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The chart tells you all you need to know. They never lie.
They must be resting in coffins. Stock has dropped off a cliff, management has stopped all CC with shareholders, no more Nebraska pot luck dinners, plus a merger that has to be the worst in mining history.What's not to love.
I am actually more stunned on the performance of IBC than anything. That is a royal screwup and the recent OSHA violations could the final nail in the coffin if they get sued into oblivion.
Exactly, do not engage on both sides.Everyone has a right to post but the ignore button is your best friend. Nice follow thru this morning but the day is young. Staying above 5 should be the hope for investors. We need a new springboard for if and when the company decides to release a huge PR.
Thanks. Nice perspective.
He also watched the show Silicon Valley. Some of his terms were used on the show years back.
What do you see that will propel us to those levels? Love to see a new base forming in the 5 dollar range but the trading is so uneven that it is tough to get a read. I do not know how big traders carry a heavy long or short playing the overall market. You need plenty of capital to ride some of these waves. Do not hear much of day traders anymore. They used to dominate the headlines years back but the swings were brutal and many got wiped out. You biggest weapon is information. I knew guys that were in GS morning calls and what they liked or disliked. That would be a nice ticket to have.
The NAS made a big upswing on the FED news. I believe LWLG for once is jumping on the bandwagon.
I also stated he would be back within a week. That was an easy prediction.
My first purchases of Niocorp were around the 33 to 36 range back in the 2010 range(?). It was Quantum Rare Earth at the time and I found it on the net. Eric Boling from Fox News was bullish on minerals and liked what he heard about the mine. It was someone's property at the time. I made contact with Shawn Westcott and he kept me informed. The stock drifted lower and I managed to buy all the way down to 10 cents. Sat for a few years and I got disgusted and sold it. Got back in months later because of Shawn(grateful) and then told Walter about it. We were in Lightwave Logic together and passed along stock we thought had promise.
Mark Smith came in eventually and the stock got life. I had told them to change the name of the company because Quantum did not sound like a good name for the project. Eventually they did to Niocorp. I told hundreds about the project and a percentage bought in. The rest is what it is. My doubts crept in May 2020 after the California appraisal provided nothing in return. Was told Covid would not be a problem. Financing was imminent(wrong).No government help(wrong). Had no idea they would merge with a SPAC as slimy as GX.R/S never in the cards (wrong). Told my crew and people here that you should sell either all or a portion of your holdings because these mergers are usually a bad thing. GX last SPAC is a total disaster. Now we rest in the abyss and the people who gave you warnings are the bad guys. I was not a fan of LPC years back but he has been right. Scooter and Truth gave valuable insight and were dead on. It is what it is.
On the plus side, Chico has provided a ton of important info as well as a few others. Hats off to them.
I am now long 15,000 shares post merger where once I held over 1.3 million shares pre-merger back in the day.
I should have said NAS. They were better off on the OTC.
I am the poster that introduced Walter and a few others on this board to Niocorp. Without Walter and the Belgians, Niocorp would be dead by now. They probably wish I had never heard of the company. You are the poster attended a few AGM's with Todd and Crit. Ask Todd if I am on the level.
I decided not to hang onto the Titantic as it went nose dived into the water. Gave it a long leash but they hit the iceberg thru ineptness and I jumped into a life boat. Do you expect anyone who buys a stock to hang on to the bitter end. I believe the dust would settle between 4.5-5. I averaged 20,000 shares at these levels. It looks like I was wrong. Everyone makes mistakes. Niocorp buried their own shareholders by using Yorkville to keep the bills paid. Bad mistake.
I do not care who trusts me or does not trust me. I have made friends investing here but they do not post. We have our own conversations. If the company survives by getting financing that would be wonderful. If not, hope someone will buy the project and you somehow get your money back.
Of course I do. Problem is that trade is not working out. Are you some kind of stupid.
I bought 10k ave 5.12
I bought 10k average 4.00
Sold 5k 3.13
Hold 15 k left.
At least I am honest.
Where did you buy your stock.
I do not use the TSX . My outlet is the OTC and my positions are American based. You are Canadian, I am American. The two exchanges feed off each other as the TSX is still the primary. You put your order on the OTC and the MM will hit the TSX bid to hedge his trade. This has been going on since Niocorp has been listed on the TSX. The bid on the TSX was a fake bid therefore my trade was not executed on the OTC. I cannot access the TSX exchange unless I call the trade in to TD Ameritrade and the commission is larger and sometimes cannot be completed for minutes.
Daft, I think not. The TSX exchange is a joke. That is the problem.
Not sure what you mean. I sold our entire position pre-merger because I saw the handwriting on the wall with GX and the r/s. Notified my crew and posters to get out. I could have been dead wrong but I was not. Decided to buy a fraction back just for a trading opportunity but have been wrong on that account. Have sold off 25% of the position for a realized loss and am underwater on the 75% left. That is called life. The stock has broken ground to new lows. It is a POS.
