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You mean the well respected man of his word that made a bet with one of the posters on this board, lost the bet, then refused to honor the bet?
I used to think Mark and Jim were honorable men too, but their actions the past 3-4 years have shown otherwise. Mark pumped up the merger to investors and how we should vote in favor of it. When the merger failed to bring any capital into the company, he expressed how he was not optimistic that the SPAC would be successful. Seriously?!?!?! I don’t know how any investor can support Mark at this point.
The boys in Colorado are just collecting their checks while waiting for financing to come in so they can finish the FS!!!! It is absolutely insane how management pumped up this merger, convincing shareholders to vote for the 1 for 10 reverse split, only to witness the complete collapse of the share price because they failed to produce a single cent from the merger.
Then to hear Mark Smith proclaim he had his doubts about the success of the merger. Why the hell would he give the sponsors of the SPAC majority control of Niocorp when they failed to provide any financing?!?!?! I sure hope they have an answer soon or investors will be calling for an investigation.
FACT: We are no further along today than we were before the merger. Unfortunately, we are worse off with a loss of $300 million in market cap and lows that shareholders have not seen in over a decade. Not to mention the massive dilution of shares and handing majority ownership to the clowns from the failed GX SPAC.
Years into a demonstration plant, yet no updated FS. Seriously, WTF is going on?!?!? There’s no reasonable reason this should not be completed. Mark Smith never fails to disappoint.
Say what you want, but he’s been right for nearly a decade and you have been WRONG! I bought into your BS and you still have the nerve to come on here and preach your BS. Decade lows, massive dilution, predatory lending to keep the lights on, yet here you are running your mouth again about rainbows and unicorns
I’m sure everyone agrees with you. I mean what’s one more year of ridiculous salary increases and bonuses. It’s only decade of exorbitant salaries and bonuses. What’s one more year?
We seen our investment here plummet to lows we have not seen in a decade. We have had our shares diluted to 1/10th of what we started with. The SPAC deal resulted in zero capital and gave majority ownership of Niocorp to the sponsors that failed to produce a penny of capital and has resulted in a market cap loss of $300 million! So yeah, what’s one more year of overcompensation for our management team who continue to fail investors?!?!
They’re probably really busy right now trying to figure out how they can give themselves exorbitant salary increases and bonuses again without having shareholders storming the Centennial, CO office.
Do you or ANYONE know what this USREM company is about? If Mark and Jim are the listed contacts, they obviously know. According to ge11’s reply from Jim, he is clearly not forthcoming as to what the private company USREM is about. Jim responds that he and Mark provided advice to USREM, but they are the face of USREM on the TECHMET video 🤔
There’s something very odd going on.
Mark, Walter and the scoundrels from GX are clearly the majority shareholders now. They could sell Niocorp to this private USREM company (of which I can find no info), for say $5.00 a share (.50 pre merger) and the rest of us would be helpless in stopping it. The other insiders, Jim, Scott, Neal, etc. etc. have warrants on the cheap. They are all way under the average share price of most of us here.
Mark, Walter, the scoundrels at GX, and other insiders who were given warrants have majority voting power and could force the sale of the company and make it a private company. Something is not right here. Does ANYONE have any information on USREM?
It is absolutely unacceptable how the company has spent going on three years on a demonstration plant and still not capable of producing an updated feasibility study!!! Mark Smith never fails to disappoint!!!
Construction season will be in full swing in Nebraska in a few weeks and there’s zero movement at the mine site according to the contacts I have in the area. I’m going to bet NIOCORP’s next excuse for their failure to secure financing will be “It’s because it’s an election year”
Because……financing is imminent and there’s a great deal of competitive tension…..lol
Not falling for that one again. I heard that financing was imminent and there was a great deal of competitive tension between financiers over 4 years ago. In the words of Maury Povich “The results have determined, that was a lie”
I will hold what shares I have and hope that someone with better business acumen takes over. Mark has burnt investors too many times and that trust has eroded over the past decade.
That’s nice, we’ve lost over $300 million in market cap. That $10 million sure will be nice.
Decade low, 1 for 10 reverse split, and dilution in excess of 350 million shares at pre split level. I don’t think they will be celebrated or well received by anyone
Mark Smith never fails to disappoint. Here we are 2 years into a demonstration plant with no updated feasibility study. Failure after failure for 10 years
FACT: Mark is no longer the largest shareholder of the company. He was put on a pedestal by shareholders for many years because he was the largest shareholder and he loaned the company money to keep the lights on.
REALITY: He has received his investment back several times over with his salary and bonuses. His loan to the company was paid back with more interest than the average rate.
Mark has consistently promoted his and his team’s integrity, honesty and strong moral values……. but their actions are not indicating what we were told.
Unfortunately, Mark ushered the wolves in and there won’t be many of us long term investors left with much in the end. The 1 for 10 dilution, plummeting share price to decade lows and further dilution at these record lows is killing anyone who has been here 3+ years. It’s shameful what is happening and quite frankly, unforgivable. The survivors will be happy to get out with what they have invested all these years.
The fact that Niocorp management manipulated long term shareholders into a 1 for 10 reverse stock split and the disastrous SPAC deal that actually cost the company money has brought many investors to question their integrity.
