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WOW!!!! How have all the Wall Street and retail investors been missing this?
REEs are now half of what they were a few months ago and dropping like a rock. Niocorp management missed the ball again. I can’t understand how these genius’s of the mining world can’t seem to make it off home plate. This is not MISINFORMATION
C’mon man, stop throwing shade on our World Class circus clowns….. I mean Dream Team
Ahhhhh, you’re clearly new here. Some of us have been here a decade or longer. Don’t pretend to be a team player and only giving management until 2024 until you revolt. Most of us have been in this shi*show for nearly a decade or longer, yet you call long term investors out for being bitter……LMAO
We’re up SPAC creek without a paddle! This is not the ship we thought we would be on!
Sadly, this is NOT disinformation. Very disappointing to see the moves that Niocorp management has made. Where are all these institutional investors we were promised?
DISINFORMATION!
Well lucky you!…..lol. We closed in the 4 range. Pretty pathetic we are closing below 50 cents (pre reverse SPAC split for you newbies). AO, we are now below $5, that’s below 50 cents a share pre reverse split. That’s not disinformation, that is a fact.
Disinformation everywhere…….lol is it disinformation that Niocorp stock is below the same share price it was nearly a decade ago. Is it disinformation that IBC is down more than 80% since Mark Smith took over? NO!, it’s not disinformation. These are facts and no amount of koolaid can change the facts.
https://markets.businessinsider.com/news/stocks/warren-buffett-salary-compensation-berkshire-hathaway-stock-billionaires-wealth-munger-2023-3?amp
What part of anything is disinformation?!?! Come on, we’re waiting. Put the koolaid down.
Absolutely pathetic!!! Mark, Jim and Scott are the six figure individuals that are responsible for this clusterfu*#k! All three of these circus clowns make more money than Warren Buffett now without bringing any significant financing or revenue and what do we have to show it?!?!?
We are trading at less than 50 fuc*ing cents (pre 10 for 1 reverse split) and they brought in two snakes into the BOD!!! Throw in the mess of IBC and you have yourself some real world class talent……lol. It’s time for a change!!!!
https://finance.yahoo.com/news/warren-buffetts-salary-100-000-150916458.html
Agreed and not a single person here can disagree. It’s absolutely pathetic that we are trading at $5.00 (50 cents pre 1 for 10 split), but no surprise given the poor performance from management.
Agreed, the competitive tension was clearly BS. The fact that Mark keeps going after money from predatory lenders with convertible debt deals is a huge red flag. The failed SPAC and addition of the two sponsors of that SPAC with a disreputable past to the BOD is an even larger red flag. It’s really no surprise to see where we are trading. Retail investors have been forsaken.
Wow, can you be any more condescending to a long term investor?!?! Duke laid it out clearly. Until you and a handful of other investors here don’t start demanding answers from management, there will never be accountability. The reality is, we are trading at a share price nearly a decade ago and to tell a long term investor that this investment isn’t for everyone is condescending BS.
This stock should be trading well above where it is with all the recent announcements. The reality is, management’s constant mistakes have taken their toll. New investors are staying clear of this stock because of the historical mistakes made by management. There’s quite a few more that could be added to Duke’s list. Hold management accountable and stop berating shareholders.
1)Financing any day-2017
2)Financing imminent- 2019
3) Appraisals on the west coast May 2020- Look for debt package soon after
4)2021- nothing
5)2022- sign a deal with a pack of hyenas and long term shareholders shares are cut 90%.
6)NASDAQ uplist and the stock is trashed the first day of trading. Company clapping and backslapping each other as share price melts. Not a good look.
7)BOD members Carabba and Ms. Fenga leave the board and are replaced by two people with no experience in mining but tons of experience in getting a lot for nothing.
8)REE results are about 10 months late and counting.
Whooooooo hoooooooo, fifty cents! Pathetic!
Regardless, there’s something nefarious going on. Follow the money. It might be time to bring in some bloodhounds to find out what’s going on behind the curtain.
Oh yeah, management has been telling us investors we are on the cusp of financing for a mere 8 years. I can feel it, it’s about to happen now. I bet the stock doubles in the next year. Unfortunately, we still won’t be any better off than before the SPAC of the stock doubled tomorrow. Investors are tired of the BS talk, constant delays and excuses. Well, except for a handful of the cult members who can’t put the koolaid down.
https://nebraskapublicmedia.org/en/news/news-articles/elk-creek-niobium-mine-could-be-operational-by-late-2016/
Jim Simms for CEO! Time for Mark to retire before he makes another disastrous deal.
Jim Simms for CEO! Time for Mark to retire before he makes another disastrous deal.
Mark is an expert at making the worst possible business deals with the most unscrupulous of Wall Street
These clowns are supposed to have a mine fully operational with a processing plant within 2 years and they can’t even get a demo plant completed in that time. Time to get some people in there that can get things done
The market cap is where it’s at because of the awful convertible debt deals that Mark Smith made with none other than Lind! IBC has had a 1 for 10 stock split and a triple increase in outstanding shares since that split. The stock is trading at a pathetic 5 cents. Please explain what an amazing businessman Mark Smith is. Will you have that chapter in your book? You can’t blame COVID, water or the Ukrainian war on this failure.
If you’ve done your DD, then you know that the rare earth prices have plummeted the past few months. Niocorp management failed to strike when the iron was hot. I want to see Niocorp succeed, but with the current failures from Niocorp management, that’s not going to happen. There’s a reason institutional investors are not willing to take the risk.
