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I do not understand that! A CEO with a brain has to think what the effect of yesterday's news is! You can't really be that stupid in this position! If he has private engagements, there are enough people at Niocorp who could have represented him at Wainwright.
Oh ok! Thanks! Sometimes you have to set priorities!
Maybe they just wanted to play golf today instead of holding the conference ? I don't care, as long as the market likes it ... ??
Great work, Grunt! Thank you!! eom
Walter, nice to hear from you. If I didn't read you on Facebook too I would have been worried about you.
Thank you again for the tip with Nanalysis - it works really well!
PM+Special -> Thanks for your explanations! I don't quite get it yet, but I'm working on it!
Did I understand that correctly:
- I have a billion left
- I get 200 mil. Niocorp shares
- shortly afterwards the financing is announced
- my 200 million shares are worth a billion again
and multiply in the next few years
....
is it like that?
You are missing 3 zeros
Yes, it would be time for an interview on FBN again!
China's magnesium decree scares German industry
Translated by Google from the magazine "Die Welt" Reading time: 6 minutes
Magnesium monopoly China is stopping its deliveries - with enormous consequences, not only for aluminum manufacturers. The delivery stop affects large parts of German industry in a dramatic way. There is a risk of a large-scale production stop before Christmas. 23 On a Monday in mid-September in Yulin County, Fugu County, People's Republic of China, the county's "Development and Reform Commission" sent out a decree. Subject: "Double control of energy consumption." In Germany, this inconspicuous arrangement by a distant authority triggers a nervous, almost panic-like reaction. The reason: The decree temporarily prevents magnesium deliveries to the Federal Republic. The Federal Ministry of Economics and the Foreign Office in Berlin are now dealing with the events in the Chinese province. Because the Yulin Decree threatens the supply of raw materials to the entire metal industry at a particularly sensitive weak point. There is a threat of a production stop in large German plants before Christmas. Magnesium is essential for aluminum production Magnesium is known to most people mainly as an antispasmodic dietary supplement. In light metal construction, however, the silvery white element is also indispensable: Magnesium is as important for aluminum manufacturers as yeast is for the baker.
The proportion of magnesium in the aluminum alloy determines the strength of the material: the extremely light but stable alloys are used to build bodies for cars and airplanes. Magnesium is one of the ten most common elements in the earth's crust. But the communist People's Republic of China has a monopoly on magnesium. And that is now becoming a problem.
Since the last magnesium production in Europe was closed in 2001 for cost reasons, China has dominated 87 percent of global capacities. The European metal industry is highly dependent: 95 percent of the magnesium consumed in Europe comes from the People's Republic. So far.
Because now the decree on the “double control of energy consumption” puts an end to raw material deliveries. Yulin and other industrialized districts must drastically reduce their energy consumption in the short term, ordered the state planning authority. This means the strictest restrictions for the magnesium companies, which burn the element from the local carbonate rock dolomite with a particularly cheap but energy-intensive process. By decree, 23 production sites in Fugu, the center of the magnesium industry, were forced to immediately reduce their production volume by up to 60 percent. Nine other factories in Shenmu County had to cut their output at least in half. The production restrictions were initially ordered until the end of the year. Magnesium price has increased fivefold The consequences can now be felt worldwide: the price of a ton of magnesium has increased fivefold since the beginning of the year from 2000 to more than 10,000 US dollars. The specialist service "Argusmedia" reports that dealers in the most important European import port, Rotterdam, can no longer get any goods even at prices of over 12,000 dollars per ton. At a hastily convened crisis discussion held by the Metalworkers' Association (WVM) on October 1, there was a mood of alarm among the leading representatives of the German aluminum industry. The industry, with more than 250 companies, around 62,000 employees and a turnover of almost 18 billion euros, cannot produce without magnesium. Because the metal can only be stored for around three months due to the rapid oxidation, there are hardly any reserves.
Some companies were uncertain as to whether recently ordered shipments from China were still being loaded. "Some fear that they will not be able to hold out until Christmas if the deliveries do not come," said one participant at the meeting. Metal industry writes fire letter to the Foreign Office The metal industry is now calling for political help with a fire letter to the Foreign Office in Berlin. "It is expected that the current magnesium reserves in Germany, or in the whole of Europe, will be exhausted by the end of November 2021," says the letter from the trade association to Miguel Berger, State Secretary in the Foreign Office, which WELT AM SONNTAG has received. "There is a threat of a Europe-wide production stop." The most important alloy metal for aluminum is indispensable: "In the event of a supply bottleneck of this magnitude, there is a risk of massive production downtimes in the entire aluminum value chain with sectors such as the automobile, aircraft, electric bicycle, construction or packaging industry as well as mechanical engineering." Steel production could be affected. "We therefore urgently ask you to initiate diplomatic talks with China in order to be able to guarantee the continuation of production in Germany." German automaker affected by magnesium deficiency The buyers in the automotive industry are watching the situation closely. The industry was hit hard by the lack of supplies of computer chips, so-called semiconductors. Market observers therefore expect that ten to eleven million vehicles will not be able to be built worldwide this year. Practically all major manufacturers are affected. In Germany, Volkswagen, Daimler and BMW have sent tens of thousands of employees on short-time work. In the largest car factory in Europe, the Volkswagen plant in Wolfsburg, the production lines will stand still until mid-October, at Opel in Eisenach there will be no work until next year. According to the German Association of the Automotive Industry (VDA), domestic production figures fell by 44 percent in September compared to the previous year. Now, parallel to the semiconductor crisis, the next bottleneck is imminent.
