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These What if's are what management led us to believe over the years..... I, like many, have been a faithful shareholder, and have rolled with the many many changes, rev's and wholesale departure(s) from plan.... But when something as important as the massive dilution of our hard earned shares is in the works, i feel compelled to speak out, Yes, without reservation, i will voice my opinion, it is not a matter of glass half empty or full, it is a pending course of action that is not congruent with what we have been led to believe by virtue of actions and stated philosophies of the managment suite......
PS......One would be accurate in saying that i am not always optimistic, but rather ALWAYS REALISTIC - I dont look at things thru rose colored glasses, but rather i try to deal with facts as they are laid out........with a realistic perspective.........
NCT
Let's not confuse 'drama' with opinions..... again, much to the shagrin of some of the 'praetorian guard' class of long-time investors (not all by any means), we don't need to wait until the merger and reverse split to see the handwriting on the wall.....
What are the chances that after the 1:10 Reverse Split that the stock appreciates by multiples of $10, to match what would have been $1 price increases before any RS.... logic: because there is no revenue and supporting fundamentals except NPV & Market Cap, and even though we've been told for years that this stock price (pre-finance) should be tied to to NPV, we have seen how that is simply not the case....without supporting fundamentals, i.e., net income, revenue, EBITDA, etc.... I don't think this stock will move much at all (between the merger and mine production) what catalysts, pray tell, would be responsible for significant share price increase?
I know many keep saying, just relax, this is a long term play, stop being so impatient (even tho investors have already been in for a long time)... ... Dang, Wall Street works on quarters, but Niocorp expects their shareholders to exercise extreme patience for 10-15 years, before expecting any reward.... while being in the dark most of that time, and going thru FS rinse repeat cycles every few years, i.e., **FS2012, FS2017, FS2019, FS2022 and another in FS2023 ( that is if that date doesn't also get pushed out a few quarters or year(s)......
Do i agree that this project will start paying off in the next 3-5 years, yes i do... and it will pay off big time.... but what about what everyone was expecting, i.e. a more linear SP appreciation, INSTEAD of BEING END LOADED, STARTING IN 3 OR 4 YEARS INSTEAD OF STARTING TO PAY OFF UPON THE FINANCING.... REMEMBER, EVERYONE HAS BEEN AWAITING FOR THE FINANCING AS IF IT WAS THE 2ND COMING OF CHRIST....every day post after post- over the past few years, has been about the upcoming FINANCING... and how good things were going to be when that long-awaited and much heralded financing came and what it would do to the share price....even the most loyal MB shareholders were wet dreaming about this 'Financing Nirvana'- I'm sure we can all remember that..... comon'.... NOW, we have moved the goal posts yet again, and many are trying to convinc everyone that waiting another 3-5 years is a very reasonable position and those that are not excited about a 1:10 reverse split are mal-contents, whining and creating drama!!
NET NET: Those who say it was either this substandard finance deal or wait 5 yrs. to get onto NSDQ, are presenting a false choice argument, and our A Team of management has had years and years to come up with a better financing arrangement, and have come up empty and thus this financing deal is on the table!!
I pray that another 'suitor' or partner or financing arrangement presents itself before this financial monstrosity becomes a reality......
All My opinion..... you are entitled to yours......
NCT
Yes Demo- that is what i signed up for a few yrs. back- and definitely not this financing scheme, with SP supressed and an ugly RS.... without getting into any advanced math, basic logic will tell you that it would be much easier for NIOBF to move from $1-$10 on favorable financing, positive REE demo results, FS update, etc....
Thank it would for NIOBF to move from $10 post RS, to $100 on that same set of news......
IMHO this whole financing package is being spun and investors are getting used to making the most out of the table scraps that we are getting fed- in lieu of the very positive trajectory that NIOBF was on b4 this SPAC merger was announced.......makes me wonder if there ever was an A B C D or E or were we in bed with SPAC executives like Bloom & Kehler, of Global Crossing implosion FAME..... who walked away with $35M each while GX shareholders (some were friends of mine) saw their shares/401K's blow up.........
I was sure that with the results of the Demo Plant testing, that we would have financial instutions beating our door down, or at least a few that were offering fair, reasonable equity & debt packages..... especially over the last 4+ years with management being so optimistic about getting financing, and now with the REE(s) accreditive revenue contribution, wouldn't the objective observer feel that we were finally settling into a very attractive position........ after all, we were right on the edge of financing BEFORE we announced REE results, and since this demo testing was pretty much 'confirmatory' since, as Jim explained in a response to my question on 4/9/22- The company already knew fairly accurately what the REE numbers were going to be coming out of testing, and Jim went on to say that even during Demo testing NIOCORP WAS IN TALKS WITH FINANCIERS, MODELING THOSE ANTICIPATED REE NUMBERS (QUANTITIES/ADDED REVENUE) !! .....
