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it will be both available for live audience and on internet through streaming but both at a cost for the participants.
I am not organizing Safecapital is it but I will be attending and I asked for meeting Dean Kehler and he accepted to come over and answer our questions so I find that a big plus.
I will report on what I hear. objectively
Mark Smith and Dean Kehler will both be present at the Safecapital event in Ghent Belgium on May 27 where they will present and answer questions.
I consider that extremely positive that Dean Kehler will join Mark and give us the opportunity to meet him and ask questions given the outcome of the Spac. .
it is important to understand the crooks manipulating LWLG are not a homogeneous group. The manipulators are referred to as: 1) the A-Team – these are the broker dealers They have accounts with the DTC and can clear trades. They also have ownership positions in exchanges and Dark Pools. They do not need to borrow shares; They are allowed to naked shorting and nobody follows up whether they are covering. 2) The B-Team is hedge funds and regional brokers who don’t clear. They typically maintain accounts with the A-Teams and rely on the A-Team for borrowed shares when they are shorting. 3) The C -Team is individuals, who also rely on the A-Team but have no financial muscle aka cannon fodder
There may have been cooperation in the past, but the A-Team would throw the Bs/Cs under the bus on margin calls in a nanosecond
he never said that scooter. Show me one video where Mark told us that?
The EXIM letter of Interest is based on the FS that is now in place and thatFS will only improve with the addition of the rare earths and the new flowsheets that come out of L3 demotesting.
I was at a meeting in Ghent ( Belgium) where Arcelor Mittal has a lab that does worldclass research to scandium applications; They told us that they are waiting for scandium supply to start massively commercializing this research.
I have been there several times in Denver and visited also Elk Creek.
EXtract from a report which I write to my Belgian and Dutch friends on my startup investments ( computertranslated from Dutch)
NANALYSIS ( TU QUOQUE FILI MI)
This famous statement in history applies here as well. I did not expect that we also had to wait a bit longer for positive results at Nanalysis. Hence probably the increasingly lower share prices over the last few months.
Those who wondered how a company that only 2 years ago had a turnover of CAD 8 million per year and then suddenly won a government contract (CATSA) of CAD 160 million over the next 5 years (with a chance of extension) could be doing so poorly on the stock market at the moment were given the answer on Thursday evening's cc and Friday afternoon's cc as well. The CATSA contract was delayed and had also weighed on the other business segments . Recruiting and training over 100 people in a very short period of time turned out to be a little more intense than planned . CEO Sean admitted that he had underestimated the situation.
The positive news is that the contract is now up and running and the government is very pleased with the service Nanalysis is providing. At the moment, they have started in 39 of the 80 airports in Canada...The roll-in period is now mostly over and it is expected that revenues will increase each quarter as more airports are served. The roll-in period for each airport has also been greatly reduced by the experience gained.
Without the Catsa contract, Nanalysis probably would already have shown positive results this last quarter. However, the Catsa contract suddenly crossed their way and then a decison had tob e made do we do it or don't we do it?.
It had long been a goal to establish a major service arm in Nanalysis so this was the time . With the Catsca contract renewable after 5 years, Nanalysis is going to have a stable cash inflow in the coming years and they could notjust miss that opportunity.. Moreover, this contract is a catalyst for other service contracts with public companies in other countries.
The total direct walk-in cost for the Catsa contract was estimated at a CAD 3.8 million . I would have preferred those to be capitalized on the balance sheet and be amortized over the life of the Catsa contract but that appears to be against international accounting rules. Still, that would have seemed more logical to me.
Nanalysis also had to deal with staff turnover in the sales department this year when they wanted to change the compensation of salespeople where now salespeople are rewarded more based on their successes. Some former salespeople who didn’t accept that change left the company and that of course affected sales. This problem is now behind us.
Also the launch of the 100 MGHZ devices gave some run-in problems where the first shipments were recalled and repaired which meant a cost of 260K cad. This has also been resolved.
The reduction in the gross margin is a resultof a mix of all these start up - problems but also because some sales by Kprime of third-party products yield only a commission and not sales revenue. After the run-in period, that gross margin will go back toward 60+ percent.
In the second half of this year, Nanalysis should become clearly cash flow positive.
For this reason, the price target for Nanalysis in the Echelon report is not unreasonable. Nanalysis Scientific is undervalued, says Echelon - Cantech Letter
You made my day MS008.
We all have an agenda.
My agenda is to help this company being succesful .
and YES
With the present management.
I started investing in this company in 2011 when it was still a very risky project. Now that the risk is 1000 times less nobody is going to talk me out of this investment. My children and grandchildren will benefit tremendously .
the same Sam Walsh
I was not laughing about the man; I laughed about the article and the way they described the man.
Probably a hero for Rio Tinto , not in this article
but you see how easy it is to ridiculize somebody on internet
BTW you are doing that also with me but you do not realize;
I am defending your investment. I want you to become rich.