I have zero idea whether either part will come true. That is up to to the stellar management team at Niocorp. The last I saw, they get paid handsomely to run the company. I do not see why you go after posters that have a negative opinion of the company when it is the company that put us in this situation. Mark was getting close to 900k to one million dollars a year and he failed in his sole duty to acquire financing starting close to six years ago. He should get credit when the compnay delivers but the blame when it falters. That is the name of the game.
What is so hard to understand Putz. Stock was 4.18 cents bid on the TSX for 3900 shares. I put the equivalent amount of shares on the OTC at the price of 3.07. That should have triggered the sale at 4.18. Except the bid disappeared immediately . That is some top notch exchange.
It is paradise not paradice.
You need to find another avenue of entertainment.
Went to hit the 4.18 bid on the TSX a few minutes ago. Bid was for 3900 shares. Disappeared in a second without a fill.
Niocorp- shitty company
TSX -shitty exchange
That we can agree on.
That Theralase pick you gave to some was a real winner.At least Nio tripled in price 3x from where I told you to buy it. You needed someone to hold your hand to tell you where to buy it and where to sell it. What a schmuck.
I posted this early in the morning and was tired. I was lucky to find 3 pro's.
Do you think the inability of management to perform their tasks had anything to do with my change of heart. I put a lot of investors into the stock and that started way before most of you knew about Niocorp. I recommended it for many years and bought a lot myself. When it started to go downhill, I told everyone to close their positions even for losses. We were being led down a different road. I cannot help people like yourself that had the deer in the headlights attitude. Do not blame posters that noticed things were not kosher at headquarters. You have ridden the elevator down to the ground floor while having the opportunity to get off many times. As Avon Barksdale told Stringer bell,"that is on you". AO, your source of dissatisfaction should be with Mark Smith, not posters on a message board.
LPC, since you and Scooter have the best information regarding the merger, can you tell the board how much GX(sponsors+shareholders) delivered to Niocorp and what they received in return.
My simple math is approx. 15.6 million in capital from their base. Also they paid 25,000 in sponsor fees at the start up. In return Kehler and his crew were entitled to a little over 8 million shares in stock that can be converted . The restrictions come off March 2024. Is that close or is there something I missed. They also received 2 BOD seats and will collect money from Niocorp for participating in meetings.
The fund in NYC that did the 2 million placement at 6.36 a share got steamrolled as well. I still cannot comprehend why they participated in doing so knowing that Yorkville was going to drive the price into the ground. Were they gullible or did they short the stock before buying. Nothing seems to add up with Niocorp.
Pros:
1)EX-IM possible finance deal
2)Stellantis possible equity financing
3)Possible Japanese buyout from Sumitomo down the road
Cons:
1) Management was misled by their debt partner and passed on this belief of imminent financing to a gullible shareholder base.
2) Quarterlies not filed on time. Bad look for the company
3)AGM pushed out to 2024. Terrible look as well
4)SPAC Merger presently looks like one of the worst deals in mining history. Incessant clapping on ringing the bell while knowing they got played by GX. That was a horrible look as well.
5)Shareholder base has been decimated from a price and share holding. Handed away over 20% of the company to a SPAC outfit with horrendous credentials. There was a severe lack of DD before proceeding with the merger. No excuse for that. Mark should have stepped down for this alone. He might be forced to in the near future unless they can deliver a home run.
6)Demo plant results a year late and FS is sometime in the future. They need some cash to complete that. I am sure Yorkville is keeping the lights on and just paying salary. An absolute disgrace.
7)BOD member enters and exits quickly. Fenga knew to get away from this.
8)Unless they can deliver the goods , the stock price could drop back under 2 quickly. I have seen companies have to do multiple r/s to keep on NAS but the initial investors in the company will get wiped out unless they sell before the drop.
The current price reflects a company that was relying on a lender that took a better look at what they were getting into and was advised by their bankers and others to pass on the project unless there were other backers. Mark had no other lenders to turn to but that is not the impression his shareholder base was aware of.We were told multiple parties were ready to step in. They either piled out the side exit or never existed. This is called hell on earth for the present day shareholder. Stock price has dropped a to a level that you cannot sell for fear they receive good news but if the loan from the government does not come to fruition, this price will head under a dollar very easily. Brutal decisions to make and this should have never happened. How they had the gall to give themselves raises and bonuses is a slap in the face no matter what the company does in the future.
Early 2024 should be the where we see what finally happens. EX-IM or bust.
Very informative post. Thanks
I would consider NB a semi that jackknifed off a ramp and toppled into the street below. CELU is a semi that went off a mountain pass in Tibet and is gone forever. Looking at Kehler's previous stock dealings. Made a fortune on GX while most everyone else got taken to the cleaners. The El Loco stock he did quite well and sold a big chunk at the top. What impressive timing. CELU is a disaster.
