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Just as I predicted on Tuesday:
Stocks rout could end with democracy in China
http://finance.yahoo.com/news/stocks-rout-could-end-democracy-130245894.html#
Greek government offers sweeping proposal to creditors
http://finance.yahoo.com/news/greece-racing-finalize-reforms-remain-euro-082918618--finance.html
and some some good news:
China's week of stock market horror has a happy ending
http://fortune.com/2015/07/10/chinas-week-of-stock-market-horror-has-a-happy-ending/?xid=yahoo_fortune
If this were an election, Prudent Capitalist would be my candidate.
This all Greek (no pun intended) to me.
So, I found this website: http://www.investopedia.com/terms/r/rsi.asp
Hopefully, PC is correct and we are due for a positive correction.....
Landmark, excellent summary.
That's the same conclusion I came to earlier today.
Either, they are going to build a mine and were making lots of money or they can't get financing, don't build the mine and we don't make lots of money.
Looking at Mark's track record as CEO of Chevron Mining, Unocal Mining, Molycorp Mining and now Largo Mining, I find it hard to believe that this veteran CEO doesn't know how to move a mining project forward from start to finish.
He's got the take off agreement like you mentioned with Thyssen Krupp, the partners from Morgan Stanley and Credit Suisse, the dream team of serious experienced senior managers like his VP who he worked with at Molycorp. He's got a super veteran mining CEO in Joe Carabba on the board.
The list of positives and experienced personnel goes on and on.
The problem isn't NioCorp. They keep on schedule according to their goals. The problem as I see it is people on this board who don't have patience and project their own insecurities on to what they believe is driving the stock price this way or that way.
If we didn't have the China or Greece issue going on, we'd probably still be at .60 American.
That didn't happen because weak hands don't bother to take the time to educate themselves about who the great executive team at NioCorp is, what they have accomplished in such a short time and how they are staying on schedule.
If I thought we were investing in a company with a bunch of rookies, I would have been long gone.
I hang in there, and let me say I have a sizable position, because I think these guys can pull this off. That's what I'm banking on.
Niobium wasn't discovered at Elk Creek last year. This deposit has been known about since the 1960's. It just needed the right person who knows how to get things done to build a mine there.
Find me a better CEO to do it than Mark Smith. I doubt many people will come to mind. He's known about or been involved with this deposit for decades and is piecing this mine together day by day. If he could jump over steps to get there fast he would, some on this board might be happier but he can't and so everyone will have to wait.
All of this takes time. Once they get through the FS, I project the banks will follow suit with funding followed by actually building the mine.
We are all so lucky to be invested so early on in this project. If you have staying power, you'll probably make a lot of money.
At this stage it takes some faith to believe the mine will be built but I keep referring back to what NioCorp has accomplished and what NioCorp has scheduled to accomplish to calm my nerves.
If you haven't read NioCorp's "Corporate Presentation", you really should in my opinion. I think you will be convinced they have accomplished everything they set out to do in 2014 and are on schedule to accomplish all of their goals in 2015 and 2016.
http://www.niocorp.com/images/NioCorpPP.pdf
Other than communicating their accomplishments more to investors through press releases and maybe reaching out to more investors overseas and moving the stock exchange to the US, so far, they have not let my expectations down. If I change my mind, I'll let you know. For now I'm staying put! JMO
Here is an excerpt from their "Corporate Presentation":
Project Development Next Steps
Q1-Q2, 2015
•Complete hydrometallurgical mini-pilot
•Complete preliminary pyrometallurgical test and produce ferroniobium
•Initiate full flotation pilot
•Initiate full hydrometallurgical pilot
•Issue formal PEA report
Q1-Q2, 2015
•Complete pilot plants
•Complete feasibility level plant design
•Complete feasibility study
Q3 2015 - Q1 2016
•Complete financing for project
•Start construction of mine / processing facility
Landmark posed a question and made some suggestions. I don't understand why that would be upsetting to some people.
It was not misleading. Just his opinion.
People need to relax, especially now because our stock has taken a hit.
