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P.M. Post 47743 If true that MS is visiting, interesting! Metalysis. Powdered metal powder alloy casting? (I have not even looked at the price of Niocorp yet! Doing now. )
From their website:
"In Q4, 2018, the Company successfully produced both of its intended Gen4 launch products: Titanium family alloys and an aluminium-scandium master alloy. Achieving this within the plant’s first quarter of commercial operation has demonstrated the flexibility Metalysis’ technology has in producing, and switching between multiple periodic table elements to generate demand driven, advanced alloys on a Just-in-Time basis."
and
Case study
Metalysis’ first major licensing agreement was struck in February, 2014, with Iluka Resources; an international mineral sands resource company which leads in the exploration, project development, operations and marketing of mineral sands products.
Metalysis
Mining & Metals
51-200 employees
Privately Held (Privately held.....)
--------------------------------------------------------------------
Tired of waiting for the Ames lab to do more research on Scandium alloys? (How would this relate to Iaalf, Advanced Alloys?)
Double D; (Antler,NEGoodlife, Boilermaker, NE posters) "Smoke from the burning in the Flint Hills"
Better to do it in Springtime when the humidity is high than let it sit and become a major prairie fire in July-August! Some praire grasses require fire for their seeds to properly germinate, and it is, after all for the Buffalo! (You do like buffalo burgers?) If its still a problem take it up with the folks in Manhatten!
You incautiously mentioned The Flint hills which is causing this Geology slide (Consider it background on a NE mining stock!)
***IF INTERESTED You can read about the geology here! There is a good Map of the area!*** (If not, go to next post)
University of Nebraska - LincolnDigitalCommons@University of Nebraska - LincolnPapers in the Earth and Atmospheric SciencesEarth and Atmospheric Sciences, Department of10-2015Post-Mississippian tectonic evolution of theNemaha Tectonic Zone and Midcontinent RiftSystem, SE Nebraska and N Kansas
http://digitalcommons.unl.edu/cgi/viewcontent.cgi?article=1471&context=geosciencefacpub
Johnson Co NE: (See the map in the link) Sits just below the southern terminus of the Mid Continent Rift N.American was splitting along this line...the magma cooled and formed a giant "Suture". A fault called the Union fault borders this feature. The County sits pretty much on the Humboldt fault system, and at the Northern Terminus of the Nemaha uplift/fracture zone. The uplift zone resulted in the Flint Hills.
Figure 1 shows the faults, Figure 12 would probably provide a north south stratigraphy of SE NE.
------------------------------
another resorce:
http://www.searchanddiscovery.com/pdfz/documents/2003/mcbee/images/mcbee.pdf.html (mostly about exploration for Oil)
Page 2 has a map that shows this zone and the Midcountinent rift system
A structure called the "Central Plains megashear happens right over Johnson County,
Somewhere is this the story about the earth exuding some REEs up under what are now Farmers fields in NE; (Wheat? Corn? Soybeans?)
BCOmaha; Thanks for your information post 47724! Helps to make sense of this. Hope that Jim is able to reply to your email. (See MaxzM plausable answer.)
A straightforward explanation along with a Filing and shareholders would not have to sort through old filings to try and figure out what is going on!
(Off to take a walk. The trees and flower are blossoming here! (Estrn KS.)
Dutchfree; Hope you get a chance to exercise those warrants!
MaxzMillonz
Your post;
"I’m fairly sure I’ve finally figured this out. Deregistering these Warrants and shares is just part of the process of removing restrictions on them so they can be easily transferred from the Canadian brokerage Compushares to the investors own brokerage. It will also make it easier to sell the stock or execute the warrants if applicable. Nothing goes away it just removes restrictions."
And that is a reasonable and satisfactory answer and more likely to be correct than my # 3 situation. (required to be retired) It is certainly more correct than my First #4 and Second #4 !!
(44...I have $.44 US on the brain...Niocorp has been stuck on this price for what? Several weeks?)