This Sam walsh? lol
Joe Aston
Sam Walsh AO congratulates himself
Joe Aston
Columnist
Nov 22, 2022 – 5.36pm
We return, inevitably, to the prodigious ego of former Rio Tinto chief executive Sam Walsh.
Last week, the Australian arm of Japanese conglomerate Mitsui & Co posted on its LinkedIn page about an award conferred on Walsh by the Japanese government.
Former Rio Tinto CEO Sam Walsh has been awarded Japan’s Gold Rays with Neck Ribbon award. Getty
Walsh joined the Mitsui & Co board of directors in 2017.
In the Order of the Rising Sun, Walsh has joined the ranks of Gold Rays with Neck Ribbon, the third of six tiers in Japan’s equivalent to the Order of Australia. And make no mistake, Walsh is perennially mindful of his 2010 appointment as an officer of the Order of Australia. The suffix “AO” is even included in his email address!
This foreign gong is worthy of celebration, of course, and Walsh has done so in his trademark style. Brimming with self-worth, the old dear has replied to almost every one of the 70 comments on the post.
Every flog on LinkedIn these days – where every second person is an award-winning keynote speaker, author, non-executive director and leadership coach – purports to be “humbled” by whichever low-rent honour is dubiously bestowed upon them.
Walsh doesn’t bother pretending. Humility is for the weak!
“Definitely a huge honour,” he assured one well-wisher.
“Yes, a major achievement,” he conceded to another.
“It’s a huge honour, believe me,” he told another commenter. “[It’s] one thing to have an Order of Australia. A totally different ballgame to have an honour from another country.” Who talks about themselves like this? Self-admiration positively radiates from the man!
Best of all was the succinct “Congratulations, Sam” offered by Greg Lilleyman, once Walsh’s subordinate at Rio Tinto Iron Ore and more recently COO of Fortescue Metals (he left in February 2021).
“Greg, many thanks,” Walsh responded. “This one will be hard for others to follow!”
Walsh’s self-awareness bypass will, indeed, be hard – nay, impossible! – for others to follow.
His social media musings could be compiled as a self-help booklet for the chronically diffident and given the same title as Jerry Maguire’s career-ending memo: “The Things We Think and Do Not Say.”
Readers might recall that Walsh dragged Lilleyman into the Juukan Gorge scandal in August 2020, claiming that “shortly after the section 18 approval was issued in 2013” Walsh had “issued instructions that [Juukan Gorge] was not to be mined”, and that when Walsh checked this recollection with Lilleyman in July 2020, Lilleyman had “confirmed he knew of my instructions not to mine the gorge”.
Walsh presumably lobbed this grenade into the raging Juukan controversy so the public could properly comprehend his rare benevolence and foresight (not qualities often attributed to his beastly successor Jean-Sébastien Jacques).
It exploded in his face when Lilleyman promptly denied that he’d confirmed any such thing; and that actually, when the section 18 approval was issued, Lilleyman no longer worked in Rio’s iron ore division.
It was a spectacular own goal, which only confirmed the sheer dynamism of Walsh’s egocentricity can subjugate his grasp of reality. And that, truly, is the hard act to
Joe Aston has helmed The Australian Financial Review's Rear Window column since 2012.
thank you
that means we only disagree on the management part
do you have proposals on the change?
so you are indeed of the opinion that Niocorp is a promising project with high potential?
I did and it does not tell me you will be there..
I hope you will be there and tell him
this report was made before the conference call but gives already some flavour
https://www.cantechletter.com/2023/04/nanalysis-scientific-is-undervalued-says-echelon-2/amp/
were you not the one comparing a shovel ready project like Niocorp with a phase 1 biotec company?
At times like this it is of course a lot easier to criticize than to defend.. We are now in the defense but we wil win in the end. Too many good things are bound to happen.
We lost a battle with the Spac but not the war.
So I want again to correct some of the false statements made on this MB by some posters
1) Mark did not sell one share. he remains our most committed shareholder to make this happen.
2) We were not giving away 90 percent of the shares with the R/S ; Giving away means we did not get anything in return. I understand the discussion by some that shares at 90 cents are more easily bought than shares at 9 dollars and that going from 90 cents to 10 dollars is easier than going from 9 dollar to 100 dollars but that is maybe so for retail investors but not for institutionals and once we are financed this is going to be much more a play for institutionals and less for retail shareholders.. Most institutionals are not buying at 90 cents.
I find therefore the recent financing by a Fund encouraging
The recent decrease in shareholdersprice we are experiencing now is of course the result of the negative outcome with the 95 percent of redemptions in the Spac . No way I can be positive about that and I hope to get some time in the future an explanation from the sponsors in the SPAC how they could not have foreseen that. If I were the CEO of the SPac I would have communicated with the 6 largest funds and would have known the outcome beforehand . Of course I do not know how much the banking crisis which started 3 days before the GXII voting and created chaos had an influence on the decision but I believe more in the explanation from Scooter that over the last year Spacs had lost their charm and 95 percent redemption was the standard redemption rate ( although we thought we were different).
I am only human and I apologize if I have hurt some feelings but I will continue to defend both the fantastic project and management team.
