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Thanks Chico! appreciate the excellent DD summary and analysis. Our day looks to be coming soon, waiting patiently with the rest.
NCT
Thanks Chico- for that comparison. Very interesting comparison.
Out of curiosity, when do you think the timeline would be for Imperial to get financing? it appears they are a few years out from being in the position that NIO is currently in, i.e., 'Pending Financing'
Yaddda............
ZZZZZZZzzzzzzzzzzzzzzzzzzzzzz
NCT
The natives are getting restless....
they deserve an update......
they have waited with 'saint like patience' - while tieing up their hard earned money into an investment....
they have done their part and given leadership all of the benefit of the doubt that can be reasonably expected.....
It is time for an update.... waiting 3 months (from the initial expected demo testing start date) - and still no demo plant testing start confirmation... YES, that deserves an explanation.....
I have a note into NIO PR to inquire.... my last 2 inquiries have not drawn a response... Hope springs eternal....
LET's GO NIO!!!!
NCT
Chico & Nebraskan- appreciate the input and i believe youre timeline is probably right on..... would just love to get a bit more status from the company on milestones that are important.....
Yaddddddddda-
NCT
'dog days of summer are in full force' ..................
'hurry up and wait' ..............................
'good things come to those that wait, and wait, and wait.....'....................
'haste makes waste' .............................
'furnaces can be very difficult to procure' ..................................
'Don't put the Tesla on order just yet' ......................
'Sleepy Joe seems to be on board with REE criticality...............
Blah blah blah.......
ZZZZZZZZZZZZZZZZZZzzzzzzzzzzzzzzzzzzzzz
Jim obviously does not want to answer that question re the commencement of the demo plant testing...
I have sent him a couple emails in the last few weeks, no response. Others have tried to no avail..... It appears that the start of demo testing is not 'material news'.... hmmm sure sounds very 'material' to me and many others who are waiting with baited breath for the start of the demo testing.....
NCT
GE- good find!
Another report- throw it on the pile
LM- I am in your camp..... I want to be optimistic about the financing within the next 4-6 weeks based on the following logic.....
The only thing we are waiting for at this point is the L3 demo testing, which was supposed to have started in April (see my response from Jim Sims on 4/12 where he says they are just waiting on some equipment to start the testing but went on to say that was not holding testing up.....we have since learned that the equipment delay is delaying the demo testing.
Even with the delay (in demo testing by L3) introduced with the furnace, that we heard about only after pumping for updates.... it has been almost 3 months now, and the PR a few days ago indicated that testing is supposed to be starting soon.....
The L3/Quebec Demo' testing should last 2 weeks- per earlier guidance. After this 2 week testing, the FS needs to be updated, which should not be a major undertaking since this testing is 'confirmatory' and NIO has many of the values plugged in already. So, i do not think it unreasonable to be looking at the beginning and completion of Demo testing AND FS update within a month to 6 weeks.....
If not, we could sure use a status/update from management because the above timeline (actually a much more optimistic timeline, that did not include a 3 month delay on furnace equipment) was provided by Jim back in April....
I would like to think we can track the projected milestones based on NIO mgmt's own responses and not keep pushing the message board speculation timeline back by months or quarters.......
SOOOOOOO...... I am very hopeful and looking forward to big news within 4-6 weeks at most.... this is what we have been led to believe based on the testing schedule. If the CE + REE story is as good as we think, which will be proven out by the testing and subsequent FS update...... Then there should be no excuse for not procuring financing immediately after FS update. Note**** The potential financer(s) have already been plugging and modeling the numbers along with NIO (per Jim Sim's 4/12 response); they (financiers) already know the differential mineral quantities, Revenue differentials, Capex, process improvements, etc... again, since the demo' testing is 'confirmatory'............... Thus, the financing should CLOSELY FOLLOW the FS update!!
If this is not a realistic expectation then i am hopeful we receive an update from managment, because this is what we have been led to believe with the latest NR's and individual investor's responses from Jim S. (like my 4/12/22 response from Jim S.)
Good Luck to all Investors.....