(Hypothetical Situation 3 would be much more interesting though! )
NEGoodlife; (A.O. Landmark here is the filing to which it refers:
For the 9/27/2017 filing see:
https://www.sec.gov/Archives/edgar/data/1512228/000161577417005362/0001615774-17-005362-index.htm
(Summarization) Lists
Warrents issued in conjuction with 3 private placements 2,962,500 shares each placement, exercisable at $.79 per share,
Warrents issued in conjuction with 2 placements with Mackie for 195,562 shares each placement at $.79 per share.
Warrants issued to Lind 260.483 shares excercisable at $.73 per share.
(Refer to the filing to verify the correct amnts! Typos possible!)
I did not see any expiration date... anyone know? Or want to track the information for these private placements? If they were not supposed to expire for another 2 years it would be interesting!
M.M. totally Hypothetical, pure speculation. (I HAVE HAD NO CONTACT W J.Sims or NIOCORP. Last email to J. Sims was unanswered.)
1) I would say that a P.P. occurred with warrants that supersede these warrants, BUT I assume that IF that occurred it would have to be disclosed at the same time? It wasn't... (Not up on Cdn. securities law) so, probably not, so:
2) That these companies are parties to or part of a consortium providing funding and as a requirement for Debt Financing It was arranged that they relinquish their warrant holdings? But why not hold on to them and do additional funding? So if not:
3) That a non related Financier or Financing Consortium will Fund the project,and required as a part of the financing that Niocorp use financing proceeds to buy out and retire the warrants. (A liability on the books.) Funding close?
4) Bankrupt and readying for court???? (Ah Ah...Nah..NO! :)
4) (Your guess here!)
I think we will hear something either way shortly. (Again. Do your D.D. This is purely speculative board chatter trying to figure out what everyone wants to know!)
Bernice; (Monocle, A.O. P.M, Lndmrk,Antler, All;
There was news last night. 19,066,214 in Warrents exercisable at $.79 (Cnd) ($15.06 M) are considered to have expired on the date of this amendment. Good news for share owners as I read it. (A decrease in the number of fully diluted shares? see Share Structure at Niocorp website. )
(Might be worth a dive in to original documents to determine if these were shares originally issued to members of managment. Anyone?)
Salient paragraph:
"As a result of this deregistration, no securities remain registered for resale pursuant to the Registration Statement."
(Why excercise a warrent at $0.79 when you can buy it at what....$.60 Cdn? (or $.43 US).
----------------------------------------------------------
Full filing:
"Post effective amendment to registration statement"
Friday April 5, 2019, 4:19 pm"
TERMINATION OF REGISTRATION STATEMENT AND
DEREGISTRATION OF SECURITIES
On September 27, 2017, NioCorp Developments Ltd., a British Columbia corporation (the “Company”), filed a registration statement on Form S-1, Registration No. 333-220648 (as amended from time to time, the “Registration Statement”) with the Securities and Exchange Commission (the “SEC”). The Registration Statement was declared effective on October 20, 2017.
The Registration Statement registered for resale by certain selling shareholders up to (i) 2,962,500 common shares, without par value, of the Company (“Common Shares”), (ii) 2,962,500 Common Share purchase warrants, exercisable at C$0.79 per Common Share (the “Selling Shareholder Warrants”), (iii) 2,962,500 Common Shares issuable upon exercise of the Selling Shareholder Warrants, (iv) 192,562 Common Share purchase warrants, exercisable at C$0.79 per Common Share (the “Compensation Warrants” and, together with the Selling Shareholder Warrants, the “Warrants”), (v) 192,562 Common Shares issuable upon exercise of the Compensation Warrants, and (vi) 260,483 Common Shares issuable upon exercise of Common Share purchase warrants, exercisable at C$0.73 per Common Share. The Common Shares and the Warrants were issued by the Company to such selling shareholders in private transactions.