So, where did the train go off the tracks, to bring us current, where, regardless of any amount of favorable news, nothing will move our SP and we are in for a 1:10 RS!!! and then we hope that resulting (post RS) $10 SP will somehow move (OOM) i.e, 5x SP or 10xSP- to match what the NIOBF share price very well may have done with conventional financing i.e., (200M shares shelf financing) + Debt Financing partner...... I think it would have been very reasonable to expect our share price to move from ~$1 to ~$8'ish upon competing conventional financing..... AND WE WOULD NOT HAVE TO SUFFER THE 1:10 RS!!!
I for one, know unequivocally that this is not what i waited years for...... it flies in the face of what mgmt. was telling us about share dilution and imminent financing for many years.......I, as many other loyal shareholders, have been willing to wait a few years, even while constantly hearing our mgmt. team move the prize out 6 months and 6 more months and next quarter and next year and just one more Feasability Study, and on and on and on.......
Am i the only one who just does not see how it has come to this!? Was anyone else waiting for what management had told us, and although it had taken forever and ever with delay after delay, we seemed to close to that 'catbird seat position' as soon as the 'confirmatory' Demo testing is released...........
And again, i am waiting for the legacy investors, the ones that will defend any mgmt. move, no matter how bizarre, to tell me and anyone elso not drinking the Niocorp share dilution, alternate financing kool-aid to move on, and just sell your shares that you have been patiently waiting to work for you..... and be done with it.......
Absolutely Incredible........
NCT
agree with you Landmark, wrt the share price ..... it does not seem to matter what good news is announced, the share price may get a little bump but it always retraces back and settles down at the original price.....
NIO could probably broker a peace treaty betwn Russia and Ukraine, then pull the US out of a recession, then go on to solve hunger around the world.....
then you look down.....
and the frikkin' NIOBF share price STILL sits at .85 +/- WTF!!!
is the TSX/OTC (flea markets) with retail investors ONLY - actually holding this stock back to this degree?? or is there another variable/force at work here that i'm/we're missing??
NCT
i agree with that asessment AO, there should be a bump with the merger.... probably not as significant as i was expecting with 'conventional financing', but a bump nonetheless......
Nice video Walter... like the analogy too, however it may be a bit more reflective of our situation (as investors in the mine) - if the man was blindfolded, the lights went dark.... and some of the stairs were missing !!!
hahahaha _ lol lol
Just kidding..... kind of....
NCT
Long term (3-5 years+)??? Huh....... lots of NIOBF retail investors here already have 5-10 yrs. invested aka 'time served' :)..... Let's don't start a new 3-5 year clock and tell them they are impatient or greedy for wanting some kind of return within a reasonable timeframe.......
Many here already consider the time spent in this investment as a very long horizon.... and i'm sure they would love to be rewarded in this lifetime..... even tho i am sure they probably love their kids and grandkids and will pass on some of the windfall....
All i am saying is that with all of the recent developments, there has come a great deal of resetting of expectations, i.e., financing, SP appreciation, timelines etc....
Investors are understandably seeking clarity with all of the changes and timelines pushed out, etc... that is usually where a professional IR or CCO comes in to provide transparency and keep the natives updated so they don't feel like mushrooms and get restless...........
Disclaimer**** Do your own DD, make your own investment decisions and try hard to follow the bouncing ball!! boing boing boing boing boing......
NCT
There are some investors here that have been invested for over 10 years, I am sure they are hoping that your idea of a long term investment horizon is a worst case scenario with the lowest probability.... otherwise i don't know too many people that would lock up their money for 15-20 years in an investment. ....That is beyond a 'Long Term Investment', that is a mortgage! with an incredibly high 'opportunity cost. One that i'm sure that nobody (or very few) envsioned when they got involved in this investment.
Also, to be honest, I don't really think anyone believes that 5-10 years is immediate? especially in this 'attention deficit, fast food, instant gratification society we live in......
But i must say that i am very impressed with how you are setting up your grandkids or their kids with your 15-20 year Niocorp investment.... Nice long- term planning Nebraskan....!!
NCT
NCT
We may have to wait until next week for a reply from Jim S regarding the conference replay(s).........I don't think he's working at Niocorp this week, he's probably busy at IBC and Neo Materials, his other 2 companies........stand in line!
Demo- I for one, agree with you. The Demo Plant story has been front and center in everyone's mind over the last year, our future is predicated upon the results of the Demo Test, and we were told that it was to be closely monitored and progress/ongoing status reported.... that was almost 7 months ago....
And only NOW, in the video with Mark (at the 17:00 minute mark... Thank you for pointing that out A O) do we learn that no, we are not going to get the ever important Demo Plant updates as we were told, but RATHER, the Demo Plant status will be released as part of the updated FS in Q1 !!! HUH???????? What happened here.... and what happened to Demo Plant results going into last weeks' conferences in Vegas (REE & Scandium) which you would have thought would constitute 'table stakes' if you had a head seat at the table (like NIOCORP did as a Gold sponsor)............. But suddenly the status and outcome of the Demo Plant is being downplayed and we are being told there is nothing to see here! and if you ask about it, you will get the faithful followers who will tell you things like.... oh, don't worry, management knows what they are doing, they are just waiting until the merger to disclose the results, it will be more impactful then..... but wait, are we just waiting for uplisting so that the good news will resonate wider and further to the 'institutional and big fish' eco??? Why not shout the good news and status NOW to help the SP and then re-release all the accomplishments and positive PR at the time of merger/acq with GXII in Q1???
