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Agree with all of that, but where is the money? Why can’t Mark Smith get the project financed?
If he continues making incompetent deals like the SPAC with GXII, he will end up paying $3 billion to get $1 billion!!!! He is clearly not the business and financial genius he portrays.
Gotta give it to Mark Smith and his crew. They were able to blow enough smoke up all the investor’s arses for a decade and keep themselves employed.
They will need upwards of $50 million to complete the detailed engineering work that needs to be done before construction can begin. With the disastrous SPAC deal, Niocorp management have proven that they are the most incompetent and incapable management team in the mining industry.
Voted to remove all three from the BOD, but none of the members of the BOD had the retail investors best interest when they pushed along the disastrous SPAC. They should have had some built in protections in place to where a minimum amount was required or the deal would not proceed.
As an investor, I would have never thought Mark and the BOD would have been so negligent and ignorant. They all need to answer for their gross incompetence, especially Mark Smith.
There not a single investor here that can attest to Mark Smith’s great business acumen. The business deal he made with GXII is so bad that I don’t know how he will ever be able to hold a town hall and look investors in the eye.
I’m still amazed at how much of the company he gave up for a deal actually cost shareholders money. He was made a complete fool by Dean Kehler. Mark’s reputation will never be the same. Sadly, many of us believed in Mark and he has made fools of us.
I guess tax selling isn’t done with….lol. Again, the share price is a reflection of the incompetence of Niocorp management.
Putz, we all deserved better! Many of us have supported Mark for nearly a decade and we were fed to the wolves. We believed in Mark and that he had our best interest.
I guarantee Mark would not be parading Dean Kehler around at a town hall in Nebraska today without retribution for the disastrous SPAC that they convinced us to vote for.
They have made fools of the many Nebraska investors, governor Pillen, the Nebraska legislators and the Nebraska congressmen who have supported this project. I know several people in Nebraska who are not fond Mark Smith.
I would encourage any of the retail warriors (investors) remaining in Nebraska to reach out to their state legislators and congress representatives to ensure there’s full accountability.
HAPPY NEW YEAR!!!!
Yes! Hoping for a very Happy New Year. Voted not to retain Mark Smith, Dean Kehler or Michael Maselli on the BOD. Wishful thinking since they collectively control nearly 40% of the company, but I’m going to do my part to hold accountability to those responsible for destroying the retail investor’s holdings.
They’ve managed to continue to keep the lights on and keep the paychecks over the past 10 years.
They’ve managed to spend untold millions on two feasibility studies that has failed to bring financing for construction and now they are working on a third.
In 10 years time, the amount of dilution of an investor’s share ownership in the company is greater than 1/3rd of what it was.
The value or REE have dropped significantly since they began talk of refining REE and they have yet to definitively state they will be producing REE.
There has not been a significant off take since Thyssenkrupp in the past 10 years.
These facts are not meaningless. Only a fool would ignore the facts!
You should probably rethink that. One needs to consider that current Niocorp management has been talking since 2015 about being operational in 2016. Let us not forget the proclamation at the AGM in 2019 where “financing is imminent”, but here you are in 2024 saying this is going to be the year?!?! Niocorp hasn’t even secured enough financing to do the detailed engineering work that needs to be completed, let alone start construction!
With the current Niocorp management team and BOD, the only way we will all be attending a groundbreaking is that they’ll be spreading all our ashes at the ceremony.
https://nebraskapublicmedia.org/en/news/news-articles/elk-creek-niobium-mine-could-be-operational-by-late-2016/
It’s only taken Mark 10 years to run this company into the ground!!! You continue to make a complete fool of yourself, pathetic!
Sadly, he, Scooter83, and DOA have been right and no one deny that. It would be nice if it weren’t true, but it is. I just hope they find a good run where I can get out at my average SP.
Yes, short selling exists. The resulting Niocorp share price is not from short selling. Management is clearly to blame for their incompetence and failure to close a good equity deal. Then they had to pull convertible debt financing that is comparable too a pay day loan that desperate people take out to keep the lights on. The blame for this pathetic decline of the share price lies in Centennial, CO
FYI, never realized that was Kevin Bacon in Animal House until now. Best educational information I’ve seen on the board today, thanks 🤗
Your post #87341. You claimed scooter83 posts never have any merit. However, his post #87331 was dead on! I wish I had listened to him and others instead of believing the constant drivel coming from you!!!
Your post #88078 from same time last year. You have no shame!
What does that have to do with Niocorp? The stock has plummeted from a merger that failed to bring capital into the company and resulted in giving nearly 1/3 of the company up for nothing. Then the company had to seek convertible debt financing (death spiral financing) from Yorkville to keep the lights on!
The short selling boogeyman does not exist! The share price is the result of Mark Smith’s pathetic inability this run the company.
I haven’t lost any money because I haven’t sold. The only thing I have lost is my trust in management. If you can’t see how the retail investors have been completely screwed over by the GX SPAC deal, you’re hopeless.
I despise your contempt for everyone that has been critical of the deal that essentially cost us $5 million dollars, $250 million in market cap and gave nearly 1/3 of the company to the GX team for bringing absolutely nothing to the table!!!