The Company has no further obligation to maintain effectiveness of the Registration Statement. In accordance with an undertaking made by the Company in the Registration Statement to remove by means of a post-effective amendment any securities that remain unsold at the termination of the offering, this Post-Effective Amendment No. 1 is being filed to terminate the effectiveness of the Registration Statement and to remove from registration all securities registered but not sold under the Registration Statement. As a result of this deregistration, no securities remain registered for resale pursuant to the Registration Statement.
D-2. I Meant to say: "It depends on the application. Niobium for somethings Vanadium for others. For some things vanadium....Etc."
Bernice. It is. I think we will probably have to wait for next quarter results to see much change in that price!
P.M., Trofee, Monocle, all:
Related to Niocorp, another of M.S's companies.
From Largoresources:
https://www.largoresources.com/investors/news/press-release-details/2019/Largo-Resources-Announces-Appointment-of-Nominee-Director/default.aspx
"TORONTO, April 4, 2019 /CNW/ - Largo Resources Ltd. ("Largo" or the "Company") (TSX: LGO) (OTCQX: LGORF) announces the appointment of Mr. Jonathan Lee to its Board of Directors (the "Board") as a director nominee of Arias Resource Capital Fund L.P., Arias Resource Capital Fund II L.P. and Arias Resource Capital Fund II (Mexico) L.P. (collectively, the "ARC Funds").
Mr. Lee is a Vice President with the private equity firm Arias Resource Capital Management LP. Prior to Arias Resource Capital Management, Mr. Lee worked with Ambac Assurance Corporation, a global bond insurer. Prior to Ambac, Mr. Lee held positions with the investment firm Raging River Capital, the mining hedge fund Geologic Resource Partners LLC, and Byron Capital Markets Ltd in Canada as a mining & metals equity research analyst. Additionally, Mr. Lee has prior experience as an Environmental Engineer with several construction and engineering firms. Mr. Lee currently sits on the board of Park Lawn Company Ltd. and previously sat on the board of Bearing Lithium Corp. Mr. Lee earned his MBA from the Stern School of Business at New York University and holds a BS in Chemical Engineering with a minor in Economics from Tufts University."
Interesting resume.
D-2 For some applications Vanadium is inferior. Raising the Niobium content of steel more than 1% does not result in a corresponding increase in steel strenght, whereas additional percentages of vanadium does have a corresponding increase in strengh (to a limit--don't know that it is.)
In any case, this was just posted on the Largoresources website:
Largo Resources Announces Appointment of Nominee Director
April 04, 2019
TORONTO, April 4, 2019 /CNW/ - Largo Resources Ltd. ("Largo" or the "Company") (TSX: LGO) (OTCQX: LGORF) announces the appointment of Mr. Jonathan Lee to its Board of Directors (the "Board") as a director nominee of Arias Resource Capital Fund L.P., Arias Resource Capital Fund II L.P. and Arias Resource Capital Fund II (Mexico) L.P. (collectively, the "ARC Funds").
Mr. Lee is a Vice President with the private equity firm Arias Resource Capital Management LP. Prior to Arias Resource Capital Management, Mr. Lee worked with Ambac Assurance Corporation, a global bond insurer. Prior to Ambac, Mr. Lee held positions with the investment firm Raging River Capital, the mining hedge fund Geologic Resource Partners LLC, and Byron Capital Markets Ltd in Canada as a mining & metals equity research analyst. Additionally, Mr. Lee has prior experience as an Environmental Engineer with several construction and engineering firms. Mr. Lee currently sits on the board of Park Lawn Company Ltd. and previously sat on the board of Bearing Lithium Corp. Mr. Lee earned his MBA from the Stern School of Business at New York University and holds a BS in Chemical Engineering with a minor in Economics from Tufts University.
About Largo Resources
Largo is a Toronto-based strategic mineral company focused on the production of vanadium flake, high purity vanadium flake and high purity vanadium powder at the Maracás Menchen Mine located in Bahia State, Brazil. The Company's common shares are principally listed on the Toronto Stock Exchange under the symbol "LGO". For more information on Largo, please visit our website at www.largoresources.com.
