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For the stock price without delays
https://finance.yahoo.com/quote/NB.TO/
Lysander read my post 60388. Nio will receive a loan of 200k at 1%
NioCorp Developments Ltd. (TSE:NB) Files An 8-K Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
Item 2.03 of this Current Report on Form 8-K is incorporated herein by reference.
2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
On April 17, 2020, Elk Creek Resources Inc (“ECRC”), the wholly owned subsidiary of NioCorp Developments Ltd., received a U.S. Small Business Administration Loan (the “SBA Loan”) from American National Bank, to the Paycheck Protection Program established under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), in the amount of $196,300. Under the Paycheck Protection Program Loan Note (the “Promissory Note”), the SBA Loan has a fixed interest rate of 1%, a maturity date of April 17, 2022, and no payments are due on the SBA Loan for six months. to the terms of the SBA Loan and Promissory Note, ECRC may apply for forgiveness of the amount due on the SBA Loan in an amount equal to the sum of the following costs incurred by ECRC during the eight-week period (or any other period that may be authorized by the U.S. Small Business Administration) beginning on the date of first disbursement of the SBA Loan: payroll costs, any payment of interest on a covered mortgage obligation, payment on a covered rent obligation, and any covered utility payment. The amount of SBA Loan forgiveness shall be calculated in accordance with the requirements of the Paycheck Protection Program, including the provisions of Section 1106 of the CARES Act, although no more than 25% of the amount forgiven can be attributable to non-payr
The move comes as Australia and the US prepare to sign a joint action plan on critical minerals and rare earths in Washington next week that will identify strategically important minerals that can be sourced from Australia.
From the Financial Times 14th November
Walter, Don’t you think Niocorp will issue a FS 2.0 ?
Yesterday they presented major changes in :
- price of Niobium
- water treatment
- new approach from Nordmin
- permitting
- future suppliers
In the end, it makes many elements to add or amend that will provide a more accurate picture of the future NPV
Concerning financing if I would be a bank or an investor, a project is nothing without permitting so I guess news on both topics will all come together.
When looking at steps that still need to be executed by engineering firm, March might be a good and fruitful month for everyone of us !
Financing is not the main issue, de-watering is the main issue. Without permit to dump water in the river, the project can’t be developed. If they can de-water the value of the project is 0. Look at the deal with Nordmin, they look for new solutions. Once this issue will be solved, it will be time to speak about financing ! Just a realistic approach from a big shareholder !
http://m.lesechos.fr/week-end/8-matieres-premieres-critiques-pour-l-europe-0301265410737.php
Sorry guys in French but very interesting
Walter, could you send me details of the meeting in Antwerp. I would like to check if I will be able to attend it.
My mail is : pouf3@hotmail.com
Thanks in advance
The warrant incentive is closed since the 17th of June
Why is there no release on the result of that incentive ? T'm curious to know how much did they raise in term of cash
Does anyone knows ?
Compliance Issue
Isn't it a problem that Mark owns the warrants. As an insider in the future transaction, he has no interest that the share price goes up ...
Just a question !
Mark has a fifth of the Special warrants
I guess if he exercised the figure explained below, it will be another injection from him of around 2.7m of cash into the company
And another sign of trust in the project.
On November 10, 2014, Mr. Smith subscribed for, purchased and acquired ownership and control of 4,132,232 special warrants (the “Special Warrants”) of the Company at a price of $0.55 per Special Warrant pursuant to the closing of the private placement (the “Private Placement”) by the Company of an aggregate 19,245,813 Special Warrants at $0.55 per Special Warrant for total gross proceeds of $10,585,197.15. Each Special Warrant will entitle the holder to receive upon exercise or deemed exercise, for no additional consideration, one unit of the Company (a “Unit”). Each Unit is comprised of one common share of the Company (a “Share”) and one transferable common share purchase warrant (a “Warrant”). Each Warrant will entitle Mr. Smith to acquire one additional common share (a “Warrant Share”) at a price of $0.65 per Warrant Share until November 10, 2016. Accordingly, upon conversion of the Special Warrants, 4,132,232 Shares and 4,132,232 Warrants will be issued to Mr. Smith. On exercise by Mr. Smith of all Warrants issued pursuant to the exercise of his Special Warrants, a further 4,132,232 Warrant Shares will be issued to Mr. Smith.
