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That is true. My guess is they plan to bring in the loan first.
Putz, to Tante Duracel's point, I just checked NioCorps website and found some updates on their Presentation I don't recall seeing the last time I checked the Presentation. Page 45 shows indicated and inferred REE excluding reserves.
https://www.niocorp.com/wp-content/uploads/Detailed_NioCorp_Presentation_Q2-2024.pdf
This is just a small sampling:
US Export-Import Bank Considering up to $800M in Debt Financing for NioCorp
NioCorp’s application has cleared EXIM’s first formal review (TRC-1)
Independent consultants chosen by EXIM now conducting due diligence reviews
EXIM / NioCorp continue working to advance process
Working with auto
OEMs toward design
of specific Al-Sc alloy
parts
Metallurgical testing
for updated project
feasibility study at
demonstration-scale
plant now complete.
Offtake Agreements for Products NioCorp Intends to Produce
Stellantis, 3rd largest
global automaker, and
NioCorp executed a
non-binding term sheet
in July 2023 on the
prospective sale of
NioCorp’s magnetic
rare earth oxides.
Preliminary Elk Creek Financing Plan
Debt (U.S. Export-Import Bank):
• EXIM expressed interest in up to $800M
• Now working with EXIM toward term
sheet while DD is underway
• Additional commercial bank interest
potentially backed by German Gov’t
Untied Loan Guarantee.
Equity: ~$400M.
~$1.2B upfront CAPEX
~$800M
Debt
~$400 M
2024:
NioCorp expects
to issue updated
Feasibility Study
incorporating
rare earth
economics
Thank you Jeunke. I am particularly interested in the power point presentation if one exists. Greatly appreciated.
Thanks NE.
"I would expect the first day following the announcement that the share price could spike to $30-$40 (maybe more) "
Your not factoring in the rise in the share price leading up to that news and peaking on that news.
Again, $30-$40 is $3-$4 pre split.
What year did you start investing? Based on your posts, I do not think you were invested in 2015 and saw what happened to the stock. If you were, then you should know that the stock went to $15.20 without any financing news but merely on news that NioCorp moved to the TSX.
2 shares is inconsequential. Lets see what happens tomorrow.
PS: Yahoo Finance is showing that the after hours market closed NB at $2.90.
What data base are you using showing it settled after market at $2.42. There seems to be a discrepancy here.
https://finance.yahoo.com/quote/NB?.tsrc=fin-srch
Bud, no stock goes that high in a day and I don't recall saying it would happen in 1 day. What does happen, however, is as news is anticipated, the share price drifts higher and peaks when the news comes out and then drifts lower after the news. That is with all companies stocks.
jeunke, please share what was said at the conference that makes you believe "No doubt this will happen soon in 2024." Greatly appreciate your feedback.
jeunke, please share what was said at the conference that makes you believe "No doubt this will happen soon in 2024." Greatly appreciate your feedback.
He must be a newbie. Old timers know $30-$40 is only $3-$4 pre split and they will also remember that NB (formerly named NIOBF on the OTC pre split) shot up to $15.20 post split ($1.52 pre split) merely on news that NioCorp moved from a junior exchange to the TSX on March 9th, 2015. No financing news involved whatsoever. So, it is not inconceivable NioCorp could go up to $30-$40 ($3-$4 pre split) and then drift down in the days following upon major financing news like an $800,000,000 loan from EXIM "in my opinion" however there is no guarantee that will happen but it is not inconceivable either IMO based on this stocks historical performance on less major news (move to TSX in 2015, FOX Business News interview) and a PR that NioCorp secures an $800,000,000 loan is major major news compared to moving to the TSX or Business news interview with the CEO. This is my opinion, please do not rely upon my opinion, do your own research and come to your own conclusion.
Interesting to note that NB shot up 22.36 from $2.37 to $2.90 in after hours trading on Friday. I do not know, however, how many shares were involved.
https://www.niocorp.com/niocorp-announces-final-approval-graduation-tsx/
https://www.barchart.com/stocks/quotes/NIOBF/interactive-chart
Nobody is in charge. This board is for everybody including you. Share your ideas but don't attack other posters. That's my point and only point.
Well, I find you arrogant and ignorant too. So what. You like to pile on people. The difference is I don't initiate attacks. I only respond to them. Big difference. But, you like to attack people. Post whatever you please but don't attack people. In fact, the majority of your posts I find are attacks not due diligence or information from you that would be considered relevant to NioCorp, the investment or helpful to investors or fosters any kind of healthy conversation about the investment, the project, financing etc.
Glad I could make you laugh.
