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Important thoughts on 3rd Party evaluation: since the banks require this before funding it seems only logical that the German Government will also! Meaning the German Gov can't give an "in principle approval with is obligatory " unless the banks have what they need to give their final approval. But I would imagine, but I am SPECULATING that conditional approvals can be given?
Often in my banking financing background this occurs. Especially when there are many moving parts.
Just like a home loan or any Credit Facility conditional approvals are given, and becomes obligatory upon the achievement of certain stipulations within a specified time frame. Risk management principles never leave conditional approvals open ended. Hope this makes sense.
Does anyone know what issues specifically that the independent evaluation did not initially agree to?
Or simply needed more info to sign off on? Has anyone spoken to Jim Sims or Scott Honan about the specifics?
Management has told me personally in the past that The completed FS was necessary to move to the next approval level with German Guarantee!! And it is clear that the 3rd party evaluation of the "technical work" in the FS has a few hiccups!!
I imagine that often occurs. Seems like there are a few issues that Niocorp & there firm that did the FS and the 3rd party need to clarify and explain.
Thank you !!
Sorry for my poor tempered response!! It was unnecessary
Fireball so you KNOW what connections that board member has?
I doubt you do! Can't stand people who talk out of their butt!!
Ps list the connections she has!!!
Fireball & Goodlife: yes I'm aware of the board member you speak of who's focus and expertise is in government relations by the way!!
And I've learned in life it is not wise to assume that people know things!!!
In fact often they don't!!! Or have inaccurate info!
In fact I know more than most about this project. Only the management team and a few shareholders know more than me. I assure you most people are ignorant of this project. Sure they heard about it, big deal !!
Every heard of "quark theory or entanglement theory in quantum particle physics?" Now what do you KNOW about it??
Also anyone with an in with the Dunlop Family of Union Bank and Nelnet, same thing! But Nelnet is looking for opportunities. They must diversify within 7 yesterday!! Do to student loan servicing contracts with government. Nelnet invested 42 million in Hudl and about the same with Allo all within past 2 years!!
Nelnet has the ability to be a substantial partner!!
Warren Buffett, Charlie Munger, and
Berkshire team need to be made aware of why this is a good opportunity. If anyone has an in please make them aware in a respectful way of why it's a good fit.
At Warrens age he may be looking for legacy plays! Niocorp will be a revenue stream for 100 years or more.
Environmentally positive. Super Alloys are the future of metals. Hundreds of additional applications for all 3 resources: niobium, Scandium and titanium!! In Warrens backyard!! About 1 hr from his office to mining location. Warren loves America & Nebraska and the this is good for USA, Defense, Nebraska and the world!! Etc etc
Berkshire will reap strong benefits for years to come!!
I think Niocorp management is working very hard to secure financing!! Mark has a lot at stake personally. Yet the stock could slide to .30us or lower until solid news comes out!
About the German Gov Guarantee-
I remember Mark years ago saying thysenkrup wanted more than 50%!!
We still have 25% remaining to contact. If Niocorp chose to do that the Guarantee amount would probably go up to 180-190 million.
That might? Still be an option.
But it's wiser to have a more diversified customer base from a risk profile perspective!!
Always I hope and pray that your dream was from above !!!
Before I lost a huge amount of money
Once, (over $500,000) I had s weird dream that the stock was going to drop huge!!! About 6-7 weeks later it did !!! But I like a true believer refused to sell any !! I had been given several signs from God that should sell some shares !! But back then, it would have taken a full blown vision of Jesus to get me to do it!! I paid the price!!
Nope!! Never said one challenging thing until September. Again putz you have your facts wrong!! But that never stops you !!
Onion this is an amazing article please post any other research around that Kentucky Process if you can thanks !!!!
Can't believe no one commented on this !!! This is good and bad news !!!
First how can I invest in that technology? !!! Second now Scandium could become more available in short order!! The market for scandium is larger than anyone knows with 2,000 patents waiting for reliable Scandium. Now how many of those patents will see real productivity who knows? It could drive the price of Scandium down eventually? But it also puts scandium and REE's back on the map!
Also perhaps Niocorp could use this process to get out all REE's? Lots of unknowns!! Wow how things change!!
Landmark how many shares did Mackie buy?
Awesome post Advocate!!
Do you know for sure when he bought? Or has he recently increased his position?
Do you know for fact when Mr Coltura bought his shares?
Normally large credit situations, over say 100 million, often have Syndication Financing which is several lenders. This spreads the risk in case of failure. In principle lending is very different from investing.
Lending makes their profit from the
"Spread" which is COF cost of funds versus the interest rate of the loan.