The SP will be rebound in due time. Everyone needs to relax and and take a deep breath.
I read all these posts and research the news and know about Chinese investment in other niobium mines in the Western Hemisphere.
My family hails from Nebraska. I have visited Nebraska for 5 decades over 50 times, have visited Elk Creek and know full well the majority population is conservative
I am not suggesting a buy out or take over. Only expanding the pool of investors beyond North America and Europe. It's worked for R.E., why not raw materials.
If you want to see this stock rise until the FS is released and the big banks jump in, NioCorp should explore all options to expand the investor base. IMO
I'm in real estate sales. Our billion dollar company is heavily vested in Chinese investment in our local R.E. sales market and has a tight relationship with the Chinese real estate community and their investors overseas.
Our top brass, I can assure you, does not know Mandarin nor any of the mid level managers.
There is a process to tap in to the investing community in China. That is NioCorp's challenge and opportunity as it was our companies.
Compliments to Prop Joes idea, if even meant to be funny. Our company could not ignore that China is holding large sums of the world's investment wealth, nor should we, for our own benefit.
Your idea of promoting NioCorp to the Chinese is actually a really good idea.
PJ, If you or someone has a chance, I highly recommend contacting MS or investor relations.
If you don't contact them, I will. Just let me know what you want to do.
From what I have heard, other than a psychological impact, their stock market is very insular and not all that connected to the rest of the world's stock markets.
China doesn't really buy much from America, so if individuals lose money in their stock market, I can't see it having much impact on our stock market. The greater impact I think will be the general population losing faith in the autocracy because they have propped up worthless stocks.
I am more concerned if they stop investing in our real estate which I don't think they will, as those folks are more educated and have lots of cash. Their investments in our R.E. has helped our economy and real estate market recover.
Then there is their government who own a lot of our bond debt because they know that America won't default so easily to pay them back like smaller countries such as Greece. That won't change.
Because China is so insular, most of their stock market pain will be felt internally IMO.
I think Greece's threat to leave the Euro zone is a bluff to get a better deal on repayment. At the end of the day, both sides will strike a compromise for Greece to pay back their debt, get financial assistance and employ some level of austerity.
Our stock market will bounce back by Friday or Monday after all the Greece crisis blows over.
JMO
If I had the funds, I would be buying. My last purchase was 10K at .64 several weeks ago.
Right now is a great buying opportunity on the dip.
and China. Good time for me to reflect on Warren Buffet for advice:
"Since the basic game is so favorable, Charlie (Berkshire vice chairman Charlie Munger) and I believe it's a terrible mistake to try to dance in and out of it based upon the turn of tarot cards, the predictions of "experts," or the ebb and flow of business activity. The risks of being out of the game are huge compared to the risks of being in it."
"Be fearful when others are greedy, and be greedy when others are fearful."
In a few days or less, the Greek crisis will likely be resolved and we'll be back to normal.
JMO
Good reminder of what's already in place.
My conclusion: It's all about the feasibility report before we see significant gains.
Thx LM
And the last purchase of 2.5 million shares by Mark was on June 4th.
http://finance.yahoo.com/news/mark-smith-increases-stake-niocorp-123000731.html
A reasonable assessment Landmark. Was just curious if Mark's recent purchase was in anticipation of an event coming soon or a long term play.
Recently, Mark Smith bought 2.5 million shares of NB and loaned 2.5 million dollars to NioCorp to finish the feasibility study.
I just returned after 3 weeks. The rain stopped pouring in Eastern NE after 1 week.
All of this sounds positive.
Not sure how long it takes to complete hydrologic tests.
Any intelligence out there on that or other news coming?
I have Fidelity. Anyone can get a quote off of their homepage site but I've been told that I need to log on to get a real time quote.
I don't necessarily disagree with you murocman. I don't have enough facts to know if that would be a good thing or a bad thing for the stock. Time will tell if it ever happens.
I trust that Mark is smart enough to do only what is in the best interest of NB and it's shareholders especially considering that he holds a majority position in the stock.