NCT
I heard that all management vacations were cancelled until financing is secured!
Chico- yes that oven/roaster should work perfectly!! We can position a keg on either side (one keg for demo testing, the other keg for hydration and testing team moral/retention :) ..
I can even throw in a couple white buckets, i have many sitting around for storing baseballs from my coaching days....
What else is needed?
We need to get the testing underway ASAP..... not sure how we lost almost 3 months of testing waiting on a roaster/oven/furnace/thangy......
LET's DO THIS!!!
Roast 'em and toast 'em........
Gittter- DUNNNN!!
NCT
oui......It's French and it says:
"We need a roaster to start the demo testing, anyone have a roaster handy? "
Roasters and furnaces and Kegs..... Oh my....
Supply interruptions.....
A-B-C-D-E finance partners.... pick a card any card......
Next week..... no next month......... no next quarter..... oh you know "The Thing"
No comment.....
ZZZZZZZZZZZZZZZzzzzzzzzzzzzzzzzzzzz
NCT
I hear ya 'just the facts LM' :) hopefully the upcoming news will be the catalyst that we've all been waiting for! that will finally move this SP....
BOOOOM!!!
Like a big black cat firecracker.... it POPS the SP.....
Ready....
ND NCT
Thanks LM- we have seen this, but good reminder....
BRING ON THE REE Report card and detail on the process workflow streamlining, separation, revenue revisions, yadda yadda....
And then right on the heels of that report and FS update- we need to see financing ASAP!!
Happy 4th to all LONGS!!
NCT
watching Giants melting down in the NL West.... Comon!!!!!!
HA! Hopefully they are hunting some wabbits..... Jim S did say that L3 was working 3 shifts per day, so can't help but think they are cranking out some production in Quebec !
That of course is assuming they have been able to successfully get the
Roasters, furnaces and kegs on site by now! who knew that Brandon's supply line quagmire extended to items like these!! ..... It's taken 4-5 months to get this stuff on site in Quebec to start demo testing.... All they had to do is ask me, they coulda borrowed my roaster, furnace, crock pot, bunsen burners and multiple kegs.....
Anything for the CAUSE!! A REAL TEAM PLAYA
And the beat goes on...... and on...... and on....................
Yaddda,
NCT
That all depends on what your definition of 'IS' is...... :) (slick 'Willy Clinton reference-during Monica Lewinsky deposition)...
Yadda-
NCT
Zzzzzzzzzzzzzzz
I have to say that I'm not a big fan of ganging up on and groupthink shaming posters on this board that we don't agree with! I have been on the other end of the 'praetorian guard' like tactics to silence dissenting posters. In fact some of my posts were deleted by moderators that were close to the offended reader(s). hmmmmm..... not a good look..... for a very open discussion board like this one..
We have enough of the silencing and misrepresentation of dissenters in the country currently, do we really want a MB like that? Elon Musk doesn't think so, i don't either....... I am advocating for a respectful, civil discourse on the MB, respecting posters- even if it does not always match your opinion...
As such, I happen to agree with some of the things gwm mentioned, (not everything of course)......for instance, he mentions mgmt. not being transparent about the delays (waiting for hardware) for the demo testing.... When i asked Jim S. in April (April 12th to be exact) he said there was a hardware on site delay but it wasn't holding testing back..... then, fast forward 2 1/2 months and we are just now hearing about hardware delays (furnace) preventing scheduled testing...... That is not acceptable to keep investors in the dark for months- with respect to a critical scheduled task that is a prereq. for moving the project to the next level (financing)..
I have been a bit critical of management here on the board, however i have consistently been very complimentary of them as well. Nobody is perfect, and our team has a great deal of experience and background, I have heard others on this board say they are scratching their head at why this stock is trading so low while positive news doesn't have a corresponding impact on share price, my take on that is as follows: (and again this is MY HUMBLE OPINION)
The investor community was reluctant about financing NIO based on the 2019 FS, I truly believe they were spooked by the bankruptcy happenings at Molycorp in 2015, articles were written, some of the authors (perhaps with an axe to grind)- accused MP mgmt. of bad financial decisions.... The video that was circulated the other day detailed how the current CEO of MP (Litinsky) took it out of BK and resurrected MP and is flourishing now..... not sure if the investment community is holding that against our mgmt.? even though in fairness, there were very tough circumstances for a company to operate in at that time in history........ I do not know if that is fair but it may be why it has been a bewildering set of circumstances responsible for NOT BEING FINANCED TO DATE.