Unfortunately, many of your predictions have come and gone without any validity. What makes this prediction any different?
Quoting Investopedia, I hope you’re not giving you friends and family financial advice.
He is seriously not the sharpest investor in the gene pool.
Seriously, how long does it take to finish up with the final results from the demonstration plant?!?! We are in year two now and they still haven’t released whether or not we can feasibly produce rare earths?!?! Still no work on Stellantis. Something smells in Centennial, CO and it’s not all the marijuanna processing in the area.
Those businessmen that have the voting power now are not very good businessmen. Look at what they’ve done to Celularity.
I’m on the email list and so are a few other stockholders that I know that do not participate on this board. Myself and no other investor I know has received any holiday greeting this year.
Good lord, We haven’t received a single NET value dime of capital from the GX deal!!! Yet management has managed to dilute the previous retail investors ownership by over 1/3!!! For what?!?! Not a single **cking dime in capital towards construction!!! We haven’t even gotten into the equity portion of dilution that has yet to come. Someone like you that continues to try to sugar coat the load of shit we are constantly being fed if the definition of insanity!!!
10 for 1 reverse split, decade low share prices, getting deceived into a deal that cost Niocorp shareholders over $5 million net, appointing two of the people that deceived the shareholders to the BOD, having to pull convertible debt from Yorkville…….you have a perverse idea of progress.
I bet you were all giddy when that bell rang. I’d love to meet you now. Why wait for something we’ve been told is imminent for years now. I’ve known way too many investors who have passed away over the past decade with the promise of financing being right around the corner and immanent. Turns out we are trading at decade lows. The stock could double today and many of the retail investors would still be in the red.
When do you predict the “ribbon cutting” will take place? There’s been the red shovel and talk of a groundbreaking in 2015 and being operational in 2016. I bet you were disappointed when Santa didn’t leave anything under your tree this year.
It appears Ms. Beverly Beethe seen the writing on the wall. Niocorp purchased the land from her and her response:
“The way I got treated, I hope that they don’t treat the community that way,” she said.
https://www.sec.gov/Archives/edgar/data/1512228/000153949723000119/n2574_x79-425.htm
Plenty of positives to report…..lol
Well, it’s been since February 21, 2021 when Mark went on the air with Liz Claman. It’s been nearly 3 years. What’s happened in those three years? Mark made a disastrous decision to merge with GX with the pretense we would obtain capital to begin the project.
When that didn’t happen, we had to go to Yorkville for convertible debt financing. Investors have been hammered over the past three years. What’s FOX News going to report on now? The stock rallied to over $1.60 ($16 today) and now we are trading around .30 ($3 today). Share holders hold 1/10th the shares they held before the merger. There’s nothing to report right now other than Niocorp management's incompetence.
Here’s to a Merry Christmas and Happy New Year! Let’s hope management stops making excuses and disastrous business deals and stops giving up massive equity to BODs that have brought nothing to the table.
Cheers to the shareholders who have been here over the years that have gotten their teeth kicked in this past year! 🍻
Yes, 90% of the retail investors are in the red here! You’re brilliant at figuring that out! 🥴
I guarantee that I own more shares than you and my average is well above the .30 ($3.00) today. I’m guessing that you’re well into the red, but you’re one of those people that can’t stand up against management and their poor performance because you would rather be treated like a victim than stand up against them. You are an easy target.
Meanwhile, the company leaders in Centennial, CO are completely silent.
They appear to be complete cowards who are complicit in the slaughter of the retail investors who supported them for the past decade! Just going to throw this out there, I hope the GX assholes choke on their dinner this evening. Hope it’s an El Polo Loco chicken leg 😋
That 350K just popped back up.
LMAO! The stock would need to go up over 265% to even reach our 52 week high!
No one is attacking you. I was just pointing out a fact.
Just going to point out that DOA has 3x the followers. I don’t really give a shit about any of that social bullshit, but the majority of investors you’re engaging with don’t give a shat what you think about him or anyone else.
Stop laying blame on investors from this board and those who are claiming not to be shareholders anymore. Start holding the incompetent SOBs in Centennial, CO accountable for the situation we are in!
I’m not Duke moron. I don’t know who the Duke is, but he does bring reality to the fantasy you try to create on this board.
FYI, I’m not surprised that you would like to rid the board of every dissenting voice here. That would give you this platform to continue your constant praise of management instead of having to admit to the reality of what has happened.
1) The GX SPAC deal cost Niocorp shareholders $5 million net.
2) There was no capital realized from the GX SPAC deal.
3) Niocorp has had to obtain convertible debt financing from Yourville.
4) Dean Kehler, Michael Masseli, and Jay Bloom of GX now control 30% of the company.
5) Retail investors who took the risk for a decade are getting their arses handed to them now.
I haven’t sold a share moron! Not sure WTH your problem is, but I’m getting tired of your stupid comments.
FYI, most retail holders in the mine area are not going to drive the nearly 600 miles to AGM only to have management not have a Q&A. T management knows that investors are angry about the failed SPAC deal and the decade low share price.