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We know what percentage Kehler and Bloom own directly at just under 20%. How much do you think they control indirectly through their other associates and connections? It wouldn’t take much of a stretch for them to accomplish.
I could see them throw out an offer of $250-300 million. Enough shareholders that are fed up with being in this stock that would hop on board and walk away from the daily torture. They wouldn’t need much to pull a majority vote. Hell, look at how many of us voted for the SPAC, myself included, because we were told it would benefit us!
The $800 million won’t raise the share price if Mark, the insiders and BOD take the company private. I don’t know why your brain is incapable of reason.
That is a fact 🙄
Yes, you’re an idiot. Yes, everyone on the board is aware of that.
It doesn’t matter if the company is public or private to take the loan 🤪
How did applying for the loan help shareholders?!?!
Imagine if you will, if management and the BOD (Kehler and Masselli) were to force the sale of the company to a private shell company.
Niocorp goes private, the FS gets completed, EXIM funds the project and retail investors end up with pennies on the dollar? 🤔
Mark and his veteran team are supposed to be the cream of the crop in the mining sector. Kehler, Masselli and Bloom are supposed to be veteran investors in the financial sector. Do you really think they are that incompetent to continue making disasterous decisions together that lead to the plummeting share price?
It appears to me that Niocorp management and the BOD are making decisions that are intentionally designed to destroy the share price. The question is, why?
How can such a group of mining veterans make such disastrous decisions and be so incompetent?
Their CEO and board of directors grade is $300 million times better than ours. It’s good to see a CEO and BOD decline a bad deal instead of embrace it like Niocorp did. Our share price is a reflection of Niocorp management and the BODs incompetence.
We could have saved over $300 million in market cap loss by switching CEOs.
“However, the board is mindful of the significant potential of Halleck Creek, and the need to maximise returns to shareholders, while minimising dilution and has declined to advance at this time.”
https://www.proactiveinvestors.com/companies/news/1046178/american-rare-earths-knocks-back-halleck-creek-rare-earth-project-acquisition-proposal-1046178.html
What?!?! A SPAC wanting to invest $400 million!!!
Leave it to Mark Smith and his band of idiots to merge with GXII that actually cost shareholders $5 million net cost and now over $300 million in market cap loss. Not to mention that Dean Kehler and Jay Bloom now own just under 20% of the company.
Thanks for the fist f*@cking Mark!!!
The $300+ and growing market cap loss question is “WHO IN THE F*@K INTRODUCED MARK TO GXII!!!” I’d like to shake their hand and kick them in the crotch!!!
Mark Smith never fails to disappoint.
Only 50% is tied to ThyssenKrupp. CMC Cometals had signed an agreement for 25%, but they’ve been bought out since. The other 25% has not been locked in by anyone else yet
The GXII SPAC deal with Niocorp was absolutely horrendous, but the GX SPAC deal with Celularity hasn’t gone very well either. They have had two reverse splits and lawsuits are piling up. It appears the company breached their fiduciary duties to shareholders. It’s starting to sound familiar 🤔
https://www.marketwatch.com/press-release/kuehn-law-encourages-long-term-investors-of-celularity-inc-to-contact-law-firm-0f428d8d
Come on now, this is the best opportunity in over a decade!!! The institutional investors are soooooo stupid for not buying in at this level. What a bunch of idiots. I’m opening my wallet to buy some more today
How about this amazing buying opportunity today!!! Wow, don’t let this rare opportunity go unnoticed!
There were several homes destroyed, not hundreds. There were hundreds of homes damaged. Break open a dictionary and figure out the meaning of destroyed and damaged. There was not a single reported fatality in Nebraska.
https://www.cbsnews.com/amp/news/tornadoes-hit-nebraska-severe-storms-tear-across-midwest/
Three, count them, one…..two……three people were injured at Garner Industries.
https://www.1011now.com/2024/04/26/northeast-lincoln-building-collapses-storm-rolls-through/
In the words of AO, you’re the definition of misinformation.
ADHD, it’s not a personal attack or bullying when someone calls you out on the BS or critical of Niocorp management’s horrendous business practices and incompetence. It sounds like you are coming to terms with this realization.
