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Landmark- THANK YOU!! that needed to be said... we need updates, it feels like we are close to a milestone in this end of May (end of Q2) timeframe..... so once again HOPE springs eternal..... as always.... glass half full, and all that positive affirmation stuff...... blah blah..... haha lol
Let's GO NIOCORP, SUPRISE US WITH SOME GOOD NEWS FOR A CHANGE!!
NCT- Just hoping to be able to use SOME of the NB investment proceeds BEFORE my 105th Birthday!! G Zusssss!! comon'
This place is bad enough because of politics...... it all comes down to pol-i-tics...... every part of our being and existence is transcended by politics don't ya know.....
Do you actually think that's by accident Danieldeubank? hmmm
Chico- Hope all is well! I don't want to call you out, but you might be the most knowledgeable and respected MB shareholder, your research and information presentations are legendary here on this board........... as such and totally optional, can i ask you a question!?
Why do you think nobody knows about Niocorp? we don't appear in any industry mining articles (for CE's or REE's).... we get no love from the institutions since listing on NSDQ, our share price hovers around a pack of gum, and we just keep resetting the 6-9 month clock over and over..... do you think we will have our 'day in the sun' if/when we close the EXIM financing and get some equity finance love and offtake with Stellantis........ Strictly off the record :) hehehe, what is your prediction for the next few quarters (assuming that those aforemtntioned milestones get accomplished)...
Thanks for all of your dedicated research and input for all of us MB shareholders! it by far dwarfs the effort of any other single MB shareholder, and everyone benefits significantly...... again, my questions are optional......
Yaddddda............
NCT-
I don't think anyone needs any reminders...... but $10 is really $1 and even $20 is actually $2 pre-RS debacle.... if we don't get over $25 with the financing + EXIM, i, as many others i'm sure, will be VERY dissappointed and will hope to see the company sold off to another mgmt. leadership team.... there is NO WAY a $4B NPV company with 40M-60M range of shares outstanding should trade for under $30 even pre-production! damn.... we have been beaten down and fed dog food and table scraps for so long that many are conditioned to settle for paltry SP value..... Remember this wild ride, fraught with MANY twists and turns (and crashes) has tested the mettle (and sanity) of all the loyal shareholders (notwithstanding the shareholders who have pumped the stock years ago and accumulated a 'flock' and now are turning on the company with non stop bashing......... Anyway, back to the point..... If this team cannot promote this mine once we get the dough... then move aside and let another team have their crack at it......
NCT- waxing however ineloquently
Gman- that Lithium America Huge financing with literally NO SP appreciation concerns me too...... but didn't you say earlier that there were some 'mitigating circumstances' in that case?? maybe they have toxic biohazard water or maybe their SPAC'lers structured the deal so that the stock would stay under $5 until they were ready to pop it to $30!! sounds like ours.... hahahahaha.....
Yaddda yaddda and freakin' yadddddy....
NCT
What in the heck will it take to move the SP on this stock.... it sits there like a turd in the toilet bowl @ 2.55USD......
What if NB cured cancer, or stopped the war in Ukraine or solved the mineral supply line problem overnight, might the stock move a few cents for those earth-shattering developments!? it's like we have a boat anchor weighing us down.....
Don't all these institutional investors and analysts (that we discussed as major benefits to the RS and NSDQ uplist) see the same EXIM probable financing news (PR yesterday) and factor that into their analysis and investment decision, or was that news just oh hum hum.... nothing to see here..... no SP increase here........
I DON'T get it..... no movement on what appears to be excellent news...... ALMOST makes one wonder if the stock will actually MOVE if/when the actually do get FINANCING, or will this thing be a slug UNTIL the mine is actually built and producing REVENUE..... then a corresponding SP reflective of revenue and PE multiples and all that other technical shit will support the share price...... Geee Zussss H...... whatever happened to NPV's based on '22 FS and forward looking revenue /EBITDA projections to base the current share price on??
These Institutions and analysts are giving NB ZERO benefit of the doubt and it appears they are saying "SHOW ME" (that you can get a FS out and that you can subsequently procure FINANCING..... UNTIL THEN we will treat you like a junior mining penny stock with a 1:100 chance of succeeding..........
Frustrating doesn't even start to describe this stock.....