Neither the Toronto Stock Exchange (nor its regulatory service provider) accepts responsibility for the adequacy or accuracy of this press release.
SOURCE Largo Resources Ltd.
O.I./P.M.
Sounds good. I certainly defer to you since Niocorp is Canadian listed and I am not terribly familiar with Canadian Securities laws.
Then I can't tell you where the money is coming from unless they have been particularly stingy and/or Management is deferring their salaries and maxing out credit cards to cover overhead and expenses. Since M.S. and J.S. are drawing income from more than one company they can probably scrape by. Some vendors are probably providing services with something like a 90/180 day payment window (a possible explanations!)
The rest was hypothetical, but probably reflects the Financing situation.
Trofee, A.O.,P.M. L.M. all My thought--expressed before-- is that financing will probably involve a consortium of finance originators (to spread the risk) and that they have already obtained an initial bridge loan and agreemenet that allows them to continue operations. (They have increased staff...have to pay for it somehow!)
The funding agreements will probably NOT result in $1b total amount being deposited in a company bank account, but will include a commitment for a series of payments within the 2 year construction period that total the anticipated construction costs.
This will be done 1) to minimize the amount of interest that has to be paid by Niocorp over the course of construction (Why pay interest on money you will not spend until the following year?) and 2) to allow the originating firm(s) to raise capital "as needed" during the construction period schedule through things like private debt placements or bond issues.
Complicated stuff involving regulations for 3 different stock exchanges, Legal contracts with multiple banking sources,approval by various permitting agencies,contracts with various vendors, and all based on Projected Commodity yield based on core drillings taken on minerals sitting 2000 feet underneath several sections of Nebraska Farmland!
Since Niocorp isn't/cant talk, if its too nerve wracking, it might almost be best to go to Niocorp's website, sign up for alerts and go about your life. (And avoid the Kuk Mocksters of the world!)
(Of course, its always nice now and then to discuss things with others on this board (zu plaudieren die sitz mit freuden & freundinnen) and comiserate about how long all this is taking! )
Cold Dark Hole. Sorry to hear that!
Received today. They previously set the settlement aside as a "Contingent Liability" so it should not change the balance sheet. (Pretty sure, but do not have time now to review.)
IBC Advanced Alloys Notified of District Court Decision on Arbitration Award
FRANKLIN, IN (April 4, 2019) – IBC Advanced Alloys Corp. (TSX-V: IB; OTCQB: IAALF) (“IBC” or the “Company”) a leading beryllium and copper advanced alloys company, has received notice of a decision by the U.S. District Court in the District of Massachusetts affirming a September 9, 2017 arbitration award made in favor of Gerald R. Hoolahan, the former co-owner of Beralcast Corporation, which IBC purchased in 2010. The arbitration award resulted from an alleged breach of contract relating to the sale and totals $1,395,434 plus accrued interest from the date of the arbitration decision.
IBC vigorously disputes the allegations and reserves its right to appeal the District Court decision. As has been disclosed in previous public filings, the Company has already reserved the full amount of the potential award as a contingent liability on its books.
On Behalf of the Board of Directors:
"Mark A. Smith”
Mark A. Smith, Board Chairman
Landmark, Antler, Ontinvester, A.O., Monocle, P.M.
You all may have noticed this and I overlooked it. (Or I saw this and forgot. Also possible.)
The Niocorp website.
Previously it showed the office location as Centennial Co and 7 employees. I do believe it has been updated?
Office Locations Centennial, Colo. (Headquarters)
Tecumseh, Nebraska
Employees 11
A.O.; It is! (If you have cash to invest!!)
