Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Just a thought, but, selling warrants seems to me an anticipation that NioCorp is confident they will get financing. What is the exercise price of the warrants?
Don't assume what candidate a person intends to vote for. I am in favor of whoever keeps the country safe, out of war, promotes policies that foster a healthy economy, reduce interest rates, reduce the national debt, reverse the trade deficit and generate more domestic manufacturing. That's as far as I can go on the subject.
I think the advantage you have as a new investor is your not jaded from the many years of believing financing may be just around the corner. EXIM and Stellantis seem like real opportunities. The others seemed vague, nondescript and just lead to dead ends.
24 days remaining plus the addtl 30 days would be June 5th. Bridge financing until what happens?
Hard to say what is going on behind the scenes. Because PR's have come out of the blue when we least expected them, I would not be surprised if NioCorp releases PR's concurrent in June. Not saying this will happen but I do recall NioCorp coming out with PR's out of the blue before.
Sometimes a company has to do what they can to take them over the finish line. Hopefully, that's the case with this latest announcement. I suggested the other day GX BOD's should consider loaning NioCorp the addtl funds to finish the FS. Just a suggestion. Reaching out to the CEO of Lynas is another one. All of them are billionaires though the CEO of Lynas would be more inclined to buy shares than loan money because NioCorp is a competitor to MP and Lynas. GX BOD's would be more inclined to loan money because they are already vested with shares.
My guess is NioCorp mgt wants to see this mine succeed on their watch without a merger or acquisition but anything can happen. If they get EXIM and Stellantis finanicng, I don't see them needing addtl support or the need to merge or be acquired but that can always take place in the future. Maybe Peter Oliver should put NioCorp in touch with the CEO of Lynas. They are both from Australia and probably know each other. If she is the wealthiest person in Australia and owns a rare earth mine, investing in NioCorp is in her wheelhouse.
I am more optimistic about NioCorps future but respect other peoples right to suggest otherwise. Today is not a good day for many stocks on the heals of banking news. Even MP Materials stock is down after news that Australia's wealthiest person who owns Lynas Rare Earth mine in Australia has acquired a 5% stake in MP and may acquire or merge the 2 companies and on the heels of news earlier this week from Morgan Stanley that mineral mining development and investment in the US is poised to take off with robust govt support and investment in domestic mining. The fact that some entity was willing to invest $8,000,000 in NioCorp is a vote of confidence and EXIM and Stellantis financing are still on the table. All investments have risks, including the Perpetua mine who has applied for EXIM financing and just received a LOI for 1.8 Bil from EXIM last Monday and even their stock is down today. Share price always goes up on good news and settles down after news until the next news cycle factored in with World news events, reports on inflation, job hiring, bank profitability. The stock market is complicated. For now, I am betting NioCorp gets EXIM and Stellantis financing until proven otherwise but have to admit the journey has been painful and may be for the foreseeable future. I would hope there is more clarity on EXIM coming up on 12 month application process and look forward to seeing addtl news re financing to complet the FS. Just my perspective. PS: I have no issues if NioCorp decides to sell the mine. Maybe the billionaire from Australia should be contacted to invest or consider a merger My guess is NioCorp mgt wants to see this mine succeed but anything can happen.
NioCorp Developments Ltd. (NB) 3.0935 -0.1465 (-4.52%)
MP Materials Corp. (MP) 16.69 -0.61 (-3.53%)
Perpetua Resources Corp. (PPTA) 5.75 -0.51(-8.07%).
In other mining news, talk about a merger between Australias Lynas Rare Earth Mine and MP Materials,.
"Australia’s richest person, iron ore billionaire Gina Rinehart, has bought a strategic stake in the U.S. rare earths industry as competition with China for the high-tech materials intensifies and a mega mining merger moves into sight."
https://www.forbes.com/sites/timtreadgold/2024/04/09/rineharts-mp-buy-could-trigger-a-mega-rare-earths-mining-merger/?sh=1c988e175179
Great find Wagner. In the article, it mentioned that "The letter of interest indicates that Perpetua - which counts hedge fund manager John Paulson as its largest shareholder - has cleared the initial loan requirements to start the formal application process, which is expected to take 12 months." Initially, NioCorp indicated it would take 6-9 months for their application process.
Nice to see NioCorp being mentioned in the article: "In addition to the potential loan for Perpetua, EXIM has announced letters of interest with Australian Strategic Materials (ASM.AX), opens new tab for a rare earths project, as well as to niobium miner NioCorp (NB.O), opens new tab and titanium recycler IperionX (IPX.AX), opens new tab."
One thing is certain, Stellantis will not sign an offtake for REE's unless a revised FS with REE data is published. Whether NioCorp needs to publish an updated FS in order to secure a loan remains to be seen. We will unfortuately just have to wait and see how this unfolds. In the meantime, NioCorp should give us an idea of how they intend to raise money to complete the revised FS.
Just my opinion, but, I think the revised FS is more for Stellantis than EXIM. Without a revised FS, how can NioCorp secure a REE off take? The most recent FS, however, is sufficient to prove to EXIM that the pre existing minerals will be profitable enough to pay off an EXIM loan so I don’t see a barrier to NioCorp obtaining a loan with just the existing FS. JS’s has written on multiple occasions that a FS is not necessary to secure funding from EXIM. If NioCorp needs to raise money to finish and publish the revised FS, perhaps one of the wealthy GX BOD’s can loan the company at a reasonable interest rate. It’s in their best interest to see the revised FS completed so Stellantis can sign an off take agreement for REE’s.
There are 4 major PR's, if they are going to happen, due out. Revised FS, Stellantis off take, Stellantis Equity Investment, EXIM Bank debt financing.