Let me put it straight. You attack. You get attacked back. Your nice. You don't get attacked back. Its that simple. And yes. I will not back down. But, always willing to smoke the peace pipe with anyone. You like to make snarky comments. Have I ever contacted you out of the blue and attacked you? Never. Responding to your attack. Yes. Initiated an attack. Never. So just stop. My comment has nothing to with you so but out.
Putz, I know you like to stir things up and argue with people incessantly. That's all good but its really tiring and a huge waste of time. You have so many great ideas that get lost in all the arguing which is a shame because you actually have so many great ideas.
Gman, I don't think you should refrain from posting just because there are a handful of nasty foul mouthed posters but can understand why you would be reluctant to post. This small group drove many of our European friends, Richard Thomas, chico, stark, grunt, boilermaker, Antler, Johanna and so many other great people, too many others off of this once great message board with their personal attacks. So much that I tried to start a new competing NB IHUB message board under the NB:TSX symbol along with stark but folks voted it down. And Richard started a Reddit NioCorp message board because he couldn't great voices with great information being trounced. I'm still here. They tried to push me off too so they could take over with their disinformation campaign and be kings of the cesspool that they so desperately wanted to create. Ain't gonna happen and if they attack, they're going to be attacked right back. I still believe we are going to get to a place where people feel safe to post and bring lost voices back to the message board but it will take strong voices to create that safe place to post. You are a strong voice and there are so many others out there who should or could learn to be stronger and post anyway. Don't let the crazies win try as they may. I invite you and others to get your super armor on and post anyways. We will get there!
Your full of it monocle. I saw that you gave a thumbs up to Putz asking if I was a day trader. I have wondered in the past if you short but was not sure because you can be very negative on the company but would never have suggested that you might be until I saw your support for his suggestion. So I thought, what the hell, if you are getting on Putz suggestion bandwagon, why not call you out for possible short selling. Not saying its true. But, if your going to get in a dig at someone don't be surprised if they bark back. You've also rubbed me the wrong way in the past many many times with your snarky comments to me and even more so recently and your not even a NioCorp shareholder so I don't know why you feel so entitled to jump on the board and and stir things up. Take away, be more careful what you say and be more polite and respectful to me and then you never ever have to be concerned I will push back. Se la vie. I guess the take away for many should be just because somebody is overly pro project doesn't mean their day trading and just because somebody is overly mgt critical doesn't mean they short. Happy to have a dialog with you when your not so critical and edgy with me. I believe in giving people 2nd chances and happy to afford you the opportunity to do a restart on the dialog. Have a great day!
Thanks for the update Jeunke. Sounds like the conference was a success and you were able to refresh your confidence in the project. 2024 would be nice. Pray to God there aren't any delays to sidetrack that goal. Wishing you a great weekend and thanks again! We sorely needed some kind of update either directly or indirectly from the company!
Walter. I recall the excitement of attending many shareholder and Town Hall meetings in the past and posting live from those events to share information of what was being said with the fine folks over in Europe and around the US and Canada who could not attend those events. Those events were very invigorating and a nice retreat but for shareholders. I appreciate the time you take to put on these conferences and willingness to share with all of us who could not attend the event what you learned.
Thank you!
PS: Best wishes on your wifes 80th Birthday and your game of golf!
AO
Walter, can you provide us with any visual presentation?
What did Mark Smith say about the status of the EXIM loan?
What did Mark Smith say about the status of the Stellantis equity purchase and off take?
What did Mark Smith say about when the FS will be finished?
What did Mark Smith say about how they intend to finance the FS?
What did Mark Smith say about releasing results of the pilot test results and economics for REE's?
What did Mark Smith say about when they would like to break ground?
What additional information not covered in my questions did Mark Smith share?
Thank you for your reply in advance and thank you for putting things conference together!
Assuming they don't acquire the technology by unscrupulous means, that's called the free market. Competition is a good thing. Not bad. It drives prices down for the consumer and fosters new innovation. NioCorp already knows how to separate and refine REE's. They did it at Mountain Pass more than 12 year ago. I wouldn't be so concerned with their ability to produce the technology to separate and refine minerals.
Monocle, there you go again taking what I said out of context and re packaging it with a false narrative.
Here is what I wrote:
"Th, we’ve seen this before and then stocks recovered on Monday. Not saying they will but remember Friday March 20, 2020? NioCorp lost a lot of market cap that Friday then shot up the following Monday."
That post to th is very clear and unambigous. Recover on Monday means from todays and only todays share price slide not yesterday not 1 year ago. From today. How and why you tried to spin another narrative is questionable. You know what I was saying but tried to spread disinformation nonetheless and see if you could get away with it. You didn't.
Please stop the disinformation campaign. It's childish. Thank you.