More warrant at 0,65 if the Compensation options have been exercised
(businesspress24) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 12/04/14 -- NioCorp Developments Ltd. ("NioCorp" or the "Company") (TSX VENTURE: NB)(OTCQX: NIOBF)(FRANKFURT: BR3) is pleased to announce that it has entered into a sponsorship agreement with Mackie Research Capital Corporation ("MRCC") and will retain MRCC to provide strategic advice on several initiatives being analyzed by the Company.
NioCorp has entered into a sponsorship agreement with MRCC, as the Company is exploring the option of listing its securities on a more senior North America stock exchange. In consideration for its sponsorship services, MRCC will be paid a cash fee and issued 250,000 non-transferable compensation options (the "Compensation Options"). Each Compensation Option shall entitle MRCC to purchase a Unit at a price of $.60 per Unit. Each Unit will consist of one Common Share and one Warrant. Each Warrant will entitle MRCC to acquire one Warrant Share at a price of $.65 per Warrant Share for a period of 2 years from the date MRCC delivers its sponsorship report. There is no assurance that the Company meets the listing requirements of any senior exchange at this time.
If all the warrant offered on November 2014 are exercised, Niocorp will have more than 11m of Cash which is the amount they are looking to finish the BSF
Question : Are the warrants included in the exercise of this special warrant included in the computing of the current fully diluted figure?
I'm going to continue my research on the net to find out the other issuances of warrant at 0.65
Vancouver, British Columbia – November 10, 2014 – NioCorp Developments Ltd. (“NioCorp” or the “Company”) (TSX-V: NB, OTCQX: NIOBF, FSE: BR3) is pleased to announce that it has closed a partially brokered and partially non brokered private placement of 19,245,813 special warrants (the "Special Warrants") at an issue price of $.55 per Special Warrant to raise aggregate gross proceeds of $10,585,197 (the "Offering"). Mackie Research Capital Corporation (the "Agent" or "MRCC") conducted the brokered portion of the Offering on a “best efforts” private placement basis.
Each Special Warrant is exchangeable at any time after the closing date of the Offering for no additional consideration into one unit of the Company (a “Unit”). Each Unit will consist of one common share of the Company (a “Common Share”) and one common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder thereof to acquire one additional Common Share (a “Warrant Share”) at a price of $.65 per Warrant Share until November 10, 2016.
The Offering took place by way of a private placement to qualified investors in certain provinces of Canada, the United States and Europe under applicable private placement exemptions.
Mark A. Smith, Niocorp's Chief Executive Officer stated: "We are very pleased with the results of this capital raise and the confidence being expressed in our company and its people. This additional capital will allow the Company to continue its rapid development of in-fill drilling, pilot plant testing for metallurgical purposes and ultimately, the finalization of our full feasibility study. Insiders of Niocorp have subscribed for $2,287,715 in the Offering, showing our strong belief in the Company's development plans. We are also pleased to welcome Alberta Star Development Corp. ("ASX") as a significant shareholder. ASX bought 2,800,000 Special Warrants, for proceeds of $1,540,000. We wish to thank all those involved in completing this financing in very difficult market conditions."
Just a new boss of external affairs which is a pro in com.
That's it
Check Silver
For those how know technical analysis silver will come out from a falling wedge
Which is a very bullish configuration, objective : more than USD 20 an ounce
No more volume on Niocorp which is good, RSI will come down and stockprice will breath a bit
Last year it tooks more than 10 days to touch 1.90 so keep cool
Enjoy the ride
Much better. I'm in line with you Vlasic
It goes right in the direction of the technical analysis
Speculation will do the rest to boost the share price objective
Thanks to fanatics drinking to many Heineken and Chang on the beach
Landmark, your figures are not right.
