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Nyc investor! You use China ' only'! Just for perspective the Asian/Oceania steelmarket is 1015 million metric tons which is 2/3 of the world steelmarket/production in 2018! May serve as indication for the importance of niobium.
MNGA, recognize the words 'he loves his shareholders' . Those words could come straight from Mark Smith's mouth. He knows most of us. I also remember Mark Smith telling me at Walters party: " The big guys are watching closely". That remark would align with your suspicion of ' being scooped up! ' .
Thanks, Johanna. Ik kan me nu voorstellen dat je een dubbel gevoel op deze dag hebt! Wish you and others good luck!
Suerte, those are your words. I would not use that word, if I were you. I think you are trying to achieve a profit from your investment, you maybe overly concerned that you might lose part of your investment and you are looking - like most of us - for a bit of 'fame 'on this board. For that last thing to happen, you need to come up with smarter remarks.
Johanna, I know for sure you had or still may have a mother. I wished you an enjoyable Mothersday, like others here (men) are wishing each other a nice Mothersday. Did not want to say anything controversial. If I did, I apologize.
Thanks Johanna, you bring cheerfulness, reason and some fun to this board. Of course we would all like to be rich, come monday! We need to be patient and give management time to pull this off. Enjoy mothersday!
KMack, what a nonsense. Have you ever met Mark or spoken to him? The man loves to deal with complexity and has enormous energy! Have you ever considered that his position at Largo gives him leverage in negotiations with banks and lenders?
I can tell you that his job and performance at Largo is very helpfull in his negotiations for Niocorp, as is his reputation in the mining industry, which he built over a long career!
Wow ... many messages! Rizzo, Suerte, Advocate, Wagner even busy on a saturday! The storyline reminds me of a book I read as a student, very long ago. " Die Leiden des jungen Werthers" from Goethe! The main emotional character draws the wrong conclusions all the time, works himself into a depressive state and ends up badly!
Let me first,in addressing your concerns,
refer to one of Walter's recent posts on what the company can and cannot reveal publicly! I can add that in third party negotiations ( take over, equity. debt) , the third party, likely a listed company, carries out the financial and business due diligence and they may involve their own or third party experts at will! Moreover the third party decides when an agreement will be published ( after proper due diligence and board approval). Special attention is given to potential future liabilities ( think water) or market risks. The market and marketdevopment for Niobium is known. Scandium is to be developped, but here pent up demand outweighs foreseeable future supply . Niobium prices are stable and seem to have risen beyond prices in the BFS. Nordmin is expected to deal with the water issue and to shorten time to production. Please focus on what already was achieved and is happening right now with Nordmin. This may well eliminate a possible future liability!
I reported long ago on ihub that the 'Chinese' offered to finance the project with interest free loans for extended duration. Mark Smith elegantly declined the offer at the time. ( just after the release of the BFS) If I know, lenders will know. Mark could always rethink his decision. I am saying this because there is a world out there, where things happen and from which we are excluded ( remember Werther)! My opinion: financing will happen soon and no need to act like ' Werther'!
Hetfield, sorry my previous message did not accept my smiley ! Enjoyed your little video!
Kobe Steel and Mitsubishi both mentionned rising prices for niobium in an article from 24 January 2018. Cannot paste link, but you can Google it.
Thanks Stark for your interesting article of the five most important future resources including scandium!
Advocate, I share your sentiment for an update, I guess everybody wants to hear about financing. Your analogy with the application of a permit in the public domain for your clients is not correct imo. In case of Niocorp we have probably two or more private institutions ( debt and equity) to deal with, different shareholder groups to satisfy, non disclosure agreements and competitive challenges. Huge profit and loss implications for all players. A permit is depending on well established criteria by public departments. It is a government service based on equality for all applicants. Its paid for by taxpayers.
Spunkmeyer, focus of article is very narrow and pessimistic!
Chicago is not the world, fortunately! Global population growing from 7 to 11 billion in 2100 and 90 % in low middle to high income levels! Plenty of room for economic expansion globally! Bankers are nor always good forecasters and visionaires. Existential angst is often more pervasive than logic. Hope Niocorp find some entrepreneurial financiers.
Wholeheartedly agree. Thanks for your perseverance to keep the focus on things that matter: science , product - and business opportuniiws.
Not an expert! News reporters here mentionned the resource but added no idea how to mine it, avoid pollution and damage to sea life, the cost of transportation etc! Understood that we should start worrying in the second half of this century! Human kind seems to know little on what is under the ocean floor.
Think even further. Assume the two biggest suppliers of the mine will operate as contract manufacturers. They invest and invoice at cost + basis! That would lower capex , interest costs! Question becomes how much will be the needed mark up ( profit). ROI would be stellar.