LithiumOre Issue Executive Summary for April 2019
April 02, 2019
https://preview.irdirect.net/prviewer/release/id/3718113
"We are very pleased to announce that our first exploration and production drill is expected to begin mid-April. This is the culmination of years of careful planning and preparation. Our drilling team, Welsco Corp, has 50 years of experience conducting geothermal, water well, and mineral exploration. Our lead driller, George Scheid, currently serves as Senior Driller Project Manager at Teton Energy Services and brings more than 30 years of experience managing onsite drilling operations in the exploration, petroleum, and mining industry. Our whole team is excited to begin making tangible advances towards our big picture goals."
If I recall it indicates that they will conduct a reverse split at the discretion of the board of directors anytime before December 31 2019.
My guess is that they will halt trading one day cancel any open trades and process the split and reopen for trade once complete.
I wonder if the fact that there is a company with the identical name on a different exchange will be a problem. I would do the stock split at the same time as the name change if it were the board.
BCOmaha BC, you are correct;
""Since Nicorp is not mining uranium, it needs a license from DHHS and not NRC.""
My previous comment
"It explains some of the technical issues they have to resolve before excavating. They needed to explain how they were going to deal with small amounts Uranium and Thorium encountered during processing and whether this presents a risk to miners or the enviovnment. This requires Nuclear Regulatory Permitting."
To expand on that comment.
Niocorp's target minerals are Niobium, Scandium, and Titanium. In mining and refining they will encounter small amounts of radioactive materials during the mining and refining processes. And that is the point of the comment.
I am not going to reread the paper, but recall that some of the tailings will be returned to the mine as fill for the played-out sections of the mine. Tailings that are on the surface will be placed/retained in a raised berm area.
In any case, I am glad that you posted the link which provided the thoughts of managment on the timeline for excavation and production processing!
Regarding the proposed name change.
https://www.accesswire.com/537878/Oroplata-Resources-to-Change-Name-to-American-Battery-Metals-Corporation
" Oroplata lithium resource exploration and development company, today announced its intention to change its corporate name to American Battery Metals Corporation." Oroplata wants to list on the OTCQB.
-----------------------------------------------------------
There is a company with the name: "American Battery Metals Corp" listed on the CSE. (Corp not Corporation?)
https://thecse.com/en/about/publications/bulletins/2019-0308-name-and-symbol-change-first-division-ventures-inc-fdiv
"https://investingnews.com/daily/resource-investing/battery-metals-investing/vanadium-investing/american-battery-metals-schedules-geophysical-survey/
"American Battery Metals Corp. | CSE - Canadian Securities Exchange
https://thecse.com/en/listings/mining/american-battery-metals-corp
American Battery Metals Corp. is a junior mineral exploration company. First Division is engaged in the business of acquiring, exploring and evaluating natural ..."
I suppose it might go through since 2 separate exchanges.
Antler: Johanna Baks, BCOmaha, sneeky L.M.!
BC Omaha's link.
It explains some of the technical issues they have to resolve before excavating. They needed to explain how they were going to deal with small amounts Uranium and Thorium encountered during processing and whether this presents a risk to miners or the enviovnment. This requires Nuclear Regulatory Permitting.
From https://ecmp.nebraska.gov/publicaccess/PublicAccessProvider.ashx?action=ViewDocument&overlay=Print&overrideFormat=PDF
Dated December 13, 2018; (No April Fools (Avril Poisson!))
update on Niocorp/ElkCreek underground mine
DHHS Elk Creek Project Briefing. JW.pdf
snip....
"Niocorp is done with the feasibility study and now is in the finacing and permitting stage. The company is pretty close with financing. Nicocorp needs $1B to build. Its financial Arrangements are covered by non-discolsure agreementes so Scott count not talk about them but described financing as "Getting close." Niocorp would like to have the Air construction permit in hand by January 2020 Constructions will take at least 24 months." snip....
So, commercial production by 2022 is the plan... 3 years out.
Landmark; Good find! Not financing, but more parts of the puzzle
So does "plans to commence commercial production in April 2021" mean begin to excavate the mine build the processing facuilities or begin to sell refined product? Will ponder another time.