NCT
Good Questions Demo! I can't say for sure but it seems like the SPAC'lers found a weasel clause or a loophole whereby they were able to still participate (thru Warrants) without having to pony up that money$$$..... in other words it appears they had their proverbial Cake and Ate it TOO!! not a bad deal.... If you can get it!! .......
And the beat goes on..... and on.... and on......
Yadddda.....
NCT- in reflective mood/mode......
Where is MaxZ and Skiluc? The SPAC pom pom carrying cheerleaders leading the SPAC cheers and browbeating investors into realizing that the SPAC was a real good thing.... ya'll were just too dumb to understand the financing complexities...........
BUT remember, sometimes it's skill sometimes it's luck and sometimes it's
just good'ol snake oil, spin and charm........ then the next thing you know badda bing... badda boom.... a goup
of Drexell Alumni/GX SPAC'ler sharks own 20% of your company when the dust settles!! Nobody quite knows how they pulled it off, but they are masters at buying at 11th hour, distressed sales and foreclosure-like financing scenarios, and though unsuccessful (merger) somehow they own much of our company...... say WATTTT!!!!
We can only hope that EXIM will wash away that foul Spacle taste in all of our mouths......
I'll say it again...... why don't our new BOD friends (GX Mgmt. SPAC'ler Gekko get rich and screw the common shareholder crew) who just got granted 20% of our company in a head-spinning, stilll not completely understood (by our management and shareholders) turn of events..... Why don't they show some goodwill and 'skin-in-the-game' by taking a guaranteed/short term, low-interest equity line out on one of their 10 vacation homes across the world (i.e., Vail, Sonoma, VI, Monaco.... yadda....) in order to raise some non-dilutive/short-term desperately needed funding for NB to get the FS out and finish the engineering testing...... comon', aren't we all in this together? or are some in this for a quick buck!!?? Like our long-time legacy shareholders are fond of saying - " You know mines take time..".. and yaddddy yadddddy..... blah blah........
Cups.... handles.... candles.....and tigers and bears.... oh my...............support shla-bort...... blah blah blah..... and the beat goes on and on and on....
NCT
NCT
Oh dear gawd..... why did you have to post that monocle!!! You just ruined my SATURDAY! those salary/option figures remind me of the 'Dot com boom/orgy here in silicon valley in the late 90's.... when CEO's comp packages were killin' it and opulence was on full display........ If Mark and crew perform then it will be worth the obscene packages, however if they don't perform (and soon) , then we got fleeced and F'd hard....no more 5 years late to the dance on introducing REE's or getting hoodwinked by SPAC Gekko greed is good sharks!! .Need all C Suits to be FULL TIME attention on deck for OUR NB chugga chugga Thomas at this POINT!!! The jury is still out......
Ya- freakin'-da!! and blah blah fukkkin blah.......
Hava nice weekend All (even the 'broken record' basheres..... yah, ya'll losers know who you are!
NCT
Go BRUINS!!! Game 7 babyyyyy
Agree monocle-
I am disappointed that they need to raise capital for EXIM, damn, just ask EXIM if we can just throw it on the backend of the loan, like when one buys a house.... seems easy enough! Done....
At the pace ('Niocorp pace) that this crew moves (i., glacial pace) financing a lot of things could be in the wait mode.....
Wait..... maybe the NB Mgmt. is just waiting for an administration change to get a Treasury crew that has a clue on what they are doing and can tame inflation (caused by the never ending 'stimulus spending' and giving folks money NOT to work...) and then get better borrowing rates...... and also have people in the DOE that understand the urgency of getting mines built and supply lines up and running asap, and not pandering to the extreme climate crowd that wants it BOTH ways, i.e., EV revolution but not with domestic mining.....
NCT
The Railveyor Train, like the Recycling PR earlier this week both sound great! but wouldn't you think NB would have researched these projects/initiatives LONG ago, like 6-12 months ago- in order to capture the CAP-EX and scope components of the project??? instead of just now floating these ideas/projects while we are in finance negotiations with EXIM and partnership with STELLANTIS.... this seems awful late in the planning to be introducing these new prospective PROJECTS..... hmmmmm just my .02..