The lack of transparency and the moving goal posts and timelines and reneging are apalling.....Management needs to come out with something soon to assuage ALL Shareholders and let them know the ship is still on course, especially on the heels of the accounting oversight PR last week.........
To summarize, Yes, Demo Man.... I agree with you.... you are not going crazy..... you are right over the target.... and thanks for speaking out!!
NCT
Thanks for pointing that out, as i believe many people had the same question(s) about the timing of the announcement of each phase of the demo testing......
This messaging by Mark Smith (at the 17:00 minute mark) is very different than the information that Jim S. communicated to me on April 9 which i subsequently shared with the MB and is posted as a sticky note: See Below:
Questions:
1.) Has the Elk Creek Project production scale testing ‘infrastructure’ been set up yet? If not, when is this expected to be completed? The bulk of the necessary equipment has arrived at the demonstration plant and is in the process of being set up. The team is awaiting a few additional pieces but those are not slowing down the testing processes at this point.
2.) Has production scale testing begun yet? Yes. However, it is important to understand that the demonstration plant is not “production scale.” This is a small-scale demonstration plant that will operate at a feed rate of 10 kg/h, versus production scale which is 2764 tonnes per day.
3.) When can shareholders expect an ‘interim update NR’ regarding the status of production testing? Or will the next update be provided when the testing is completed and the FS is updated? Yes, we will issue updates as often as possible, when significant milestones worthy of an announcement are reached.
4.) Given the highly reported urgency in getting CE/REE mining up and running and producing in the US, is L3, as Niocorp’s testing contractor, working multiple shifts, i.e. day, night, 3 shifts per day and/or weekend shifts- to accomplish/complete the production testing for the Elk Creek Project and ultimate movement to finance closure? Or is it a single 8 hour , mon-fri - daily shift? The L3 team is indeed working very hard on this project, as it will help to prove out some innovative metallurgical approaches they have designed to significantly improve the efficiency of parts of our processing flow sheet. Typical hours at this point are 8 AM to midnight, and work continues on the weekends. While the L3 team is working long days, there is no logistical advantage to working multiple shifts as the work is being directed by a few key scientists and engineers who are directing a larger group of technicians.
5.) Is the FS being incrementally updated concurrently with the results of production testing, or does the FS get updated at the end of the testing? The FS is being incrementally updated as the work progresses. While this will streamline the issuance of a new technical report, please keep in mind that this a complex undertaking with approximately 20 authors, and the schedule for completing an update will be dictated by a particular critical path that will flow through engineering and costing and which relies on the outcome of the demonstration plant.
6.) Can you please provide any general/ballpark or best practice comparison estimates on the time it will take to update the FS report once the prod testing has completed? The entire process of demonstration plant testing and updating the FS will take a matter of months, and certainly should be announced in 2022.
7.) In a previous response to one of my questions, you stated that financial package meetings are ongoing with interested finance parties ( even while the L3 bench/production scale testing is happening in the background). Pls. clarify to help me understand how meetings with potential financier(s) are in progress without the requisite results of the production scale testing results. Isn’t any possible financing terms (and progress on the financing front) now dependent on the values i.e., i.e., cost numbers, production quantities, production costs, additional revenue contribution, etc. etc…. that come from the production testing results? Or perhaps financing meetings can be done using ‘hypothetical testing numbers, that are based on very educated engineering estimates, that would of course be updated with ACTUAL quantified test result(s) numbers when testing is completed. It is the latter. Please note that the metallurgical testwork and demonstration plant are confirmatory in nature and are intended to optimize design aspects like reaction kinetics and the impact of recycle streams that are best investigated under continuous operating conditions. We have extensive experience in rare earth processing and have estimated and modeled the existing and proposed metallurgical systems. We are certainly able to use our experience and existing models and cost estimates in a financing context in current multiple discussions.
Whoa!!!! hadn't seen anything on this new technology alternative .... Coal Fly Ash.... wait...i thought we weren't allowed to say the words ' COAL' or 'FOSSIL FUEL' anymore.......... anyway, this alternative REE resource can be considered either 'complementary' or 'disruptive' to mines like the Elk Creek Project....
hmmmmm............
NCT
AO- Those numbers ( MP moving from $14-$78 during construction) are Definitely worth posting 4 Times!!! hehehehe
Thanks Max! just for clarification on your projection, are you suggesting a $5 share price ($50 after 10:1 RS) at the time of the merger and RS in Q1 or down the road when the mine is built?
NCT
The major concern i would have with a RS is that there is almost no chance of sustaining an artificially high share price (as a result of the RS)...
