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Yes, that would explain why Fernanda Reda Fenga Viana Klamas resigned. It’s a complete disgrace how the retail investors were played into voting for this BS! They might want to get the ship upright before the next town hall or AGM.
Hire Kirk, Mr. Bean, or Larry the Cable Guy. He knows how to “Get R Done” and he hasn’t screwed over local investors and landowners such as Beverly Beethe.
“The way I got treated, I hope that they don’t treat the community that way,” - Beverly Beethe
Many of the locals and landowners were supporters of the project, but the poor business deals and a plummeting share price has resulted in a turning of the tide. They have reason to be mad as hell and the company needs to address this.
https://www.sec.gov/Archives/edgar/data/1512228/000153949723000119/n2574_x79-425.htm
The trajectory that the company and the share price has taken does not coincide with your assessment. We are not in a good place with Yorkville and the shysters from GXII who stole a majority stake in the company for bringing nothing to the table!!!
There are some investors who are mad as hell, as well as they should be. The fact that you refuse to acknowledge the shady dealings the company has made with Lind, Yorkville and the GX sponsors is a testament that your grasp on what is going on is pretty limited.
Here’s a dose of reality for everyone. Niocorp stock was at $5.60 (.56 post 1 for 10 reverse split) March 1, 2010! We are below the share price of where we were over 13 years ago. Mark and his “World Class Team” have managed to add massive dilution to the retail shareholders in the company, give shady companies like Lind, Yorkville, and the GXII sponsors insanely generous deals at our expense.
I know there’s enough people now who are mad as hell and demand answers. Yes, there are a handful who continue to enable management to continue their poor performance without any resistance, but that group is dwindling as the reality becomes increasingly apparent.
The fact that us long term shareholders are below the share price of where we were over 13 years ago is unacceptable!
FERNANDA FENGA was the only one that impressed me and she has resigned. All the others are as impressive as a toddler graduating potty training. You’re the only one that is impressed. The institutional investors are not impressed and your peer retail investors are not impressed either.
I don’t think anyone here is holding the entire team responsible for the mess that has been made.
Mark bears the full responsibility for the poor decisions made. Bringing in the shysters from GXII with absolutely no equity in hand or mining background is a complete disgrace! Giving them two seats on the board of directors after the SPAC failure is a complete disaster!
Oh boy!
That is the beauty of this project. It is on private land. All the permits are in place and Mark still struggles to get this done. It’s actually quite pathetic when you think of all the other hurdles these other mining projects have. It’s time to get Mark out before he continues to dilute the hell out of the stock angain and make another disastrous “deal”!
Mark may be one hell of a nice guy, but he makes awfully terrible business deals and can’t attract the interest of the institutional investors. Mark is the Scott Frost of mining executives.
Shareholders expect performance as well. Mark and the Niocorp team are employed and work for the shareholders.
How would you rate Mark’s performance with Niocorp and IBC?!?! Both have had extreme dilution and both have had 1 for 10 reverse splits under his leadership. Both have diluted investor’s holdings while causing a plunge in share price. How do you rate Mark’s performance?
Shareholders expect performance as well. Mark and the Niocorp team are employed and work for the shareholders.
How would you rate Mark’s performance with Niocorp and IBC?!?! Both have had extreme dilution and both have had 1 for 10 reverse splits under his leadership. Both have diluted investor’s holdings while causing a plunge in share price. How do you rate Mark’s performance?
Mark certainly DID say that financing was imminent at the 2019 AGM!!!
Mark has not proven himself to be a good leader or deal maker. Given what he’s done with Niocorp and his complete failure with IBC, he needs to go. Nice guy or not, he is a horrible CEO and his poor performance can not be ignored any longer.
Bingo! This was the work of the World Class management team at Niocorp?!?! SMFH!
It’s sad to see how the stock has faltered with all the great announcements. It’s clear that retail investors are tired of the talk. The institutional investors are not coming to the table either. I think Scott is with his weight in gold, but the rest of the team are clearly not. This project needs a leader to attract the institutional investors and get the financing needed.