NCT
I will go on record saying that if Management is unable to pull off this latest strategy of putting our eggs in the EXIM basket to secure 'cornerstone financing' and then watching the remaining equity financing fall into place (which is what they have told us since the SPAC misstep)- then EVERY shareholder, even the NB management apologists, needs to insist that this management team prepare this company for a buyout and sell this Ferrari off to a group that knows how to drive all of this horsepower.... and can manage multiple phases of a project simultaneously... Because seeing this pathetic .20 share price is just a dagger and shakes the collective shareholder's confidence to the CORE... With all of these deep pocket, highly connected Financiers we have on the board (i.e., Kehler, Bloom GX SPAC crew) one would think that they would be able to BROKER all types of synergistic relationships with other businesses, i.e., steel producers, car manufacturers, hi tech quantum computing companies, shipyards, infrastructure firms, etc. etc. etc.....
BUT NO...... we hear nothing from any partnerships or offtakes or anybody..... HEll, we can't even make it into articles that talk about the resurgence of domestic CE/REE supply lines..... it is as though either nobody knows about Niocorp or we are blacklisted in the industry...... WHAT THE F!!!!! WE SHOULD BE PUTTING OUT PR/NR'S TO EDUCATE THE INDUSTRY ON WHAT WE ARE SITTING ON AND OUR PROJECTED PLANS...... instead we are just dog paddling and treading water, waiting and waiting for SPAC funds that fell thru.... then resetting the 6-9 month clock (that has been over a year now!) with what seems like another 'single-threaded' strategy..... that was scheduled to happen in 2023', then in 'EARLY '2024' and now we are coming up on mid year.... COMON' NB..... EN-FRIGGIN- GAGE ALREADY!!!!! I am sure there are many that are STUNNED/FLABBERGASTED at the situation with the FS, i.e., not publishing because we don't have funds..... and therefore precluding the possiblility of getting a BOAT LOAD of institutional /retail attention with the presumptive $700M-$850M EBITDA NUMBERS!!!! Wouldn't you think they would want to do EVERYTHING IN THEIR POWER ( maybe even asking the Drexell Junk Bond /GX Sharks (Kehler/Bloom) to lend the company a short-term /guaranteed $25M loan to expeditiously publish the DAMN FS!!!!! after all, these guys DID clean up with 20% of our company after the GX SPAC dust settled...... SHARKS that saw blood in the water, maybe take out an equity line on one of your 5 vacation homes to help out your new SPAC target NIOCORP, after raiding the company......... COMON NB MGMT- Think OUT of the DAMN BOX and earn those EXORBITANT SALARIES!!!
F'G Pissed at being jerked around NON-STOP over last 3 years and being fed dog food while being told fantastic stories and half truths....... ATTENTION NB MGMT: THIS IS YOUR LAST CHANCE to MAKE FINANCING WORK OR YOU NEED TO SELL THE MINE OFF TO ANOTHER GROUP WHO CAN PERFORM!!
This is ONE PERSON's OPINION.........
NCT
Same characters arguing back ' n forth... just a different day.... same argument, recycled over and over again for all the MB members to see (and shake their heads in disgust)... if you want to see how grown men can be reduced to tired angry repetitive rant children with full diapers daily...... come to the NIO board..... actually, every so often, there is a nice nugget of information/insight/update on the MB but more and more infrequently....... and sprinkled in between the AO vs Trans vs DOA vs LCP food fights................(did i miss any of the antagonists??)
Another day in Nio-Ville...... back to sleep.... zzzzzzz reset the 180 day alarm.......waiting another quarter or year..... "these mines take time, don't ya know" - if you wanted quicker returns you should have invested in the 30 year T-Bills.... dumbass! :)
STILL havent announced that we are FOR CERTAIN going to process REE's (even tho we have a lead speaking role in all of the REE/ conferences..... we just can't COMMITT to saying " WE ARE IN', much like a committed bachelor that doesnt want to give up his lifestyle of travelling around the world bedding exotic babes...... NO Committment Peter Pan....
STILL no news on publishing a FS, even tho many investors were quite suprised (SHOCKED) to learn that even after a yr. and a half of being strung out on the Demo testing we still are no closer to getting a FS (which is a prereq. for many of our other milestones) out the door!!! DANG..... it's beyond Frustrating......
Oh well...... the beat goes on.... and on.......
Prayers for the NB and surrounding area people that were affected by the natural disaster......