Especially with a 3 year period with very few PR's while the mine is being built.... 'The dog days of mine construction'...... i can envision the share price gradually drifiting down over the quarters.... drip drip drip...gradual deterioration of SP down to $4 or $5 or......, so what may have started at $10 (post RS) might drip drip drip losing share price because after all there are no revenue/ earnings , EPS etc... or any other metrics to measure it by....... some say, Not to worry- that the SP would be pegged to the Enterprise Value or NPV of the company, well i saw a post from 2-3 years ago, where many thought our share price should have been pegged to NPV all along over these past few yrs up to this point, but we have seen that this is definitely NOT the case......
Net net..... if the RS is in the 2:1 or 3:1 range, it may be much less deleterious, and more acceptable than say a 10:1 RS..... that would just suck big time!!
All IMHO.....
NCT
Good points all Crit! and i agree, nothing seems to move the SP on this stock as it trades on these sub-markets....
But one would think that with our management's (Jim S.) connection to D.C., we would have a 'leg up on getting the attention of the funding group(s) in Washington DC... regardless of which market we are listed on.... or at least we could get calls answered...
hmmmmm.... vexing indeed........
NCT
I agree with you Crit! we should definitely be on this list... we should be in the epicenter of getting gubment assistance. Not sure why we are not showing up on state list(s) or getting any updates or getting any table scraps.... Is this yet another example of an item that is waiting for demo testing results?? like everything else,....
As many have said and i am in total agreement.... I cannot for the life of me figure out why mgmt. did not do everything in their power to get the 2-3 week demo testing completed within the allotted 7 months! That one is baffling beyond comprehension....
And the notion that we need to wait until after the GXII merger to announce good news sounds wacky....... why not just keep announcing good news and get the share price up ( because unlike other posters who have said they believe the 1:10 RS is a foregone conclusion)... I sure the heck DON'T, and we need to get the SP up within the next 2-3 months.....
With all of the GXII exec's, (Bloom, Kehler) that were part of picking the bones of Global Crossing (GX) in 2002 and probably have vacation homes and yachts to show for it..... I am hoping that we don't also see the rest of the Drexel Burnham Lambert junk bond department (Michael Milken, Keating....)...show up here too...... god help us!!
NCT
Putz-
Incredible with the 2nd biggest deposit in NA, that we would get no love on the $2.8B Gubment cheez.... I wonder if it has to do with the fact that our REE testing has been delayed for 7 months and has not been definitively declared that NIOCORP WILL UNEQUIVOCALLY BE PRODUCING REE'S....... because we still have not declared this.....until the status from each phase AND the FS has been updated.......
Which is suprising since Jim S. said back in April that the demo testing would be "confirmatory", since they already pretty much know what we have for REE's and processing workflows..... Jim said that they were in discussions with multiple financing entities, (while using those numbers that were being confirmed by Demo testing- for the details/terms of the financing..... hmmm.... so, were those 'to be confirmed' numbers not shared with the government (or not used when applying for government funding)??? or was the gubment adament about the need for NIOCORP to complete Demo Testing (and disclose actual REE metrics) before we could be eligible for govment funding.....if so, this 7 month Demo Testing delay is even more Exasperating!...... very confusing....... and even more confusing because no NIO IR status was ever provided relative to Niocorp's interaction with government funding (i.e., applications, eligibility, etc....)......although this information/status info was repeatedly requested ... I guess we can chalk the lack of clarity and status up to Shareholders not having the need to know.... that's NDA don't you know!!! :) :)
Hard to believe that after the May 19, 2022 news release-
'NioCorp’s Elk Creek Project Confirmed as the Second Largest Indicated-Or-Better Rare Earth Resource in the U.S' that Niocorp STILL can't even get a whiff or a bone from the Gub'ment.....($2.8B chunk 'o Cheez).......
And the beat goes on.........and on..........
I still go back to my contention that with everything that NIOCORP seems to have going for it, and Critical Minerals being squarely in the WORLDWIDE spotlight.... all eyes on this sector.... and both political parties aligned on the importance of these minerals.... and yadda yadda yadda blah blah blah
And keeping in mind that we have a hugely financially/economically positive mining company, permit ready, with a dream portfolio of hyper-demanded resources......... As such, Would somebody please help me answer this question:
WHY IN THE FRICK WOULD WE EVER HAVE TO SETTLE FOR SPAC OR OTHER TYPE OF SECONDARY/DISTRESSED FINANCING!!!!?????
- where we have to give away massive equity... and deal with less than top-notch financiers??? When i got in to this investment, i heard that we had Tier 1 investment houses like Credit Suisse and Morgan (who, Mark S had done business with in the past) standing ready to finance this project (that was back in 2018).... And NOW, we are dealing with Drexel BL cronies in a SPAC situation........ WTF
Ok, what am i missing here.... there has to be some hidden loaded diaper that i have not factored in.... when one looks at the economics of the mine, and thru interviews and PR's it has been very clear that REE's will be in the mix, (DUH.... NIO would NOT be at REE conference if not!!)..(Sidenote: The REE hysteria and exponential hockey stick REE pricing began 4-5 yrs. ago, not 1 or 2 yrs. ago.....so STILL not sure why NIO stayed on the sidelines when WE HAVE THE 2ND BIGGEST REE DEPOSITS IN N.A.- Gosh, wonder if there are any more suprises under there!? maybe there's also GOLD in them thar' hills/mine, but heck we don't want to rush anything and show all of our cards this early!! (hahaha) UGH.......