Generally speaking loans are re-priced every 5-10 years. But can go fixed for 15 or 20 years. But many banks want to revisit rates. A bank may do a 20 or 25 year business loan and pricing is adjusted every 5 or 10 years. It would be extremely unusual for one institution to do a $600 million loan. One loan failure eats up a lot of income since they make their money on spread and fees.
I think Mr Sims has 3 kids in college!!
Can't read too much into how much he buys from personal resources
In previous conversations with Jim I've learned it's illegal for the company to withhold any news of substance. By SEC regulations they must release info as soon as possible that is relevant to shareholders!! Likewise even if he's 99% sure good news will be released, The company can't release news until its official and vetted by legal! So Jim can't play games with company news by law! And based on my conversations with him the company takes those SEC RULES very seriously!!
Cash Round Up!! Please read last 10Q carefully!! Shareholders could help company greatly if you know of groups or high net worth individuals with at very minimum 1-2 million.
There are various private placements that can be arranged. Brokered, Non Brokered, 506b's and 506c's etc
I know just a little about these, just enough to fake it lol, but far from an expert. But I Jim Sims is highly capable in this area!! So please forward names and contact info to Jim if you have any leads!!!
Maybe the company is about to announce a big short term capital deal, but maybe they need the help?!
But please forward info, it's a great buying opportunity provided project gets funded!!!
Walter God bless you for all the help you have and are giving to management!! I'm serious when I say you might well be "The MVP Shareholder in Niocorp!!" I personally thank you!!
Walter here's how I got the $15 share price. Currently 205 million outstanding shares. Based on 13 years in business banking with one of the largest institutions in the USA.
Financing will most likely occur in stages. The whole project will have "Commitments for the entire 1billion,
But funding will occur in stages."
Example: the first 12-18 months will consist of: dewatering, and building infrastructure, water pipeline, infrastructures to and from site, that gas line, improvements to roads adjacent to resource site etc.
let's say 200 million for first phase.
130 in loans 70 million in shares.
Shares could be anywhere from say
50cents to 1$? With 70-140 million shares? But share price could also be 1-1.50? Point is the equity portion will also be in stages. At 1$ 70 million obviously is about 70million shares not including warrants. But the stock price should rise considerably as funding is announced. At $5 share 70 million in cash is only 14 million shares. So way fewer shares will be needed. At $10 only 7 million shares etc!!
When all is said and done I believe the EBITDA NUMBER WILL BE BETWEEN 400-550 million, because I believe the ALL IN scandium price will be much higher than $3650kg.
So let's say there is 500 million outstanding shares? And I KNOW MANAGEMENT wants less than that,
But it's a fluid situation outside their control. Now for round numbers.
500million EBITDA and 500 million outstanding shares is a $1 EBITDA per share. With a price/EBITDA ratio of 15 a fair average of the S&P 500
15 x $1= $15 share price. Now some industries trade at multiples of 30!!
Which could yield a $30 share price!!
And once scandium is in the news and once people begin to understand it's incredible value!! There could even be a "momentum accelerator " to the multiple!! Yielding higher multiples in the stocks evaluation.
Then dividend announcements, further resource assessment, etc etc
Like I said I could put out a report worthy of charging for it on Niocorp!! I hope all this makes sense!
I'm typing on my phone so I won't go into further details, plus I gotta get to an appointment! But I hope this makes sense?
Walter now that's good information!!
And an intelligent response!!
Walter I have never accused you of writing nonsense!! And I normally appreciate anything you say!
And my posts are very sincere
Except when I responding to people who say nothing!!
I believe this project will happen or I'd dump all my shares asap!!
I do believe this is a $15-30 STOCK IN US $ after 1st full year of production!!
But I'm very concerned about short term cash! But I read in the latest quarterly report there is still most of the 2million credit facility that Mark put in place is still unfunded which is good!! The current ratio is poor!!
They need to raise at least $8 million to sustain operations for next year, and I don't believe that's enough.
But hopefully they have everything under control. Hopefully the newest board member has some great connections. Marks tone of voice during latest call suggests she is bringing high value to the table!!
Hopefully all my concerns will amount to nothing! But hitting constantly new lows in share price does mean something!!! But please always share your thoughts Walter!!
Another brilliant post by always !
I will no longer respond unless someone posts something meaningful!
LCP couldn't disagree more!!
A scam !! You loose all credibility when you say such nonsense!!
Please contact the SEC IMMEDIATELY!! If u think it's a scam !!
But I doubt you'll do that
Awesome find! And since there are some 1600-2000 scandium related patents filed in the recent past, there probably some unbelievable things!
Also I'd imagine this very high tech applications require the highest grade of scandium, I would imagine a premium price might be justified.