You forget the future dilution to raise the 1bn to construct the mine.
Those figures will be published in the BFS with the level of debt they will be able to raise and the shares they will have to issue.
Anyway technically, my friend in the dealing room is bullish on the stockprice.
What he sees is a possibilty of correction to CAD 0.60 that we don't have to exclude. But on the bullish side once 0.90 will be broken. He thinks that we could retest the CAD1.90 level ( and a also a long term canal to CAD 2.30)
It's sad I can't publish the picture but when you look at it, his bullish feeling is crystal clear.
Yesterday it was a healthy correction at the end of the day, when you look at the RSI, the index is over 70 which is a sign of overheating.
Doses anyone have info about Leede ?
I m looking everyday to buyers and sellers on stock watch and Leede is new in the game
What is specific is the fact that they are only selling small amount of shares. And every trade are always around bigger amount of shares. As I learned in books those activities are specific of flash trading that are often not the friends of investors.
If you look trading in cad today they are pushing the price down ...
It would be interesting to investigate on them
Thanks for your precision
It confirms my first impression. The deal and his structure + covenants is not a good deal
It s the first time I see a so complicated one and the reason is due to uncertainty on every mining activities or the moment
We need precision from M. Sims concerning this deal that will insure the market that we are not entering in death financing spirale
Keep in mind that in its last message Sims stipulate that the 10m was only necessary to pay the last bills and we should still need around 10m to finish the FS
Now with the 5.3M the project is mostly financed. it would be nice to have some info about the advancing of the it
I also would like to know why Mark Smith is not communicating anymore on Niocorp in interview and meeting anymore.Maybe he is spending to much time on the other company instead of Niocorp. As you can remark since his annoucememt of new function in the other company the price of Niocorp keep falling
I don't want to pass for a basher but it s bad news on bad news for the moment
Hope that at the beginning of the year we will have an off take agreement or something to have a quarter as good as the one of 2015
Sorry guys I'm losing patience
It was much more funny last year on the TSX.V
High frequency trading
The stock is in the hand of robots that are managing the price to make you pay more every time you act on the TSX.
My arguments :
1)The larger spread at the opening narrowing furing the session
2) The volume at the opening and at the end of the session
2) The small volume of buy and sell before and after some biggest movement(i.e 500 shares at 0.75 = 375 CAD/ At this price you pay more fee than the price for the shares)
3) The fact that we are on the TSX which is one of the most manipulated stock market
It's time to leave this market if wee seek for safe heaven ...
BTW I'm happy with the PP and the reaction of the stock today- it gives a sentiment that everything goes as it has to go. But I'm not sure the amount of cash remaining will be enough. Therefore I hope for a good news with an offtake and the payment of a premium.
Cheers
It must remain 700 000 of cash. We will have some news in October as they will run off of cash
But what will it be ? Another debt issue by MS or a dilution. Very curious on the following.
Strategically I would issue a good news I.e off take and a bit after propose a new pp
It was in the beginning of July
They are consuming 500 k every months
I know it s not based on a fixed consuming but we could say that in November they will need to find more cash
Ok with the idea ? I would be interested by your thoughts
Does anyone remember when did Mark borrow the 2 million to the company
Knowing the amount of cash stated in the presentation, we could have an idea of how much they are consuming on a monthly/ weekly basis
Thanks for your answer
Sorry to repeat but look at page 16. PEA2 figures are decreasing in front of PEA1. And the title is we are creating value. It's not logic. And what about the slide 17 and the title ... What do they want to say?We are also missing the duration of mine life , the number of warrant and the shareholding structure. But I m happy they still have cash, I hope it will be enough to go till the bfs
.