You might be right Gary. I have always predicted from day 1 that they would merge. If they don't my prediction was wrong. I just can't see why Mark would waste his valuable time on Largo unless it was part of the master plan for NB.
If they merge, it will be interesting to see if BDO was involved. They appear to have presence in Brazil and many cities globally. They also have a lot of offices in the US but don't have a Denver location.
Here are the services that BDO covers:
Assurance
Accounting Advisory Services
Board Governance
Employee Benefit Plan Audits
Financial Reporting
Information Systems Assurance
Public Company Services
Revenue Recognition
Service Organization Control Attestation
Business & Financial Advisory
Executive & HR Services
Outsourced Financial Services
Risk Advisory
Transaction Advisory
Consulting
Business Strategy & Transformation
Corporate Finance & M&A Advisory
Corporate Real Estate
Forensic Accounting & Investigations
Forensic Insurance & Recovery
Forensic Technology Services
Global Risk & Investigations
Investigative Due Diligence
Litigation, Arbitration & Dispute Advisory
Monitorships & Independent Examinations
Restructuring & Turnaround Services
Technology Advisory
Valuation & Business Analytics
Tax
Cost Segregation
Federal Tax Matters
Global Employer Services
Income Tax Accounting
International Tax Services
Nonprofit Tax Services
Private Client Services
Research and Development Tax Credit
State & Local Tax
Tax Process Transformation Services
Tax Transaction Advisory Services
Transfer Pricing
LOCATIONS
Americas
Anguilla
Argentina
Aruba
Bahamas
Barbados
Bolivia
Botswana
Brazil
British Virgin Islands
Canada
Cayman Islands
Chile
Colombia
Costa Rica
Curacao
Dominican Republic
Ecuador
El Salvador
Guatemala
Jamaica
Mexico
Montserrat
Panama
Paraguay
Peru
Puerto Rico
St. Kitts & Nevis
St. Lucia
St. Maarten
St. Vincent & The Grenadines
Suriname
Trinidad & Tobago
United States
Uruguay
US Virgin Islands
Venezuela
EMEA
Albania
Algeria
Angola
Armenia
Austria
Azerbaijan
Bahrain
Belarus
Belgium
Botswana
Bulgaria
Burundi
Cape Verde
Comoros
Croatia
Cyprus
Czech Republic
Denmark & Faroe Islands
Egypt
Estonia
Ethiopia
Finland
France
French Guiana
Georgia
Germany
Gibraltar
Greece
Greenland
Guernsey
Hungary
Iceland
Ireland
Isle of Man
Israel
Italy
Jersey
Jordan
Kazakhstan
Kenya
Kosovo
Kuwait
Kyrgystan
Latvia
Lebanon
Liechtenstein
Lithuania
Luxembourg
Macedonia
Madagascar
Malawi
Malta
Mauritius
Moldova
Mongolia
Montenegro
Morocco
Mozambique
Namibia
Netherlands
Nigeria
Norway
Oman
Poland
Portugal
Qatar
Republic of Srpska (Bosnia and Herzegovina)
Reunion Island and Mayotte
Romania
Russia
Rwanda
San Marino
Saudi Arabia
Serbia
Seychelles
Sierra Leone
Slovak Republic
Slovenia
South Africa
Spain
Sweden
Switzerland
Tajikistan
Tanzania
Tunisia
Turkey
Turkmenistan
Uganda
Ukraine
United Arab Emirates
United Kingdom
Zambia
Zimbabwe
Asia Pacific
Afghanistan
Australia
Bangladesh
Brunei Darussalam
Cambodia
China
Fiji
French Polynesia
Hong Kong & Macao
India
Indonesia
Japan
Korea
Laos
Malaysia
Myanmar
New Zealand
Papua New Guinea
Philippines
Singapore
Sri Lanka & Maldives
Taiwan
Thailand
Vietnam
Thx LI. I am curious what the markets reaction would be to the merger if it happened.
in the Not sure if this is what Vision Trader is seeing but sooner or later, they are bound to merge Largo and NB. For Mark to take both CEO roles without merging makes no sense.
