This one is getting set up for a huge run. It looks like the market is ready to let it move. News is due out any time regarding US availability, Debit card release, and App should be out soon. Also they are looking to move to the big board. The potential here is huge Im loaded up and wont unload until we are over 20 dollars!

That will be the catalyst for the next leg down. See ya at 60 cents!

shorted this one today

I went short here today with a 46$ july put.

Thank you Alberta voters! That was an easy double.... Now I wait for a dead cat bounce an do it again:)

bought back a 40$ june put this am. Go NDP!

Closed my short position on this today for a small gain. The market seems as if it wants to run.

I sure keep that rule in mind. The markets are due for a pull back and a stock like this will get slaughtered if it is a big one!

Bitter? LOL

None taken! I sold Largo for a 6% loss. I bought it hoping for a Mark Smith bounce that is all. After his flakey BNN interview followed by a disappointing PEA I ran! That is all I wish every one the best of luck but sometimes you have to read the writing on the wall and move on.

I just wanted to help Landmark in his quest to answer the question of why this stock is trading so poorly. The market has already decided that the price will go down. It is people that have fallen in love with the stock that are keeping it were it is now. Be carful is all. This company is after all a very long way from making any money. Downside risk is huge!

Time will tell wont it? so far I have been very right on this one and saved myself close to 80k because of it. I have been burned many times before so this is experience talking. Do yourself a favour and walk away from this one!

Keep dreaming Landmark! this stock was a sell on the day of the pea release. It was a classic sell the news! You have fallen in love with this stock and love hurts.... The market is trading at high levels right now just wait until the market pulls back again and then you will really feel the pain of falling in love with a stock. I can see Niocorp going down 50% from here if not more

Call me crazy but this stock has run way to far given the price of oil. I am short this stock and will continue to be short until there is a meaningful pullback.

Im out! Thanks for all the help here, its been a great run. Good luck to all the longs

It will be interesting to see how many shares Mark Smith picked up along the way as he was doing his due diligence. I know with Niocorp he was a investor before becoming an insider.

I jumped into this one today. I see a bright future for the share price with Mark Smith at the helm. I am looking for a 50% bounce in the near term.

Good luck to all invested in this vanadium gem!

Mark Smith will take over as CEO of Largo Resources tomorrow. It will be interesting to get his perspective on the company and to see what plans he has for its future. I picked up some shares today in anticipation of a "Mark Smith bounce"

I have been a lurker of this board for many years. Although I had hopes of seeing this project go to production I am happy to be out at .48. I learnt a lot trading this stock and also made some money along the way.

Good luck to everyone in their future investments!

On my insider report it shows Peter exercised 1,350,000 options last week.

This was a perfect set up for a pump and dump.

If Mark had kept his "cards close to his chest" we would have been in much better shape. Anyone who may have heard a whisper that the PEA was to be delayed would have been all over shorting this stock.

I am not an expert on valuation of a company at this stage. But given the risks that are still overhanging this project I would guess a bid to come in at 30-40% premium over the 52 week high.

That is true! I just hope we find a floor sooner rather than later. I am in the camp that thinks once the PEA is released a buyout offer will not be far behind. I think that Mark would know such an offer is in the works and that (to me) would make Marks move to Largo make a lot of sense as he would have plenty of cash to become a major shareholder and turn that company around.

This is why you never go on BNN and promise a major news release the following week when it is not ready for Monday morning. Now every day that passes without being released will be a down day. It is always better to under promise and over deliver.

news out!

financing closed

I hope your right Harry. This stock looks to me like It is ready to explode to the upside!

I have been holding since the QRE days then doubled up my holding when Mark joined the team.

Longs will be rewarded IMO

sure but each unit was a common share at .55 and a warrant at .65. What I think has happened is that the common shares were issued but the warrants have yet to be exercised.

Im not sure I am reading this right.

How I see it is that 20 million or so common shares were issued that is why the jump of shares outstanding was around 20 million had the warrants been exercised as well, would we not have seen a jump of close to 40 million?

I want to be wrong so please correct me if I am :)

Bellow is from the Jan 15th news release. The way I read it is each unit is potentially two shares. One common share and one warrant for a total of 38,491,626 shares (if all the warrants are exercised)

The prospectus qualifies the distribution of 19,245,813 units (the "Units") of the Company issuable upon the deemed exercise of 19,245,813 previously issued special warrants (the "Special Warrants"). Each Unit consists of one common share (each, a "Common Share") and one common share purchase warrant (each a "Warrant") of the Company. Each Warrant entitles the holder to acquire one Common Share at a price of $0.65 each until November 10, 2016.
Read more at http://www.stockhouse.com/news/press-releases/2015/01/15/niocorp-receives-receipt-for-final-short-form-prospectus#yCpXSQbZ5iI7s0tf.99

Thanks for the laugh Gary! I don't mind drinking while I wait :)

The value will be found in the recovery rate. Without it all one can do is speculate. I have a large position that says we are a go. Mark Smith has a much larger position that says we are a go. I don't mind riding on the coat tails of those who are much smarter than me!! The CEO here is top notch and it is great to see him putting so much of his own money into the project.

I would think that the market is waiting for the results from metallurgical testing. Without the results it is very hard to put a value on this company. I am very confident that results will be good if not great!! Then we will likely see gains of 100+%.

It is also nice to have a CEO with deep pockets. According to Canadian Insider Mark picked up 4,132,232 special warrants. It is great to see the man at the top putting his own money on the line. Great things to come for this one!!

Does anyone know how long it takes to have a metallurgical study done?

This was taken from the October 22 news release...

"Closing of the first tranche allows the Company to enter into contractual agreements requiring deposit funds, and to commence the mineralogical and metallurgical studies to be conducted with recognized industry leaders, including SGS Canada Inc., of Mississauga, Ontario."

Thanks