That's a horrible suggestion. I tried that and all it did is to encourage people to undermine and mischaracterize what I said and spread disinformation about my positions. I finally got what Putz had been saying all along which is he wants to know what people are saying about him so he can correct the narrative and set the record straight. While I have had folks on ignore, I have been berated and labeled as someone who either protects or defends mgt or day trading. I post positive things about the company not to day trade but because because I know the value of this mine and see no rational reason for the share price to go down but to go up and I rarely speak to mgt. They are not paying my bills and I am just as interested in transparency by mgt as the ones who are game playing, trying to divide investors with disinformation or selling the message board on a bunch of lies about the motivation of other posters or their positions. If you want to know what I think just ask me. Don't assume. Putting people on ignore? No thank you!
We are entitled to 15 posts. There is no restriction on IHUB. If folks stop throwing baseless claims out, there’s no need to reply with facts to dispel disinformation. If they do, I will respond and should. Your admonition should be directed to those who post disinformation not those who state facts or respond to disinformation with facts. Besides, didn’t you say you own no shares? Why do you care what is posted about NioCorp? And why would you want to suppress truth. Truth is an opinion backed up by facts not opinions lacking factual
support and information. Those are just unproven opinions akin to speculation and have no foundation in truth because they lack scientific facts to support the opinion. We need more facts shared on the message board not opinions. Look to folks like GMAN. He understand the concept I am expressing and does a great job dispelling disinformation which my objective as well.
I agree ge. Transparency is a good thing for investors and the company because it builds trust and informs. Go NioCorp!
I agree ge. Transparency is good. Go NioCorp!
Monocle, contact CNN and ask the reporter why he wrote that the 2023 financial market impacted the stock market. That his reporting on the market and I would think he would know better than either of us. And Bear Sterns wrote in March 2023 that after the financial crisis, forecasts in the following 12 months for a recession jumped from 25% to 35%. All of that speculation has since subsided and there has been no discussion about a recession in recent months to my knowledge.
Re your other comment I already agreed scooter was right at the time he made the statement so your preaching to the choir but he was wrong about 2023. Read the article.
Re your statement I’m concerned about NioCorp stock, wrong again. Your comment is baseless. Nothing I said indicates any specific concern about NioCorp stock or prospects. The comment I made that I hope my decision to invest more dollars was not a mistake. That would only be if NioCorp did not secure financing from EXIM and Stellantis. At this stage, I have no reason to be concerned that NioCorp is unable to secure financing from EXIM and Stellantis. If and when I do I will let everyone know. That is certain.
Please do not twist my words to make an empty claim. Thank you
I do however have some concern about World events on the stock market though my “opinion” is most of the time these impacts are short lived and the markets come back shortly thereafter. Let’s see what happens on Monday.
Th, we’ve seen this before and then stocks recovered on Monday. Not saying they will but remember Friday March 20, 2020? NioCorp lost a lot of market cap that Friday then shot up the following Monday.
https://www.cnn.com/business/live-news/stock-market-news-today-032020/index.html
I think this is the reason:
https://finance.yahoo.com/news/stock-market-today-tech-stocks-smoked-nvidia-tumbles-10-to-cap-worst-week-of-the-year-200313365.html
monocle, I said to a degree because SPAC IPOS jumped from 8 in the 1st quarter of 2022 to 11 SPAC IPOS in the first quarter of 2023.
In retrospect he was 100% right at the time that the trend in 2022 fell over 2019 but his prediction reversed in 2023.
And again, I don't think your claim that the financial crisis did not effect the stock market is accurate as that CNN article which was printed 10 days after the financial crisis indicated, "Silicon Valley Bank’s customers were frantically pulling their money from the California-based lender before US regulators intervened to take control. But the collapse panicked markets, piling pain on weaker financial institutions already struggling with the unintended consequences of soaring interest rates and self-inflicted wounds."
https://www.cnn.com/2023/03/17/business/global-banking-crisis-explained/index.html
Your welcome, Re your question. I don't know R&H. Can you reach out to mgt and ask them. Nobody but mgt can answer that question certainly not anyone on this message board. I can only speculate they have a plan to fund the FS but it has not been announced yet. That is certain.
Fair enough.Thank you for the reply though whether you post to me or someone else.you did post to PC, "Tell me, just how close to being bankrupt this company is at this time." I know folks can get emotional on a message board though that is an alarming and irresponsible statement unless you can back the statement up with fact. If everyone just sticks to facts, there will be no need to get emotional in my opinion and we can just debate on facts not emotion in the pursuit of truth.
I will not discount your comment re "97% of GX shareholders voting for the merger. That voting percentage was only so that they could see some benefit from the SPAC and redeem with interest and additional Niocorp share implications."
