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LOL! What writing is on the wall? Direct quote from the link you posted:
$3.00 price target for Mawson Infrastructure Group (MIGI) in H.C. Wainwright & Co. Industry Update report out December 5, 2023.
https://hcwco.bluematrix.com/sellside/EmailDocViewer?encrypt=961af80f-8f8d-42e1-8710-b1a4786a6085&mime=pdf&co=Hcwco&id=kevin@cameronassoc.com&source=mail
Of course he left that out. SMH
Bingo! B shares still trading at a nice discount to the BRK.A shares. Hmmmm......
AO, I had posted a response from Jim Sims earlier in the year and he said they did not need a completed updated BFS to pursue funding options. I believe a new updated BFS will come, but it appears the Stellantis deal and the EXIM process are not dependent on it or held up until it comes.
LOL! There could not have been any bids for NB shares on the OTC this morning. NB has not traded on the OTC in the US for over 8 months. And there is no correlation or relationship between the TSX and the NASDAQ. There are separate prices and they do not always track each other, much less with the exchange rate. The notion that an order placed in the US hits a Bid on the TSX is simply not accurate. SMH
New 3-year lows printing on AMC share price now. The negative equity equation will persist here unless or until AMC dramatically reduces its debt and monthly debt service payments on the interest.
Agree Putz. And, if all they were finalizing was putting the LOI on the Offtake into a formal agreement the timeline would be much quicker, but the equity investment is most certainly more complicated and requires the involvement of Attorneys, CPAs and possibly investment bankers, and that always adds time to the equation. I remain optimistic that everything will be finalized with Stellantis sooner than later, and before the EXIM transaction final approval.
Thanks Walter. As has been mentioned many times here on the board recently, Stellantis has clearly indicated/telegraphed they would be entering into both an offtake agreement and making a substantial equity investment in NB.
You haven't been substantively factual here ever. We all know your agenda.
Hmmmm.........The fact that the naysayers have really ramped up the bashing and are working so hard here to try to get those of us longs who hold substantial positions in NioCorp and have been here long term to cave and bail and sell our shares down here at this level is a great and positive sign, IMO.
Which also begs the issue of why are so many who hate this ticker and desperately want to see NioCorp fail here every day posting so much fictional spew? All of that nonsensical Bullshit isn't going to negatively impact this company or the project one iota.
That is my experience also NE. Jim Sims is very responsive unless one of us asks a question that cannot be answered due to a NDA or the fact that to answer the question accurately would involve an improper sharing of non-public information. Jm is very studious and careful with what information he can share. The flip side of that is that he makes it clear that when he does respond with specific information, that is to be deemed public and OK to share. But the notion that he ignores shareholders is just flat out not true.
Bingo! Exactly bio. Unless or until AMC dramatically reduces its massive debt load, too much of the revenue is going to pay the monthly debt service, specifically the interest payments on the outstanding debt. Last quarter AMC reported record revenue for a quarter, but still had to report the adjusted loss when special one-time and non-recurring items were excluded., which adjusted loss is the benchmark for analysts and investors. It sure would have been better if shareholders had approved the issuance of new common shares in mid-2021, which would have enabled AA and AMC to sell shares at inflated prices which were in the $45 - $50+ range (equal to $450 - $550+ post RS now). If that had happened no one would be upset with the financial situation and share price today.
Not to mention, Ryan Cohen has his hands full with Chewy and Gamestop (GME). And, the GME Board is really getting heat over the revelation in the latest Q that they want Ryan Cohen to invest GME's idle cash in other companies and create trading profits. That is being labeled an "insane" endeavor for the struggling publicly traded company. Of course, his experience there is a question, and he is still under SEC investigation for his large investment a couple of years ago here in BBBY, which he then pumped and dumped at a huge profit, just prior to BBBY heading into the tank and ending up in the dissolution bankruptcy.
You are ignoring your prior statements that shares should have been sold back in mid-2021 when AA and the company requested more common shares. Those shares that could have been sold back then would not be worth $450 - $550+ post-RS. AMC could have been debt free long ago, but for the APES opposing the issuance of more common shares back in mid-2021, and that is just a plain fact.
