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LM: The EXIM loan approval process, including all required steps and stages, in order to obtain the formal letter of commitment, takes "6-9 months." We are coming up on the end of the 5th month next week, since the filing of the formal application.
LMFAO! The potential use of the NOL's already went out the door, and anyone wanting to use them would have had to acquire the company and pay off the debt. And, anyone who wanted to use those also had to continue the same essential business, and anyone who wanted to do that would not have let all of the decent assets of any value, including the trade names, leases and IP, go to Overstock and Dream on Me. Not to mention the Bankruptcy estate has been essentially dissolved and the shares have been cancelled and extinguished. There are no shareholders any more. SMFH
#Ya'Can'tFixStupid
Hmmmmm.....I assume you meant $10.50 ($1.05 pre-RS)
LOL! Not to mention all of ALDRAD's many, many posts over a long period preaching the Hold on For Dear Life (HODL) mantra of the APES and Meme Stock Clowns as he incessantly pumped AMC and GME on a daily basis all the way down from their inflated highs in 2021 while they steadily dropped and lost 99% of their value. ALTURD did not like it and put up lots of juvenile posts when others (your truly included) posted factually and truthfully over there either. SMFH
#JustMoreBullshitfrom ALTURD
Thanks Richard. Great factual information regarding NB and the project and a little Chico with the morning coffee.
Bingo! And, authoritative information was posted here repeatedly after the BK filing for dissolution that shorts NEVER have to cover in a BK like this where the shares are cancelled and extinguished. But let the ignorant APES and Meme Stock Clowns believe they still have a chance, and let them continue to spread the false Bullshit about bringing down "Kenny" and other banks and financial executives which everyone knows is based on previously debunked bogus conspiracy theories. It's a free country and they are free to spew Bullshit and lose all their money,and they are free to mistakenly believe that everyone who posts factually here shorted BBBYQ or is a paid shill LMFAO!
LOL! So true! Ignore ALTURD. He has no credibility whatsoever and knows nothing about this project or NioCorp's confirmed resources. YOUr Dad stated it perfectly with regard to ALTURD
It did not turn out the way we had hoped. It was truly unfortunate in timing that the deadline for all GX II holders to decide redemption vs moving their equity to NioCorp, after GX II holders voted overwhelmingly in favor of the deal, came during the week following the Silicon Valley Bank collapse where there was serious fear of contagion to other banks, potential financial crises that never developed, etc. And, yes there were professional fees and expenses. The deal ended the way it did and I moved on long ago. When the mine is built and fully up and running in production there will plenty of $$$$$$ to go around for everyone. And, if we use more debt vs, equity funding there will be less dilution. My point in response to the post was that the GX II holders who did come on Board all paid .89 per share pre-RS, which now equates with $8.90
Sheeeeesh T&T! You cannot claim they did not bring any capital to the project. Their GX equity was transferred over in cash to NB at the cost of .89 per pre-RS share, which is now equivalent to $8.90 per share, which made them some of the largest shareholders of NB. SMFH
There has not been any gifting of shares to GX insiders. I inquired about that and was told anyone claiming that was not interpreting the deal terms correctly. it is very complicated. Let's see what happens going forward, but as of today, every new share issued on top of NB's total outstanding shares pre-deal and RS, has been paid for. But as we move forward, we should keep a close eye on any new shares going out, e.g. Stellantis will get shares in any resulting equity funding deal. The main focus right now is on the EXIM loan, which will be on more favorable terms than other potential debt funding. If that comes through, which I expect it will, then everything else should fall into place.
Great post. All excellent questions that need to be answered Zippy. The constant references to "they" have become laughable.
I agree Janice. But it all goes back to the mentality of the APES and Meme Stock Clowns who have consumed so much tainted Kool-Aid that they actually somehow believe all pf the previously debunked bogus conspiracy theories, fictional fantasies and Fairy Tales, and that the meme stocks, e.g. BBBYQ, AMC and GME, are going to bring down Jamie Dimon, Ken Griffin, Larry Fink, and all the big banks and Citadel and Blackrock, none of which individuals or entities give a rat's ass what goes on with any of the meme tickers, or have any significant exposure whatsoever to the meme stocks. Heck, Bank of America was supposed to go down due to GME and AMC 2 years ago. LMAO! The fact that they actually may believe the stuff they peddle is hard to fathom. But they are totally ignorant and have no knowledge or understanding how Failures to Deliver work and what they are, how short selling works, what happens to equity holders in a bankruptcy like BBBYQ, etc.