NCT
AO.... we agree to disagree....... these annoying posters/bashers aren't making a bit of difference in this stock price (and even if they are it is temporary, probably creates a temporary huge bargain basement clearance sale like buying opportunities.... BUT as we all know UNLESS and UNTIL financing happens, which is the only thing that will move this SP, i.e., NB Mgmt's execution on financing and offtakes.... that is the ONLY thing...... If/When that happens, then all the bashers, with their loud voices, belligerance and loaded diapers, oh and old timer trading stories- will be proven wrong, wholly discredited and shamed- complete with egg all over their ill-intentioned, no redeeming qualities, hidden agenda, ugly ass faces.... we all know who they are.....
But in the meantime please stop engaging in tit for tat wars with everyone and their brother (and mothers)... it's a bad look for you, you might be well meaning but you are looking petty, defensive and naive.... and it clogs up the board all day every day...... no winners, just everyone on the board losing while marking time waiting for the turnaround......
NCT
Thanks Demo Man- I'll go ahead and make my reservations for the ribbon-cutting and Elk Water gala/bash..... oh wait.... this article is from 2016... UGH..... 8 YEARS AGO!!!! years go by like months here in sleeeeepy Nio-Ville.... It's almost like a time-warp machine.... we could have gone to the moon and back a few times before finance approval.....
Yawnnnnnning...
Just wake me up for meals and super bowls/ world series....
In-friggin-cred-ible!!! One of these Days/Months/Quarters/Years/Decades..... YOU JUST WAIT and WAIT and WAIT and see........
ZZZZZZZZZZZZzzzzzzzzzzzzzzzzzzzzzzzzzz
G-Man, AGREE 1,000,0000 % !! It is BEYOND FRUSTRATING to see Niocorp NOT appear in any of these articles re Crit Elements/ REE's, Supply line issues, etc..... Have seen great articles on Scandium today from poster(s), but no mention of NIOCORP!!! WTF is going on here houston!!??? is our project 'classified'/ 'TOP SECRET' and we don't want the world to know that there is a Knight in shining armor bumbling and stumbling their way to the starting blocks (i.e., NB trying to procure financing over 5 years and 3 FS's)....
Jim S- if you aren't too busy, maybe some social media presence so Institutional investors ! (heck ANY investors for that matter- might get introduced to NIOCORP, you know that little mining company in Nebraska that promises to turn the CE/REE world upside DOWN!!
GEEEEE ZUSSSSS H. !!!!!
Don't get me started!! too late!!!
Yaddddddda and friggin' Yadddddddy
NCT
Demo- thanks for digging up that 'oldie but goodie' from 2017, i hope those 1200 workers didn't wait around for the call from Niocop.... hahahahaha lol lol
AO- I gotta give it to you man....... working a job and fighting with everyone on the board in defense of mangle-ment...... Oh and in the interest of full disclosure and transparency, i am squarely in the camp that does not believe that the SVB and other regional bank spooked the entire nation and adversely affected financial activity, tho. like Covid, it was a good excuse for shit that didn't work out financially for companies during that flash in time, but many of the SPAC investors were bailing before that event..... and knew they could still get in with warrants to get a piece of the pie (they probably had TH on speed dial).... let's face it, the GX SPAC was in desperate straights, ready to fold up with no merger target coming into the 11th hour... and they saw NB coming' (imo)....... somebody probly knew somebody who went skiing in Vail or sailing in the Bahamas with one of the SPAC'ler folks and over a few drinks and a few more drinks and maybe some smoke..... well, we all know the 'REST of the story'.... But hey..... let's look ahead, don't look at the carnage in the rear view mirror...... this GLASS is HALF FULL DAMMMIT!!! let's go NB, let's finish this quarter with some 'Belgium Magic' dammmit!! ENGAGE ALREADY!!! (chico reference)...
Yaddda Yadddda and BLAH BLAH.........
Another week.... another month...... another QUARTER..... what's a few more months/years...... these mines take time don't ya know!!
NCT
Thanks jeunke for taking the time to summarize points from the meeting.... sounds very positive.... and very close to happening.....
NCT
Ok , that is some real funnnny shit GMan...... you kinda summed it all up..... drop the mic and walk off the 'virtual stage' cuz you don't want to to screw up that 'Picasso......
I wanna be like Homer too..... don't we all! DOH! hehe
NCT
AO- You did iit again bud..... in your response to me (below) you managed to do 2 things-
1.) you marginilize my statement by saying "it Doesnt matter" and "doesnt change anything"...... again infusing your wisdom and logical sanctimonious superiority to shoot people down..... that is the pattern..... it pisses people off, have you noticed?
