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Renee
I change my vote then to the old board and changing the name to NB so it can be followed in US currency. We are officially a US company and the board should reflect that accordingly.
Tante, I was drinking my morning coffee, Thanks for pointing that out to me! I guess my ‘Nasdaq uplisting experience ‘ with that company got in the way.
I like NB, Nasdaq, US dollars. Don’t mind the burden of history. It’s spring, it’s a new beginning of all of us invested in NB on the Nasdaq.Let’s go building a mine. There are too many who try to make a business out of the past. Let’s go for the future.
LWLG goes to Nasdaq tomorrow under the Ticker NB. I think this should be the board as from today.
Looking forward to a prosperous future for Niocorp on the Nasdaq. The past was the past and doesn’t count in building a business for the future. Good to know that insiders own almost 25% of the company.
Nonsense? Scooter, what would you do if just got 4.7 million shares in Niocorp for a pittance? Put in a cash account in the bank?
With 4.7 million Niocorp shares and their board seats, it is evident that their personal wealth is now very much tied to the success of Niocorp ( not to GX anymore).
Interesting Scooter. Cellularity is in clinical stages, not sure if you can compare it to mining/ processing company in the financing/ building stage Moreover commonly these private companies would get inflated valuations to go public. Sure seems anybody who invested in 2021 lost money in Cellularity. Been in clinical stage companies myself and know that the clinical stage process is long and the success rate is very low. Lost quite some money. I am sure the guys want and are looking forward to recoup some of their Cellularity losses with their new Niocorp share ownership.I would.
With these 4.7 million Niocorp shares and their board seats, their personal wealth is tied to the success of Niocorp. In fact even more so, than mine and many others here.
Advocate here is your answer. None of the biggest Institutions on Nasdaq were involved in our GX SPAC, clearly another kind of institutions than which operate on Nasdaq. On Nasdaq these kind of institutions are involved.
Mutual funds, Pension funds, Hedge funds, Endowment funds, Banks, Insurance companies.
The largest institutions on Nasdaq are in order of importance : Blackrock, Vanguard, UBS, Fidelity, State Street
Morgan Stanley, JP Morgan
These are the companies operating on Nasdaq and these are the companies who will buy Niocorp. If they do the majority will follow these leaders.
Please realise we are entering the big league. Have a feeling a lot here underestimate the importance of this uplisting.
Let me ask you a rhetoric question :
Why do have institutional investors an outsized influence over markets in general and they own over 75% of the market value of the broadest equity index in the USA and account for 90% of the daily trading volume on that index ?
That’s relatively very little. Nevertheless there will be some on this board who have an interest in talking the share price down by attacking management, the project or anything they can find to cause fear. Just be aware of relatively new posters in this respect.
Just to look a bit at the nearby future on Nasdaq. Institutional investors have an outsized influence over markets in general and they own over 75% of the market value of the broadest equity index in the USA and account for 90% of the daily trading volume on that index. Nasdaq’s institutional ownership is well above 50%.
Niocorp today is nearly 100% retail. Institutions will try to get a substantial part of Niocorp’s 30 million float. Index funds will be obliged to get a proportionate % of Niocorp’s Nasdaq Value. I am very confident that just Niocorp’s presence on Nasdaq will result in an increasing share price. It may well be that institutions ( in order to get their “ fair” share) could use their toolbox of market practices ( including shorting) to relieve retail investors from their shares, so be aware and keep in mind that the longer term prospects are positive.
Correct. I referred to the fact that when warrants are exercised ( I am assuming when in the money ) potential 150 Mio plus will flow into Niocorp. Let’s be optimistic, with a float of only 30 Mio shares to start with, the SP can reach a level of 10 dollars easily.( That’s the 1 dollar of last week)!
Last PR yesterday…the one you are quoting…
“ Share Consolidation
“ Following completion of the Business Combination and the Consolidation, there are currently 30,000,442 Common Shares issued and outstanding. Further, there are 7,957,404 Class B shares of GXII (now known as Elk Creek Resources Corp.), as the surviving entity of the merger, that are exchangeable for an aggregate of up to 7,957,404 Common Shares and 15,666,667 Assumed Warrants exercisable for an aggregate of up to 17,519,910 Common Shares. All existing convertible securities of the Company have proportionally adjusted as result of the Consolidation, in accordance with their respective terms. The Convertible Debentures and the Financing Warrants were issued following the Consolidation, but have similar terms that provide for proportional adjustment thereof.
