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May I ask why you became passionate about this investment? After over a decade zero mining savvy money ever risked a dime on it. Perhaps you were a mining development newby who followed other mining development newbies who followed a con man. Glad your life seems to be great otherwise.
Well here we find ourselves. The end could be near. I’ll miss it when its gone.
Who did this? Dilute from 28mm shares to 36.808 in just over a year? (not even considering ECRC swappable shares). Who did the SPAC deal? Who entered into toxic funding with Yorkville? Who entered into another financing deal that could result in a debt default in a week? Who dangled FS, Stellantis, and EXIM dates but over and over again kicked those events down the road while collecting huge salaries via toxic debt converting shareholders wealth into their own? Trolls? I think not.
The Niocorp gang gave themselves bonuses and raises for stickhandling the SPAC deal. They have EACH converted $millions of shareholder dollars into their dollars and continue to do so. MS takes his $4mm of skin outta the game over a year ago using toxic debt. He saw what was to come.
I think I had that covered in 3. Praise Jesus event.
The drama. Does Niocorp?:
1) make their $1.4 mm payment with the money they just borrowed after paying a million in fees and giving up 600,000 $3.25 warrants?
2) Do they default on the loan and get bent over by Yorkville and Lind with nasty new terms? Death spiral terms?
3) Does a praise Jesus event happen that allows Niocorp to do $2.75 dillution and gives Lind and Yorkville another 20% pop on their already userous terms?
Not much time. This Friday is $3.30 vwap with $500k trade volume day. First of five. What’s it going to be?
That is an unfortunate conclusion. The past counts. Brain dead would be a worthy assesment of your post.
The have a decade of experience of mining shareholders bids to fatten their bank accounts via obscene salaries and bonuses on this deal alone!!! That takes skill. And they are setting up to milk that nipple for years more. So many fish. So many paychecks.
It is a desperate pump. And a very pathetic effort.
A scoping study is akin to PEA. They better have something a lot better than that to avoid loan default.
“It should be noted that this scoping study was restricted to initial mine design, cost modelling, and scheduling. There has been no work completed on portal boxcut geotechnical, updated mine electrical distribution system, or modification to surface ventilation infrastructure. All assumptions utilized industry standards and best engineering judgment. NioCorp would require more study work to determine if this approach would be beneficial for the Company, but initial findings are positive.”
Hope is a not a great investment strategy. You spent about a half million on hope. I hope your heirs forgive you.
Well it seems you missed all his conspiracy theory posts. Also the guy has zero clue about mining because he used the word ‘commissioning’.
Commissioning includes all the activities relating to the installation testing, no-load testing, systems checks, water commissioning, ore commissioning, performance trials, and the plant operation. Commissioning programs require careful planning, effective communication, and detailed reporting.
But hey, maybe he does have insider info.
Well it seems you missed all his conspiracy theory posts. Also the guy has zero clue about mining because he used the word ‘commissioning’.
Commissioning includes all the activities relating to the installation testing, no-load testing, systems checks, water commissioning, ore commissioning, performance trials, and the plant operation. Commissioning programs require careful planning, effective communication, and detailed reporting.
But hey, maybe he does have insider info.
Could this conspiracy theorist be Niocorp’s social media initiative that NCT has been looking for? 🤪
A decade of promises that only resulted on kicking the goalposts futher down the field and maintained obscene salaries for the Ex/Molycorp crew.
Walnuts has done his usual mo. Get in early and cheap then work tiredless to get his flock of sheeples to buy in at much higher prices. They have been F’d by Walter. His ego needs stroking. They are stupid fish to believe a word he says.
You are saying that the total bullshit train that this managment has delivered requires my confirmation that I need proof it was not bullshit?
Tyipical fantasticical dreamer punt the goalposts down the road fish that management loves. They are in this to convert other peoples money into their own. Period.
Rio Tinto would never consider buying Niocorp. They like high grade. Last year they bought Platina’s high grade at surface scandium deposit that is scalable and has a long mine life for $14mm. They are also current producers of scandium and aluminium/scandium alloys. I don’t think they would take it if it was given to them. The is just a machine to extract high salaries for the ex Molycorp gang for as long as they can. Utter scam.
It said so in the prospectus.
Prospectus filed:
https://www.sec.gov/ix?doc=/Archives/edgar/data/1512228/000153949724001058/n2574_x210-s1.htm
Registering the shares that will/may be given to Yorkville and Lind as per the recent $8mm financing for resale eligibility. That’s using the shelf.
You shouldn’t blame Yorkshire. You should blame the company that hired them.
I have no idea why Niocorp have not used ATM financings. So much less dilutive. Paying Yorkville and Lind fees for hitting bids is rediculous when they could be doing themselves.
That is a perfect example that you have zero understanding of what a shelf financing is.
Do you know what a shelf is? Why would they not use it instead of doing a butt reaming deal that would result in a ton of dilution. A million plus in fees. 600,000 plus $3.25 warrants. A shelf needs a buyer. There are no buyers except for the Walnut cult posting bids. This is going to get very ugly and very soon. However ugly it is now it’s nothing compared to what’s coming. Walnuts f’d a bunch of bozo’s.
When the rent is due on the 1st of the month you date it the 1st. No?
Stellantis might be puck shy about investing in juniors that have long noses. Learning the hard way. Look at LIT on the TSX-v.
Where did you get the idea that BDO was involved with preparing the last FS? I see them nowhere. I don’t think CPA firms are involved in mining FS preparation.
Mark has a tell. He is lying if his lips are moving.
I don’t think placing too much weight on what Jim says is warranted but you’re probably right.
Wild ass guess. Why did they have such high payables? To whom? Could it be the FS consultants? Could the FS be substantially done but they had to pay to get it released? Maybe we see the revised top line numbers before month end? I mean they gotta have something to have entered into such a stinky financing. I’m sounding like AO.
If the terms are are not achievable then you will see no limit bid pounding. Toxic finanancing defined.
$500k daily trading value AND a vwap of $3.30+ for the 5 trading days ahead of the monthly scheduled payments. Otherwise payment of $1.4mm is due each month start, except for August for some unknown reason. That way Y/L get 20% return, plus a million in fees plus 600k $3.35 warrants. Very, very dilutive if all goes well.
Hard to see the “OR” option come into play. Why give Lind and Yorkville a million in fees and 600,000+ warrants if that was the plan? I guess its possible but it would be dumb.
We do know who did the financing for $8,000,000. It was just net to Niocorp of $7,000,000. It was Yorkville and Lind. The tag team that use buffoon bidders to make payroll.
Might not be just Yorkville. At the end of February about 275,000 ECRC shares converted into Niocorp shares. Who knows how many more converted since the end of the Q. They might not like the terms of the last very lousy, expensive, dillutive financing and the risk of a default.
Are you kidding me??? Chico is just a biased based googler. No wonder you are losing large.
Plus the convertible into Niocorp ECRC shares of about 4mm. So 40,000,000. Before the space deal it was 28,000,000. Stunning dilution in a year. Plus many, many more cheap warrants and options now issued. Unbelievable shareholder value destruction.
Yes I did. Just a circle jerk of dreamers unless EXIM dd peeps are corrupt or utter bozos.