Like your thoughttrajectory. It fits with earlier suggestions on this board. Two additional observations. IBC should also be included in your scandium scenario. If equity and debt are obtained from one source i.e. Carlysle/Traxys than this party is also interested in getting the mine built asap. I imagine they would like to buy their equity position as cheap as possible and share ownership with as little shareholders as possible ( little dilution). That means asap! Could they provide say the needed 25 million (5%) for $2 per share and an off take for scandium as a collateral for 50% of debt financing? Maybe further debt financing by suppliers of the above and below ground facilities and the 130 million from the Germans as back up or security option?
Love it! Makes me laugh and I really should not. Advocate thinks he has good reasons to be nervous and I agree it takes longer than we all want, but I repeat, we are getting closer.
No. Scherzbold=Witzbold. By the way, Mark Smith said nothing special to me. He spoke of his injured right foot, which needed surgery for which he had no time at the moment. He was doing a lot of airline miles, expected to do a lot more. He was on a business trip to Europe and could make a week-end stop over in Antwerp.
As an Advocate you should understand I cannot reveal anything publicly which could be construed as inside information. You read between the lines. Difficult maybe, but you seem smart enough, Scherzbold.
Yesterday shook hands with Mark Smith at WalterC's wedding party in Belgium. Fantastic event, many corporate executives and a.o Niocorp investors present. Everybody in good spirit. Leave it up to Walter to comment on our investment here! Personally got away with impression that financing is closer than ever!
I told Lebby to be aware of the Russians and Chinese and less pattriotic individuals! Thisi multibillion business is of interest not just to private capital but also to state systems! Misinformation is a powerful tool.
Lebby is moving ahead full speed. Fact that world class scientists, development and fabrication engineers have joined LWLG in its productcommercialisation is further proof of its winning game changing P2IC's. Lebby's marketinsights, in depth photonics knowledge and excitement about LWLG progress here in Brussels were very convincing to his audience of corporate officers and scientists in the field of photonics. I hope I can add more shares to my portfolio before the ASM!
Great observation, Steve. Worth a sticky note!
Big Blue?
Like your way of thinking!
Great presentation , polymer photonics 50 Gig/s
prototypes ready. Polymer photonics back in fashion, here to stay, scaleable up to 400 and 800. The solution for huge markets. 56 pages. Please read to judge yourself.
Walter, I guess you mean to discuss inversors personal attacks on this board in Denver with management. Would be nice to see him argue with Lebby, Marcelli etc. Would also be more correct and fair! Blaming people on a public forum is not my 'cup of soup' but some people get an 'ego kick'! Mostly loosers, not winners in my experience.
Yes, lot of smart people on this board. That's the advantage of a democratic social platform. Everybody has one vote, whether you are smart or stupid. It should be clear to most here that LWLG has no debt at all and only around 75 million shares outstanding and is about to hit the market with an unique 50 Gig polymer photonics modulator and capable of ramping up production and scaling up in Gps. Compare that with biotech start ups. with hundred of millions in debt going through trials without certainty of outcome. LPC has been a tremendous help in getting us here!
Proto, the tour during the ASM should make this clear. My impression was they will produce in the new larger building.
Proto, did you see the list of business luminaries ( inclusing Intel and IBM) who did not win? Maybe something for this 236T guy to consider!
No, we will have to wait for that.
Proto, I believe we are now talking in weeks and months, no longer years. Been a long, winding road, but getting closer to home every day now.
Sometimes companies need to realize they need to change course and open up to new ways. Unsurmountable complex issues in design and manufacturability may lead to that realization especially if somebody seems to have the solution at hand and fullfilling all customerrequirements.San Diego may have led to this realization. For LWLG San Diego was a reinforcement that they are on the right path. The market and the photonics community could be more prepared to take polymer photonics serious. Sometimes you can be too early! LWLG may hit correct timing.
Despite some hype from competitors in San Diego re. 100 Gig modulators, producing and producing in replicable quanties seems impossible for some time to come. LWLG is confident it will be able to meet all customer requirements in time and in replicable quantities. No doubt we will hear that message during the conference.
Thanks Walter, I do not expect Niocorp to refer publicly to competitor pricing as some seem to suggest. The impact to Nio's bottom line is significant.
Suerte, this is financing too!
I am not an expert on global trade. Elk Creek is meant to replace imports of what the US government considers strategic materials and minerals. The US is currently 100% depending on imports. Europe, Korea, Japan and China are also depending on imports. Currently there is practically only one supply source : Brazil. The demand side needs another reliable supply source. Prices for Niobium are currently rising since demand is langer than supply. If a real trade war develops that would be good for local US steel and aluminium production. Conclusion for Elk Creek it works out positive imo.