“ NioCorp also assumed the outstanding GXII share purchase warrants (the “Assumed Warrants”), which will be exercisable for Common Shares with an exercise price of approximately $10.28 per Common Share. The Assumed Warrants are exercisable beginning on the 30th day after closing and will remain exercisable until the 5th anniversary of the closing date. All numbers in this press release give effect to the completed Consolidation (as defined herein).”
Drico, just to show in a picture what to expect. Of course this assumes that we will find the capital to build the mine. That’s everybody’s own assessment. Personally I believe we will find all the capital we need since we have the political establishment supporting it. With the US government supporting the project chances have increased considerably.
I am a bit frustrated with all the negative posting at the moment.
The project is further along than it was when the SPAC deal was announced.
http://www.usfunds.com/media/images/investor-alert/_2014/2014-08-08/COMM-Life-Cycle-of-a-Mine-08082014-lg.gif
Wagner, in the 55 million float the warrants are included. Niocorp assumes ~ 15 million GX warrants which are exercisable for one Niocorp share at ~ 10 dollars. If these are exercised that would bring an extra of 150 million cash. Correct?
“In connection with the closing, NioCorp also assumed the outstanding GXII share purchase warrants (the “Assumed Warrants”), which will be exercisable for Common Shares with an exercise price of approximately $10.28 per Common Share.”
I think you are trying to create unnecessary confusion.
“ I'm an American that owns a house and lives in Italy. That doesn't make me italian, just because my residential HQ is here.”
… but if you live there and it’s your residence, you earn your living there, you pay Italian taxes. For the Italian state you owe taxes to them ( and if you are an American you will be (doubly )taxed on your worldwide income)
0,5 % of all shares changed hands today. 99,5% didn’t. Going to the Nasdaq. Low float, not many shares to short. New investors for sure. Many positive catalysts still to happen.
MaxZ. I share your observations completely. I really like to exchange information and have an open respectful discussion with serious investors. Do you have a suggestion or a recommendation for such a platform?
You are entitled to your opinion on this deal. Yes the cash is disappointing, we all agree. Most of the expenses will have been for the lawyers imo. Mark Smith has repeatedly expressed his desire to be listed on a major stock exchange over the years. That’s happening and that in itself opens more opportunities to attract funding.
No.If you are happy stay were you are.
The daily volumes are very small ( I know investors who have more shares than daily volume ). Because the volumes are so small, buying and selling have more impact on the price ( up and down). We have 282 million shares outstanding, so a 1 Mio daily volume is less than 0,35%. A few disappointed retail investors ( reverse split, SPAC) may head for the door and by doing so have a disproportionate effect on the price. You could also be more optimistic and say 281 Mio shares did not sell. Lol.
Appreciate your effort, but I think most people are hesitant to share their ownership. Based on my long term presence in this stock, I would claim that almost 90-95% is in the hands of retail investors and insiders at the moment. Fintel reports very little institutional ownership. Don’t know any other sources.
I also would estimate that the majority of shareholders is from Europe. My estimate around 60% ( 200 mio shares) and 30% are North American ( USA and Canada : 100 mio shares).Most Europeans ( based on my knowledge of the share holder profiles ) have a longer term perspective. If you look at this board I would say the majority of the so called ‘ critical’ or ‘ show me the money’ posters are traders, mostly North American.
Personally, I believe that our uplisting to Nasdaq opens access to new investors and especially institutional investors who are currently hardly involved in Niocorp. Moreover moving away from penny stock status and ‘ over the counter’ status here in Europe will add credibility and will open more trading opportunities with Tier 1 European banks ( who until now refused to trade in Niocorp, despite their listing on the TSX ).
PG. This is how our financial system works and it’s not different from our monetary system. Not public, but private banks create credit. There is no gold standard or physical value attached to money. Private Banks are creating money supply by creating debts and taking your money or savings or future income as collateral. They own your (saving) money, your mortgage ( debt). . They are legally the owners of your money, not you. Best case you have a claim or a deposit insurance. Of course your savings are turned into credit for others, which is a good thing and makes the world turn around. Same system is now applied for shares, they are detached from the share certificates and the companies ( the assets, the gold standard) and financial private companies are creating as many shares for ( retail) investors as they want, creating markets for longs and shorts. Governments has delegated the ‘credit creating function’ to private companies and they have turned it into businesses with shareholders . The stock market functions almost similar now. Don’t think that was the idea from law makers. However when something goes wrong the claimant, the citizen, the investor, the shareholder call for the government to intervene. Look at the failing of a bank. I think we need the government and the FED to make sure somehow crypto technology is used to tie ownership and underlying asset. Ownership is now with big money. Just my observation on your article.
There is us $ 72 million. How much you think they need for the next 6-9 months?