Niocorp management really screwed over investors with the SPAC deal. That’s not an opinion, it’s a fact. We received 1 share every 10 shares we had, have had over $300 million in market cap loss and gave nearly 20% of the company to the SPAC sponsors. Mark, Niocorp management and the BOD need to answer for this gross negligence.
ADHD, what is there to discuss? You buy every excuse that Mark and Niocorp management spew. There’s no excuse for his complete failure and lack of leadership with the SPAC deal. There’s a reason that institutional ownership is less than 5%.
No, but Niocorp management and you will likely use the inclement weather Nebraska had last night for further delays in financing. For the love of God, everything is one excuse after another.
Mercury is in retrograde, so there will be a delay in financing. San Francisco 49rs list the superbowl, so there will be a delay in financing. US fertility rate dropped to lowest in a century as births dipped in 2023, so there will be a delay in financing. Mathew Perry dead at 54, so there will be a delay in financing. Hamas attacks Israel; Israel attacks Gaza, so there will be a delay in financing. A Chinese spy balloon wafted across the US, so there will be a delay in financing. Yadda, yadda, yadda, yadda……blah, blah, blah.
Get it through your head, Mark and his team are to blame for the plummeting share price. We are all paying the cost of their incompetence. When I first started investing in Niocorp I bought into the story. People have become numb from a decade of hearing excuses after excuses. You need you pull your head out from the clouds.
STFU already! I personally know someone that works at Garner Industries (the building you’re blabbering about). Part of the building was damaged. It did not take out the entire facility. Three people there had minor injuries.
There were a few dozen homes that were a complete loss in Nebraska. There were no fatalities. You’re like a CNN reporter who exaggerates everything to fit the narrative and agenda they’re pushing.
You’re a special kind of stupid if you think anyone on this message board has ANYTHING to do with the share price.
The share price is where it is because of the disastrous performance of Niocorp management over the past several years. The reverse split and the subsequent failure to obtain financing from the SPAC has been the final blow for many investors. You can continue to be ignorant, but any other investor knows why we are trading at historic lows. It has zero to do with what LCP, monocle, ABADHD or any other investor posts. Institutional investors don’t give a f@*k what any poster on this board has to say, especially the garble that you spew.
Get it through your feeble brain. The incompetence of management is the cause of declining share price.
Yes, tornados are bad, but you are exaggerating quite a bit. There were no fatalities and only minor injuries. There were 40-50 homes destroyed NOT hundreds as you claim. You're getting to be as bad as AO with his dishonesty.
https://time.com/6971762/tornado-nebraska-iowa-injuries-damages-midwest-storms/
You're pathetic
Your ignorance is obvious. The share price is a reflection of Mark’s incompetence and nothing less. FYI, there’s not a single reported fatality in Nebraska from the tornados. You’re spreading lies and disinformation as usual. So pathetic
What were the tough questions that were raised to Mark during your Belgian red carpet party? Did anyone ask him why he gave the GX goons (Kehler/Boom) just under 20% of the company for nothing in return except a $5 million dollar net deficit and a $300 million dollar loss of market cap? Did anyone ask where the hell the third FS is?
Did I say there was a tornado that touched down in Elk Creek?!?! I understand that you’re not all there upstairs and have a hard time understanding sarcasm.
Niocorp management uses every excuse possible for their failure to obtain financing and you buy it. Hell, I’m sure the earthquakes in Taiwan yesterday will be an excuse for delay of financing. I’m sure the moon phase has something to do with Niocorp management’s continuing failure to deliver.
Nice, now Niocorp management will have a new excuse as to why financing is delayed. They seem to take any event as the cause of their inability to get financing.
Nice, now Niocorp management will have a new excuse as to why financing is delayed. They seem to take any event as the cause of their inability to get financing.
The current administration would move the Niocorp ore body to China if they could. That political party has talked out of the sides of their mouths for decades. They talk about making the USA prosperous and building back better, but then impose laws, regulations and policies to make it impossible to do business here.
We develop technologies using our best and brightest engineers and scientists and then they give that technology to foreign governments. It’s sickening how people continue to be complacent about it and continue to vote the same people in office over and over again. The communist party has infiltrated our country under the guise of liberalism.
NO, I mean 1,000. There has been two reverse splits with the first GX SPAC that they (Kepler/Bloom) had with Celularity. It’s not very complicated math.