I've always thought it will be interesting to see the "all in average price for scandium!!" Some will pay
$3500 some as high as $6000-7000 per kilo!!! Which of course dramatically effects the EBITDA Number for any scandium producers!!!
Directors received 100k to 500k in options!!
I sure hope Nilsa earns the 500k options just granted!!
I trust Mark knows she is !!!
Here's a thought! Mark was on the board of CBBM(or CBMM) and knows that family well apparently. Why wouldn't that family want to put some money into Niocorp? They make millions!!! If I were them I'd take some of my many millions and do a private placement in Niocorp.
Can you Imagine say taking 5-10 million at .35 plus warrants and what would that be worth when this stock is $15-$30US?? Talk about growing the family wealth!!!
What about the 14 other companies who lost out buying Anglo American or the Canadian mine which ever was sold in the past 2 years??
Why aren't they jumping all over this?????????
By the way has anyone actually read the latest 10Q? That's the
legal document which is a quarterly report for those who don't know!
Look at cash on hand and current assets and current liabilities.
The word current in banking and finance means "12 months" meaning assets that are cash or can be turned into cash within 1 year an liabilities (debts/bills) due within 12 months. Niocorp is in serious need of cash!!
But one reason I invested a high percentage of my modest net worth is because Mark A. Smith has invested millions. So if I loose my 100+K Mark stands to loose a painful amount of money!
I do believe Mark knows what he's doing, or at least I hope he does!!!
One thing I'm learning is each mining project is actually quite unique and even though there are general guidelines as to how things should advance, it's also fair to say the guidelines most likely don't apply with any certainty?
Ok I predict this stock will be $80 Us in 6-8 years !!!!
And quite frankly I could provide an extensive report stating why!!!
Price should $3 us tomorrow based on the POWER OF MY WORDS!!!
ok Landmark what's your factual scientific evidence of the message boards influence on price?
You probably have NONE!! just more people talking out of their
buttocks !!!!
Walter, I'm sorry but that is pure non-sense!! If a posters words were so powerful, then one could literally move the price both up and down at will!! And if I had a choice I would move this stock to $5.00US in a nano-second! So what if shareholders post concerns and ask questions!! Most of the comments to my recent posts are void of any intelligent response!! Just pathetic emotional comments!! Talk about hypocrisy!! People have accused me of being emotional, can handle the heat, hurting the stock, etc etc. Some posters might have considerable experience investing in mining stocks and can enlighten the rest of us? But no such poster has should up? I call Jim whenever I choose to. Each of us has the same right!! How foolish you are to think a poster could hurt the price by expressing their honest thoughts is beyond me! Perhaps Mark is about to announce huge news? But there was tremendous vagueness in the last call!! That bothered me greatly!! I would have loved to heard Mark say : "I have no worries whatsoever about raising short term capital nor The Large Project Financing! Based on the amount of interest, we are in a great position to choose the best program for our shareholders!" But that wasn't said nor even hinted at. Rather " We are seeing traction" whatever the hell that means !!!!
Just because I asked:
What's going to keep this stock from sliding to .25US by xmas?
Have we been hurt by Mark holding 3 jobs? By the way I've wanted to ask that for a long time!
The answer could be Niocorp has been helped? you posters suck at good dialogue and debate!!
Example: Mark has helped Largo immensely!! That's actually proof of his abilities!! Perhaps a merger is in the works? Perhaps he was protecting his family just in case he couldn't raise the money?
Maybe Niocorp hasn't been hurt at all? Maybe Mark is a rare bird who sleeps 2 hours per night? A true advantage! Maybe we've been hurt? Every hour he helped other companies he was not advancing the interests of Niocorp, that's a simple fact! This is the big leagues, this is my money, don't get mad at me for asking things you're afraid to ask!
As long as the company doesn't go bankrupt we will all make a lot of money if we stay in!
So weird!! Where's the bottom??
Amen putz!!! Brilliant point!! Maybe we should be a family!! I suppose shareholders are a true financial family!! And families sometimes fight!! But when all is said and done
They have each other's back !! They can criticize each other, but if someone outside the family criticizes a family member the whole family circles the wagons!! I have over 75,000 shares in an IRA ACCOUNT.
I will keep those shares until the bitter end!
My non IRA shares are different? I'm debating on those!! Because I'm losing out on so many opportunities and I fear they won't have funding until March to June !!
Just my hunch !!
Enjoy the ride !! Roller coasters go up and down !!! Welcome aboard!!
Gee did some crazy person say next stop .25-.28us???? What a nut !!!
Or actually can anyone please say why it won't go there by Christmas?