Correct me if I m wrong but on pg 16 every figures of Pea 2 are decreasing
Is it normal ?
Isn't a error on page 2 about the pre-tax NPV : 875m
As I can remember itwas in billion
What did change ?
NYC and PEA2
I hope they will publish the PEA2 before going to NYC. But 45 days from the 4th of August is around the 20th of september.
It would be a terrible support to present the project. If they are logical they should publish it just before and update their corporate presentation on that time either.
As I can remember last year, we didn't see lot of volume on the TSX after the meeting in NYC, but they had not such exceptional result
Let's hope this year deep pocket will come to the meeting...
I'm going to ask them what is their level of cash and how much do they spend on a monthly basis.
I made a "wording" research on the company website and found no mention of Niobium but a lot on Titanium.
Hope Niocorp will knock on the door of Warren for offtake agreement.
Wait and see
Précision castparts corp : next acquisition of M. Buffet
Have a look on the net of what they are producing ....
I find it very interesting for us
Sorry for my english
It's not my mother tongue
I agree Vlasic - They are very bad in term of timing and PR.
I keep in mind the interview of Mark just before the quotation on the TSX.
He was smiling and saying that the figures was tremendous and their should be released in a week
Share price went up till 1.90. But with the delay for issuing the PEA it went down as quick as it went up.
And then "BAAAM", release of very poor figures and drop down till the price of the warrant issued between 0.65 and 0.80.
And now cherry on the cake, they are issuing a PEA2 on the beginning of August without any details but showing amazing figures. It's like saying to an empty room that they did "Hocus Pocus" to obtain impressive IRR, Cash flow ....
I'm sure we are in good hands, but not in terms of communication.
If they want to find funding "equities speaking" they will have to act better, if not the dilution will be very huge.Especially when you are in the Hand of the "TSX boys" that are specialist to manipulate keeping mining share price volatile and at low level.
By the way, I really hope NB.TO will disapear and be replaced by a quotation only in the USA.
Cheers
Next step 1.05 CAD
I was wrong on the timing sorry for that
0.83 on stockhouse
I hope 0.84 will not resist
What a bad timing for issuing a PEA. Volume on markets are very low. I'm normaly something optimistic and positive but when I look around me, nobody is working, we couold nearly close. I would be curious to see if the volume will follow today on those good news.
It's the second time that the timing for issuing news is very bad.
Pffff
You take my last post and the two points of your boll are my support/resistance in CAD
Hope the inverse head and shoulder will act as it has to be and will reach 1.05 CAD
If it goes back to the lower boll I'll be long at 0,65 for the last time before the BFS
A Belgian investor ...
From my friend ( technical analyst)
0.84 CAD Key level ( support that became resistance)
It's possible to see a devlopment of an inverse head and shoulder since 15th of may.
If it's the case we could see a support on 0.67/0.60 and in general we could break 0.84 afterwards going till 1.05.
And on a LT basis ( log basis) , strong support at 0.75 CAD
Just have one quastion : How do you know their were an exercise of Warrant last week from Mackie ? Where do you find the info? This movment was very wierd IMO
Have a great day
Does anyone knows where it's possible to know how many warrants has been issues/ exercised / remained
It should be a public info but where could we find it ?
0,90 cad is one of the strike of warrants issued. Isn't weird that we stay at that level ?
This company is full of surprise and emotion
Ok lot of thinks are unclear to be able to have a good idea on the finance of the project
But another friend working as engineer in mining sector told me that we are in good hands with SRK
They are known as managing very well their reputational risk by not taking project that are not consistent
He also confirmed that we need more operational info about water as the type of process is vey polluting
And his third remark was based on the fact that with the leasing it could be difficult to extend the perimeter of the mine. Which is not a problem as we see bigger grade when we go deeper
What I really would like to have from now are 2 infos ( pea and lease agreement)
I think it's on his way and the latter is maybe delaying the pea
Any thoughts ?