#Ya'Can'tFixStupid
Yep! Would be interesting to see how those idiots who filed the frivolous motions and appeals feel if they get hit with $30,0000 - $40,0000 in court ordered sanctions and an order to pay the attorney's fees of every party to the BK proceeding for having to respond to the frivolous filings. That looks to be the next step.
Duke: There has not been any large transfer of shares to GX. The total outstanding shares did increase from the prior approx. 28 million shares to the current 32.9 Million shares outstanding, which includes shares issued pursuant to interim PP's. But all of the GX investors who did not redeem paid .89 pre-RS (now equal to $8.90) for their shares.
Bingo! The docket entry regarding the frivolous claims of certain retail investors is very clear Janice, as is the ruling that there simply are no equity interests left here. As I stated yesterday, the APES and Meme Stock Clowns have never been able to comprehend actual facts or reality. The continuing and ever-growing ignorance and stupidity on the part of the APE Cult and Meme Stock Clowns never ceases to amaze.
OLB has until April to come back into compliance by trading at $1.00 or above for 10 straight trading days as it did last time this happened. It should not be trading down here based on its historical trading ranges. And, with the major event approaching with the spinoff of DeMint into a pure
bitcoin play, and with Bitcoin currently soaring to new 12-month highs, once the record date for the spinoff is announced, and investors realize they can get the dividend and own 2 separate companies in the end, the share price should move up smartly. After all the FinTech portion of the business, which represents the vast majority of the company, is very strong and it has only been the purely non-cash depreciation and amortization charges against earnings in the Bitcoin area of the business that have resulted in the requisite reported losses.
LOL! So very, very true zippy.
Janice: He has never been able to comprehend actual facts or reality. The continuing and ever-growing ignorance and stupidity on the part of the APE Cult and Meme Stock Clowns never ceases to amaze.
LMFAO! Did you see HyTurd's (HYMC) 10-Q filed yesterday? Another total disaster confirming no mining operations and no sales or revenue for all of 2023 thus far. The defunct mining company (HYMC) just issued another 10-Q confirming no revenue whatsoever for the quarter, ZERO.......ZILCH.......NADA, not to mention no revenue whatsoever for the entire 9 months of 2023 ending September 30th.....ZERO........ZILCH.......NADA! At least HYMC did not incur any productions costs for the quarter as it still does not produce anything since completely shutting down all mining operations 2 years ago this week in early November2021, before AMC invested the $28 Million in early 2022. Of course, by not incurring any operational costs, along with no revenue, HYMC held the overall loss for the quarter to ($15.7 Million) and its year-to-date loss for the 9 months to ($43.5 Million). It is likely only a matter of time until Adam Aaron and AMC sues HYMC for fraud. If HYMC doesn't file for bankruptcy first. SMFH
Bingo! AMC and Adam Aaron spent $28 Million of AMC shareholders' money on the ill-fated investment in defunct mining company Hycroft (HYMC) which just issued another 10-Q confirming no revenue whatsoever for the quarter, ZERO.......ZILCH.......NADA, not to mention no revenue whatsoever for the entire 9 months of 2023 ending September 30th.....ZERO........ZILCH.......NADA! At least HYMC did not incur any productions costs for the quarter as it still does not produce anything since completely shutting down all mining operations 2 years ago this week in early November2021, before AMC invested the $28 Million in early 2022. Of course, by not incurring any operational costs, along with no revenue, HYMC held the overall loss for the quarter to ($15.7 Million) and its year-to-date loss for the 9 months to ($43.5 Million). SMFH
Agree Putz, coupled with very favorable terms under a loan from the Export-Import Bank (EXIM).
