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It wont matter how you vote :)
We could add our shares together and it won't matter. 10 of us could add our shares together and it wouldn't matter most likely. I wouldn't sweat it :)
We are along for the ride unless we get off the train.
It was never going to anyway. Have to keep the company value in a realistic view. Maybe this will be a 10x return from original retail cost someday but nobody was ever going to get wildly rich. The wild pps guesses/dreams were never going to be true anyway because those numbers are an unrealistic company valuation. If this company gets to $5B value (pipe dream) we are only talking ~18pps at our current count and ~$83 at 60M shares. $5B company value is a wild projection, probably never gonna get there. If you were given a ton shares for occupying space at a table producing co2 or were already rich in the first place and bought a ton of shares that's different. Its a big club....
Lets say the company goes through all this and we have realistic company value in full production in 10 years. If I sold everything holding long I might someday walk away with 575Kusd. That's with originally spending 1 year of middle-class (take home after tax) income on retail shares in the mid 2010s. Lets say the average share was 0.50usd. I'm not gonna be a multi-millionaire here, but that ain't bad.
Ill throw in the "nobody knows what will happen" for the dreamers. Could go absolutely crazy with some ape nuts company valued at 10B but I doubt it.
It'll keep going down like normal after the news honeymoon. We always see this bump after a sizable news realease and everyone freaks out like it's going to the moon then loses their mind when it drops again like it hasn't happend 100 times. You should have been around for the air permit hoopla. Man that was it!! That was alllll we needed before the rocket took off.
This is quite a different scenario but the board is having the same spasms.
It's toast till the transaction.
Then it will pretty much be the same with higher prices and fewer shares. Believe it cause that's the reality.
Long road ahead to see what comes of all of this. Just the way it is.
and you wont at 278M+ shares...
Who will be CEO/VP/SVP etc. of newco?
just curious how that works after a deal like this. I would think same guys would still need to be fully in charge of the mine. I have no idea how that shakes out.
Another short news honeymoon... same old song/dance...
Kmack is DM. See post 79411.
I cant say anything else true or it gets deleted.
Its just the typical board troll. Just ignore.
Several names, bipolar posts, lies through its teeth. Just read its post history. Just ignore.
I think 4-5 is not impossible as well.
I'd say north of nasdaq minimum after transaction.
We are using the other company in the transaction to be listed. Its gonna happen, and the split is hopefully more in our favor as our price goes up. Nobody can nail that down with the info we can see. I think its possible we keep going up but not to $10pps that's wild at our share count in that amount of time. I'm no pro investor but I have a calculator the bank gave me when I was a kid. We all have to be realistic here.
Hoping for $10pps at 278M+ shares?!? Um...
Not a chance... Doesn't even make sense to wish for it or believe it could or should be true. It would be ***great*** but It is impossible. Suddenly the market cap becomes over twice the cost of building the mine? Out of nowhere?!
Ground control to major tom.....
A brag or a complaint? I admit I'm surprised they have hovered where they are given the utter destruction of the entire crypto sector.
Just gotta wait until the big boys want to run again causing all the thirsty peasants to jump on board. Then, don't get greedy and leave early enough before the titans leave the bag holders in the dust with their profits.
We use to mix the original elk creek water in high school in a county next to Johnson county. Bad idea. Lots of bras on heads and such. Maybe a few young parents as a result. You can't taste the booze.
I'm not selling. Its just gonna reallllllly suck watching my share stash vaporize to 10% of what I spent good money to purchase. That is just a shallow superficial shock that I know I will have. I know the market value stays the same but the mental PERCIEVED growth potential goes down. The perception doesn't go down for the educated finance guy, but it goes down for the knuckle dragger guy like me. In the end it probably wont matter if the mine is a success.
Was the mine really ever gonna have a high share price and a market value of something NUTS like $5-6-7Billion+ at 278Million+ shares? Not in reality. At our current count the minimum nasdaq pps requirement would put the market value right at what is needed to build the mine in the first place!! Not feasible. Delisting would be an issue, and we would never get there anyway.
If I end up with 19k shares and we get into full swing production with something like (lets pretend) $3Billion in company value at $50/share (60M shares ish)...... that is still an amazing thing for a low brow low info guy like me. It will be amazing for my middle class retirement in 20 years.
And there is always the murmurs of further discovery of a larger ore body. Who knows?
It depends on what variables can move, if any variable can move. Of course things can move! But what and by how much?!
If our price goes up and our post merge % ownership can change that makes it all different. In the example they assume a price and expect the reverse split with existing investors owning 43%. If those variables can move then the game changes.
if it is locked into 59.9M shares and we get 43% ownership, then the ratio stays the same and the price moves around. Pick your variable to move and change the outcome.
It seems to be stated clearly on page 36 that we (existing shareholders) WILL have 43% of the 59.9 million shares.
If thats true, it stands to reason that we have to go from 278.13M to 25.757M shares. That seems clearly stated unless we need to read what it means instead of what it says (again). That's a factor of 10.79 using current 278.13M outstanding and 59.9M pro-forma. So R/S at 10:1 to 11:1 sounds inevitable and the actual share price lands wherever it lands north of the nasdaq requirements.
Given the statements on page 36 I do not see how a reverse split is avoidable at all regardless of price. Existing shareholders get 43% of 59.9Million period.
I hate every bit of that. From there, we still need quite a bit more funding to get to production. How are those deals gonna look!? Sure I will have to hold longer and wait and see what unfolds if it gets into production. In the end the multiple million share holders will do well, but the small guys not so much but that is the nature of the world.
everyone divide your shares by 10 :)
That gets us in the ballpark (ish) of 43% of 60 million. We as existing shareholders will own 43% of the new entity!! :) :)
Aren't you excited? The big boys will be fine don't worry :) some will still end up with 100s of 1000s of shares! good job!
