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Tax loss is for people that have lost money on a stock and want to claim it as a loss.
People that bought in the .60s and .70s CAD are sitting at a loss right now.
What were the fatal flaws that were removed?
Share price comparison means nothing. You need to look at the market cap.
I do agree that Nio is the best play.
Yes, you're right. No gap.
Small gap up. Hopefully it holds.
No, nothing is going on. It's the usual headfake before the market opens.
This news release from over a year ago still baffles me.
http://niocorp.com/index.php/press-releases/371-niocorp-ceo-mark-smith-increases-his-personal-stake-in-niocorp-to-accelerate-project-finance-efforts
When this was released, I thought we were close to financing but it seems something held it up and here we are over a year later.
Also, I'm not totally convinced we see an increase in the PPS after financing unless the equity side is less than expected. I thought the Traxys deal would have given a substantial bump.
We will see the true value once in production.
This is a garbage site.
It gives Apple a higher chance of bankruptcy than NioCorp lol.
Hope no one takes it seriously.
That's false. Canada has some of the best in the world.
Hey I'm currently limited on time. That would be great if you could create a survey. Thanks!
That's my thinking. This investment will very likely be profitable but the question is how profitable.
Dilution is the biggest factor here. In the worst case scenario, 60% of the financing will be raised through dilution at the current PPS level (or possibly lower). I think this is unlikely but not out of the question. This would cause a massive amount of shares to be issued.
I'm hoping Mark can make some magic happen here with the debt portion. If he can keep the total diluted shares under 500 million, we could be looking at an easy 10-bagger from the current PPS level.
I've always harped on the lack of a Scandium offtake. The news today was definitely a relief.
This is the best material news we've had in awhile. If it doesn't move the needle, I'm not sure what will.
There is nothing stopping financing now in my eyes. I don't care how long it takes as long as we can reduce the equity portion and minimize the dilution.
Lets hope for a great day tomorrow.
Scandium agreement!!
Now this is what we've been waiting for!
Sure a chart can be used to find trends. Anybody with investment experience could have guessed CLQ would go lower.
So what if NioCorp hits $.53? It means nothing. You don't know where the price will go after that along with everyone on the board.
I'm not trying to bash charting because it is useful but not for this stock right now.
Don't let your frustration cloud your judgement.
Can management please release some news or else this board is going to drive itself crazy lol
Agreed. Chart analysis doesn't work with this stock because its very low volume.
Is this a good or bad thing? Does it affect NioCorp?
Thanks for your opinion. Some people on this board enjoy the critical thinking.
I think the frustration for many of us stems from the low PPS and the missed self imposed deadlines from management.
Take a step back and realize how de-risked the project is. There aren't many other investing opportunities out there that offer this level of risk vs reward.
Management has no control over the PPS. But, they could do a better job of being more transparent with loyal investors.
P.S. Expect zero news from tomorrow's conference. We aren't going to learn anything new.
Personally, I don't think we see financing until late 2019. Forget you own this stock and look back in a year or 2 and you'll be happy.
It doesn't make sense to PR the PP since it's not good news.
Legally, they only have to submit it to SEDAR/Edgar.
I started accumulating a few years ago at the age of 25. I'm in the 6 figures now.
I don't expect to retire but this type of investment can be life changing.
Or we go broke lol. I'm willing to take the risk with this company.
It looks like they are fully financed. Here is the corporate presentation:
http://www.nemaskalithium.com/assets/documents/docs/NMX_CorporatePresentation13juilletFinalEN.pdf
They also have offtake agreements for a large portion of their planned product and have the backing of the Quebec government.
I see a lot of similarities with NioCorp.
Nemaska's market cap is currently 500 million with a 1 billion dollar financing package in place which doesn't make sense to me.
Does the market normally not value junior miners until they're closer to production?
Hopefully the uniqueness of NioCorp will help the PPS once financing is in place.
Another point to note is that company has around 800 million outstanding shares after financing. That may have contributed to the PPS languishing.
NioCorp is currently in a better position.
A Canadian mining company completed a 1 billion financing package recently.
http://www.nemaskalithium.com/en/investors/press-releases/2018/7bcd4b2f-3617-481e-b7e8-a5093089cf0d/
Its not a direct comparison to NioCorp but seems very similar to me.
One thing I noticed is the struggle of the PPS even after completing the financing. Something us NioCorp investors are all to familiar with.
In my opinion, I don't think we will see the full value of this project reflected in the share price until closer to production.
Patience is key with this investment. The accumulation of shares will pay off eventually.