That is totally conceivable. Unfortunately, we will never know what their intent was because the financial crisis muddied the waters.
And to your point, "Regarding the uplist: I understand the reverse split wouldn't have done it alone, but it would have been a start."
I think had NioCorp proposed to NioCorp investors to do a reverse split on the OTC and TSX with nothing to show (a SPAC IPO money infusion or move to NASDAQ) NioCorp shareholders would have voted with a resounding NO.
And to your other comment. "Also, the downside from the merger (essentially losing money and increasing dilution) did not outweigh the quicker path to uplist (essentially taking over GXII's listed status)."
Yes and no. Short term, I 100% agree. Long term, I do not agree as long as NioCorp secures financing from EXIM and Stellantis which is a better deal than GX.
John,
See my replies to your post below:
AO - first things first: What is your question?
110966
110964
2nd: just because i don't own shares now does not mean that I may not be inclined to buy some in the future. That's interesting though why would you be interested in investing in a company that you claim is close to bankruptcy?
3rd: No, I have never shorted a stock and don't ever intend to. Thanks for clarifying.
SpecialK, to your comment, "The idea that NASDAQ was an upside is hogwash, in my opinion, since a reverse split could have accomplished the same without additional cash outlay to another entity."
First, a reverse split alone would not have qualified NioCorp to join NASDAQ just because their share price was higher. They had to have assets or revenue to join NASDAQ which NioCorp did not which is why they piggybacked on GX to make it to NASDAQ as many companies do (merging with SPACS) in order to IPO and join the NASDAQ or NYSE. I also outlined the benefits of joining NASDAQ in my previous post. See below.
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AlwaysOptimistic
Re: ALDRADJKD123 post# 110939
Friday, April 19, 2024 11:02:40 AM
Post# of 110977
No, the combination of GX shareholder money and move to NASDAQ prior to the merger was promising. Unfortunately, NioCorp received only a small fraction of the $200,000,000 in GX shareholder money but did succeed in moving to NASDAQ which qualified NioCorp to join the Russell 3000 where institutions were required to purchase a certain # of NioCorp shares in order to stay on the Russell 3000 and gave NioCorp access to more financial opportunities. Those additional opportunities would never have presented themselves staying on the OTC (Over the Counter Market). The current EXIM and Stellantis financing opportunities were not announced until after NioCorps move to NASDAQ.
https://www.forbes.com/advisor/investing/russell-3000-index/
"The index measures the performance of the largest 3,000 U.S. companies representing approximately 96% of the investable U.S. equity market."
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SpecialK, I agree with your statement that the SPAC was a disaster and said so in my post preceding your post.
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AlwaysOptimistic
Re: Truth and Transparency post# 110933
Friday, April 19, 2024 10:12:17 AM
Post# of 110976
Why would they? The opportunity to convert their shares was over more than 1 year ago. The banking crisis blew up the deal IMO and then the share price started collapsing. Why would they jump in seeing the share price collapse? They have moved on. Now is the time to get back in with the share price being so low and NioCorp seemingly on the cusp of major financing, not immediately after the failed merger or anytime until the share price fell below $3.00/share IMO. The merger was a disaster.
You still have not provided an alternative reason backed up with facts why those dollars never came to NioCorp even though approx 97% of GX shareholders voted for the merger.
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John, with all due respect, I believe you posted previously that you own no shares of NioCorp stock and do not short sale the stock. What exactly is your interest in NioCorp then? It's a fair question.
What are you talking about?
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AlwaysOptimistic
Re: iii_john post# 110964
Friday, April 19, 2024 2:13:31 PM
Post# of 110969
Please quote me where something I just said was as you call "BS" and not backed up by fact.
PS: you still haven't answered my question. Making the fear mongering statement you just did is hollow. Please provide facts. (articles, research).
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T&T, your statement is false as it appears you did not read the post I made to Putzmueler preceding your false statement.
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AlwaysOptimistic
Re: PutzMueler post# 110947
Friday, April 19, 2024 1:46:33 PM
Post# of 110967
In all fairness, mgt has not done a good job at staying on timelines. That's a fact.
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With your regard to personal attack comment. Please refrain from personal attack and stay focused on the conversation about the company not individual posters. Thank you.
Please quote me where something I just said was as you call "BS" and not backed up by fact.
PS: you still haven't answered my question. Making the fear mongering statement you just did is hollow. Please provide facts. (articles, reserach).
Well, there decision to jump is just like your decision. The closer NioCorp gets to financing, the more retail and institutional investors will consider jumping in. I just jumped in and bought more shares. I hope I'm right we are close otherwise it was a miscalculation.
You still have not provided an alternative reason backed up with facts why those dollars never came to NioCorp even though approx 97% of GX shareholders voted for the merge