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You’re mistaken. You’re the guy that’s been trashing NioCorp. 😂
The Sounds of Silence
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Th, I’m appreciating more and more the warrants I bought given all the delays. Once NioCorp finally gets financed, the share price will go up and I’ll exercise them and buy more NB shares.
I sympathize. We all did. EXIM is Marks best and last chance to get it right.
I see your point but as you know this a huge mining project that costs over 1 Billion and is probably better suited for Govt help anyways because it is in their best interest that this mine gets developed and they also have the available funds to finance a project of this magnitude. What is the largest amount you have helped fund in your career?
Just put my posts on ignore if you prefer not to know what is happening out there in the mining world. I posted it to give investors confidence that the West is moving forward to rest control of REE mining dominance from China which will help push REE pricing up. MP Materials is down 75-80% just like NioCorp. At present, China controls pricing but that will all change with NioCorp and other Western mines coming on board.
Agreed. By helping out, in the process they also improve the share price which is a benefit to them not just retail so it would be a win win win for all!
Funny but true. It would be nice to know what financing they are pursuing. I'm sure they are working on it but we are as usual left in the dark. I think the BODs should consider fast tracking drilling and engineering by providing a low interest loan and get this show on the road towards loan approval! So far its only retail that's risked their money and MS's loans.
Their Titanium does not appear to be high in concentration. I'm not concerned about the competition. I see large projects in the Western hemisphere akin to multiple oil companies. As the World moves more to EV's, critical minerals will replace oil more and more and there will be plenty of room for big players like NioCorp. A distinct advantage also is that though this company will import REE's (via shipping) to the US, NioCorp has an advantage in terms of cost cutting transportation (rail), time to market and shorter distance to end users in the US.
Huge Rare Earths Discovery is Gamechanger in Americas Trade War with China
https://finance.yahoo.com/news/huge-rare-earths-discovery-gamechanger-233000427.html
"On June 10, Critical Metals Corp signed an agreement to acquire a controlling interest in Greenland’s Tanbreez project, which it says is the largest rare earth deposit in the world. Once operational, CRML expects it to supply Europe and North America. And on June 18 the company announced it had completed its initial investment for the Tanbreez acquisition, lending more confidence to the deal and further de-risking the transaction, according to a company press release.
Tanbreez is said to have over 28 million tonnes of total rare earth oxides, the company estimates internally, and nearly 30% of that is the most coveted “heavy” rare earth elements (HREE).
Given the success of MP Materials (NYSE:MP), a $2.2 billion market cap issuer that has a known resource of just under 3 million tonnes that is almost entirely light rare earth elements (LREE), CRML could be set for a significant valuation re-rate."
Interesting to note that MP Materials share price is down 75-80% since their peak in March 2022 much like NioCorps.
I think its a partnership between US holders and a Chinese company who owns a minority stake.
Correction: It was late when I wrote that. With more clarity, it was my understanding back then that Mathesons quote was for high grade scandium to be sold as a finished part using a partner like IBC. The Sc/Al came later. And yes, I now recall you and some others posted that $3500/kg was the going price at the time of the release of the FS so LCP was definitely wrong back then. Did not know Sc has dropped 50%. Incidentally, MP Materials (formerly MolyCorp) peaked in March 2022 at $57.50/share and is now trading at $14.04.share so the REE market appears to be lagging in general.