2.) It is no suprise that you are going to defend NB mgmt. no matter what, you are the head cheerleader, but that is what infuriates people that go back and forth with you..... always diminishing and marginilizing other's viewpoints while setting up your opinion as authoritive, when it is usually just giving NB mgmt. the benefit of the doubt in ALL CASES...... Let other people voice their opinions without being the guard dog..... you aren't getting paid to protect them.... and the only thing that is gonna move the SP is financing..... dissenting well founded opinions are not going to destroy the SP..... ONLY mgmt's lack of execution will adversely affect the SP, we have seen that play out a LOT..... so take a deep breath..... take a shift off from defending mgmt. on the messsag board.... and keep fingers crossed for EXIM financing in 'EARLY '24'.. That is the winning ticket....
"Doesn’t matter who made introductions and won’t change anything".....
NCT
I am still waiting (with baited breath no less) to hear what value the GX execs have or will provide Niocorp, especially after their outfit laid such a large egg and they provided no guidance on that SPAC Debacle...... Amazingly, the GX big boys came out of that Huge Misstep smelling like roses, sitting on an obscene amount of company shares and what appears doing virtually nothing in return!! A great gig (if you can get it!)... does anyone know what, if anything the GX Drexhell Burnham junk bond Milken disciple/ alumni wizards (Kehler & Maselli) have done to facilitate meetings with corp. exec's, or opened doors or made introductions to their network(s)??? Have they done anything?? we certainly have not heard about anything..... would sincerely like to know....... here in 'mushroom-ville'
NCT
Advocate- I'd like to think my kids might be able to retire early also, but with the trajectory of th SP with this stock, they might be working into their 70's and 80's....(and swearing at me the whole time for not getting into the 'magical 7' S&P index stocks..... lol
Putz- good question! i was wondering the same...... hard to tell what they are up to sometimes/most times
Wagner- thanks for the Reuters article link re Perpetua, i found this statement interesting..
"The $1.8 billion loan figure is based on an EXIM formula tied to the number of construction, operation and reclamation jobs at the mine. The project was forecast in 2020 to cost $1.3 billion, a number expected to rise due to post-pandemic inflation". (note*** how they always blame the inflation on the pandemic, not on the 'drunk as a sailor spending on stim checks and paying people not to work, and all the other spending during and AFTER the pandemic....our gubment is a shameless buncha hosers eh?? :)
Also... just thinkin' out loud here......... maybe we (NB) should have asked for the total mine construction cost (which is greater than $800M), cuz i'm seeing some other big multi-billion dollar EXIM applications, i.e., Perpetua is asking for $1.8B
and it appears their application is expected to take 1 year, which is probably the time expectation that should have been set on NB's EXIM loan instead of the 6-9 month expectation statement made in our PR last year in March/April.......
It's TIME NB..... LET's GO!!!! YOU CAN DO THIS!!
PS....
Jim S., if you are reading this board i just want you to know that i vote for selling the company off for range $2.5- $4B, this is merger/acquisition season in the mining sector per news trending lately. You and management have gotten it this far... kudos.... now, let's let some Full Time outfit take this asset to production...... We (well probably most of us) would all be VERY happy with this arrangement and be able to spend lots more quality time with our families.... i don't think that you and Mark want to be working on a mine every day in your high 50'/60's, Sell it off and enjoy life...... Scott would probably want to stay on and oversee the mine construction, he would be a great asset to keep on the project, albeit with another company....... Thanks for hearing me out .... NCT / Yadddda
NCT
Skiluc- what is your prediction for Share Price upon getting EXIM financing and Stellantis offtake + Equity stake?
Thanks for the status/update TH!
Thanks for the status/update TH!
gosh Dutchfree- i might have missed that substantive lengthy article detailing NB's assets (2nd largest in NA) and their plan for fortifying the dire supply line logistics..... hmmmm
my sincere apologies......
pstttttttt
Yeah- agree.... they need to think out of the box now..... Maybe we need to call up our 'HLST' (high level strategy team) consisting of MaxZ and Skiluk (the GX SPAC cheerleaders) to do some complex strategizing... not sure if the lights are on in the 'War Room' in Centennial..... we just keep turning calendar pages and holding the shareholders off by saying we'll meet with them in April and reset the clock for 6-9 months, keep resetting the clock.....