LMAO! It isn't. Just checked and there is no ability to pull up BBBYQ or BBBY on any exchange. Everything comes back cancelled shares and ticker. SMFH
IBC's Engineered Materials Division had its own President, Mark Doelling, who oversaw everything in that division. He was fired the day before the report came out and he should have been fired. But, his division of IBC, and whatever happened there, have no impact on, or relevance with regard to NioCorp. Talk about grasping at straws to try to run down NB and its leadership. SMFH
Bingo!! Spot on true post. HyTurd's (HYMC) disgraceful paid promoter has spread nothing but Bullshit for years and has been totally wrong every time. Wasn't today supposed to be "Super Tuesday" when all of SG's Bullshit predictions came to fruition and the Bogeyman got smashed? LMAO!
Yep. Earnings report was fine and strong, including revenue, but then in the conference call they predicted some softness in the current quarter going forward and the share price got hammered.
And it has nothing to do with NioCorp (NB). It occurred in a different company and the manager in charge of that area was fired the day before the report came out. That manager has never had anything to do with NB, so it is irrelevant here. As for your statement in the other post regarding ESG, NioCorp spent many months developing its auditable ESG program, which became a requirement with most debt lenders over the past couple of years on projects like this, as detailed in the Town Hall meetings in Nebraska late last year. So please stop discussing problems in other companies that have nothing to do with NB.
LMFAO! Look at the dates in those entries! They are from April and July, and neither Icahn nor anyone else ever pursued any of those potential options, or bid in the auctions for the assets of either Bed Bath and Beyond or Buy Buy Baby. And, the final plan was approved by the court and it did not include any of those items or options. Not to mention the shares of stock were cancelled and extinguished. End of story. Too late for any of that.
Duke, if you recall, in the US everything opened back up for a bit in mid-2020 that summer and I, along with others, thought we had weathered the storm, but that turned out to not be accurate. As you state it was wrong. But I will not apologize for a post from well over 3 years ago (39 months ago to be exact) dug up and put out here today. And, since he/she operates out of Belgium and Syria, he/she would not know what the situation was here in the US back then.
#JustmoreBullshitoutofMoha
-3.3% today and GameTurd (GME) now trading in the $12's. Single digit share prices on the horizon as GME continues its downward trajectory.
Agree 1-for-10 will not be enough with the Reverse Split here. HyTurd (HYMC) may very well be down selling in the mid-teens, e.g. .15 when the RS hits, leaving HyTurd (HYMC) in danger of falling below $1 again.
Sheeeeeesh Duke! How many times have we gone over this! We all know what happened in January of 2020, namely COVID hit. And, once COVID hit everything shut down and we had a totally risk-off environment for a long time where no lenders or other entities were doing any deals like this. I still believe it was Techmet, and they struggled during that time period and backed off and out of everything. It was not at all surprising that noting happened over that following couple of years if you go back and re-live what we all went through. I respectfully believe you ought to sell any NB shares you have and move on if you are as angry as you appear.
Wow! Lots of information in there, after clicking on the "read more" option, including all of the e-mail exchanges with Jim Sims and his responses. My favorite question and answer from Jim Sims:
Thanks Richard. Very positive material.
Nice call 1vman. AMC dropped significantly today right after your post. Hmmmmmmm.......
Agree it should easily cross the $5 mark. either before the DeMint spinoff or after the spinoff in combined value.
What is who waiting for? Who are "they" and what are "they" waiting for?
No. There are always heavy losses at this stage of a mining project, and those amounts are a gnat compared to the financial metrics of the project once fully built and operational. I remain confident the mine will be fully funded and built. Per the last BFS, once the mine is fully up and running in full production the payback on the debt is very quick under the circumstances, and we want far more debt financing than equity financing. There was always going to be a component of equity financing but that, of course, causes dilution, so more debt is preferable.
Funds from transactions and sale of equity interests, as detailed in PR's. As previously emphasized on numerous occasions, the mine will be funded 75-80% with debt financing and 20-25% through equity funding.
Good catch Lubins. I copied and pasted the wrong table, and the post is no longer up. But, there is some cash flow from raising of funds, etc. in response to his question.
Agree. What is interesting is that based on the short interest reports from Monday am and this am, it does not appear that there was any significant short covering in the bounce back in share price, but perhaps the reports are not fully updated daily, and we should wait to see what the reports from the various services indicate next week.