Btw, stopped in and chatted with the VP in Centennial. No new news. Vey informal. Nice chat.
I've been in Omaha now for 2 weeks visiting relatives and thinking of driving down to Elk Creek for my 2nd visit in the last 12 months before I head home.
It's stopped raining for about 1 week now. Maybe VT is predicting hydrology results?
Good suggestion Bernice....
I hope she doesn't read this message board. We need Tracy on our side.
He did the same thing leading up to the share holders conference call. Largely nothing based on fact and bordering on bashing.
Agreed Thrice
I've looked at your other posts. There seems to be a strain of sensationalism in many of them.
According to you, Thyssen Krupp, Morgan Stanley and Credit Suisse must also be part of your theory. If you can't elaborate on specifics, you have no credibility. Anyone can say anything but that doesn't make it true unless they can provide facts.
And yes, whether you bought Nio stock or intend to buy Nio stock is relevant as it may give context to the motivation of your initial post.
Nobody drops in to a message board for the first time with sensationalist remarks and can be expected to be taken seriously without facts.
As a curiosity, have you bought or intend to buy NioCorp stock?
I suggest you go to the source which is the company itself for best answers. If you do, please share.
TSX is up 2.63% and the pink sheets down 2.97%. Another reason why we need to centralize to one exchange.
My guess is Mark has this one on his wish list and like the consolidation to the US, I predict the stock will move to a US exchange.
Patience. This is an investment. Stay positive.
PS: Good time to explore more Roth while SP is down or buy more shares.
NioCorp is moving out of Canada and in to the U.S.
Centennial, Colorado. New home of NioCorp.
From Wikipedia, the free encyclopedia
The City of Centennial is a Home Rule Municipality located in Arapahoe County, Colorado, United States. The city population was 100,377 at the 2010 United States Census. Centennial is a part of the Denver-Aurora-Lakewood, CO Metropolitan Statistical Area. Centennial is the tenth-most populous municipality in the state of Colorado and its 2001 incorporation was the largest in U.S. history. Centennial is ranked as the 15th safest[7] city in the country.
The City of Centennial was formed February 7, 2001, from portions of unincorporated Arapahoe County, including the former Castlewood and Southglenn census-designated places (CDPs). The citizens of the area had voted to incorporate on September 12, 2000, choosing Centennial as the official name during the vote. The name reflects Colorado’s admission to the Union as the 38th state in 1876, the centennial year of the United States Declaration of Independence.[8] The state of Colorado is nicknamed the "Centennial State".[8]
Incorporation was approved by 77% of the voters, and the population of the area at over 100,000 made it the largest incorporation in U.S. history as of its creation. The city was incorporated in large part to prevent further annexations of unincorporated areas by the city of Greenwood Village in an attempt to improve its tax base. The taxes generated from businesses in unincorporated portions of Arapahoe County funded the majority of the county's services, including road work. A number of court cases eventually established the right of incorporation to take precedence over the right of annexation.
The city was incorporated on a promise to keep city taxes at 1%. (One of the campaigns against incorporation had appealed to voters to maintain the 3.8% sales tax of the unincorporated county.) According to the City of Centennial website, the current sales tax rate is two and a half times the promised rate, at 2.5%.
Since the city is relatively new, many people in the Denver-Aurora metropolitan area do not recognize the area by the name “Centennial”, especially since neighboring Aurora, Englewood and Littleton are assigned by the United States Postal Service as the “default” place names for the ZIP codes serving Centennial. Thus, mailing addresses in which “Aurora”, “Englewood” or “Littleton” appear may actually be in Centennial. This causes considerable confusion, as Centennial and Englewood do not even share a boundary, while some portions of Centennial are surrounded by Aurora and vice versa.
The city recently held a home rule charter convention where a new charter was adopted. The new charter was approved by voters on June 10, 2008, by a ratio of 2-to-1.[9]
Centennial Airport, formerly Arapahoe County Airport, lies adjacent to Centennial, but is located in unincorporated Arapahoe County. The airport is not named after the city, as it predates the city by over 30 years.