This is a Wharton School case study on how to do things backwards i am afraid!! we were very late to the party, but we seem to have caught up and So why are we STILL groveling for boiler-room/sub optimal financing deals? and getting no guidance from mgmt. on financing status over the years (hearing things like "very close" and "A B C D E options, we're in talks with multiple parties, and 'cornerstone investor' and blah blah blah....But NIO seems to be treated by financial institutions like the mining industry's Red Headed Stepchild (no offense to red heads intended)..... it appears we are going to financial instituions with hat in hand and on our knees....... WHY?? with our asset!! It's UN-FATH-OM-ABLE..
But again, be patient, and stop complaining, and be happy with your .84 SP or SELL YOUR SHARES AND MOVE ON! because soon, You whining retail shareholder's opinions are not going to make a spit of difference anyway- once the big Institutional Boys take over ....
And the beat goes on...... and on....... and on......
ARGHHHHHHHHH
Yes, GX (Global Crossing) had a terrible reputation in the financial world.... lesser, but similar to Enron and Worldcom... Their CEO, Gary Winnick, sold his Global Crossing shares right before the SP imploded in 2002 (amazing timing- eh?? AND he netted something like $600M-$800M +/- (sound familiar....) and he escaped any consequence...... AMAZING!... hmm.
All 3 of the people you mentioned who were affiliated with making millions off Global Crossing( even while the shareholders saw their 401K's go down in flames) were also affiliated with Drexel ( think Michael Milken) in the 80's!!! Can't make this stuff up!!!
Today Winnick is working in LA
As of 2015, he was Chairman and Chief Executive Officer of Winnick & Company,[1] a Los Angeles-based private investment firm founded in 1985.[2] In 1999, Winnick was listed by the Los Angeles Business Journal as the wealthiest Angeleno with a net worth of more than $6 billion; as of 2002 his net worth was listed at $900 million.[3] In 2021, Winnick was named one of the LA500 by the journal.[4]
Quick GX related story: I went for a job interview at Global Crossing (Telecomm/Data Center ) in 2000- After the interview, the sales engineer interviewing/hiring manager took me by Winnick's office in the shiny huge headqtrs. in santa clara, CA... he told me Winnick liked to see all new potential recruits post intv'w...... As i passed his office, it was dark in there, the door was open and i saw Winnick sitting in the dark room... he barely nodded his head at me when i walked by.... was all kind of wierd........ needless to say I didn't take the job...
Hate to think that this financing SPAC has an affiliation with former GX (Global Crossing) Executives.... Yikes!
NCT
Demo Man- Maybe you should ask Jim for clarification.... HAHAHAHAHAHAHA
(I know how hard you are laughing now..... but consider this....)
Maybe when he is done with his grueling work days with
- Neo Performance Materials (CCO)
-IBC (Director)
and of course his heavy workload with Niocorp ( comon' wordsmithing PR/NR's can be extremely time consuming you know) .....and worth every bit of his HEFTY/GAWDY $270K Salary!!
In a word...................."WOW"
NCT
Demo Man- at the risk of sounding like i am piling on Jim Sims.... I agree with you..... We get sporadic responses from our courteous inquiries into Jim S, he will answer one and then go dark for the next 5 inquiries....
Very little Jim has told us regarding timelines has come true, most recently with the results of demo plant testing, he said we were going to receive updates per phase- is not happening.
He told us that testing would be several weeks, that was over 6 months ago....
I guess it can be difficult to keep shareholders updated when you are working for 3 companies, but with the kings ransom type salary Jim is drawing from NioCorp, we, the shareholders, should expect better.... MUCH BETTER...
When i first began investing with this company, around 4 yrs. ago, i was excited when i read about Jim S. background- with his contacts in DC... I envisioned that this pedigree and promixity to D.C. insiders would be incredibly helpful, but it has not been in the least helpful for our company. On those rare instances when we do get a morcel of feedback from Jim- regarding questions about Gubment assistance, loans, cheeze, etc..... he can tell us NOTHING, and quarters and years go by with shareholders in the DARK. But i guess all of that is Top Secret and we pee on shareholders just need to eat table scraps and trust that Jim is on it and has everything under control and pushing all the right buttons and making all the right contacts, and filling out all the necessary applications....... uh huh.... RIGHT!!
BUT NOTHING EVER HAPPENS AND NO UPDATES!
PATHETIC....
AND THE NIO BEAT GOES ON......AND ON AND ON AND ON......
The whold world needs CM's, it's front burner, we are sitting on an incredible resource.... and on and on... yadda yadda blah blah......