Conversely, from everything i have read, the combination of price fixing, dumping and market manipulation by CCP were the main drivers of MP (and many other mining companies) demise, driving US domestic suppliers out of business. That misconception (financial mistakes) along with the speculation on the optimistic projected Scandium pricing, was not enough to entice the financial institutions to pony up almost a $Billion dollars........ Again, i am not in agreement with that viewpoint, but i am not the Bank...
Do i believe this newest FS update, quantifying the REE volume and accreditive contribution to revenue will be enough to 'move the needle' and get us 'over the goal line' ???(please forgive all the cheezy metaphors :) :D ).......
Yes, i absolutely do!! That is why i am still here..... The numbers will be significantly better and with ESG boxes checked and all of the other boxes having to do with responsible mining checked- I think we should be able to execute on financing post haste; if not, there is more at play here than meets the eye.... and i don't even want to go down that path or entertain that thought until the unlikely event that it becomes a possiblity.
However, a strong argument can be made that with the delay since the initial FS (2019 FS) , we than had to deal with the Covid shutdowns and now we are entering a recession (according to most economists- NOT affiliated witht the current administration :) ... and with the looming recession, the additional REE revenue MAY/WILL be offset by a.) higher financing rates and b.) a less enthusiastic response by the large investor/institutional investor community- because of the economic malaise..... thereby holding down and/or adversely affecting the share price appreciation upon financing news..... I certainly hope that does NOT happen! I am hoping for the best for all LONGS here, while keeping both eyes open and keeping it real!!
Best to ALL !!!
NCT / aka Always Realistic
Antler- you are truly a team player sir! better chock stock that cooler brimming full after this long wait!!
Hopefully this happens soon.....
Tick tock tick tock tick frickin' tock....
NCT
I just heard there is a 6 month waiting period on flat head screw drivers , and only a 4 month waiting period supply line disruption on phillips drivers.....
Always a silver lining in any otherwise cloudy situation.....
Yadda-
NCT
I'll be there with ya GE! I have a nice little shovel picked out already... this special shovel can pierce Rare Elements / CE's and doubles as my doggy pooper scooper!
We can dig and take pictures of all the patient and committed shareholders pitching in....... we'll send the pics to the potential bean counter/ financiers- to show them just how advanced and far along the project actually is!! and how we are creatively controlling mine building capex costs........ it may light a fire under their financing butts...
HA
Yadda-
NCT
Good Catch AO! indeed those are important roaster features, especially the self-cleaning piece... in thinking further thru this , I may send a crock pot over as well.... i can see potential utility in separating and processing REE's in a crockpot at 300* degrees for 4 hours- stirring occasionally.....
Whatever it takes!!
'Applying innovative solutions to overcome supply line issues'
Let's Gittt-er DUNNNNNNNNN !!!!!
WHILE WE'RE YOUNG!!!
NCT
Yes Crit- very important to have the right parts, including screws :) hehe
I must confess i feel very remiss!!
I have a couple ' Furnace/ Roasters' here at home that i could have sent NIO/L3 back 5 months ago for their Demo scale testing..... they work fine for chickens and would probably work fine for REE testing, heck ........ that may have helped logistically to avoid this ' Furnace/Roaster supply line crisis' that we find ourselves in today!!
In fact, additionaly, i could have provided the keg pictured in the infrastructure diagram as well. Heck..... I could have even provided a 2nd keg (maybe an IPA??) to keep everyone on the job/testing site hydrated and maintaining high morale.
And how about bunsen burners.. are we all set on those?? cuz i can go back to my HS chemistry teacher and see if i can poach a few of them.....
