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that is probably why he is working so many hours to make somewhat a living
read one of my previous posts why I had expected this to happen
I do ´not think they were going to be reelected
The offtake agtreement with thyssen Krupp was before the Feasbility studies
what a coincidence
I was on the same call. lol
the market is very big. There. is room for more than one player. but we clearly want the lion's share of it
guess who said that. I have 2 witnesses.
NIS News
-translated from Dutch by google translate
Today, 17:51
AI guzzles energy: 'Could use as much power as the Netherlands in four years'
If the demand for artificial intelligence (AI) continues to grow at the current rate, by 2027 AI will consume as much energy as the whole of the Netherlands. Data scientist Alex de Vries calculates this in the scientific journal Joule.
De Vries used chip production from the company Nvidia, the leading producer of chips for artificial intelligence, among others, for his calculations.
So-called generative artificial intelligence, which can be used to produce texts, images, music and video, among other things, has been experiencing explosive growth since last year. Training this AI requires large amounts of data. That requires a lot of energy.
Microsoft's search engine Bing, meanwhile, uses the artificial intelligence of the advanced text generator ChatGPT. If Google were also to generate search results with artificial intelligence, it would cost 29.2 terawatt hours of energy annually, De Vries calculated. That's the equivalent of Ireland's energy consumption over a year.
Sustainable AI
Recently, attention has already been focused on the danger of discrimination by algorithms and the generation of fake news. For example, fake versions of actors and soccer players recently surfaced in advertisements on social media. De Vries also describes high energy consumption - and thus the consequences for sustainability - as one of the risks.
Artificial intelligence is simply very energy intensive," he says.
De Vries previously conducted research into the energy consumption of blockchain, the technology that underlies bitcoin. There he saw a similar hype developing as currently surrounding artificial intelligence: "Everyone wants to put it in everything, regardless of whether it is necessary. It often adds nothing at all," De Vries explains.
Limited information
The data scientists acknowledge that his estimates are accompanied by uncertainties. Companies are not generous with sharing information. For example, it is not always known how much energy companies need to train their artificial intelligence.
De Vries: "At Google, about 40 percent of the energy consumption is probably in training and 60 percent in the applications. But at Bloom (an advanced text generator, comparable to ChatGPT, ed.) a lot of energy goes into training. while with ChatGPT the focus is overwhelmingly on the applications side.”
In addition, Nvidia's production figures are known, but it is not public to which companies the chips are sold. And the energy consumption of the chips is partly determined by how efficiently they are cooled. "Google is very efficient with cooling, but not all companies are. That is why I did not include cooling in my research," says De Vries.
Electronic waste
In the discussion about the energy consumption of AI, it is regularly stated that new equipment will be developed in the near future that uses energy more efficiently.
The rapid development of equipment also brings with it a new problem. According to De Vries, the lifespan of that equipment is probably shorter than the standard depreciation period of six years: "A new server may already be obsolete in a few years, which can lead to additional electronic waste."
it means it was remarkable that he wanted to listen to a large bunch of BS without losing his temper.
In essence, being granted the MCTO means the stock can continue to be traded on the TSX. so there will be no trading halt as a result of the delayed reporting.
excellent explanation and exactly what he said in Ghent Belgium 2 days after the ASM in Denver
I will come back on this when the financials are finished.
I hope that everybody realizes that this yearend work on financials is outsourced to auditors.
plus we may expect titanium offtakes
B...
t would be much better if everybody used his own name.
much more civilized.
1 is very easy , compare the PP shareprice with yesterdays closing price
2Read all the previous PR's on private placements and you will see that they always disclose that a percentage has been paid to intermediaries.
My remarks on the latest PR on the PP of 1 million usd on what I noticed.
1)The shareprice of the PP was about 10 percent higher than the closing shareprice yesterday. Usually PPs are done at a discount of about 20 percent .
2) There was no commision paid to intermediaries
It is clear to me that there are investors, friends of Niocorp ( probably existing investors) who want to assist the company with bridge financing until further larger financing is obtained. (as there may be strategic investments by Stellantis and other ones in the pipeline)..
This financing by friendly investors is of course preferred above tapping further from the Yorkville credit line.
I speculate that if further financing is obtained one of the first things which would happen is the repayment of the Yorkville convertible.
I also think it is wise to do small PP’s at these lower prices .
BS
I know them both.
NioCorp Developments Ltd.
NB: Price: $3.66; Market Cap (M): $111
Rating: Buy; Price Target: $13.00
Heiko F. Ihle, CFA
Marcus Giannini
Successful Production of Scandium; Phased Approach For Next Steps to De-Risk AlSc Production; Reiterate Buy
Click here for complete report and disclosures
Successful production of scandium. On August 14, NioCorp Developments announced the successful production of scandium metal on a pilot-scale. This test was undertaken at a facility owned and operated by Creative Engineers (private) in Pennsylvania. In our view, the production of scandium (even on a small scale) represents an essential step in the firm’s phased approach to producing an aluminum-scandium (AlSc) master alloy, which could ultimately be incorporated into the firm’s overall production plans at Elk Creek.
