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Fully agree with you. We shouldn't forget this is a penny stock. If large financing was to occur, the dilution would be unbearable and a reverse split would be inevitable.
We can't keep making excuses on why the PPS is so low. At some point, the realization may occur that this isn't the best investment. Things should play out shortly.
I was invested in this company a few years ago.
My advice would be to sell on the next pop. This stock is not a long term investment.
Management is not trustworthy. Look at how many times Sonny and Mike lied about the FDA approval saying there wouldn't be any problems. They have also agreed to terrible financing deals.
That being said, Sonny has tried his best to turn the company around because the technology is great. If only the previous management didn't drive the company into the ground.
I'm not attacking the company or whining. I'm just disappointed that we're not seeing better price action. We can't keep saying this is a great buying opportunity, because its not if the price keeps decreasing.
I guess we don't know until the FS comes out. Hopefully the sentiment in this stock changes soon. The market doesn't respect it.
Also, we're all on the same side here except for a few that actually attack the stock.
My entourage?
Oh I would sell if I didn't believe in the stock. I just don't think its going to be a money maker like some others do.
That is true. Hopefully the downward pressure is relieved soon
and yet we are dropping 1 or 2 cents a day.
There is no guarantee the FS release is going to raise the PPS either.
I'm waiting for .55 CAD to pick up additional shares. I see the PPS decrease maybe stopping when the FS is released
I agree also. We need to be critical of our investments. I've said this before.
Sure management has been working hard but they haven't been honest about the timelines. Also, they mentioned multiple times that they only need to dilute one more time before releasing the FS. How many raises has it been now?
Thanks for the reply.
That brings up the issue of the placement price. Others have brought this up to. Why did the company agree to 0.65 for the placement price? That shows a lack of confidence.
I know I should probably contact Jim about this but I've been very busy of late. If anyone has any other information to calm our nerves, that would be great.
Does anybody have any clue why the PPS keeps drifting lower?
I know I shouldn't be looking at the PPS daily but I'm concerned that the PPS keeps drifting lower even though the company is going to make the biggest announcement in its history next month. I don't think the FS is going to have the affect on the PPS that everyone is expecting.
Yes I know, long and strong and this is the last buying opportunity (indefinitely).
Nice close. This stock could crash and the optimists would call it a buying opportunity.
I see it as a negative like some of the board members here. I have no doubt a delay is coming.
Thanks for taking the time to do that.
I was scared it was another offering.
What does this mean? Form S-1 filed today.
https://seekingalpha.com/filing/3502647?app=1&uprof=44
I still plan on putting it together. I've been swamped with work lately. Hopefully have it done by the end of the week.
Here are some the changes/additions I was going to make for the new survey:
-Increase the range over a million for shares held
-At what price point do you intend to start selling?
-Is NioCorp your largest holding?
-Do you hope for a buyout or continue to hold shares for dividends?
-Do you want NioCorp to succeed? Are you short selling?
-Are you still adding NioCorp to your portfolio?
-Are you selling NioCorp from your portfolio?
-What is you cost basis?
If anyone has any other ideas, let me know.
I agree with you Walter. Censorship is bad. Everyone has a right to their own opinion.
Here is a forum that only allowed positive posts and look at what happened. I'm not saying that is going to happen here but its important not to have tunnel vision.
http://forum.thecontrarianinvestor.com/index.php?threads/gt-advanced-technologies-inc-gtat.69/page-500
I agree there would be some annoyance if another deadline was missed. Although, another "delay" would not be surprising to me.
I don't believe anything until I see it. Yes I know, patience is required and this is the last great buying opportunity (ongoing for the last 2 years and the foreseeable future).
Will do. I'm going to create another survey with some more questions and a few adjustments.
Hmm I'm not sure why that's happening. Are you at least able to see the results?
https://www.surveymonkey.com/results/SM-MDYX3W7B/
I will add these questions to the next survey and others that members have suggested.
I will also increase the max for the number of shares for walterc lol quite the war chest.
Thanks all for responding!
No problem.
Even though many of us argue sometimes. We all want the same thing. NioCorp to succeed.
Thanks for the suggestions. I can create another survey next week and make some adjustments. Also, add some more questions if anyone has some ideas.
Perhaps I shouldn't have used such a big range. I'm close also.
I will post the detailed statistics (mean, median and standard deviation) from the survey after a day or so. Give everyone a chance to fill it out.
16 responses so far! Looks like Landmark is going to have quite the bowling party!