Once NioCorp has it's debt paid off and free cash flow coming in, we could see a large amount of growth as the funds are reinvested into the company.
Thanks. Those links prove what I mentioned.
The Enterprise Value, or EV for short, is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. Enterprise value is calculated as the market capitalization plus debt, minority interest and preferred shares, minus total cash and cash equivalents.
AO, you need to compare the market cap between the 2 companies. Share price is meaningless without knowing the number of outstanding shares.
That being said, NioCorp will be a 10 bagger but $60 is a little outlandish.
Where can I sign up for that? I'll be first in line.
I should have included the top line from those points. This was a recommendation from SRK.
SRK makes the following recommendations about the Project:
• NioCorp should continue and expand its efforts to engage potential offtake customers for all
of its three products, in particular Sc2O3;
• Seeing that Nebraska government officials are very supportive of the job generating potential
of the Project in a rural part of the state, continue to engage and lobby for local, state and
federal regulatory agencies for further tax deductions and credits; and
• Investigate joint academic-industry research efforts into developing new uses for Nb and
Sc2O3
Is there a timeline for the results from the alloy tests?
Here is a compiled list of quotes related SC offtake -
NioCorp’s overall objective during the six months immediately following the issuance of the
project’s Feasibility Study is to complete offtake agreements for a minimum of 25% of the
projected annualized Sc2O3 production from the Project.
At the time of the report, NioCorp has entered into two offtake agreements covering ferroniobium
production from the Project. Although 75% of Nb sales in the first 10 years are currently covered by
the offtake agreements, the revenues generated under those contracts are still sensitive to the
benchmark Nb price currently set in the technical economic model at US$40/kg for LoM. The
benchmark price is exposed to competitive pressure. No offtake agreements have been executed at
the time of the report for titanium dioxide and scandium trioxide products from the Project. The
Project IRR is most sensitive to changes in Sc2O3 and Nb prices on both a pre-tax and after-tax
basis.
• NioCorp should continue and expand its efforts to engage potential offtake customers for all
of its three products, in particular Sc2O3;
• Seeing that Nebraska government officials are very supportive of the job generating potential
of the Project in a rural part of the state, continue to engage and lobby for local, state and
federal regulatory agencies for further tax deductions and credits; and
• Investigate joint academic-industry research efforts into developing new uses for Nb and
Sc2O3.
The Project will obviously benefit from becoming a stable, domestic US producer of Nb and Sc2O3
where currently all supplies must be imported from abroad. Nb sales (32% of gross revenue
generated) as modelled would cover the cost of production for all three commodities but Sc2O3 sales
will be required to generate positive cash flow to cover any Project loan principal repayments/interest
expense and meet investment criteria for stakeholders.
Wait for the best deal.
But they will have to sign one at some point.
I assume Mark knows what he's doing. I'm not criticizing, just creating a discussion where others can throw their ideas out there.
Hmm yeah it could be just a "disclaimer" statement but its hard to ignore.
"Sc2O3 sales will be required to generate positive cash flow to cover any Project loan principal repayments/interest expense and meet investment criteria for stakeholders."
I assume that quote means that investors require an offtake. Do you see it differently?
Mark could very well be working on another solution behind the scenes but not until that's outlined, I take that quote from the FS as I see it.
It's a fact. Its clearly stated in the FS if you read it.
Exactly. Why hasn't there been an SC offtake agreement yet when they were in talks with a dozen or so potential suitors 2 years ago?
Financing isn't possible without an SC offtake. Signing one would help immensely and would actually move the PPS in dollars, not cents.
I wish NioCorp could sign a Scandium offtake agreement already so we can stop beating a dead horse.
As soon as the offtake agreement is signed, the doubters can stop doubting.
Fully agree. That's why I rarely post.
Me too. Seems they forgot to put up the live link.
Might have to wait for the archived video.
Edit: Nevermind. Stark posted the correct link.
Maybe you're right about CleanTeq being overpriced.
Still boggles my mind that NioCorp is still sitting at a market cap of 123 million. We should be much higher and definitely over $1.
I wonder what's causing the lack of investor interest? We had the same PPS 4 years ago but with much more of the project derisked.
Patience will pay off. It would be nice to get an update from management before end of year.
NioCorp Market Cap = 123,000,000 CAD.
CleanTep Market Cap = 562,000,000 CAD.
Using CAD as currency if you didn't notice. Doesn't make a difference, still worth about 5 times as much.
Not sure why you seem happy that CleanTeq is dropping so much. The more its worth, the better for NioCorp and all mining companies.