A lot of aluminum is used, especially in premium cars, so that the body does not become too heavy. Companies like Audi, BMW and Mercedes-Benz therefore need enormous amounts of the metal. Your problem: You cannot store the aluminum indefinitely, because over time the material becomes less malleable. Magnesium makes the metal alloy flexible. In the short term, however, the stocks are sufficient, according to Audi. There is still hope: "We do not expect China to cut off the electricity supply for magnesium production for a long time." Energy shortages and climate protection in China It is uncertain whether hope will hold up. Because energy remains extremely scarce in the People's Republic for the time being. This is due to the lack of coal deliveries from Australia, with whose government they are in a clinch on foreign policy. In addition, the persistent drought on the Tibetan plateau is causing the rivers to dry up, so that even hydropower supplies little electricity. For months now, Beijing has been trying to prevent social unrest, which threatens to break out in the event of increasing “blackouts” in the electricity supply. That is why more and more industrial areas and regions are being forced to "brownouts" - planned, temporary power cuts.
In addition to the lack of energy, there are environmental and climate protection needs. President Xi Jinping wants to make the country with the highest CO2 emissions in the world climate neutral by 2060. “The central government takes air pollution targets seriously,” says Markus Taube, who holds the chair for East Asian Economics with a focus on China at the University of Duisburg-Essen: “The Communist Party has understood that it will gamble away its legitimacy if it does not manage it gets. " The result: "All production companies in the aluminum industry throughout Southwest China were instructed to reduce their production to 50 or even 30 percent." Lessons from Europe's dependence on China The pressure on the energy-intensive magnesium and aluminum industry could therefore continue. During the corona pandemic, Europe realized how painful it can be in the field of medical protective masks to be completely dependent on China. Now the Metalworkers Association is calling on the federal government to draw appropriate lessons also for the dependence on raw materials.
"In the long term, Germany needs an industrial policy strategy for secure access to industrial metals," the metal association demands in its fire letter to the federal government. The letter was also signed by the IG Metall trade union - out of concern for the employees: "If we don't do anything to counter this development, there is a risk of short-term production downtimes," said Jürgen Kerner, executive board member of IG Metall: "In the long term, jobs in Germany are in Danger."
Kmack, the medicines that you should buy urgently are called Ritalin, Concerta, Vyvanse, Adderall, Dexedrine, Focalin
You are welcome
They should end the event quickly, before the SP falls any further.
Thank you, Walter! eom
NioCorp Named as a “Top 10” Mid-Tier/Junior Mining Company for 2021
video
CENTENNIAL, Colo. (July 27, 2021) – NioCorp Developments Ltd. ("NioCorp" or the "Company") (TSX:NB) (OTCQX:NIOBF) is pleased to announce that it has been named as a Top 10 U.S.-based mid-tier/junior mining company by Northern Miner, a leading industry publication.
NioCorp was ranked #4 on the list of Top Ten companies in this category, which excludes coal and precious metals mining companies. The list by Northern Miner is based upon growth in market capitalization of the companies named over the past year.
“We are very pleased to receive this award, as it reflects the tremendous growth in the Company’s market valuation over the past year,” said Mark Smith, CEO and Executive Chairman of NioCorp. “Over the past 12 months, our market cap has increased by approximately 84%. I think that reflects very positive investor reaction to the major advancements that the team has made in the Elk Creek Project over the past year, and the fact that these advancements have brought an influx of new investors to the stock.”
Mr. Smith provided additional commentary here in a new NioCorp video.
According to the Northern Miner article:
“NioCorp Developments (TSX: NB; US-OTC: NIOBF) is focused on developing a superalloy materials project in southeastern Nebraska. The Colorado-based company plans to produce three commercial critical mineral products at its proposed Elk Creek mine: niobium, scandium and titanium. NioCorp is also considering the production of several magnetic rare earth products at the site.
“Elk Creek would be North America’s only niobium/scandium/titanium project and include an advanced materials manufacturing facility located by the proposed underground mine. The superalloy metals found at the Elk Creek project include the highest-grade niobium on the continent, and one of the largest prospective sources of scandium in the world.
“The company released a feasibility study in April 2019 that estimated average annual production at Elk Creek of 7,220tonnes of ferroniobium, 95 of tonnes scandium trioxide and 11,642 of tonnes titanium dioxide. The mine’s expected lifespan is 36 years. The study pegged initial total net capex for Elk Creek at US$1.14 billion, with gross revenue of US$20.8 billion over the life of the mine.