Darn it......what was i thinking....... i could have possibly saved the project 3-5 months!! I will take blame for this oversight....... My motto is Anything i can do for the cause!!
Now let's get furnaces on site ALREADY and get ROASTING!!!! Geeeezusssss
The REE shortage crisis is not getting any better while we back order roasters, if US does not get a strategic REE/CE supply line in place very soon, we are all going to be ROASTING under the CCP's REE leveraged export manipulation!!
Chugga Chugga Chugga Chugga Chugga Chugga Chugga Chugga Chugga Chugga Chugga Chugga Chugga Chugga Chugga Chugga Chugga Chugga
The little mine project that Could, or Should or Would......
NCT
Googling small furnace and roasters here in Silicon Valley, while wearing my '2022 Golden State Warriors Championship T Shirt' proudly!!!!
gwm61- my bad, you are correct, the hardware (furnaces) are not in place yet, it may be close to being on site but is not in place yet. This suprised me when i heard Jim's response because i asked the same question back on April 12th ( 2 and a half months ago, and Jim said they were waiting for hardware on site, but at that point it was not holding anything up........
I am not understanding why the setup (procuring equipment/hardware and shipping it onsite for L3 testing) has taken 3-5 months?? They would have definitely know what they needed for testing as far back as Q4 last year, and now they are unable to test until they receive the remainder of the hardware on site.......
So, back to your original statement gwm61- yes i agree, 4th of July or soon thereafter is not a reasonable estimate for Demo testing completion......
Waiting with others,
NCT
Growth-
I do send them emails, sometimes i get responses.......... many times i don't.....
Yes, Hopefully they were wrapping up financing, that would be nice.... real nice, everyone deserves it, people have been super-humanly patient!
I see some message boards where people tee off on management, that is not the case here.....people realize that nobody on the board really knows much more about what is going on than anyone else....... Chico is the exception, he has provided lots of due diligence and helped both new and tenured MB shareholders determine this company's value and future!
Nobody should be buying or selling this stock based on MB comments, it is dictated by company performance...... I am happy that people voice their opinions..... without everybody being in groupthink lockstep.... if that was the case (everyone being in lockstep/grooupthink) i would sell my position immediately.
Hopefully we can get the demo testing knocked out in a couple of weeks now that we finally have the hardware, i.e. furnace, the keg, etc......
Would make for a nice post 4th of JULY Celebration......
BOOOOOOM !!!!
Yadda...
NCT
GrowthMindset-
Thank you for sharing that information!!
That is my point exactly!! We did not all have access to that information..... we all need access to that information. You, like me, took the initiative, after waiting much too long, to inquire about the status of the demo testing......
Why, pray tell, did the NIO team not provide that as an update , seems important to me and probably many others who have been waiting a LONG TIME for project phase completions!
Thanks again for sharing GrowthMindset!
NCT
That is incredible!!! we were led to believe that testing was underway, then we were told back in April that even tho the equipment had not arrived on site that it was NOT slowing anything down.......
Now, we are being told 2 1/2 months later that we are waiting on equipment to GET STARTED WITH THE DEMONSTRATION TESTING!!!! WTH !!!
THIS LEVEL OF MISCOMMUNICATION AND POOR COMMUNICATION TO SHAREHOLDERS IS SIMPLY UNACCEPTABLE!!
we are being fed table scraps and crumbs.... i do not feel like there is anywhere close to the level of transparency needed ....
This is my opinion..... you are entitled to yours as well...
NCT
SpecialK-
I went back and referenced my question and response from Jim Sims on April 12, 2022- relative to the financing being dependent on the testing and updated FS study.... The following exchange should hold the answer to that question:
Question/Response from Jim Sims on 4/12/22:
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.
R] 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.
Conclusion: Since our Niocorp team has extensive experience, and as Jim mentions above, this testing is confirmatory, as they are already using the revised numbers in their estimations and modeling with financier(s), the Financing should be going full steam ahead in the background - with the ability to complete that effort WITHOUT COMPLETION OF DEMONSTRATION TESTING AND UPDATED FEASABILITY STUDY.