Producer of
Niobium
Location
Nebraska, US
Mining Method
Underground
Reserves
31.7Mt
"Elk Creek is one of the highest grade primary niobium resources under development in the US. Located in south-east Nebraska, the deposit is owned and operated by NioCorp.
Underground long-hole open stoping mining method is planned to be used at the niobium deposit.
The mine is expected to produce 1.4 million tonnes (Mt) of niobium (Nb2O5), 3,237t of scandium oxide (Sc2O3) and 3.5Mt of titanium dioxide (TiO2) over its estimated life of 32 years.
NioCorp completed the project’s feasibility study in 2017 and plans to commence commercial production in April 2021.
....Contractors involved
NioCorp signed an 11-year contract worth $63m with Rockies Express to build and operate a 27.8-mile (44.73km) pipeline, which will deliver natural gas to the Elk Creek project.
SRK Consulting conducted the full feasibility study, while SGS, Hazen and KPM were contracted to conduct bench and pilot scale test work."
Monocle; Releasing information on the 8th of the Month could be explained by a company's general business cycle.
Most corporation's accounting cycle's wrap up on the end of the month. You close the books in the first week of the next month before you move on to other things. This cycle could apply not just to Niocorp, but also to the financing corporations. Just a thought.
Landmark Reposted yr reply post# 47484 to Largo board . Thanks!
Siarayne;(Landmark) see 576. Here is Landmark 8211111's reply (in Niocorp)
"That could be a contributing factor but a product price-drop of 50% plus quite quickly, is the key factor- in my opinion...But as you rightly pointed out they're still making bunches of money at $2 ps. And soon to be debt-free, to boot!, sounds like a winner..."
ToBeDetermined! :)
New Filing Today, 3/29/2019 (q.v.) Corporate Resolution; Change Fiscal year to match Calandar year Dec 31 2019
Excerpt below.
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
The Board of Directors of Oroplata Resources, Inc (the “Company”) approved on March 28, 2019, a change in the Company’s fiscal year end from September 30 to December 31 of each year. The Company intends to include in its annual report on Form 10-K for the year ending December 31, 2019 separate audited statements of income and cash flows covering the transition period for the quarter ending December 31, 2018.
(Anticipated actions: April 8, Drilling first Exploritory well; at some point soon, name and Symbol change (Battery metals etc),TBD: reverse split, TBD: Uplisting.)
Looking for a good assay report on the brine from that well.
Landmark; Go see the Largo board. Could it also have to do with the cashless warrents? Posted the info there.
Landmark. Thanks. Posted the vanadium article to LARGO board.
I read some where that one limitation to using Niobium to strength steel is that once you reach a certain point 1% it think?, adding more Niobium will not result in an increase in steel strength.
If you increase the amount of Vanadium in Steel it will continue to strengthen the steel, i think 2, 4, 5, 6%.
Niobium supply is limited. at some point the Vanadium price will reach a level where demand will start up again.
Slashnuts; any idea how this is going? Diluting shares and driving down price?
https://s22.q4cdn.com/197308373/files/doc_downloads/election-forms/Largo_Cashless_Warrant_Exercise_Form_Nov_2018.pdf
Humm.
https://oracledispatch.com/2018/11/22/warrant-strategy-largo-resources-ltd-otcmktslgorf-just-backfire/
"It could be a lesson in the making for stocks like Largo Resources Ltd (OTCMKTS:LGORF). The company recently announced that effective December 3, 2018 the company will permit, without any further action on the part of holders, all outstanding unlisted warrants of the company to be exercisable on a cashless exercise basis at the option of the Warrantholder.
According to the release, no other terms of the Warrants are being amended. However, the stock has been hit in direct response to this announcement. One wonders about the logic here. Clearly, shareholders assumed a dilutive impact. However, the company has advertised this idea as a preventative for overall dilution because the volume-weighted 5-day average price was much higher at the time of the announcement than the minimum strike price for the warrants, suggesting that, in a perfect world, it would take fewer shares to pay off the warrants. However, it isn’t a perfect world, and shareholders have been selling the stock down, and with every tick lower, the dilutive potential of this strategy grows."