If you are proud of your 200,000 share stash or something, it will look reaaal nice sitting at 20k :)
If we ever get to 30 or 40 or 50 bucks a share like people dream of; you will still make money just not like you thought you might :)
Being a amll timer I stand to make half a mil or so if the share price gets to dream levels people talk about. :) :) :)
Have fun! Its been worth the wait and anticipation for this in the end :) :) :)
We get to own 43% of the new company? YAY!!
We get diluted and reverse split into oblivion and then own 43% of the resulting entity? YAY!!!!!!!
How is this good news again?
Valuations and such are pending of course. Still some money to be made im sure, but I don't think this is good news for the majority of retail investors. If you bought less than a buck and your post R/S pps is greater than your cost basis by $100 well then you made money right?
Big time shareholders that are probably already wealthy will probably do pretty well. Whats new? Shrug.
Now that I can believe. If they can get work done for free or very little and someone gets a product resource at the same time thats great! I just really doubt that the heavy equipment on-site was being directly paid for by project funds. That gets expensive really fast for a project with (currently) scarce funding.
I doubt that has to do with the project.
IMO That is most likely a normal infrastructure project that has been going on in SE nebraska for years. I dont think they would be spending money they don't yet have on a fiber install they won't need for quite a while. But thats just reality. It doesn't exist here. Everyone is back to the mob mentality that overtook the board during the air permit dust up. No reason to be burying fiber for the mine right now. That would drain 10s of 1000s of dollars (if not more) that they cant afford yet in my opinion. Shrug.
that installation could very well service the mine in the future but I doubt its part of the project.
Aggressively Delusional. That puts market cap at $6BILLION+.
That's if there were no more dilution from now. We KNOW that's not going to be the case.
math and reality...
I suppose the scope of the mine and prices of things could POSSIBLY turn into something wild like that if weird enough things happen, but reality first.
Silence, Comrade.
On Friday night in mother Russia, PARTY FIND YOU!
Yes, we can only wait. We can add the number of shares we issue to stay afloat while we wait to the final total. You are correct.
Yes, plenty more shares. A heretic once said "about 5 dollars". If there is massive dilution he may not be far off. I hope that is not the case, but the number keeps heading north even before the equity portion of financing is considered. We keep dreaming of 20-30+ share prices. Whatever keeps it up for ya I guess.
Congrats! That should heat up the cash fueled furnace a little!
If this falls below 1$ for 30 days will it be delisted? Crypto is in the tank hard....
Welcome! Hope you packed a lunch. :)
It really is question of realistic market capital.
60$?? this person believes in a market valuation of over 16 BILLION dollars? really? This is if there was no more dilution.
Shoot for the moon I suppose. Don't join any math clubs though.
YES, THANK YOU. That is the realistic answer I was looking for. You are one of the few rooted in reality. Financing is just one step in this and we have 3+ years after the money hits the bank. People mention things like being part of an ETF investment strategy, or being on a supplier list, or selling to the government. We are a looooong way from any of that. Could Happen! But please lets all of us live in reality.
Also, these 20-30$ price predictions.... We still have more dilution coming... at the CURRENT level BEFORE additional dilution 20$ puts us in the 5.5 BILLION dollar ballpark range market capital.. sorry... that's not reality either...
But hey, if the irrational and delusional optimism is correct, the sky is the limit.
Just curious, in your opinion, once the project is financed and the money is in the bank...
How long do you think it will be from financing to selling first products on the market and to our offtakers? I just want your opinion on how long that is.
No "if" to it. You have PLENTY of time to buy shares.
That's good old the irrational optimistic spirit!!
Once the shovel hits the dirt after financing occurs (who knows when) it will be multiple years to build and commission the mine. Your irrelevant rebuttal is 100% correct!!
Since we are years from production if we broke ground a month ago, I'd say your strategy is the only one we have.....
Reality is fun.
No reason needed, just good old irrational optimism.
Wake me when the pilot plant results are in, and the numbers have been crunched, and those numbers have been applied to the economics of the feasibility study.
This no longer a message board. Its an addiction support group. Everyone in the circle of chairs is looking for a vein to inject their next fix in the form of some kind of nebulous press release that will be wildly (and optimistically) misinterpreted 10 times over. Just something to take the edge off.
Wanted the big F but got the PP.
Well, they wipped out the PP and gave us the big F.
Yes the brought out the Private Placement and gave us the big Finances from it. That's what I meant by that.
Wake me next spring after the next covid wave and holiday seasons are over again.
If the markets and economy still exist, and the government still functions at all, maybe something will happen.
ZzZZzZZzzzzzzzz
Blind delusional optimism is not healthy or sane.
This orebody has been poked and prodded for decades. It could happen, but don't put any lunch money here.
Of course this is a gentleman's agreement... Nobody wants more paperwork for a "favorable" Nebraska project.
NIOBF: "Hey NE we started construction per your requirements!" (wink-wink)
NE: "By Jove you did! In fact I've never seen construction starting like that in my life! You all in fact did:
* Buy the land with dilution
* Install perimeter fencing (LOL old farmer fence so the cows could eat the c
gleanings.)
* Promised to pay 2 contractors (in some way)
* Actual agreements to sell material. (If we produce it)
SOOOOOOO YES!!
Construction has begun!!!!!!!!!!!!!!
Can you continue your answer with why they have to keep redoing and reconfiguring the project to make it palatable to big money when they repeatedly say how well its doing? There seems to be a lot of one last time tries there also.
Definitely gonna need more funding, of course. Still waiting on more numbers and FS updates after that (supposedly). Company will need more money soon. So, yeah gonna need more dilution sounds like.
The typical ups and downs seen for years.