If anyone is interested, I created a survey for us NioCorp investors to give us a picture of the other members on this board. I think it would help all of us with this investment and make for a lighter mood on the board as we wait for the FS.
https://www.surveymonkey.com/r/LCLF8GY
If anyone has any questions they would like to add, please let me know and I can do that.
The results can be viewed here:
https://www.surveymonkey.com/results/SM-MDYX3W7B/
This survey is completely anonymous. Please only fill it out only once.
Lol at Canadian weak hands.
Not all of us can be optimists. Some of us are realists.
Unless MS has something up his sleeve, I don't see how that's going to happen.
I'm not putting the NioCorp team down because I know they are trying their best but the market hasn't shown any kind of appreciation. We can't even break 0.80 CAD and stay above.
I know there are theories as to why the SP has not increased but I'm not sure what to believe. If this was a slam dunk opportunity, the market would have shown that already.
My thoughts exactly regarding the SP. The market can't be that inefficient.
I don't think we're going to see a huge bump once the FS is released. We may see an increase once we have a Scandium offtake.
Its possible that the market is scared of the dilution that might occur to fund the mine. If money is raised at this SP, shareholder value is going to be destroyed. MS must have a plan for this, at least I hope so.
We all think this stock is going to make us rich but are we being realistic? Maybe all of us on this board are in dreamland. If the company was unquestionably going to be a success, wouldn't the stock price be higher?
Just throwing my thoughts out here. I'm married to this stock even though I'm negative a lot of the time lol
The trickle of 500 share lots are causing the retail investors with weak hands to sell? And the "automated trader" is accumulating at the low levels?
Will we not see a PPS rise until the big buyers step in?
Its frustrating looking at the PPS but patience is required because the company is heading in the right direction. I keep picking shares but I don't want to overexpose myself. I always tell myself this is the last buy.
Just out of curiosity, do most of the investors here have a large portion of NB in their portfolio or have a diversified portfolio?
I'm wondering the exact same thing. Why is there more selling than buying? The FS is generating a lot less excitement than our move to the TSX lol
Great news yesterday! That was the update I was looking for.
The delay to Q2 sucks but we need to let the team perform the required work. I expect the FS in June.
Hopefully we can see a slow rise in the PPS leading up the to FS release. There should be less sellers now.
What is everybody's prediction for the PPS once the FS is released?
In the past, the stock hasn't responded well to good news. How do we expect the market to react to the FS? Will we be able to move to the NYSE without a reverse split?
It would be nice to hear everyones opinions, both positive and negative.
Lol I was taking it easy on them. Q4 2016 was the first "realistic" release date that all of us investors expected the FS.
I don't think there are any hiccups because they keep saying things are going great. I think the company was a little too optimistic with the Q4 2016 release date and they need more time to tie up the loose ends.
The "world class" management needs to be honest with the shareholders and set a realistic release date instead of leading us on. When they set a date that cannot be met, a situation like this occurs where investors think something terrible is happening especially with the lack of communication.
A simple update can really help.
That can explain why they decided to raise enough money to last to the end of the year because they knew the FS was being pushed back.
Its coming up to the end of Q1 and we're still waiting for an update on the FS from Jim. I know it will work out in the end and patience is required but I think we all agree that the communication from the company can be better, especially regarding the delay from the planned release date of Q4 2016 without explanation.
Isn't the reason for the FS delay due to continually improving the numbers? If the numbers are in line with the PEA2, that would be disappointing considering the expectations that management has set. They've mentioned multiple times that the FS delays will pay off in the end.
There is usually a PPS run up prior to news that is important (and not important such as a move to the TSX).
The drifting of the PPS tells me that the market doesn't expect the FS anytime soon or the FS may be lackluster.
It scares me to think of the dilution that may occur if money has to be raised at this stock price. I know Mark has a lot of money riding on this, which gives me some confidence that he'll do what's best for us shareholders.
Has anybody spoken with IR and have any information that they can share with the rest of us? Thanks in advance.
GLTA
I was kidding but now that I think about it, would it be that surprising?
I don't care if the FS is pushed to next year. If they have extra work they need to get done to make the FS bulletproof then so be it. I just want the company to update the shareholders with a planned release date that is actually a date they can meet.
I understand your frustration. But you have waited this long, it would be foolish to sell out of frustration.
The management could have handled this better. They need to be honest with the timelines and if a deadline is missed they need to update the shareholders. We shouldn't be expected to have blind faith.
The PPS is only going to drift lower. I have no expectations at this point. If we're above 0.80 CAD at the end of this year I'll be happy. Hopefully management can surprise me.
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