The original retail investors that have been with this team for the past decade are literally dying off and new retail investors or institutional investors are clearly not impressed with Mark’s abilities.
Don’t get too excited! Niocorp and IBC announced they were developing a scandium alloy with IBC going on 6 years now! This is why investors have lost faith in management. FYI, IBC stock is down over 80% since that was announced and Mark has managed to triple the outstanding shares. Management is not the world class team we were led to believe.
https://www.niocorp.com/ibc-niocorp-announce-successful-completion-initial-casting-campaign-aluminum-scandium-alloys/
That is a question for management and you can bet your arse, they will be put in the hot seat the next meeting they have with investors!
$10……lol. That’s sad when the benchmark is $1 pre reverse split after we get financing. That’s a sad situation to think $10 is where we hope to be after financing. They better hope it’s north of $20 ($2.00 pre reverse split) before groundbreaking or they will have the landowner (Beethe) and several hundred other shareholders there to give a not so warm reception.
Niocorp stock is where it was 5 years ago. It’s so disheartening and sad to see. Niocorp had some great announcements this week, yet the stock price failed to move. The company has relied on retail investors for over a decade and they have failed to attract institutional investors. Niocorp management has not endeared themselves to the retail investors who have supported them all these years.
The failed SPAC deal, adding two shysters from NYC with a sordid reputation to the board of directors and a faltering share price does not make for a good relationship with the investors who have supported them all these years. If you take interest rates into account, the share price is much worse than it was 5 years ago.
Wow, a buck! That’s .10 pre split, sad times indeed.
Sure, but there’s no incentive when they are not making anything except hot air and smoke.
The reality is, we have a great resource and a poor management team. I don’t like admitting that, but their abilities or lack of are quite apparent. They blew it with the GXII deal by giving up so much to gain so little. The SP is half of what it was before they talked everyone into voting for this. We need to gain 100% in value to be where we were! We deserve better!
Unfortunately, no one here can do that. Mark and the team gave up a significant amount of the company and actually lost money in the “deal”. Then added two of these shysters from GXII to the board of directors! I’m mad as hell as an investor as well as many others. I can not understand how ANY investor here can agree that the “deal” was a good deal for Niocorp investors.
Management has yet to make any statement about the clusterf#*k deal regarding the complete failure of financing and why they added two shysters from the “deal” to the board of directors! This deal is NOT the work of a world class management team. It’s disgraceful how bad this “deal” was.
I do believe this is a gem that will be developed. I’m no longer convinced the current team are the ones to do it. The next town hall or investor’s meeting will likely get pretty hot.
REE results that were supposed to be released by the end of May? Did you get the results of the REE directly from Scott because no one else has heard anything. Please forward the information to the rest of us
Yes, and we only need to go up 100% to get to where we were last October before the clusterfu*#k SPAC deal left us with no financing and two foxes in the hen house to feast upon the chickens.
Hey now, that’s enough of those pesky facts! Don’t be throwing out these kind of facts and making management look like amateurs. They are world class mining managers! The fact they added two geniuses from the poultry industry to the board of directors from a failed SPAC deal is a testament of their abilities.
This management team was literally hoodwinked by some chicken peddlers into giving them a significant portion of the company that cost us money. On top of that, they gave them two seats on the board of directors!….lol….Let’s hope for a buyout! This management team makes the management team at Enron and Global Crossing look good.
The only ones that blow hot air and smoke are management. Three, count them three feasibility studies now and still blowing smoke up investor’s a**es! Say what you want, but after a decade of not executing and delivering financing, while adding hundreds of millions of shares (before the 1 for 10 reverse split) is NOT a testament of a world class management team!
What progress are you speaking of?!? We have had our shares diluted into oblivion, a reverse split, a share price equivalent to what it was 9 years ago, a SPAC deal that netted us nothing in regards to financing, added two chicken gurus to the board of directors, missed financial statements, no execution on financing, and there’s not a single shovel in the ground!
