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In the markets today. The spx is up well over 20% over the past year. Same for the Russel 3000. The tech index is up 60%. You genious investors are dumped in the ditch with massive losses.
However nice and I’m sure useful the CC will be for the small community I don’t know why it is discussed on this forum. It’s smaller than my house. I guess its in the same vein as the road improvements. Grasping at straws.
That was a fairly reasonable post.
Your quote “ We haven't hear about the third party due dillegence experts being hired yet. I don't know if there will be PR about it. Maybe the intel of the third party due dillegence experts is included in the new FS.”
Maybe someone can ask if Niocorp has funded the experts yet? Then you know its in the works as per exim attachment f:
https://img.exim.gov/s3fs-public/pub/pending/eib95-10_attachment_f_project_and_structured_finance.pdf
I have trouble understanding how experts working off a 2019 FS costs that also doesn’t incorporate the many proposed changes can be useful. Where is the new FS?!
EXIM says they need a current FS so why look there? You should just be looking at NB management to deliver a credible FS. Can’t use Matheson fantasy Sc prices. He’s bought and paid for and non arms length.
Motivated reasoning. Grab a brain.
Okay, let’s say that unlike the previous unfinancible FS’s, the new FS is credible and shows a NPV of $4b. The EXIM loan would have some interest cost. Say 10% per year. I think it would be generous to say that would be a $1.2b hit to the NPV. Okay we have $2.8b left. Now stocks trade at a discount to NPV, almost always. So call it $2b. If by some miracle you can keep the share count to 200mm shares you might get $10 bucks. That is being very optimistic. However, you have to create a 5 fold increase in scandium demand which could stretch things out in the face of rapidly increasing low cost supply from Rio Tinto. Your view is a good example motivated reasoning.
Then again you have to figure that not getting financed at all is a distinct possibility.
You are right. The equity portion is typically 50% higher than the debt component. Of course there are royalties, streams and other forms of financing. They are typically used in mainstream mineral mining projects though.
Well that is tough without a fs. But for giggles let’s split the difference and say the number needed is $1.4 billion. With EXIM debt of $800,000,00 that leaves $600,000,00 of equity. At $3 US per share that adds 200,000,000 shares. That takes the issued and outstanding to about 240,000,000 shares issued and outstanding when you include the ECRC shares. Of course that would involve a change of control and all the complexities that would involve. Plus further dillution with warrants and options…Hard to say without a current and credible FS but I’d guess $3 to $5 us.
Or, you could go buy the Platina high grade low cost scandium project for $14mm …. Oh wait, Rio Tinto did that already.
Oh what a bozo you are. I bought a million excelcior from Sullivan at .25. I made out fine. Although it wasn’t the home run I hoped and expected. Things on the project changed. The ability to recognize that your investment premise has changed is key. Thanks for pumping Excelcior after it was screwed, it allowed me to exit and make several hundred thousand bucks.
You are too emotionally and otherwise invested to be capable of rational thinking. Confirmation bias defined.
How do you know? Genious I guess. The $1.2b was from 2019 numbers. They have proposed to add aditional REE recovery, which costs $$. Plus 5 years of inflation. Where is the FS? Fact is those who listened to me are so very far better off. And those who listened to cultists are getting killed.
Come on. You can’t be that dumb. Talk about confirmation bias. Read this slowly:
4,565,808 class b shares are vested and able to be exchanged on Mar 17 2024
3,391,596 class b shares are earnout shares where the stock price must reach a certain price to be exchangeable.
Half of these earnourt shares are exchangeable if NB hits $12 for 20 days and the other half if NB hits $15.
The 4,565,808 shares can be sold post March 17. Of those about 2.8mm are not held by insiders. God, I’ve done so much 101 level schooling around here. Painful.
The part where you think the price needs to go up before they can sell.
4,565,808 of the founders shares only have a time vesting restriction. March 17,2024 (a Saturday) is the end of the vesting period.
Incorrect. Not a surprise:
4,565,808 class b shares are vested and able to be exchanged on Mar 17 2024
3,391,596 class b shares are earnout shares where the stock price must reach a certain price to be exchangeable.
Half of these earnourt shares are exchangeable if NB hits $12 for 20 days and the other half if NB hits $15.
credit Scooter
Want a bet? Oh ya, you don’t honour bets.
You would have to get a lockup of ECRC convertible into Niocorp shares that are available for convertion March 17, 2024. We might see a filing around then or we wait for summer. Only a smallish portion of those are insiders who would be reporting sales.
These are not insiders so you won’t know.
Funds who did not redeem in exchange for founders shares.
AJA PARTNERS LLC,
CORBIN ERISA OPPORTUNITY FUND, LTD,
ACM ALAMEDA SPECIAL PURPOSE INVESTMENT FUND II L
CORBIN OPPORTUNITY FUND, L.P
ATALAYA SPECIAL PURPOSE INVESTMENT FUND II L.P.
I’d be very, very surprised if they don’t stumble over each other in liquidating. I think late March and beyond is going to be tough sledding for the share price.
“ Extraordinary Popular Delusions and the Madness of Crowds ”
Love that one. Read it a few times. Applies very well here.