It is simply not easy to set up a mining project . Look at Niobay , Cleanteq , Scandium International , Excelsior . and where they are. We are shovel ready AND WE WILL BE FINANCED.
this MB becomes a race to the bottom.
I will make some more detailed report over the weekend after i will listen again to the cc.
The future potential remains intact.
Catsca deal will be very rewarding but was a roadblock for the short term performance
you are correct
he never had majority
that was the question.
he never was.
You made this statement
It does appear that Mark has sold close to 77% of his position. Hopefully people will weigh in on this development.
That is aboslutely wrong.. Do you agree or do you not agree
Scooter
this is absolute nonsense what you wrote; Mark has not sold one share
The S-3 filing simply registers shares. The filings are common and do not indicate sales or any intent to sell shares. Mark has never sold a single share of NioCorp. Neither has any member of management. Some people should not be investing in public equities.
When publicly traded companies issue shares to investors in private placements or via options, it is common to register those shares with the SEC. That is all it is what Niocorp has done many times to register shares for those who have invested in their private placements. The required language of S-3 filings can make it sound like people are preparing to sell their shares, but that is not the case. You (and others) should know this is if you understand investing in publicly traded companies in the U.S.
Check all previous filings and you find the same language
Mark did not sell one share.
Thank you Prudent Capitalist for the information
agreed
we will see more institutional investing
So Advocate , are you suggesting that it is not important to meet CEO's of startups in which you make an important investment. You do not want to know who they are;? I make it my point to do it for ALL the startups I am invested in.( 15). 4 of them will be in Ghent on 27 May and not in backrooms what you suggest. There will be 200 in the room and several hundreds on internet , but I prefer the live presentation .
I have always been a supporter of NioCorp and I am not going to hide that I still am very much so. I understand the frustration of investors who are under water. I have also stocks where that is the case.
; You do not have to prove to me that I was also a supporter of the Spac ; Iwas very much so as I was of the opinion that we needed that financing asap ? F.... the dilution that it would have caused; Those who think we will not have dilution when the next financing happens are dreaming. I am very pragmatic in my thinking. We need finance and we will have dilution and that is a lot better than having no finance and go bankrupt and hand over our project to others for nothing.. I think improvements in the economics will by far exceed the effects of dilution .
If you relate to the past and the long waiting ( and the broken promises) you probably forgot.
1) the waterproblem in 2015 and therefore the need for a solution avoiding EPA permitting.
2) the then new FS which took quite some time.
3) The coronacrisis whereby potential partners probably could not meet their promises?
4)The dificult environment for mining projects to be financed.
5) The recent bankcrisis 3 days before the GXII decision which caused some chaotic situation and possibly more redemptions for some GXII holders although I think Scooter is right when he thinks Spac were not a good solution as almost all of them redeemed in the last year. We thought we were different and we were wrong.
Under these circumstances I feel comfortable to see a CEO who does not give up and straightens his back.
The 2 million usd is not a desperate move but a necessary move with an investment by a reputable Fund. I want to see the new flowsheets asap and again this depends on L3 and the speed they can finalize it.
I think and hope we are now working for an additional equity investor and I think that is going to be easier with EXIM backing at the horizon.
I can see the enormous gap between the potential and the actual shareprice. I do not see that for many other stocks.
so F... the dilution and the beancounters that make a problem. Let's get this financed and make progess now asap; I want to see my red shovel being used..
so Advocate You are invited ..
For the germans , why do you not show up at the 27th of May in Ghent and have a man to man conversation ? This is your chance. You do not have to fly overseas which I have done 6 times and invited management to do presentations and have man to man presentations over here.
If you have invested money in this project it is well worth the effort.
I asked some time ago and we do not have to wait.
But I did not ask wheteher we already applied; Quite possible we did but I do not know.
I do not know whether we have applied or not but
We do not have to wait until the FS is done .We can apply now;
We do not have to wait until the FS is done .We can apply now;
Excelsior has 1 amazing mine that can be back on track very soon.
It has also a second smaller mine that is close to start mining as well, with low capex
and with a potential partner ( a subsidiary of Rio Tinto)
And if for some crazy reason well stimulation doesn’t work as planned, Excellsior will build an open pit .
yes indeed you can
I am not the organizer. Safecapital is.
Both Michael lebby and Mark Smith will give
a presentation on 27 May in Ghent so no need for us to go to Denver this year.
I suggest Europeans to come and join the presentations.
Do not bother about the Belgians Matt ; Many of them are still in a very profitable situation
I am curious what your wife will think when after 10 years you are quitting and next year she is finding out the shareprice is exploding.
Are you going to find another gem , wait for 10 years and quit again before it happens; Will you make the same mistake again ,, LWLG , NB what will be the next one?
Duke
1) I am still at a considerable profit on this investment Duke so no need to feel sorry for me
2) My time will come . Come back in a year and remember this message .
I bought a lot into the bottom and if well stimulation works this could be a very good buy.
sorry. should not post when driving lol