Meanwhile the stock sits at .90 USD, and we are giving most of equity away. If we are in such the catbird seat, wouldn't you think people would be banging our door down and auto mfr's and steel companies would be clammering to set up deals, offtakes, acquire the company, etc. etc. etc...!!! Hmmm..... almost seems that there is so much more at play here, and that the banks are exercising hyper vigilance, when it comes to NioCorp management, perhaps because of the history of litigation and Bankruptcy at Molycorp...... one can only wonder......
Another Month, Another Quarter, Another Year....... yadda yadda yadda....
NCT
Demo Man- Agree 100%! It would be laughable for Niocorp mgmt. to show up to the scandium conference without update(s) or PR.........You know, the way they showed up to the REE conference...... boy those darn Kilns can really slow down testing huh...... probably had nothing to do with L3 being able to fullfill a multi threaded/phased testing regimen and complete tasks within a contracted timeframe. No.... not a chance..... Maybe we got a real good project rate with L3, but we sure did pay dearly with time delays.....
Or Hey, maybe the Gatorade bottle on the Kiln had something to do with the 7 month delay, perhaps it comromised the testing!!
Always a suprise behind the next bush with NIOCORP.....
But Seriously folks......Be patient....and more patient and still more patient - and don't read too much into the hype cuz everyone has probably seen optimistic statements materialize into nothing many times .......
But take heart........Really good things are going to happen next quarter or the quarter after that or next year or definitely within 3-5 years!! we promise!!
FS2012, FS2017, FS2019, FS2022..... Throw another FS on the pile....
It's just a matter of time now...... uh huh.....
YAWNING........
NCT
Please forgive me for being candid- but i must say that i am still stunned and hugely frustrated that we were not able to pull off L3 Demo plant testing, when we had 7 MONTHS to get a 2-3 week test completed! It would have been a huge feather in the NIO cap, to have gone into today's REE conference on the heels of the Demo testing REE results! and notification to investment communities that NIO has the Goods, they have been analyzed, quantified, and the story just got significantly better......... There is no other way to spin that fact!
And for those that contend that it (timing on the completion of the L3 Demo Plant testing/results) was out of Niocorp's hands and that they were at the mercy of L3 's timeline for starting and completing the testing........ I would argue that a much tighter reign on contracters, and compliance with contract terms, including procurement of equipment, operational aspects, etc... and comparing contractor/vendors, should have all been in play.... Of course we are not privvy to what went on behind the scenes with the vetting process of Niocorp's contractors, but one has to ask and wonder if L3 was properly vetted regarding their ability to complete the important phased testing task(s)..... or were they just 'on their own timeline' on a status of minimal oversight and finishing the task when they got to it.....?? many were very underwhelmed by L3's website a few months back.... wonder if we didn't sacrifice professionalism and time sensitivity- in favor of 'least cost provider/contractor'.......hmmm.... and we STILL have not received updates on any progress (and have had to fight tooth and nail just to get an update saying that the testing start was delayed 4 months + due to equipment (KILN) supply issues)..... This is going on 7 months now.....That is piss poor communications, regardless of how you spin or slice it!
And here we sit, on the day of the 'new day is dawning' campaign for NIO, where we embark on the road show tour to show the world what we have here.... , starting with this REE conference, and we don't even have the tailwind from the Demo Plant testing PR to add the cred during the REE conference! ARGHHH
Well, one probably shouldn't be suprised, just throw it on the missed deadline and imminent financing and FS2012, 2017, 2019, 2022 pile of milestones and consistently moving targets that CAME AND WENT.........I have always said that it would almost be impossible to screw this opportunity up.... with the way the geopolitical planets are aligned wrt our REE/CE product in the bulls eye of wall street, politicians, EV automakers, green energy wave hysteria, etc. etc.... with NIOPERFECTLY POSITIONED AT THE RIGHT PLACE AT THE RIGHT TIME......... BUT we seem to chase our tails and pull defeat out of the jaws of victory on a regular basis!!....
Sheeeeeeeeeeeeez..............
Let's go NIOCORP.... YOU CAN DO THIS!! YOU REALLY CAN!!!
NCT
I thought i heard in one of the recent (post GXII acquisition PR) Proactive or Equity.Guru interviews where Mark S. said that the next step(s) would be the results of the Demo Plant testing would be updating the FS, and now that we see (per updated presentation) that the FS will not be released until Q1, are we now to conclude that there will be NO UPDATES on the results of each of the 3 phases of the Demo testing (as we were told by Jim S.)!!??
My oh my oh my.......It's hard to keep up with the NIO misdirections and moving goal posts.... definitely tests the shareholder's patience to the n'th degree..... hmmmm
I am hoping for the best this week, but with no PR regarding the REE conference, i wonder if anything changed with those plans as well??
And the beat goes on......
NCT
I'm a night owl, so i will check it later in the morning.... It's like Xmas eve, waiting for santa to come down the chimney with the REE results! and some other goodies in that fat sack on his back..... or maybe he's just stopping in to feed the reindeers and grab a couple 'cold ones' and a 'quickie'... but. forgive me as i digresssssss.......