Next steps for de-risking production of AlSc. NioCorp's management team now aims to produce kilogram-sized ingots of AlSc master alloy in order to provide material for independent testing and commercial product samples. In turn, the first sample of this material is anticipated to be produced in the coming weeks. Importantly, the production of AlSc is taking place through a proprietary process that has been developed by NioCorp’s partner Nanoscale (private), which is believed to increase efficiency while reducing the environmental impacts of AlSc production relative to more conventional processes. Importantly, management has stated that these initial results indicate the ability to make scandium metal at a purity level that should be accommodating for pilot-scale production as demand continues to grow for scandium alloys across the commercial transportation and national defense sectors.
We reiterate our Buy rating and our PT of $13. Our valuation for the firm remains based on a DCF of operations. We once again utilize our unchanged 13% discount rate and 0.5x NAV multiple. We believe that these figures still fairly account for the various risks associated with the longer-term timeline of reaching production at Elk Creek. We also maintain our view that this valuation remains in line with similar early-stage assets in locations carrying equal geopolitical risk factors. Finally, we stress that continued progress, including work related to de-risking of financing arrangements for the site, should ultimately yield a longer-term decrease in our discount rate for the asset.
Looking ahead at additional phases. NioCorp presently intends to target a three-phased development plan for the commercial production of AlSc. In turn, management's ultimate goal is to achieve full-scale AlSc master alloy production at around the same time as commercial production at Elk Creek. Assuming the firm encounters strong results at the pilot-scale and commercial demonstration stages, NioCorp intends to secure an Engineering, Procurement, and Construction contractor to lead the commissioning and full-scale production ramp-up of operations. Longer-term, the company anticipates capacity for about 100 tonnes of scandium per annum from Elk Creek’s estimated production.
Risks. (1) Increased capital requirements to construct Elk Creek; (2) financing risk; and (3) operating and technical risks.
I did the same
and he is going to be succesful for niocorp too.
Putz
i do not know him . I know his age and I know he is making millions on LWLG and he is using a smart strategy.
can somebody start a discussion with Ted that we longs believe the earth is flat?
not here Th6565
my profit is still over 100 percent
it is clear that when we have more info on Stelllantis Exim DoD and FS results that the shareprice asked would substantially differ from what we can ask now.
indeed . Let them talk to each other and think they have a large audience.
I know what we have and sooner or later we will win this battle.
I have a lot of posters on ignore here and suddenly the future of Niocorp looks brilliant. lol
Indeed Jeunke and that is why Stellantis wants to buy as much rare earths from us as they can.
In my weekly update to my friends shareholders I am explaining why it is not in the interest of Yorkville to have a much lower shareprice. It will require a lot more time and effort to make the same results. so they prefer a higher shareprice to deal with.
That does not mean i like the yorkville deal but a nice Stellantis strategic investment and offtake will make us forget the Spac consequences .
I have him on ignore; Probably the product of failed stemcelltherapy (lol)
enough for today
playing Golf now
correct
and the same language was used years ago when I showed up in the filing and I did not sell one share since then
most of the time Mark is one of several CEO speakers.
Btw. i also traveled 6 times to Denver and once to Nebraska
were you in Nebraska?
most of the time meetings with 150 to 250 people
sometmes with 25 to 30
i am interested to find out about these offerings you are talking about. Should they not be public. then?
Not abnormal to come over if a fewthousands of investors live here
I personally participated in 2. Pp. 2014. 2015
Never sold shares. Is that transparent enough Mike.
I am the last one to defend the yorkville deal. I disagree respectfully on what you write about Kehler. I think he will help us to get this project financed. The following events will assist him to get this done
Nanoscale progress reporting in the coming weeks
Stellantis offtake and strategic investment also in the near future
Exim loan progress
Especially the offtake will be a gamechanger for A B C D and Exim.
even Mike Scooter and Peter LCP who wil dig up as much mud as they can will be able to explain your misinterpretation
I would really like you elaborate on what you wrote Scooter.
I would include it then in my weekly update which I send to to my friends investors so that they can see how criminal it is to be invested in a company and a management in which they believe and worse they even participated in private placemenst and got warrants which they then exercisd ( or not?)
Can you explain me the crime ? very interested to hear your story.
can you expand a little bit.? sounds really suspicious
Correct.
they are not selling.
I recognize a number of friends shareholders that participated in the latest private placement. I used to be on that list in the past when I participated
I have been there before
lwlg 16 years
only persons that want Niocorp to fail are happy about the present shareprice.
I look at the potential and see a number of events coming up .
I repeat
negatives are Yorkville ( plus near close manipulations every night)
but positives are , Exim , Stellantis , nanoscalepowders , 600 million plus EBITDA som e of it we will hear in the near future
We will stay on Nasdaq ; Niocorp would have to be under 2 and would have 6 months to correct that if that was the case ; No way that is going to happen. we will be buying up all the shares lol