Now, similar to many statements that are made, there are a number of interpretations and parsing opportunities here, but in this case, relative to this matter, it seems to be fairly clear that they could move to finance phase at any point now, without waiting for equipment to arrive on site for demonstration testing ( Does anyone know if that equipment has in fact arrived on site yet??) ...........
Yes, I absolutely do feel that shift as well. It is very frustrating to attempt to keep track of the process that seems to have more stages now than it did when it was laid out and explained by Jim back in April......
The FS update before the next FS update which is triggered by the REE Report which is contingent upon the bench testing and then the subsequent demonstration testing....... all crystal clear right???
Got all that!!!????
Sheeeeeez......
I don't think it is a question of shareholders being loyal and patient, this has everything to do with crisp communication about status.... or lack thereof.....
NCT
Nice summary of Niocorp achievements AO!!
How long is this PP /bridge designed to last us? trying to determine the current monthly burn rate.....
Yadda,
Blah Blah......
dog days of summer are here.....
Congratulations Warriors!!
NCT
moderately hung over...
Thanks AO- yes, the demand for critical elements looks exponential for the forseeable future, we are in a good sector, not recession proof, but should fare much better than other sectors.
We will know very soon where we stand......
Yada...
NCT
Basking in the glow of the Warrior's Championship!! WOOOOOOOOOOOO HOOOOOOOOOOOOOOOOOOOOO
Thanks CritM3 for that feedback! Sounds very logical...... This may be another positive aspect to come out of the upcoming FS which i would expect (based on the 45 day interval) to be published within the next 15 days or so......
Go NIO!
NCT
CritM3- I am wondering if that alternate niobium extraction method was included in the last FS? or is it being proven out in this upcoming FS update?
NCT
I heard an Anal-yst on CNBC saying that he was waiting for BTC (Bitcoin) to drop between 12,000- 18,000 to buy back in.......
Holy smokes..... there are going to be some bargain basement deals as a result of the current administration's mismanagement of the economy (refusal to produce domestic energy) and we are all going to pay a huge price.....
Now, all we have to do is hope that our financing comes along to push our SP higher so that we can take advantage of the 'Brandon Fire Sale' on great US Equities....
Comon' NIO...... YOU CAN DO THIS!!! just like 'Thomas The Train' and The Little Engine that Could!!
Chugga Chugga Chugga Chugga Chugga..
Yaddda......
NCT
Thanks PM for the industry analysis links.
Thanks Chico! more supporting documents and refresher docs, interesting how Canada (gubmint) is throwing a few $B down even before their critical assesment studies (yes, even more studies to confirm the other studies) :) They understand the criticality, perhaps they can spread some of that enlightenment to our leaders.... althnough things seem to be coming around........
Just wondering what the looming economic downturn (almost a certainty now looking at the recent .75 basis move from fed, and predictions of many more to come......
I know it is almost impossible to factor/predict but i wonder what this will do to our share price when the financing is finally announced?? No stocks will be recession proof, or contrarian, but i can't help but think that the critical element/REE stocks might be a bit insulated and perform because of the unique criticality of these 'gems?
hmmmmmm.....
Anyone have any thoughts on this....... I welcome all input, good or bad, nothing filtered here, unlike the social platforms :(
Yada....
NCT
'Let's go Warriors'......
Whoa...... good catch GE and just saw NIO in that line up..........Thanks!
just threw that on the pile!
NCT
Thanks djacob69! for that report 'on the ground'- definitely some' dot connecting' can be done with that tidbit of information!
NCT
Connecting dots and crunching numbers!
Hi Dutchfree- I agree with you that it is looking very positive on the probability for financing, once the REE analysis report comes back and assuming it is positive.
With the economic recession clouds looming in the distance, i am just wondering what it will do to our share price once we do announce the financing. I want to remain optimistic here, but that will definitely have a bearing on where the SP moves to once financing is announced. Of course it will utlitimately depend on the state of the economy at that point, but some sectors (REE mining for example ) may still be in the green given the urgent need for domestic REE mining....
Any thoughts welcome.....
NCT