“In April, NioCorp announced it had purchased a key land parcel associated with Elk Creek, giving the company ownership of the mineral rights to more than 90% of the project’s mineral resources and mineral reserves. In June, NioCorp initiated testing of mineralized material from Elk Creek, using high-pressure grinding rolls (HPGR) technology. HPGR technology is an energy efficient and low-emission alternative for reducing the size of the ore to enable the recovery of niobium, scandium, titanium and potential rare earth products. The testing involves taking about three tonnes of drill core from the site and reducing it to the one-millimetre size required for hydrometallurgical assessment.”
# # #
CENTENNIAL, Colo. (July 27, 2021) – NioCorp Developments Ltd. ("NioCorp" or the "Company") (TSX:NB) (OTCQX:NIOBF) is pleased to announce that it has been named as a Top 10 U.S.-based mid-tier/junior mining company by Northern Miner, a leading industry publication.
NioCorp was ranked #4 on the list of Top Ten companies in this category, which excludes coal and precious metals mining companies. The list by Northern Miner is based upon growth in market capitalization of the companies named over the past year.
“We are very pleased to receive this award, as it reflects the tremendous growth in the Company’s market valuation over the past year,” said Mark Smith, CEO and Executive Chairman of NioCorp. “Over the past 12 months, our market cap has increased by approximately 84%. I think that reflects very positive investor reaction to the major advancements that the team has made in the Elk Creek Project over the past year, and the fact that these advancements have brought an influx of new investors to the stock.”
Mr. Smith provided additional commentary here in a new NioCorp video.
According to the Northern Miner article:
“NioCorp Developments (TSX: NB; US-OTC: NIOBF) is focused on developing a superalloy materials project in southeastern Nebraska. The Colorado-based company plans to produce three commercial critical mineral products at its proposed Elk Creek mine: niobium, scandium and titanium. NioCorp is also considering the production of several magnetic rare earth products at the site.
“Elk Creek would be North America’s only niobium/scandium/titanium project and include an advanced materials manufacturing facility located by the proposed underground mine. The superalloy metals found at the Elk Creek project include the highest-grade niobium on the continent, and one of the largest prospective sources of scandium in the world.
“The company released a feasibility study in April 2019 that estimated average annual production at Elk Creek of 7,220tonnes of ferroniobium, 95 of tonnes scandium trioxide and 11,642 of tonnes titanium dioxide. The mine’s expected lifespan is 36 years. The study pegged initial total net capex for Elk Creek at US$1.14 billion, with gross revenue of US$20.8 billion over the life of the mine.
“In April, NioCorp announced it had purchased a key land parcel associated with Elk Creek, giving the company ownership of the mineral rights to more than 90% of the project’s mineral resources and mineral reserves. In June, NioCorp initiated testing of mineralized material from Elk Creek, using high-pressure grinding rolls (HPGR) technology. HPGR technology is an energy efficient and low-emission alternative for reducing the size of the ore to enable the recovery of niobium, scandium, titanium and potential rare earth products. The testing involves taking about three tonnes of drill core from the site and reducing it to the one-millimetre size required for hydrometallurgical assessment.”
# # #
Putz, where are you?! Premarket looks nice. eom
Ah, ok ... is he doing some public relations there? Fine
What kind of connections do Lightwave and Niocorp have? eom
Sounds good! Thank you, Walter! eom
Oh,wow! Thanks a lot, Antler!!
Advocate, we can watch it on Youtube:
With the BigF or without?
Why two years and not five or eight? Are you still an investor or just someone who likes to badmouth other people's investments?
Must be a problem of understanding from me, sorry.
To explain how I translated this:
ON = April 30th
AFTER = all following days in the future after April 30th
and there we will not have any drilling rigs onsite.
That would be: never.
Thank you, Nebraskan! But why "or or AFTER"? eom
Thank you, BM! I know almost nothing about chemistry, but it sounds very exciting
If I were 20 years old, I could think that too. But I'm an old man and at some point you run out of time to spend money.
Thank you, Spunkmeyer! I thought of you in the past few days.
I was close to sell at least parts of my shares before the interview with Mark,
but now (at + 120%) I'm very glad I didn't.
Let's hope that everything turns out as we imagine it. Then buying now, is still very cheap!
Cool! If anyone knows, it's usually the barber or owner of the liquor store!
It’s an extension of the previously planned products. So the project becomes more economical. A positive development that imo doesn't require a new FS.
A FS is mainly about seeing whether a project is paying off at all. And it continues to do so. Even more!
Well done, thank you! I look forward to the answer.
Over 500k today in Germany! eom
786.839 Shares in Germany today! eom
Sorry Bernice! Rising on Tradegate and F ->0,82 EUR
They all open at 8 a.m. and then trade for 14 hours. But some of them only update their share prices when there is a trade. We are now at € 0.77 (Tradegate + Frankfurt) and € 0.761 in Stuttgart (where I live)
Today I am in the green with Niocorp + 109.35%. Not bad for over 5 years, but there is more to come! Much more!
I will never understand how you can buy a stock without limit that has already risen 100%.
Only ~225k in Germany! Tomorrow next interview, please!