It’s great that day traders and new investors can get in on these decade low share prices, but the long term shareholders who have believed in Mark and supported the company all these years have been betrayed for their loyalty.
Pretty sure you don’t know many shareholders then. I don’t of a single shareholder personally that is not pissed off. The only shareholders I’ve heard that are currently happy, or pretend to be, are the minority on this message board consisting of yourself, TH, Walter, AO, and PC.
Nothing is currently being produced except angry shareholders. We don’t know what products will be produced and the company has failed to produce an updated Feasibility Study.
Funny how anyone that points out management’s constant failure and incompetence are abusive. Then you lay blame on the elusive shorting boogeyman when the blame should be focused on management. Wake up!
You raise a very good question. Where in the *#ck is the updated Feasibility Study?!?! It’s been going on 2 years since they started the demonstration plant!
We are now at the pre split equivalent of over 350 million outstanding shares! We have to love the brilliant leadership that Mark and his team have. It’s nice knowing we have so many combined years of mining experience with this team. We should give thanks to this group for their expertise to get us to the decade low share price. We couldn’t have done it without their many years of incompetence.
BINGO!!! You nailed it there. The stock performance is a direct result of management’s incompetence. Institutional investors are not jumping in, yet the likes of Always Optimistic continue to with the false narrative of the boogeyman shorting the stock.
What does that matter? The stock is performing accordance with the incompetence that management had exhibited. They keep loosing investor’s confidence.
The 1 for 10 reverse split, the disastrous SPAC deal, the predatory lenders they have to rely on to keep the lights on, missed expectations set by management and still no updated FS?!?! These are the reasons that the stock is trading below the decade lows. I am stupid for having stayed in once the details from the SPAC were revealed.
I would like to know where the competitive tension between all these lenders went. The investor that had acquired over $100 million for some mega fund just disappeared?!?? If the EXIM loan fails, we are done. It will be very interesting to see what their raises and bonuses are this year.
How dark does it need to be?
Considering management’s failure to deliver on timelines, I wouldn’t count on EXIM news anytime soon. Financing is imminent..,,,,
https://nebraskapublicmedia.org/en/news/news-articles/elk-creek-niobium-mine-could-be-operational-by-late-2016/
I sure am glad to see the boys in Colorado getting stock options at these record lows. I can’t wait to see their bonuses and increased salaries for this year.
We ALL BELIEVED!!!!! Mark Smith and his team are clearly not the respectable people we thought they were!!!! It’s time for the reckoning
Nothing he or anyone else has said has had any impact on the stock. Unfortunately, he has been correct about everything so far.
The negative impact to the company has come from Mark Smith. The disastrous SPAC deal and having to obtain working capital from predatory lenders has destroyed the market cap of the company.
Considering institutional ownership is less than 5%, I would say it’s minuscule. Mark Smith and his dream team need a raise and a big bonus this year!!!
Because Mark Smith is not a good businessman. Dean Kehler, Jay Bloom, and Michael Maselli have made fools of Mark and his dream team.
Failure after failure, missed opportunities after missed opportunities, competitive tension between financiers, financing is imminent…..
https://www.3newsnow.com/news/local-news/proposed-nebraska-mine-raises-up-to-366m-of-1-1b-it-needs
All the BS in DC this week and nothing to show for it. Mark is clearly grasping at straws while the blood of investors are being spilled and fed to the vampires he has befriended.
I agree, if there truly was competitive tension with financing back in 2017, we would not have had to rely on predatory lenders. I bought the BS for years because I wanted to believe in Mark Smith. The share price is a result of Mark’s poor performance and questionable integrity. I wonder when Mark and his team will have another town hall meeting with investors 🤔
Finally!!!! We are going to see some momentum. The decade of waiting has finally paid off!!!!
https://nebraskapublicmedia.org/en/news/news-articles/elk-creek-niobium-mine-could-be-operational-by-late-2016/
That’s great! I just love to wake up with a kick to the groin! I guess you have to get used to it when you’re invested in anything Mark Smith is involved with.
Nice, it’s absolutely disgusting that Dean Kehler is now the single largest shareholder for bringing nothing to Niocorp except a massive loss of market cap and shareholder equity.
They blow a lot of smoke up investor’s arses. How dare you even question their ridiculous compensation for their complete and total failure to deliver financing for the past decade!!! Shame on you, shame
That’s 820,000 to anyone that has been here pre reverse split. Mark is a brilliant CEO……LMAO!
I thought merging with GXII and putting Dean Kehler and Michael Masseli on the BOD was supposed to open doors and gain us access to financing. It’s starting to look like these guys were brought in to shutter the doors of the company.
We are coming up to our one year of the ringing of the bell and we are trading at decade lows. It’s clear that Mark is NOT the brilliant businessman he pretended to be. Trading at a mere .25 pre reverse split after spending millions and millions of dollars of investors money. Not to mention the hundreds of millions of dollars lost in market cap. What do we hear from management?……..crickets. Who all thought we would be celebrating our one year anniversary on NASDAQ standing around this dumpster fire?!?!