48.70% success rate, which means he has a 51.30% failure rate 🫠 The fact he lowered his target is not indicative of positive results.
That’s not being negative or spreading disinformation as AO would proclaim, it’s a fact.
Ah yeah, sooooooo unreasonable since the price of rare earths are less than what they were when the last feasibility study was conducted. Just another moronic misstep from management 🤬🙄
If they had included them to begin with. Financing would have been a slam dunk when the prices climbed! Now they’re spending millions more on prices that are the same as before!
https://agmetalminer.com/2024/04/05/have-rare-earth-metals-hit-bottom/
This is frustrating, to say the least. Niocorp management failed to include rare earths in the initial pilot plant testings and feasibility studies. Now rare earth prices have plunged back down. If they would have just included them in the beginning, we wouldn’t have had to spend several years and loss of hundreds of millions in market cap. The incompetence is astounding.
https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/rare-earths-price-plunge-drives-lynas-mp-materials-to-clamp-down-on-costs-80587464