Appreciate your decision and explanation. Everybody has to decide what level of risk he can afford. I think this mining project is further along and de risked than ever before and the ( geo) political
environment is more favourable than at the start of this project a long time ago. I look forward to the Nasdaq listing next week. A great milestone in the development of this company.
Board already decided. Don’t think they will repeal it.
Wagner, yes some are disappointed including Smith apparently. That last observation I find more concerning. There are also people who are relieved we are going to Nasdaq without this majority shareholder. and with very little dilution. The disappointment is that GX A shareholders did not want to exchange their cash for our shares. Don’t know the reason, but as someone pointed out there are still very attractive GX warrants in play. It could be a risk aversion game from these GX shareholders, There are many NB shareholders doing exactly the same. The world is still spinning nicely.
Don’t think Mr Kehler is the guy to talk about the Elk Creek’s attraction for long term investors. Although I believe it is a true statement.
Just my take and remarks:
1. Project and its prospects haven’t changed. Still a great project.
2. Instead of potential 285+ 83 -15= 353 cash, 96 million cash.
3. Merger approved
4. Nasdaq listing next week.
5. Little dilution. Current shareholders keep almost 100% of the company.
6. Low float ( after reverse split) Around 30 million shares. Pretty clear financial outlook and value creation.
7. 800 million financing EXIM possible
8. Many potential catalysts ( REE, off takes, new investors) benefits to existing shareholders.
I know companies which went to Nasdaq with less prospects and cash and larger float. Not selling a share. Admit Scooter was right on the redemption rate I didn’t want to believe him, sorry Scooter. I believed Mark Smith. I hope Putz is happy, because the scenario which unfolds now is I think more to his liking.
Personally believe that the Nasdaq listing will bring more institutional investors. Apparently the GX institutions had different aspirations in mind. Don’t understand why they agreed on the merger, but took their money back. Bit surprised that the main negotiators in this deal apparently didn’t anticipate this. Hope to get clarification from Niocorp management.
Nasdaq GX saw a spike after 11 o’clock. Some investors are only allowed to use Nasdaq
We are moving into a completely new phase. What you see at this particular moment is not relevant and in no way representing what to expect long term. Great news. Hope we will see 285 mio flowing into Niocorp’s treasury.
Demolition. I have no crystal ball of course and a lot of catalysts could nicely surprise. Most important for me is that the upside is so fantastic, that I will stay with this investment for the next decade, I may nibble a bit every now and than, but the SP direction will beat all the indexes.
It’s my prediction based on the the old Feasibility and the assumption of the addition of REE’s. Don’t know inflation effects, don’t know OPEX and Capex implications. The discount rate ( 8%) will disappear over time as well. Just calculated 480/500 million EBITDA divided by 60/65 million.
Sorry X to correct you.
You said “ The development of the Process Development Kit (PDK) for this new optical hybrid optical modulator design is now in progress with Lightwave Logic's foundry partners.” “
If you look at the investor presentation page 27( I assume today used at Roth) ‘ progress’ has been replaced and it says under Foundry:
“ Polymer PDK operational” !
Looks like 60-65 million shares post reverse split and Nasdaq listing. That’s a pretty small float . A relatively small share supply with ( conservatively) a potential EPS $ 8 bodes very well for us shareholders. Calculating with 8 dollar = 10% gross return ( interest + risk premium ) brings the share price to $ 80.
Just look at the big American three. The small ones, the index funds are sometimes followers and passive. You don’t get in the top three by being merely being ‘passive’. Even if they themselves qualify an investment as passive, they have done their home work. They have world class research & intelligence at their fingertips, they have excellent information, deal with almost everybody in corporate America. In fact they often are on both sides of the table negotiating with themselves on behalf of their clients. They even assist the FED in buying their own bonds. They know what their doing, they wield power. It’s this financial power which always wins in the USA. You better don’t bet against it. Let it work for you!
I go back in hibernation until news proves my point.
Look at the list of institutional ownership and big brokerages and you will see the some of the biggest in the world. It’s public information. Strange that my post was deleted. I emphasized our long term professional shareholder network and how the big institutions and our ‘ cult’ , as some wrongly qualify us, would win . Means I touched a nerve. The big guys and we longs will reap big rewards Just stating the obvious imo!
Astro, I hope he keeps it away from this board. I don’t need to be convinced, I am, and a lot here don’t want to be convinced whatever KCC would share. I think X hit the nail with his message and if KCC says 100% it coincides which what I know.
Thank you for the clarification. I see the pros and the cons. Don’t think I missed anything big by holding my NB shares. Owning GX W is more of a risk management exercise with a small financial benefit.