Sheeeeeeeesh!!!!!! Get real Stockman. As you have stated and agreed in the past, AA tried very hard to do the right thing and requested more common shares to sell and pay off or down most, if not all, of AMC's debt back in mid-2021 when AMC shares were selling way up at the ridiculously inflated prices in the $45 - $55+ range, which now currently equates with $450 - $550+ post-RS, and he could have paid down or completely off most, if not all, of AMC's debt at those ridiculously high shares prices with comparatively very little dilution, and AMC and all shareholders would be far better off today. But the APES waged war against the plan and stupidly opposed it, so AA and AMC were not able to take advantage of the inflated very high share prices. Had the APES not been so stupid back then everything would be much better now, and the APE preferred dividend and shares would never have happened as the workaround to reduce debt, and the share merger and RS would never have happened. The APES killed the chance back then to save the company and put it on solid financial footing coming out of COVID. These bullshit claims that the APES somehow saved the company back then are total nonsense.
Thanks Chico! Yet another great DD package.
Putz: The trade date is the date of record of such tax losses in the US, which would make it December 29th. However, why would anyone sell NB shares with Stellantis, EXIM and everything else on deck? It would be a real gamble wanting to wait the 30 days to buy back in hoping nothing would occur in the way of positive news.
There is a very simple and easy explanation for that. BBBYQ shares were cancelled and "extinguished" meaning they no longer exist. Thus, why you will never find them in any account or portfolio. When an entity merely goes under and the shares are not cancelled and extinguished the shares can still show up in your account for years with no value. And, there will NEVER be any margin calls on any accounts where BBBY shares were sold short and remained in short position on the date of cancellation and extinguishment, as all of those trades were wiped out, and no one in short position will ever have to cover those trades. All of the DD and rules on short sales in the BBBYQ total liquidation bankruptcy were posted here many times. In this case, as in all similar cases, no one in short position on the date of cancellation and extinguishment will ever owe anything to anyone on their BBBY short sale. They ended up being 100% correct on their trade and pocketed the 100% profit.
Not a Cowboys fan or a Niners fan. But the Cowboys have a weapon this year that no one else has. A former soccer player for the Dallas Texans (Aubrey), who had never kicked in college football or the NFL until this year, who is now 30 for 30 in Field Goals this year, and who kicked 4 last night, including a 50-yarder, a 59-yarder, and another from 60 yds. out! And from the looks of the replays, the 59 and 60 yd. FG's would have each been good from even further out than 60.
LOL! And, no matter how much one bashes the US Government and claims NioCorp is not real but rather a scam, The United States Senate does not appropriate $$$$$millions for entitles/projects that are not legitimate and real and are scams, and the USHR does not mention entities/projects that are not legitimate and real in official reports, and The EXIM does not invite $800 million applications from entities that are not legitimate and real, much less approve and pass it through the most important step to "Pending" status, and Deloitte & Touche does not accept engagements from companies that are not totally legitimate and very real.
#IgnoreTheBullshitNonsense!
Agree! I just read the exchanges this morning and got a huge laugh, as I do not check IHUB over the weekends. And, thanks DM for pointing out that most everything here is all in good fun. Unfortunately, not quite everything..
Correct. The $10 Million was in the Senate, earmarked by Sen., Fischer. And, the mention of our project in the House Committee report was widely disseminated and discussed here on the Board back at that time, but thanks much for bringing it back up to everyone's attention. All very positive pieces of the funding package, in particular the NDAA, which could very likely invoke more $$$$$$.
Good for Walter. I would not respond to such nonsensical Bullshit either.
LOL! SHe/He and the rest of them do not have the slightest understanding of how FTD's work or the daily REG SHO report. Your statement was entirely factual and understood by any experienced investors. And, FTD's are not cumulative. It is just a report of shares not yet delivered as of the close on the "trade date": in our T+2 trading system. Shares are not required to be delivered until the close of the 2nd full trading day following the trade date. FTD's have NEVER equated with short sales.
Yep. The only ones getting margin calls here are longs who stupidly loaded up on overvalued AMC shares on margin in margin accounts and then played the HODL game. The notion that shorts will get margin calls after a 99% drop in AMC's share price is laughable. But they will never give up and the children and grandchildren of the APES and Meme Stock Clowns will still be HODL'g and predicting the imminent MOASS for decades going forward. History will not be kind to the APE cult movement.