Not much else to report out unless they release some items a la carte from the ongoing revised FS which Rader suggested but don't know if they would or even could do that. We may have to wait for the entire FS to be completed before getting the data released in a PR.
JMO
I looked up all the companies mentioned in that Morgan Stanley article and was heartened to learn that NioCorp is not the only mine EXIM is wanting to finance which gave me more confidence that NioCorp will be approved for the EXIM loan. Perpetua Resources $1,800,000,000 Letter of Interest loan from EXIM which was announced on Monday makes NioCorps $800,000,000 Letter of Interest loan from EXIM look small in comparison. The objectives of the US Govts new role in financing domestic mining is becoming more clear as it turns around decades of inactivity in the mining space to counter China's emergence as the dominant minerals developer and supplier. That will all begin to change. I think the Govt finally gets it.
They had a nice run up yesterday on the Morgan Stanley news and are trading up for the day.
There appears to be merit in Morgan Stanley's "optimistic outlook for the US metals and mining sector" and "The US government is incentivizing domestic mining and separation sectors to boost domestic supply chains and reduce reliance on China." as another mining company received a Letter of Interest just yesterday from EXIM Bank to finance their mine on Monday with 1.8 Billion in loans.
https://finance.yahoo.com/news/perpetua-resources-receives-indication-1-110000910.html
Still perplexed that the sudden demand for NB shares is tied to Morgan Stanleys prediction of a massive investment in minerals but I'll go along with that assumption. All I can say is "its about time!"
https://oilprice.com/Metals/Commodities/Morgan-Stanley-Predicts-Massive-Investments-in-US-Metals-and-Mining.html
Not hard questions. I have definite opinions on the subject but waiting for your acknowledgement that you crossed the line before I answer. Just a suggestion but if you want to engage someone in a serious conversation or debate, best not to ridicule the person your trying to have the conversation with.
Happy to engage in that or any discussion but your in denial that you attacked without provocation. Call it joking or however you want to characterize it but you crossed the line. Not interested in conducting a dialog with someone who can’t admit what they said was offensive.
Actually, you took 3 pot shots at me without provocation. Just dishing back what you’re dishing out. If you want to have a serious conversation then stop the rancor. Happy to engage.
An 11.56% gain is an 11.56% gain whatever way you slice it. If your NB portfolio contained $100,000 it’s now worth $111,560.
An 11.56% gain is an 11.56% gain whatever way you slice it. If your NB portfolio contained $100,000 it’s now worth $111,560.
It’s unfortunate you missed out on the recent spike in share price since you sold all your shares last year. Live and learn. But you still hang around the message board like someone who never graduated but hangs around their old high school. Lol!
NB Shares Traded - 73,086
NIOBW Shares Traded - 62,000
Monocle, did you do the research?
Its about f'in time we get mentioned in these random generalized articles. JMO
I can't disagree with your sentiments NorCal. I like Raders suggestion. NioCorp may be able to release material information that will come out in FS. Unless there is some prohibition in doing so, see no reason not to. Re raising $3,000,000 to finish the revised FS, that is much less than I thought it would cost. NioCorp has raised a lot more than $3,000,000, if that's what they need to finish, then they should raise the money asap. Maybe a PP with the Belgiums?
The 4 Basic Elements of Stock Value
https://www.investopedia.com/articles/fundamental-analysis/09/elements-stock-value.asp
That's a ridiculous assumption. $9 is only .90 cents pre split. $30 is only $3.00 pre split and not astronomical. If NioCorp gets EXIM/Stellantis funding, the company will be well on its way to making hundreds of millions post mine completion.
Demo Man, Walter is a former Corp. CPA, not a banker.
not surprising. Good guess by monocle.
So you’re saying you’re an ignorant idiot bozo. Well, I have to agree. You do have a Doctorate of Loser Trolls (LTD) so that would make perfect sense. The fact that NB hasn’t gotten financed yet does not make you an expert in anything. Just generalized statements ignoring facts and elevating yourself with delusions of grandeur. You are only right until you’re proven wrong which will be soon one way or the other once NioCorp concludes the EXIM Bank application process. Go be miserable trolling message boards LCP, LTD. You’re really good at that and maybe even an expert at. Mining and financing? Not so much.
Basher ignorance and denial of facts. Common sense, if they get financed, share price will spike. You know that but won’t admit it and are unable to provide proof NioCorp won’t secure EXIM and Stellantis financing other than your denial of the reality that neither EXIM or Stellantis have withdrawn their offers of financing and negotiations and work continues on all sides towards the end goal of financing continues. You’re just a basher so why would anyone expect you to support NioCorp getting financed. If you had a strong position, you would not need to make personal attacks. Personal attacks are the desperate act of those who have a weak argument and position.
Basher ignorance.
The salaries are not out of line for the industry but would say the extended years without securing financing have not delivered the results investors expected. If and when the company secures financing from EXIM and Stellantis then investors will be made whole and make a decent profit. Hopefully that’s months and not years. Time will tell.
The salaries are not out of line for the industry but would say the extended years without securing financing have not delivered the results investors expected. If and when the company secures financing from EXIM and Stellantis then investors will be made Whole and even make a decent profit. Hopefully that’s months and not years. Time will tell.
If you Google you will find examples to the contrary. Re your other statements, I agree with parts of the first half. I don’t appreciate my investment shrinking due to lack of performance. My hope is they get it right this time and I can at least get back what I put in to the investment.
Demo Man?
You might google the subject to come up to speed but I would not be surprised if MrSmitb is a Demo Man incarnation.