Time will tell......
tick tock tick tock tick tock tick tock......
mouse up the dang clock........
Nio and L3 working around that clock updating all the testing results......
Coffee going down like crazy to get thru the long tedious & arduous testing/updating nights.....(Well, at least i hope that this image is reflective of the urgency L3/NIO are applying to get the testing results ready to publish /PR in time for the conference.....)
As Demo is fond of saying.. " March $10 Madness is in the AIR'.... or something like that.... (sorry Demo, I paraphrase..., your's is more eloquently stated)..
Yadddda, Ya-da, Freakin' Yadddda!!
NCT - Rejoicing over Yank's (evil empire) loss, and doing cartwheels after my Tennessee Vols somehow triumped over 'Crimson Tide, while my Syracuse Orangemen also remained unbeaten....
PS-
The planets are perfectly galactically aligned! Let's strike while this mining iron is HOT! Full speed ahead, damn the torpedos and damn the reverse split.... let's get this SP to $5-$10 so we don't have to bend over and take an ugly ratio RS .... cuz i don't want to take the chance of a ' Post' Reverse Split share price maintaining a high Share Price for 3+ years while the mine gets built - with no fundamentals (i.e., earnings, EPS, etc...) to support and sustain that high post RS share price..... people have short memories... and once the confetti has fallen, the punch dranken' (possible grammatical issue there) and the crowd has gone home ( following the GX Acquisition and the initial bump from large institutional investors, etc...) then the 3-4 year construction doldrums (the dog daze' of construction) will linger on and on and the share price will probably wander south.... cuz' why would it go north with no news??....Until of course it (SP) picks up significantly when the mine starts producing, which should be a very lucrative run thereafter........ But again, I'm just worried about the post SPAC/GXII hangover after the 'FOMO' bounce and the Caligula-esq NSDQ listing/Acquisition closing orgy .... what will be left to sustain a 'gawdy' post 5:1 or 10:1 RS share price??? (maybe on the outside chance that a possible PR that drilling has shown a much larger ore body and CM's, 8x or 10x larger than originally drill proven and advertised) but aside from that, what else??........... anyway, that's JMHO...... i could be full of S$#@! but i don't think so......
Zzzzzzzzzzz
Thanks AO- Hopefully Monday will be an eventful day including an impactful Press Release regarding Demo Testing results....
Then, armed with this presumably positive REE results, our management team can walk thru the conference room with a swagger, with all eyes on them, for they will have just disclosed the results of the highly anticipated and long awaited Demo Plant testing!!I
I can just hear some of the other mining executives from companies like Lynas, MP, AMAT, etc.... thinking and mumbling under their breath.. "Wow, did you see that news release that Niocorp just dropped!!? "They are on a roll over there in Elk Creek"... We better pay close attention to Mark's Tuesday presentation, and I hope we can carve out a few minutes with the Niocorp management team, because we know just how busy they are going to certainly goin to be, after dropping that latest news"!!
And Niocorp will be sponsoring the lunch(s) to boot!!!
Dang, can things get ANY better......
Looking forward to that ever-important Monday REE resuts from Demo Plant testing PR!!
Go NIO!
NCT
I sure hope so Demo! That would be NICE!
Tried to access the Niocorp Presentation (on the web site).. It is not accessible right now 6:12/PST
This might be a good OMEN, hopefully they are updating the home website to include the REE update from Demo Testing!! and subsequently will post the revised presentation Monday AFTER the PR drops -detailing results from 1 or more Demo phase tests!!
Hope springs eternal!!
GO NIO!! SUPRISE US WITH THE JUST IN TIME PR WITH DEMO RESULTS!! Would provide a significant amount of 'street cred' in the midst of all the REE Titans that will be attending the Tuesday REE Conference!!
You CAN DO THIS!
Chugga Chugga Chugga Chugga Chugga Chugga Chugga Chugga ........
Like Thomas the Train..... 'The 'Lil Engine that Could'....
NCT
Stark- I could not agree with you more. Well stated.... We need a demo testing update.....Yesterday
Ya-Da
NCT
I don't disagree that timelines can change and we are undoubtedly seeing that play out, in fact the Demo testing timeline has changed significantly from what we heard early in Q2 of this year, but here we are in Q4, almost 7 months later, with very little update from the company on the testing that everyone is waiting with baited breath-for results on the 3 phases.....
I think we are all aware that projects exceed timelines/budgets, etc.... but that is all the more reason to have crisp communications with all of these loyal shareholders that have been here for a long time.....