NCT
WHY IS Niocorp NEVER mentioned in these articles? are we NOT the 2nd largest resource in NA? I'll bet the world would know all of this IF we published the FS in a timely manner and the institutional investor community and the mining industry would be aware of our impressive asset and processing technology...... but NOPE.... we are still stuck back at the Centennial Headquarters talking about 'maybe' mining Rare Earths and possibly and next quarter and 'as early as possible in 2024'..... REALLY!!! ?????? 2 yrs. after demo testing and we are STILL not finished and have SEVERAL MONTHS of TESTING remaining.... this is SO demoralizing to have a lamborghini in the garage and nobody knows how to drive the F'g thing.... and we can't show it off, so our stock hovers under .30 cents!!! (pre RS) !! Comon' NB Team.... market us..... let the world know.... and for God's sake give us timely and accurate status reports...... The NATIVES are getting restless as they have been fed dog food for far too long..... the time for 'imminent/any day now/this quarter/competitive tension' is NOW!! or JUST SELL the mine to a management TEAM that CAN execute!! These missteps (i.e., GX SPAC, Demo Testing delay, etc.... are costing us years delay when we should be in construction...... Look for a Buyer, the MP CEO (Jim Litinsky) seems to know how to run a tight ship... after all he resued Molycorp, and probably has another rescue in his bag...... it might be time to give him a call...... tell him we'll take $2B for the whole NB 'kit' n' kaboodle... all in', offer is good for 72 hours!! start the clock....
NCT
Putz- the Quoute was dated 4/3 in Jim's response to me, which i posted as a 3 part post yesterday....
I agree..... there goes that 'several more months' again......it's like a kick to the 'sub-assemblies' aka nutz........ argh and UGH!!
Big Kudos to Rader for proposing this to Jim S.- if we are eligible to recieve partial data from the FS prior to full release, BY ALL MEANS we should be privvy to this data, it would no doubt soften the blow of having to wait SEVERAL MORE MONTHS for the full FS release, that is, if we come up with funding necessary to release same..... We better hope to hell that we get the EXIM financing and that the dominos fall in place (regarding ancillary financing source(s) after that EXIM 'cornerstone' financing.... cuz that seems like the approach (and basket) that ALL of our eggs are in at present...... Unless someone can start a 'GO FUND ME' Page! :) :) lol....... and the beat goes on...... and on ...... and on............. and yaddddddda
NCT
Oh and one more thing...... For all the miscreant bashers out there that add NO VALUE to the board and sound pathetic with their rants every day..... It's ok to rant, but how about adding value thru research and information to the board, formulate conclusions based on data instead of looking goofy in just being a contrarian for the sake of trying to get on everyone's nerves and show them what a nuisance and parasite you are...... offer solutions, reach out to mgmt.... while i do rant... i do try to find answers instead of sounding like a BAD broken record.....
Thanks Chico for the very relevant and detailed questions/responses from JIM S.! I too find it UTTERLY AMAZING that they are still trying to scrape up financing for the FS and still have months of work to do in order to ready the FS for publishing, NOT TO MENTION (oh yeah, we forgot to tell you shareholders...) that we don't have the funding to publish the FS yet, and are trying to scrounge up the money JUST NOW- sory about that oversight...... WTF!!!!
AND the other point from JIM S. responses (to yours and mine) that blows my mind and wreaks of deception... is where he says (in my re paste below - that EXIM, even after a year in 'DAILY TALKS', has not made a determination if/whether the FS is needed to factor into the loan application!!!! HUH!! WHAT!!!???? That doesn't make sense at ALL and i believe we are being bamboozled and deceived on that one!! There is NO WAY that EXIM would not know absolutely DEFINIITIVELY... A YEAR LATER, whether they need the FS to complete the review process.... and if they do, and we don't have the money for the FS (and we STILL , incredibly, have months of work remaining to complete the FS, including (as Jim S . responded to me)- "we are now working to incorporate rare earths into our mineral reserve, complete the engineering required to support the new process design, update project capital and operating cost estimates, and produce other information required for an updated Feasibility Study. We expect this to be issued as early as possible in 2024, contingent upon raising the necessary funds to complete this work"....
Who's on first? is this convoluted enough for ya'll? these type of mgmt. responses are designed to incorporate enough legal weasel wording to appease the investor, but not provide the entire picture.... i believe that over the last few yrs. we are being fed table scraps and they are decieving shareholders (but walking a tightrope and not going over the legal edge)... which is all very cagey and borders on deception....