This gem should have and could have been financed years ago if they had a team that had the energy to get it done. I don’t think Niocorp management has the energy or enthusiasm needed to execute on getting the project completed. I’m hoping they get a bugle from a mining company that can actually make something happen instead of talking about it for another decade.
I have a few years left in me, but there’s several investors that I’ve known personally over the past decade that have passed away waiting for this to be financed. Sadly, I know there are several others here that will not be with us in the next decade.
Yes, there are several new mining projects that have been financed and making much more progress than this management team has done the past decade. Do some DD before you speak.
https://www.npr.org/2022/10/08/1127310649/in-idaho-americas-first-and-only-cobalt-mine-in-decades-is-opening
https://www.eenews.net/articles/silicon-valley-of-lithium-nevada-mine-breaks-ground/
Be easy on management, they’ve only been working on this project for a decade. It takes at least three feasibility studies and lots of numerous missed executions to make things happen…..lol
Not going to lie, I hope we have a significant bid on the company and we get sold. I believe this a great project, but have lost faith in management with their constant shortcomings.
They’ve been talking about developing a master alloy going on 5 years with IBC. Management loves to talk, but they don’t execute well. Don’t get too excited…lol
https://ibcadvancedalloys.com/category/scandium-news/
Lol, this adventure has not been a fun one. After going on a decade, we deserve better. This was a certainty not the news that will bring new investors to the table.
This is the best they can do after over a year with the demonstration plant?!? Nothing on REEs or the other minerals?!? This is absolutely ridiculous!
Did COVID prevent them from having their financials released? Did COVID cause the SPAC deal to falter and have all the the institutional investors pull out? Did COVID prevent the company from completing the demonstration plant and releasing the results? I could give numerous times where management has come up short. ENOUGH OF THE EXCUSES!!!
Right!!!! It’s very embarrassing and a testament to management’s incompetence. They really put on a show of competence and integrity when they do an interview or town hall, but the reality is different from the facade they created.
How do they expect to get the respect of Wall Street and institutional investors when they continue to have one missed deadline and misstep after another? I’m convinced that Mark, Jim and Scott are trying to get a deal to remake "Moe, Larry, and Curly" in a new Three Stooges movie.
Ah yeah, that’s nothing, you just wait into we get on NASDAQ!
Expected in Niocorp management definition means “Don’t expect it to happen at this expected time frame, but have a celebration if we do”
You’re saying that Dean Kehler and Michael Maselli were so out of touch with their investors that they had no idea that they would redeem their shares instead of investing in Niocorp? What do they get for their incompetence? They are both appointed to the Board of Directors in Niocorp!!!
Why would we, investors of Niocorp, want these two clowns on our board of directors when they were so disengaged and oblivious of their entire investor base to know how they felt about the merger?!?!?
I voted for it because management and people like yourself were proclaiming how wonderful this was going to be. I sure as hell would have NEVER voted for this garbage deal knowing we would not have gotten any funds from the deal and added two scoundrels to the board of directors!!! We have lost half of the SP since the “deal”. I can guarantee the deal would not have been voted YES by the majority of investors had we known the path management would take us on!
We have two chicken peddlers who are now on the board of directors over a failed SPAC deal. They walked away from El Pollo Loco being majority shareholders of Niocorp for bringing us NOTHING!!!!!
Here’s the whole story: WE GOT PLAYED!!!!!
The last thing the company needs are lawsuits. I don’t want to see that, but it’s likely forthcoming if something doesn’t change. The missed financial filings, failed SPAC that was sold to retail investors as the “deal” that would get us financed. Yet it netted the company zero financing, added two board of directors who know absolutely nothing about mining and now have more shares than any single investor. The SPAC deal alone along the shady dealings that resulted from that deal are enough for an investor to seek legal counsel.
AMEN!!!! I bet AO is going to throw a PR article on you now…..lol
You just wait, just wait until we get on NASDAQ. Then you’ll see, you’ll see…..