Whatever these vipers get their hands on, there is some serious bad karma. At the AGM they should ask Mark what was the reason for partnering with GX. Who led you down this path into the abyss.This was possibly the worst deal in mining history and investors here can say they were a part of it.
I would hazard a guess that Jim's involvement in DC was the EX-IM introduction. Stellantis was either Mark or Kehler. If it was Dean, then what value is Mark to the company now. His job was to produce financing and so far a zero. The failure of Lender A to come through is why we are sitting at yearly lows. Be nice if anyone could chime in on why after spending over 110 million to set up a funding arm, they turned their back on Nio after giving assurances they would be there. There was a major disconnect along the way and it was not Covid.
He did not respond to my email and I understand they are not returning correspondence with media.
In the end, it all comes down to Mark as they worship the ground he walks on. Let us see what he has to say on the 19th.
There is still a chance they can pull this off but so far Mark and his team have run the stock price into the ground with some very questionable moves. Plain and simple, they were blindsided by the redeems at merger time. A lot of soul searching out in Colorado after that debacle. To make things better, they gave out raises and bonuses. And to date no one has had to answer for the mismanagement. Ms. Fenga could not leave quick enough after her free trip to NYC.
I have been around this stock as long as anyone here and have never been short. Where do you draw up these absurdities. Just because I question the management of this company does not make you a short. X must have implanted a computer chip in your brain and you have been programmed to obey the will of the exalted Dr. Lebby.
Get rid of the chip and start thinking for yourself. Too many sheeple all over this great country. I bet you watch the View every morning to get your political direction.
Who cares about the shorts. This is what happens when a stock has gotten destroyed and shareholders focus on the wrong thing. Just hope Lebby does not turn out to be Zelibor of Marcelli. They were horrendous.
Can you tell me what GX brought to the table for Niocorp and why we did the merger with them? They have zero experience in the mining industry. They were on the verge of closing in March and had zero leverage in a merger pact. Having said that, they made out like bandits in the deal and the retail shareholder base was destroyed. Who put us in that position and why do they still hold a position on the BOD or management.
The office in Tecumseh is vacant from what I understand, questions from local outlets are not being answered and shareholder questions to Jim have gone silent. Yet some posters think this has been a great year. It has been an unmitigated disaster plain and simple. You cannot spin it. Let's see if they have the guts to answer the tough questions at the next AGM.
If people think this is a home run in the making, I am sure this is a buying opportunity of a lifetime. However I think everyone is praying instead of grabbing more shares.
I am looking at the one year chart and it is gruesome. To award yourself a raise and bonus is mind boggling. Honesty and integrity were the staples of management or at least they told shareholders as much. There is no shame anymore.
Still wondering where that pump and dump last week came from.
You never answered my question so I am assuming you were. Looks like you went to the Supreme Court trying to get it dropped.
If you write to IR, they should help getting an answer to your questions. I long for the days of Cordavano who would give you a generic answer and then try to sell you on his company or whatever he was promoting.
I remember that. Didn't they head for Colorado soon after your break in.
Hopefully they can get this problem fixed at Gunnison. The stock price is very cheap at the moment due to the uncertainty of what is going to happen. I have been nibbling these past few weeks but will not commit to a large position. That is due to the fact that everything I buy now goes to ****. Owning highly speculative stocks in a high interest environment has cost investors a lot of money this year.
Then why do you need to post incessantly on a daily basis to make yourself feel better about the investment. You bashed TP for questioning the company as was his right. Now you have taken over his spot for most annoying poster.If I did not have any concerns about the company, I would not waste my time here. However I do have some questions so I stay active here. 100% love the tech team and the science but my concern is if they can bring it together from a business standpoint. Every CEO of LWLG was replaced and now we have Lebby with a track record of running companies from a private side. I am not sure if he was successful or not. They seemed to have closed shop.
X, not a knock on you as your info is second to none here. However you tend to have a following that regard you as a cult figure. Great info but your timelines have been about as good as end of the world yo-yo's who are never right. You need to step back as well as TP and enjoy what could transpire down the road.
They should do a bell ringing at the end of the year to celebrate how fast they destroyed shareholder value. It seems to be something they are good at.
The stock stinks plain and simple. The run up on huge volume and subsequent drop was a prime example. Why you follow any of these pumpers is beyond me. If you are not buying or just holding, leave the board and wait for news from the company. No one has a clue where this thing is going or when news will appear. The company track record on timelines is a disgrace. Just sit back, stop complaining after you get yourself all worked up, and enjoy life.
Do I think the company will deliver. Yes I do but it could be years from now. I have no earthly idea.
Man did it get super crazy this morning.
Which series are you focused on? Amazing the marks I get after each close on certain strikes. They drop the bids to zero and you get marked in between the quotes.Absolute disgrace how they do this but no one cares.