We still are very unclear on dependencies and timing of tasks..... and I'm quite sure we are all SUPRISED about the contingencies on the FS publishing 2 YEARS AFTER THE DEMO TESTING START!!! ARE YOU FUKKKING KIDDING ME!!!! STOP BLOWING SMOKE UP OUR A$$ES AND BE HONEST NB MGMT! WE UNDERSTAND YOU DROPPED A YUGE BALL WITH THE GX SPAC IMPLOSION, BUT PLEASE DON'T TRY TO MINIMIZE THAT EVENT BY TRYING TO LEAD US TO BELIEVE THAT IT WAS ALWAYS IN THE PLAN TO BE 2 YRS. OUT ON THE DEMO TESTING AND MONTHS TO GO ON FS TASKS...... AND THAT IT'S IN THE PLAN TO STILL NOT HAVE FINANCING FOR THE FS!!!! LOOKS LIKE (NOTWITHSTANDING ALL OF THE GOBBLEY GOOP DOUBLE SPEAK ) THAT WE ARE PUTTING ALL OF OUR EGGS IN THE EXIM BASKET (is there a pattern emerging here??? haven't we seen this pattern before?? (think 'imminent financing', 'competitive tension', 'it was too eary for this last investor who was accumulating assets and talks went on for years' and blah blah blah blah........
Does anyone else feel like we are in a spin, rinse, repeat cycle and there is a lot of high paid communication to shareholders to convince us that it's gonna happen next quarter, no actually within the next 2 quarters, no excuse us, it will be early next year, well, sorry again, it will be mid to late next year..... oh and PS..... we still don't have funds to perform the remaining tasks for the FS to be completed and published!! Does everyone understand all of that now!!??? clear as mud, right?? i'm sure it instills the HIGHEST LEVEL of CONFIDENCE in your NB Management Team..... UHM... NOPE!! it's quite deceptive and pathetic actually......
But HOPE springs ETERNAL, and it looks like we are praying at the EXIM / Gub'ment Alter, in the absence of anything else working out...... This better come in with our 'cornerstone' EXIM or it looks like we are back to square ONE and playing 'the porky the pig shuffle' to try and get our Lamborghini out of the garage and on the road........ Something doesn't seem right here..... but hey, let's give it another quarter or 2 or 3 or another year......Don't get me started..... oh wait.... it's too late!!! :( arghhhhh
Sorry for the rant, but GD it, investors have life savings tied up in this project, and they hang on manglement's words, as the only source of status....... We deserve the unvarnished/unadulterated TRUTH..... we could have been in many other investiment choices this entire time, i look at the 'S&P Magic 7 stocks and see their performance over the last couple years.... then i look at my NB investment...... and i want to cry and kick myself in the nutz..... BUT AGAIN...... HOPE SPRINGS ETERNAL!!! UGH
YADDDDDDDDDDDDDDDDDDDDDDDDDDDDDD----- AAAAAAAAAAAAAAAAAAAAA
Happy Sunday.... say your prayers.... we gonna need all of 'em it looks like!!
NCT
Email interaction w/ Jim S. (Part 3 of 3) Final Post on this interaction w J.S.
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NCT Question] Thanks again for your latest response Jim. At the risk of belaboring this, can you please clarify- are you saying that we are at a standstill (on the below red highlighted items) UNTIL we secure financing, which will enable NB to move forward with these items/tasks related to updating and issuing a FS?? OR are we still making progress wiith completing items listed below- despite not having financing to complete the FS update/reissue process? Not to split hairs, but this is a very critical distinction.
Also, can you please disclose how much financing is needed to complete the FS update/reissue process? And can you please provide a rough idea when you might reasonably expect to procure this financing? I guess what I am trying to discern is- are we able to move forward with any pre-finance tasks at this point, or are we not able to work on any part of the Elk Creek mining project until we receive financing necessary to move forward with the tasks mentioned below??