Employers in Centennial
1 OppenheimerFunds
2 Comcast
3 United Launch Alliance
4 US Foods
5 Jones International University
6 United HealthCare
7 South Metro Fire Rescue
8 Saunders Construction
9 U.S. Security Associates
10 National CineMedia
There were too many cooks in the kitchen IMO.
Prop Joe, that was nice of you to reach out to Peter on the last day of his departure...
The more I think about it, I am realizing we are off to the races with Mark in full control and with a corp. location closer to the mine and in the US.
I love Canada but I think the "Big Money" is in the lower 48 and because Mark and the mine are here, the Corp HQ should also be here if you want to grow the company to it's full potential!
Attracting large investors like Morgan Stanley and Credit Suisse and investors of all types has just become that much easier...
Been so busy, just read these posts for the first time re management changes and relocation.
NioCorp moving to Denver is huge! Having corp in a Denver which along with San Francisco has one of the best economies in the US, being so much closer to Elk Creek and centralizing control between Joe and Mark is one of the smartest moves and one I would never have calculated. This stock is poised to roar with this combo when everything is in place: management, location, FS.
Kudos to Mark for making this happen I'm sure with the support of Peter.
RE: Peter. I have spoken with him many times. I have always found him decent, honest and transparent. Sad to see him go. He is very talented and has been involved in staring many companies from what I know. He will probably move on and start another co and I hope his shares in NIOBF reward him for all the hard work he has put in to this company.
I know he cares about the investors and he deserves a lot of recognition for having the foresight to finally explore and bring to reality a valuable resource that has been known about since the 1960's but had not ever been developed for whatever reasons.
I wish him all the best! If your reading this, thank you for all your contributions Peter!!! Without your vision, we wouldn't have a NioCorp to talk about or invest in.......
Be careful what you think about lest it become a self fulfilling prophecy. I see no reason to believe the stock will hot all time 52 week lows. There is far more support from investors across Canada and the US and abroad in Europe than the few who frequent this board.
The quick money roller coaster day traders are gone for now. They will be back in the fall when the FS is reported. If they try to dump after the FS, they may have a hard time getting back in. While the stock is low now, my strategy is to move the stock from an IRA to a Roth (for Americans). I am still learning new even greater things about Roth. Best to consult with an expert before doing anything. Better yet, go online and study or buy a book. The consultants at my brokerage at the customer service level know nothing about Roth. That will help save on future taxes for when this stock takes off as I predict it will after the FS is published and the big banks come rolling in. JMO
NB up 3.75% on the TSX
So great to see so many European investors on this message board and investing in NioCorp.
To those investors, curious to know: Is this the website for the Frankfurt Stock Exchange?
http://www.boerse-frankfurt.de/en/equities/niocorp+developments+ltd+ag+CA6544841043
NIOBF up 3.04% at close on Friday
Check out Niocorp's website for 1st Quarter 2015 Update. Click the corporate presentation tab on the main page of www.niocorp.com where you'll find great material re: the Niocorp Management Team, Board of Directors and a schedule of what Niocorp is working on for each quarter of 2015.
While we have all been obsessing about the merits of our stock, this company has been obsessing about completing a FS, attracting large institutional investors, constructing the mine, creating a company that employs hundreds of workers and selling billions of product.
I especially like the page which displays all of Niocorps Team Members including: Morgan Stanley, Credit Suisse, Thyssen Krupp, SRK Consulting and numerous others. I seriously doubt they would be authorized to use their logos if they weren't in partnership.
I think we need to stop for a moment to recognize NioCorp for all its hard work to date and the great planning in store for the company in 2015.
A really important and great read!
http://www.niocorp.com/images/NioCorpPP.pdf
JMO, but I think good things are in store for us! Patience is the key.......
But your not adding anything relevant to the discussion. Your just being negative. Take your profits and go enjoy yourself. Stop trying to bring people down.