Well that proves one thing. You have issues reading. You got JS’s number wrong by 10 times. I stated that they did not BUY shares in the last PP. I also do not believe that either of them EVER opened their wallets to buy a share. Shares aquired via some cashless or other scheme via employee options is not like writing a check.
Everyone is a Scott Honan fanboy. He and Jim Sims are smart. They never participated in the recent private placement. That is smart!!! They cash the stupid sheeps checks. They never put skin in the game. Ever. Great decade for them. Gotta save money for those great marine corp haircuts I guess.
That is a brain dead question. There was one weird pp take down at $6.30. That is still seeking an explanation. The vast bulk of funds that niocrap received this year is via retail investors by using Yorkville bid pounders.
Mark’s only point on the spac that is true. It increased liquidity. For Yorkville to hit bids so they could pay the negative $5mm the spac cost and that he could cash out his $4mm loans. Scumbag. You longs are just fish. Victims.
That news was just fluff and spin. Rio Tinto is lightyears ahead. Even Airbus is lightyears ahead. Just inventing more shite for cultist consumption they so eagerly lap up.
Wet dream for GXII bribed to hold 2.8 mm shares. Counting down the days.
If you think PD has a share left is assuming he is stupid no matter what he tells Walter. He never had that many shares to start with. His wife, who was on the payroll along with daughter, held the bulk of their shares to avoid insider trading reports. He is not stupid.
It is pretty obvious. When Yorkville was actively liquidating with their brokers who were executing trades all day would book a cross to Yorkville at days end. Currently they don’t seem to be active.
There is a reason. With Matheson’s help the inputs are rediculous. The proposed mine is a turd. You just have not been able to bridge that gap in your brain yet. It will come.
Excellent example of mass confirmation bias.
Yorkville or:
AJA PARTNERS LLC,
CORBIN ERISA OPPORTUNITY FUND, LTD,
ACM ALAMEDA SPECIAL PURPOSE INVESTMENT FUND II L
CORBIN OPPORTUNITY FUND, L.P
ATALAYA SPECIAL PURPOSE INVESTMENT FUND II L.P.
You didn’t get $.003 founders shares. So much stupid blindness around here. Willfull blindness. I guess that’s what makes it a cult.
Common sense and critical thinking is not your among your strengths. Inflation is not real?
That was a bold faced lie. Those are 2019 numbers. He knows better. He has lied more than telling the truth by far. Mark said…lol. Maybe the Washington Post should start counting his lies. Trump might have some competition.
It is the 5th we’re looking forward to. The NB fs, fail. The sc fs, fail. The restated sc fs that regulators insisted on with cautionary language. Then the ree fs using 2019 input numbers. That’s 4 in the bag. I think you may have failed to understand the cautionary language. Now they need some expert other than Matheson to come up with fantasy inputs as he is no longer arms length.
The $1.2b is based on 2019 fs numbers. You have 5 years of inflation. You have added costs (maybe, unless they drop it) to collect the other REE’s. Your head is in the clouds.
If Niocorp gets $800,000,000 the lender/investor will have a cleanched sphincter until the other $800,000,000 needed to build the mine is secured. It will stay that way for years until the mine is built and they can prove the market exists for their products at fantasy prices in the volumes they need.
Was the status of the completion of FS5 discussed? What steps remain? What costs are associated with it?
You mean that the more you can pay for scandium helps your case? Matheson is the wingnut that rendered previous fs’s unfinancible. The rediculous scandium alloy case is beyond hilarious. Multiple sources for them are available now.
You can tell when he’s lying. His lips are moving.
Those were a separate screw over. I’m reffering to the following GXII shareholders who did not redeem in exchange for millions of founders $0.003 shares that can be converted into free trading NB shares on March 17 as per Scooter:
Exhibit 10-2 shows those funds who did not redeem in exchange for founders shares.
AJA PARTNERS LLC,
CORBIN ERISA OPPORTUNITY FUND, LTD,
ACM ALAMEDA SPECIAL PURPOSE INVESTMENT FUND II L
CORBIN OPPORTUNITY FUND, L.P
ATALAYA SPECIAL PURPOSE INVESTMENT FUND II L.P.
https://www.sec.gov/Archives/edgar/data/1512228/000153949723000458/exh10-2.htm
“ LPC points out GX had to give shares away to get this deal done. I am thinking he is referring to Cantor Fitzgerald. In the end, it looks like the final number was Niocorp owing funds to complete the deal and GX insiders grabbing a large percentage of shares for a listing to the NAS.”
Of course they knew that virtually everyone was going to redeem. Why else would the non-redeemers get GXII founders shares as a bribe to not redeem? That was done in advance. MS is simply full of it. And the faithful other than stark12 and a couple others buy it hook line and sinker. Those bribe shares convert into NB in less than two months.
One wonders how directors got over 50mm votes when there are less than 40mm shares outstanding (even with the 7mm or so elk creek rc shares added in). Is there a super voting class? Scooter? Disregard. I now see that Putz posted 2022 results.
Bill Kelly reached out to me as well. I declined to go on record. Why bring on the wrath of cultists? Niocorp has gone to great lengths to silence critics. As it was he did a decent job in that story. I respect that Re-To-double D and Grunt were not just stupid idiots and gave some reasoned input.