JS Response] “we are now working to incorporate rare earths into our mineral reserve, complete the engineering required to support the new process design, update project capital and operating cost estimates, and produce other information required for an updated Feasibility Study”
JS Response:]
Work is proceeding along on all aspects of the FS update. It will several million dollars to complete the FS, which we are working to raise now. As far as the timing of these things, I can’t provide you a specific date. We go as fast as funding allows, which is the case for all development mining companies at our stage. We have succeeded in raising more than $100M over the past 8 years to advance this project to where we are today, and investor interest is high, given its unique minerals, the geopolitical situation regarding those minerals, our relatively low permitting risk, and the fact that all of our proposed products are critical to both defense technologies and clean energy transition platforms.
Email interaction w/ Jim S. (Part 2 of 4)
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NCT QUESTION:] I must say that I am surprised to learn about the financing contingency (to issue the FS). I was under the impression that with possible shelf financing or financing from the GX SPAC, albeit much less than we expected- that financing was accounted for and covered- and the only remaining component would be the finalization of the technical piece, i.e., demo plant testing completion. However, it sounds like financing is wholly contingent/dependent on funds coming in from either (or both) EXIM and Stellantis before you can move forward on the issuance of the FS (which may or may not be a prereq. for Stellantis equity financing and/or offtake) …..…..Please correct me if this is NOT the case…
I must also say that all of these interdependencies/contingencies and prereq’s make this a very confusing equation….. but as we well know, NB shareholders are a very tolerant, patient and understanding lot indeed! And it would be an understatement to say that the aforementioned shareholders have gone thru a lot of bumps, turbulence and twisty roads during our ride with Niocorp….. but having said all that….hope STILL springs eternal…..
JS Response] 3/4/24: Advancing the project on almost any level requires funding, although not necessarily from EXIM or Stellantis. There are a number of options we are pursuing now to secure funding necessary for us to continue moving things forward.
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My email interaction with Jim Smith on March 4th 2024 (will break it up over the next 3 or 4 posts);; Here is 1 of 4:
NCT] Demo Plant:- Are all tasks completed in the Demo Plant that are required to update the FS?
JS] Yes.
NCT: Is there anything else needed to publish the FS? i.e., technical input from demo plant, or additional financing?
JS] As we outlined in our 2023 Year in Review Report (https://www.niocorp.com/niocorp-issues-2023-year-in-review-report/), we are now working to incorporate rare earths into our mineral reserve, complete the engineering required to support the new process design, update project capital and operating cost estimates, and produce other information required for an updated Feasibility Study. We expect this to be issued as early as possible in 2024, contingent upon raising the necessary funds to complete this work.
NCT] is the FS (completion) a gating factor for either EXIM financing approval or Stellantis Equity investment and offtake?
JS]- EXIM has not yet made a determination on this point.
NCT] Please elaborate on any outstanding prerequisite items/tasks necessary to:
a. procure financing approval from EXIM.
JS] We need to complete the current due diligence reviews and other steps required by EXIM’s process, including gaining approval from the bank’s two remaining Transaction Review Committee reviews and by the Bank’s Board of Directors.
b. to procure offtake and equity financing from Stellantis Completion of current negotiations and execution of required legal agreements.
NCT] Lastly, can you provide any status on dates for EXIM financing approval (decision) and Stellantis offtake and Equity financing?
JS] Not at this time.
douginil- This was from my interaction w/ Jim S a few weeks back (early March), he didnt really tell me anything new but did say that they were trying to get financing together , and i was wondering why that was not being made clear to investors and why just now the financing for the FS, especially IF the FS is a prerequisite for other financing, ...... I will dig up the interaction and post it here when i get time.... NCT
Gman- I remember you recently posting an article about a company that got a hefty gub'ment loan and it had virtually no effect on the SP! this is worrisome...... do you think that was more attibutable to
a.) the company (that received the Gov loan had other issues holding the SP back even after the financing
or
b.) we are in a period where the price of Crit min's and REE's is at lows (with possible pricing movement in 2nd half of this year???)
Note: As convoluted and conciliatory as this may sound- I am wondering if it is not a blessing in disguise that the financing (EXIM and/or Stellantis) does NOT come during this period of low CEE/RE prices (as stated above) and may be a better time in the near future to get the financing with the possible resurgence in metal/mineral pricing, with the geopolitical x factor of tension betwn US and CCP triggered by Taiwan US involvement (troops on border build up) and the polling going in Trump's direction, which will inevitably ignite more trade friction if he (DJT) is elected, because he will call out CCP on the unfair trade practices, IP theft, Fentanol. etc.......
would be interested in getting any thoughts on this.....
Yadddda-
NCT