Many things can happen simultaneously, this mgmt. team is multi threaded or they would not have gotten this far in the lifecycle of the pre production mine; and Yes, agreed, Nasdaq uplisting will be big for all the reasons Mark details in the Equity.Guru video, but all the while, and in the interim, they owe shareholders HONEST & TIMELY communication, and we have not received honest comm's when it comes to the significant demo testing component. There is just no way around that.... Just let shareholders know what is going on, do not keep them in the dark for months on end.... better to get the bad news out (i.e., 5-6 month delay on hardware (Kiln) procurement/set up) and move forward.....then that will give folks (shareholders) a better idea about where the project is, and when the dominos might fall into place and a current status of THEIR company's project..... Smart management can (and is getting paid handsomely) to keep many balls juggling simultaneously, it is a top priority to keep shareholders abreast of all developments on THEIR company's project(s) that THEY have invested in.....
Waiting with others, remaining optimistic - but need more updates AND transparency......
NCT
NCT
In the latest 'Equity.Guru' video at the ~ 9:00 mark, Mark says that they hope to have the REE data populated into a revised FS hopefully within "the next couple months"....
Do you take that to mean that there will still be incremental status provided on each of the 3 phases of the demo plant testing
OR
Does this mean that there will be no incremental status provided for each of the 3 demo plant phases, but rather, the next update that will be announced pursuant to the demo testing (3 phases) will be when the updated FS is published (hopefully within the next couple months)!??
If the latter, then this is a pretty significant departure from what Jim S. communicated to me in email and to the shareholders in NR... as we were told that we would be getting testing update within several weeks - (in the Sept. 6 PR.).... It seems that months and quarters go by without any updates here in NIO-ville, case in point... we had no idea why the Demo testing was months late in kicking off, until we kept pestering IR and finally were told about the long hardware delays.... this should have been divulged to shareholders months earlier...
As a shareholder, i just want to be able to know what to expect, based on the investor relations messaging & PR's transmitted by the company. While i am fairly excited about the contents, and explanation of financing developments covered in this latest Equity.Guru video, as the financing does sound more promising- as the details of the SPAC Acq. have become more available.....
HOWEVER I would love to see NIO stick to their word - regarding providing incremental phase updates on the DEMO TESTING! (For obvious reasons relative to SP value.......)
Comments welcome....
NCT
In reading thru the Deloitte web site link (Thanks AO), i came across this excerpt:
The difference between going public via SPAC merger and traditional IPO
"While a traditional IPO determines its pricing at the end of the process, SPAC sponsors and the operating company negotiate a price up front, offsetting the risk of market volatility and bad timing".......
hmmmmm.....
I'm left with the LINGERING question:
Even if the SP does appreciate between now and SPAC closing, will it make any difference on the RS ratio and dilution? this Deloitte excerpt seems to indicate NOT.. still corn-fewzed.....
NCT
Agree Crit! that would be an AWESOME early Xmas present indeed. Suprise us NIO!
All GREAT questions Demo Man! Exactly the questions i have as well!
I am VERY suprised that the Demo Testing and FS updating has stretched on and on and on..... After hearing that there was a Demo Testing Delay (Kiln supply issues) way back in APRIL, and testing did not commence until SEPTEMBER.... and we were told that we would get incremental phase updates ( an update after each phase is completed)... But we still have heard nothing... are we to conclude that we STILL have not completed phase 1 of Demo Testing??? or did they change that format and will not update shareholders until all 3 phases have completed??? hmmmm
I still remain bewildered at how we could possibly move forward with desperation equity financing without having the benefit of the results of Demo Testing and the presumed highly accreditive REE revenue and cost saving processing efficiencies!
I would also be stunned if we did not have at least ph 1 demo testing results prior to the conferences next week! It would seem to be laughably counter-intuitive and a major example of 'putting the cart before the horse'.. if we have a major role at the REE conference WITHOUT HAVING CONFIRMED THAT NIOCORP IS INDEED PRODUCING REE's.. What would we tell the conference audience...... "Thanks for coming, and we hope you enjoy the Niocorp provided lunch, we are aware that this is a REE conference, as such, Niocorp feels very confident that we are going to be producing REE's, but with all the ongoing testing issues, we have still not completed the demo plant testing, but again, please enjoy the lunch... and we will be working around the clock to confirm our mine production plans- and will let ya'll know as soon as we figure it all out"....
sheeeeeez.....
NCT
Excellent DD as usual Chico! Lots of high probability possibilities!!
With the Elk Creek Project resource portfolio, one would think it is a matter of when, not if, we sign some off takes and partnerships.... Hoping DOTS connect within the next few months....
Thanks Demo! Agree, we should be well over our current $1 SP.... definitely need some of that FOMO to kick in soon! I like your optimism....
NCT
Thanks again for posting the MP SPAC merger article Wagner.. very interesting indeed...... can we make a comparison between MP and NIO at their very different mine lifecycle stages?
I wonder tho, while there are paralells between MP and NIO relative to the SPAC financing..... it seems to me that MP, being at the advanced stage of already producing product makes the comparison less relevant, as it is not apples to apples?? since NIO is years away from producing product........ nevertheless, i do hope (with SPAC financing) there is some commonality in the effect it has on the Share Price .....
NCT
Yes Wagner-
A green & happy ending today- to this sometimes painful and intense deep tissue massage would be considered awesome!
Drip.... drip....... drip.......
Ya-Da
NCT