More at the link.
Siarayne29; Landmark8211111, Monacle, Slashnuts
I have no knowledge of what they will do. Since this is a Canadian registered company I don't know if they need to announce a buyback beforehand. (I live in the US.) Any Canadians with knowledge? Would they need to file a notice of intent or?
It would be a good thing to issue a dividend to shareholders.
Perhaps they could do both? (I would like a dividend! A quarterly dividend would keep me holding on to this stock!)
Also, this was posted by Landmark on the Niocorp board:
From some of the recent articles I have been reading- it looks like niobium is poised to soar:
FOCUS: Vanadium market underestimates ferro-niobium switch; ferro-vanadium prices tumble 25% in March
Weaker-than-expected demand from steel mills following the introduction of new rebar standards in China and increased use of ferro-niobium there have hit the ferro-vanadium market with prices in Europe now trading at levels last seen in December 2017.
So far this month, the European ferro-vanadium price has fallen by more than 25%. Fastmarkets assessed the price for ferro-vanadium, 78% min, free delivered duty-paid, Europe, at $55.50-58 per kg on Wednesday March 27. This was down by 4.6% from last Friday’s assessment of $57.50-61.50 per kg. In China, the weekly export price for ferro-vanadium, min 78%, fob China, was last assessed on Thursday March 28 at $58-62.50 per kg, from $64-67 per kg previously. The market is now trading at its lowest level since February 2018 and is down more than 19% since the beginning of the month. Prices have now fallen by more than 50% from the all-time high reached in mid-November last year of $126-128 per kg in Europe and $130-140 per kg in China. Ferro-vanadium prices in the Chinese and European markets both hit all-time highs last year in part due to an anticipated increase in demand...
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Its also a function of the Market where your shares are sold. If this were listed on NYSE it would probably have a higher price.
I purchased this stock for growth purposes, and that may happen at some point.
Largo has a large cash position, are paying off their debt, will discuss paying a dividend to shareholders, buying back shares (increasing shareholder equity) do necessary upgrades to processing equipment, do additional on site exploration and perhaps on another property owned by the corporation. I think that I will just hold the stock and see if this becomes a dividend producing stock and hope that Growth will catch up later.
Possibilities;
Vanadium P05 was $33.50 USD in November 2018. Currently its at 15.03USD. more than 50% decrease.
Ferro vanadium was $143 USD, in Nov. 2018, its currently $63.60 USD.
The commodity price is down, but even with the price down LARGO is still profitable. (A well run company even with the downturn in commodity price. I am holding.)
XE Currency Converter: 1 USD to CAD = 1.34094
yesterday it was $1.33CND If the dollar is up, Share price reflects a lower price USD. (This is minor point.)
Here is the recent earnings report.
https://s22.q4cdn.com/197308373/files/doc_financials/quarter/2018/q4/Largo-Dec-31-2018-MDA-v-FINAL.pdf
Monocle; Thank you for the information on Nordmin. Having experience with Mining companies the fact that they would defer payment instead of cash up front is a good vote of confidence in Niocorp managment.
I assume that if Nordmin lost that confidence Niocorp would probably be involved in some sort of lawsuit for non-payment & breach of contract by now. (A total assumption since their contract with Niocorp confidential and unknown to me.) I assume recent positive Largo results should reaffirm confidence in M.S. as Niocorp CEO.
Wagner; $.60 CND instead of $60.?
KMack: You have problems with D.T.SYNDROME? (Outed! Or old history?)
Attempted manipulation of this board to affect the share price!
Humphf! May you be caught shorts down in an upturn! (And be ridiculed and disregarded on every post and statement you make!)
Slashnuts! (All!) Thank you for listening and for the very exciting info!
"Goal #1 is return money to shareholders via dividends or buybacks."