You and a handful of others keep misleading retail investors by claiming things were going to get better once the SPAC deal closed, then it was NASDAQ, then it was the Russell index. Niocorp management has failed the retail investors who have kept this ship afloat for nearly a decade. Again, there’s a reason institutional investors are not interested. Why do you feel management deserves your allegiance? Is it the fact that the share price is more than half of its yearly high and need to increase more than 100% to get back to where it was?
https://agmetalminer.com/2023/05/02/rare-earths-mmi-prices-plummet-as-rare-earth-demand-drops/#:~:text=These%20massive%20drops%20in%20prices,rising%20supply%20and%20falling%20demand.
How can you continue to side with Mark. Given all the information about the terrible deals he’s made, yet you still put him on a pedestal? Mark has failed shareholders in three of the companies that he’s been or currently the CEO. When are you going to finally realize that he is an awful businessman?
Sadly, those are the facts. I’m wouldn’t be surprised if some litigation isn’t pending with some investors. Mark may be hiding an ace up his sleeve, but his current business decisions have greased the palms of the SPAC sponsors and the institutional investors that failed to supply any financing walked away with millions of warrants at no cost to them. Wall Street is a criminal enterprise.
Niocorp management has lost their credibility with both main street and Wall Street at this point. The delays, reverse split, disastrous SPAC deal and adding two very questionable people to the BOD have hurt the share price. Even with all the great news, we sit here around $5.00 (50 cents pre reverse split). It’s pathetic to see where we are with Mark Smith at the helm after nearly a decade. I don’t see the needle moving until they secure debt financing and get digging.
Awful business deal, definitely exposed Mark as the Rodney Dangerfield of businessmen. He’s definitely not going to get any respect for that clusterfu*k deal! Full disclosure, loved Rodney’s performances as a comedian, but we don’t need a comedian to run Niocorp.
I wonder if Walter will include that aspect in his book?
They’ve known for quite awhile that they can separate the magnetic REEs. Explain why it would take months to determine the economic viability. How are we supposed to believe the company will have an operating mine in about two years when they can’t even operate a demonstration plant and have the final results in that time?
This is very frustrating. The company is into its second year of the demonstration plant and they still haven’t determined that they will even produce the magnetic REEs?!?!
We are being led to believe that the company will be able to build and have an operating mine in 2 years, yet they are still fu*#ing around with the demonstration plant.
It's also not clear just how much of the highly sought-after elements Stellantis would be able to buy as part of this agreement because NioCorp is still working to determine whether it will be make economic sense to produce the neodymium-praseodymium oxide, dysprosium oxide, and terbium oxide used to make magnets.
This announcement yesterday would have brought double digit gains a few years ago. Instead, we are in the red today. Mark’s inability to execute project financing and the horrendous SPAC deal are still very fresh in investors minds. Where are the institutional investors? Where are we with the third feasibility study?
Niocorp has deals with ThyssenKrupp, CMC Cometals and Traxys. They are great deals and this announcement would have resulted in a good run up on the stock a few years ago.
Management has made some great deals over the decade, but they’ve failed to execute on those deals. I believe the retail investors are disillusioned from the years of the being excited over something that isn’t being executed. The institutional investors are not showing any interest either.
ThyssenKrupp believed that the mine would be built nearly a decade ago. This was a definitive offtake agreement, not a term sheet or letter of intent. Many investors have believed that this mine would be built, but here we are with no financing (other than predatory financing to keep the lights on) and no interest from the institutional community.
https://www.niocorp.com/niocorp-completes-offtake-agreement-thyssenkrupp-50-planned-ferro-niobium-production/
It probably has something to do with Mark’s inability to make a good business deal. Between his horrendous financing with predatory lenders, the failed SPAC and the pathetic performance of IBC Advanced Alloys after several years at the helm, it’s no surprise that the share price is languishing.
Any large net worth investor or institution is going to do their DD (hence the institutional SPAC bailout). Look at Mark’s past and present performance. We all wanted to “believe”, but the reality is what it is. Years of talk about imminent financing, competitive tension, a third feasibility study, and the dismal performance of IBC Advanced Alloys have taken a toll on Mark’s credibility.
Gotta love the convertible garbage that Mark keeps getting us into. Go Yorkville go!
I think Mark is the Joe Dirt of the business world. Sure he’s a nice guy, but he can’t win at anything. Just one poor business deal after another.
Hey, at least Niocorp isn’t as big of a looser as Molycorp or IBC Advanced Alloys……yet. Mark can’t be a looser with every company he’s running. Niocorp has to be the one! Let’s hope so anyway! Go Niocorp Go!
I believe the majority of investors would agree with you.
Sounds like you’re asking for quite a bit there. I mean that’s like a whole 40 cents pre reverse split. Although that would still be less than our 52 week high and pre reverse split.
That’s great for you! Unfortunately, the majority here have been waiting 5, 10, even more years. Some are up on their investment a little (probably not figuring inflation), some are sideways, and many are in the red (especially figuring inflation).
There are many faithful investors here, including myself, that are fed up. Management has made too many missteps over the years and has made too many poor business deals for them to be ignored (it doesn’t take an MBA to see that!). I think the majority of shareholders have been overwhelmingly patient, but the patience tank is empty.
It’s been nearly a decade with no profits. What’s another decade right?!
Niocorp (NB) $5.14 +.13 (+2.59%) wow, on NASDAQ and all the other peer companies are doing amazing today.