Here’s the math:
100,000/10 = 10,000
10,000/10 = 1,000
If we drop below $1.00 like Celularity did, we will need to have another reverse split to stay on NASDAQ.
I want to know why the fak Mark convinced us all to vote for this merger when he had doubts about it from the beginning, except he never expressed those doubts until AFTER the merger!!!
Eh, Mark Smith partnered with the GXII scoundrels (Kehler/Bloom) and that didn’t work out too well. We have lost $300 million in market cap since that “partnership”. Mark has established that he doesn’t make good partnerships.
What were the tough questions that were raised to Mark during your Belgian red carpet party? Did anyone ask him why he gave the GX goons (Kehler/Boom) just under 20% of the company for nothing in return except a $5 million dollar net deficit and a $300 million dollar loss of market cap?
Looking at how the last GX (Kehler/Bloom) merger before Niocorp has gone with Celularity, I wouldn’t hold your breath.
Since merging with GX (Kehler/Boom), they have had two 1 for 10 reverse splits. Investors who held 100,0000 shares of stock, now hold a mere 1,000 shares and have pennies on the dollar of their original holdings.
There needs to be an investigation into the GX connection, Yorkville, Lind and the boys from Centennial.
If this ship is going down, there will be some others who will be going along for the journey and I’ll see to that.
I can’t believe that the Belgians never grilled Mark as to why he gave the scoundrels of GXII (Kehler and Bloom) 20% ownership of Niocorp for bringing nothing to Niocorp, except a $5 million dollar debt and $300 million market cap loss. Did GXII have some dirt on the Niocorp boys? 🤔
I don’t think the shareholders in Nebraska would have been as passive as the Belgians. Niocorp used to hold town halls in Nebraska once a year or more. Why are they avoiding the one group of retail shareholders where the mine is actually located? 🤔
Niocorp management and some of the handful of posters here seem to think we have all the time in the world. We can not buy time, we can not get more time. This mine should have been financed 8 years ago when the first feasibility study was completed.
https://www.innovationnewsnetwork.com/scandium-the-element-that-could-revolutionise-clean-energy/46529/
Mark is a failure at being a businessman. He was manipulated by some Wall Street goons to give up nearly 20% of the company for absolutely nothing in return. That is a fact that should piss every investor off.
I hope they have a town hall in Nebraska soon. I will make sure I get to that one if at all possible. There’s a reason they have been avoiding the area. Pretty interesting that they keep going to Belgium, but avoid the one place the resource and the proposed mine is.
He will not address any issues that conflict with his delusions.
You could do everyone else here a solid favor and follow him.
I’ve been invested going on 11, right before Peter Dicke stepped down. The only people that have driven the price down reside in an office located at 7000 South Yosemite Street, Suite 115. Centennial, CO 80112.
There are no boogeymen out here driving the price down and reaping massive gains. There’s absolutely nothing to substantiate any claims of that.
The company is trading below decade lows because of the constant mismanagement and blunders made by Niocorp management. I believed in these guys for many years, but the past 2-3 years have been very eye opening. The constant toxic financing has caused massive damage to the share price. The final straw to myself and many investors was the awful deal they made with GXII. This was not a move of veteran players in the mining and business world. This was a move that even a rookie team of businessmen would not have made.
You say you have no problem waiting another year. What about 2, 3, 4, 5……or another decade? Many investors have had enough of the delays, mistakes, incompetence and moved on.
I’m holding my shares and hope this ends up being a good investment. I certainly won’t see the gains realized that were anticipated with this project. Worst case, I figure if this is a complete bust, I’ll be able to reduce my taxable income for several years.
Sounds like Mark and the team deserve a several million dollar package of raises and bonuses this year. I don’t want to hear any of you simpletons complain about it. You don’t understand the mining industry.
Just keep buying the stock, invest in the private placements and don’t ask stupid questions about why we don’t have financing, why the third feasibility study isn’t completed yet or what is going on with the Stellantis deal that was supposed to be announced months ago. Let management give their pitch and either invest more money or shut up.
If we are to raise 400 million dollars in debt, the share price will need to be well above $10 ($1 pre reverse split) or we will be severely diluted.