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Maybe it isn’t a reverse split. Let them address this when they can publicly. Until then I am keeping my emotions in check.
I am going to take a stab at this from the book of common sense.
We heard in the past that Mark didn't want dilution. 60/40 wasn't even what he wanted. More like 80/20.
We then see this press release yesterday morning and the word reverse split sends everyone in a panic.
Do you all really think he intends to hurt shareholders when this is all finalized. I THINK NOT. He has a plan. Just look at how big of a hot commodity these minerals are rare earths are. This had to have been a great deal. We all don't have enough knowledge or facts to make an educated decision. It is strictly opinionated at this point and premature. What we do not know is what the share price will be once the current deal goes through.
I believe it will be minimal. It will HELP shareholders. I also think this accelerated us to a bigger exchange. Just my two cents.
GM
Things must be getting good and spicy if your back on this board again.
Could it be NIOCORP didn't put its release out before another report was issued on the financing? Therefore they had to stop trading until the provided an official update from NIOCORP? Just thinking out loud.
He didn't post here until today I believe. Look at his past history with posting. Speaks for itself.
Trading now resumed.
https://otce.finra.org/otce/tradingHalts
For people wondering the stock has been halted as well.
https://otce.finra.org/otce/tradingHalts
Let the games begin
Let is stay there until my order is filled.
Update: It was filled. Time to head north now.
We should see steady PR's, yes.
Going off memory they said when this process started would only be around 2 weeks. So we should be seeing news on the next phase sometime next week.
Exciting times ahead. October should be alot of fun!
Let the games begin!
https://mailchi.mp/niocorp.com/niocorps-demonstration-plant-begins-testing-process-improvements-and-rare-earth-recovery-operations?e=86d9b103f5
Demonstration Testing has started. It was be in three phases.
Phase 1 is designed to demonstrate a new approach to the initial processing of the ore that NioCorp expects to mine from the Project site, subject to receipt of necessary project funding, including calcination, initial leaching, and rare earth extraction.
Phase 2 is designed to demonstrate an improved process for the second stage of leaching along with Niobium and Titanium separation.
Phase 3 is designed to demonstrate the technical viability of separating high-purity versions of several target magnetic rare earth products from Elk Creek ore samples, as well as confirming previously achieved high recovery rates for high-purity Scandium trioxide. The potential magnetic rare earth products include Neodymium-Praseodymium (“NdPr”) oxide, Dysprosium oxide, and Terbium oxide. NioCorp will utilize conventional solvent extraction (“SX”) technology to test a rare earth separation approach developed by NioCorp and L3. NioCorp and L3 have years of collective experience in SX technology.
Better D/E ratio. Maybe bankers don’t care, but management does. 80/20 not 60/40.
Just a thought…
I agree 100%
Happy Labor Day
GM
Looking at your projections along with Demo's I feel we will see something in the realm of $3-$5 a share upon financing. When in production the possibilities are endless. Like you and I continue to state we will see how big the resource is as well along with the new REE numbers which hopefully are eye opening all of these numbers will likely change for the better. But, for now I feel comfortable seeing these as my post financing projections until more data is shared.
Either way, we will be going up.....FAST
Hoping we find out why Tuesday morning.
We have to see some material news soon with all this new news circulating. No offense, but your novels when I drink my coffee every morning aren't doing it for me anymore! LOL. I appreciate all your due diligence. We have a winner. Just need to "officially" start the race.
I compare it to a big sporting event. Everything is broken down. Teams know their strengths and weaknesses. Media and fans have expressed their own thoughts and opinions. Interviews are done. BUT, once the game starts anything can happen and all of the prior talk and thoughts go away. So......LET THE GAMES BEGIN!
We are sitting in a good negotiating position with all of the permits in hand.
Let’s get this mine built!
More News x2 :
A second document has been posted now this morning.
Post-effective Amendment to an S-8 Filing (s-8 Pos)
https://ih.advfn.com/stock-market/USOTC/niocorp-developments-qx-NIOBF/stock-news/88976633/post-effective-amendment-to-an-s-8-filing-s-8-pos?xref=newsalert
I am not quite sure myself. I would like to hear if anyone else more knowledgeable on this subject matter can clarify what this means exactly.
News alert:
Document out this morning in my mailbox.
Post-effective Amendment to Registration Statement (pos Am)
https://ih.advfn.com/stock-market/USOTC/niocorp-developments-qx-NIOBF/stock-news/88975140/post-effective-amendment-to-registration-statement
Not until my cash clears so I can buy more shares at these prices.
:)
Getting financing should be very possible and at a good D/E ratio. Exciting times for this company.
Got it. Thanks.
How recent was his response?
See my post here: 82488
This was from Jim when I asked a little over a week ago.
There will be multiple PR’s, the start, updates, completion, numbers, etc
Add that to the stack of information showing this company will be successful.
Patiently waiting....
It is my understanding there will be multiple PR’s, the start, updates, completion, numbers, etc…
Still waiting…
It definitely appears that way. I am very optimistic that when the REE results are proven and are announced we have a pretty good amount of PR that pushes this stock to all time highs.
My two cents while I am having my morning coffee....
So when the REE's possibly double the amount of revenue each year you see this as 2x to your numbers then as well?
Would be a great PR to say they have started REE process and furnaces have arrived after this announcement.
Well someone just came in and bought a bunch of shares in the last hour.
That’s to get some financing. I agree. Like we have talked about prior, wait until they break ground, dig deeper, and define the resource as much, much, much larger.
That’s the bus I’m on. Until then. Bring on the furnaces.
It’s coming soon….
A new investor round table link from yesterday after Mark and Scott’s interview. Worth 15 minutes of your time. I agree with lots of these guys view points. That is why I am so bullish on this stock, company, and management team.
Thanks for posting. Great video to watch. I encourage everyone to watch the video. Lots of good information.
Wouldn’t be opposed to that one bit
They would get their loan back rather quickly as well. Especially if these furnaces show that we have alot of REE's
Just was listening to CNBC and heard that they had an interview said Biden plans to sign the Inflation Reduction Act sometime next week. Will be interesting if we see some of the 369 billion used/fund this gem of a company or if they receive some tax credits for NIOCORP as well.
LOTS and LOTS of DOTS
Very interesting. Nice news to read while drinking my morning coffee.
I would be interested to hear how many shares you have if you think you own more than most on this board? People posting for the most part are the ones with lots of shares I’d tend to think including myself.