Mining companies do not like to issue dividends, they like to hang on to as much cash as possible. (I almost won't know how to react if I actually receive a stock dividend!)
"Looking at all options of back-up power at the mine. They're considering power generation as well as energy storage. No major expenditures expected on back-up power in 2019."
A Vanadium Redox battery array! Talk about advertising for your product!
*Drilling results coming early Q2. They're very excited to announce the results.
nifty!
*The shelf is not for the purpose of buying another company or mine in the near or mid future.
Better to have a profitable functional company that pays its shareholders rather than one burdened by projects and crippled by debt. (Revisit in 2 or 3 years...Niocorp and REEs. Largo still needs to park their money someplace. Hum. Loans still possible?)
*25% expansion will be complete in June. They believe they can exceed 1,000 tonnes per month. Study underway to double production to over 2,000 tonnes per month.
*Diamond drilling planned at Campo Alegre in 2019. (Potentially world class iron ore, titanium, vanadium deposit)
Love it!
"I will continue to hold Largo. I'm looking forward to dividends and whatever the future may bring to this debt free money making machine."
I may sell something else and purchase more shares.
Thanks for the update!
Johanna;
hard Thread slide....
"I noticed before that you always write in a very correct way! "Chapeau! (hat off) smile" .... (Thank you!!)Well, sometimes!
"And thank you for your clarification with regard to the Bierstube. I must have forgotten that."
A little bit of fun! I have never been to Elk Falls so I do not know the stores or bars in the community. The issue of development
belongs in the local community and businesses.
Once the mine opens and if one does not already exist, someone may open a Gas station (Petrol) with a minimart (Small store in the gas station). Its rural, you have to drive, people will need gas.
I would think a bar and grill would probably make money. If the mine has 3 shifts a grill/restaurant could open for breakfast, have a bar that opens at 12;00am (Depending on local liquor Laws)which provides lunch and dinner. Unless there is a local "Aunt Emma" to work the kitchen it will probably be a standard hamburger/steak Bar and Grill Instead of a "Tap Room/ Deutsche Bierstube"!
"Yes some ladies have such a shelf but I don't think they use it for carrying the glasses with beer.. (off topic)" (Ok! smile)
"Kansas is about 3,5 hours away (by car) from Elk Creek, I saw on the map. Perhaps Niocorp can hire you? Which job would you like?"
Johnson County NE is one county north of the Kansas Line. I am just west of Kansas City so about 5 counties south. (along with KaseyMoe who I assume in in KC MO or KS?. ) At this point I might work a day or two a week if I find something that interests me, but it would not involve a 3 1/2 hour commute! (In any case the jobs and business should go to Elk Falls and the local Nebraska folks.)
"Largo did well!"
It did!
"And Niocorp will follow."
It will! Maybe I will take a trip up for the ground breaking!
Siarayne,Wagner,Slashnuts,Douginil,Johanna Baks
Newly posted? I do not remember this being on the Website.
https://www.largoresources.com/investors/presentation-and-events/default.aspx
(Largo Debt will be paid off in June. Dividend or buyback before that time or after? Always somthing to look forward to! Thanks M.S. et al.)
(Doug...looked at Prophesy Development Corp & invested. thanks!)
Siarayne....How about Slashnuts post! Nice!
Slashnuts; Thank you for posting!
Good deal! Perhaps more information tomorrow! in Mark's presentation.
Antler; (A.O. Landmark, Johanna, All) Thanks! I will go look at it.
I did not think that Niocorp would be able to look to Largo for financial help, a loan, a merger, something like that. I do hope that it demonstrates to potential financiers that M.S. is a reliable CEO that will protect their investment in a functioning mining development that returns a profit.
Note that last week I emailed Jim Sims about the 8-k or K8 filing (new debt,or old debt.) I have not heard back from him. If he is busy I want him to keep doing whatever he is doing and won't bother him about this again. (I think its old debt.)
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