Correct timeline Gman. And, whatever independent firm or firms in the BDO alliance were involved had to complete the last late Q before resigning and starting the orderly transition. Can't know for sure but that could have easily delayed the Stellantis deal(s).
Sheeeeesh! Adam Aaron tried very hard back in mid-2021 to clear and pay off most, if not all, of AMC's debt at the time when AMC's shares were trading up in the ridiculous and grossly inflated range of $45 -$55+ per share, which now equates with $450 - $550+ on a post-RS split basis. He requested authority from shareholders for more common shares, and at those share prices could have sold a comparatively small number of shares at very reasonable and modest dilution, and AMC would be much stronger today and the APE Preferred dividend and the merger and resulting reverse split would never have been necessary. But the APES and Meme Stock Clowns fought AA and vigorously opposed the issuance of more common shares based and the Fairy Tale and myth that another short squeeze or MOASS was about to occur just weeks after the actual short squeeze in AMC shares. And AA could not get authorization for more shares to sell at those grossly inflated share prices. It was stupid and short-sighted for APES to oppose more common shares to sell at grossly inflated and overvalued share prices to pay down debt with very limited and modest dilution. And, it is truly disingenuous today to now blame AA for not being able to sell shares at this level to pay down debt.
What do you mean by "Stellantis deal" jmc? Formalizing the LOI for the off-take into a formal contract? Or a significant investment in NioCorp? I take it as a positive sign that we have not received formal confirmation on Stellantis, as it surely could have been done and formalized by now if all they were dealing with was the off-take. I believe it has become apparent that they want to do everything at once, and if that is the case, then an investment by Stellantis would require far more time and necessarily involve a number of professionals, e.g. attorneys, investment bankers, CPA's etc. Time will tell, but all indications out of Stellantis have pointed to a significant investment in NB along with the off-take.
Bingo! spot on true and totally factual and accurate post Hannibal! LMFAO!
Both have seen nice gains of late. Are you suggesting some other connection between MIGI and MARA?
Yep. Stellantis and EXIM, and then everyone will forget about the bad SPAC deal, and when the mine is fully built and up and running in full production there will be plenty of $$$$ to go around for everyone..
Cut out the Bullshit LCP! There have not been any free shares given out. The GXII investors who did not redeem paid .89 pre-RS for their shares. And that is a FACT. The OS prior to the merger and RS was around 280 million, or 28 million post-RS. The additional 5 million shares since then have all been paid for, whether by the GXII holders at .89 ($8.90 post-RS) or others who have acquired shares for cash, including the equity investments totally separate from those under the standby equity purchase agreement. Getting really tired of the Bullshit claims about free shares going out. SMFH over the sheer ignorance here.
I was merely commenting on the post regarding dilution. there will be dilution here and the dilution from the GXII deal would have been fine at that price if it had ALL come in with no redemptions. We have always understood the company's goal was to fund the project approx. 20-25% with equity financing which equates with dilution. Stellantis appears to be the amin equity financing partner based it telegraphing that it will make a major equity investment along with the off-take agreement.
Understand Putz, but if none of the GXII holders had redeemed there would have been a lot more dilution and there will be dilution if Stellantis makes a significant equity investment. The stated goal has always been to fund the project 20-25% via equity financing and 75-80% debt, which would be the EXIM loan and other debt financing.
Certainly more than $200,000 - $250,000 in the course of this $Multi-Billion overall project, given the financial projections going forward over the 30-40 year course of the production life of the mine.
Rader, I suspect some of that may possibly also be for the professional fees in connection with the Stellantis deal and the "pending" EXIM loan transaction. Of course, if as Stellantis has telegraphed, it will also be making a major investment in NioCorp, the amount raised in that small 75,000 share issuance is a gnat in the course of the overall project here.
But a nice share price recovery here this week for WBA.
Well, Cohen did buy that very large stake in BBBY, pumped it up and then cashed out with significant profits before BBBY crashed and burned, became BBBYQ in Bankruptcy, and then dissolved and cancelled/extinguished all shares. But all that did was make himself the subject of an SEC investigation.
Should pop once they announce the timing and details of the DeMint spinoff.