Here is my list of preferred financiers to help the co raise money for drilling and engineering work in order of preference:
1.) a grant or loan from EXIM (no dilution)
2.) a grant or loan from DOE or DOD (no dilution)
3.) a personal loan from MS or one of the BOD's (no dilution)
4.) a loan, grant or shares for cash from Stellantis (potential dilution if shares are given for cash)
5.) option for existing NioCorp warrant holders to exercise their warrants to purchase NB shares (dilution)
6.) private placement (dilution)
7.) cash for shares from Yorkville or Lind (dilution)
Thanks for clearing up that you were not seeking the role of CEO of NioCorp as that has been suggested a few times on the message board which I took to be true. I also understand you always had a disagreement with Mathesons #’s but I always understood that cost as not the cost of basic refined scandium such as Rio Tinto sells but as the cost of a specialty scandium alloy sold as a finished part using a downstream partner like IBC. MolyCorp bought and partnered with a company like IBC that manufactured parts for MolyCorp so I always thought the cost of scandium Matheson quoted was for the cost to the buyer of a finished scandium alloy part not raw bulk scandium. In all honesty, I think it’s a better idea that you speak with Scott and also Matheson as I always thought you and NioCorp were talking past each other on exactly what type of scandium product they would be selling. It’s never too late for you to have that conversation. With re to your interaction with MS, it’s hard to verify as none of us were there. My biggest complaint about the project is the constant delays. NioCorp always seems to come through on completing projects but almost never in a timely manner and there always seems to be one more thing they need to do before they secure major financing but to their credit they always do find a way to secure interim financing to complete various projects and I am confident they will find financing for more drilling and engineering work. My suggestion of lowering the strike price for exercising warrants was just a quick way for the company to raise capital. I don’t interpret rewarding NioCorp warrant shareholders as a negative or desperate as there are willing participants like Th who would gladly participate now instead of having to wait until after major financing for the share price to rise above $10 to exercise the warrants. It is preferable that NioCorp
shareholders are given the chance to benefit and not Lind or Yorkville and the co gets the funds they need to finish the pre requisites for securing EXIM financing approval.
What’s truly inane is that you own Zero NioCorp
shares and have no skin in the game though you claim to be a self professed “mine financing expert” but have provided Zero financing suggestions or solutions for how NioCorp can raise money for updated drilling and engineering so that NioCorp can get final approval for the $800,000,000 EXIM loan. Your only claim to fame is sitting in the peanut gallery for over 10 years bashing NioCorp and it’s investors and trying to obstruct and impede the project because of a supposed interpersonal dispute you had with MS more than 10 years ago which has nothing to do with NioCorp investors. If that is true, that would present a conflict of interest and your comments have to be considered in light of that dispute. Forget your past conflict with MS and contribute to solutions on this board instead of being a nuisance and obstructionist. You’re a mine finance professional. Act like one. EOM
Hard to say. The offer to convert existing warrants at a lower price could be structured as an elective, not mandatory, allowing those who prefer to convert at the original $10+ in place. Getting money from willing warrants holders now is a win win for both NioCorp and warrant shareholders. NioCorp gets the money sooner to finance drilling and engineering and warrant holders get to convert at a lower price. Th has already stated that he is willing to convert all or a part of his warrants for a lower strike price. 1,000,000 warrants x $1.75 is $1,750,000. Would be nice to know how many warrants shareholders retain other than Th to get a better picture of how much money would be generated.
Thanks for confirming that EXIM also requires addtl engineering. Do you know how much the drilling and engineering will cost? Would be good to know so we have an idea of how much money they need to raise for those specific items.
Good question. The options I have only seen in the past for the company to raise money are Private Placements, MS loans or money from the likes of Yorkville in exchange for shares which are diluting. Not sure if MS or GX BOD’s are likely to loan their own money or Belgians will step forward on a PP so it’s more likely we get more of the same: like diluting shares given to Yorkville or the equivalent. Instead of rewarding Yorkville on lousy terms, I propose rewarding NioCorp shareholders who purchased warrants prior to the GX merger disaster who bought warrants at a much higher price than today on the expectation that the GX merger would bring in $200,000,000 + and the share price would exceed $10+ after the merger. Instead, not only did the NB share price collapse because the GX merger brought little to no money to NioCorp but warrant holders share price has also declined though not as much.
The reason why the NB and NIOBW share prices have declined even more since the Railveyor CC is because of the announcement there will be a delay in EXIM financing approval due to EXIM now requiring additional drilling.
The only ones buying shares right now thankfully are those who believe NioCorp will raise the money to do the drilling, conduct more engineering and finance the revised FS.
But to push the share price higher, NioCorp needs to announce financing at a minimum to cover the cost of drilling which appears to be EXIMs only remaining contingency for loan approval. (Mgt has already stated a revised FS is not a pre condition for EXIM financing and addtl engineering has not been mentioned as an EXIM pre condition to financing approval).
My point is, unless NioCorp announces or plans to announce some non dilutive deal or less diluting deal with some entity to finance drilling, engineering or the revised FS, we’re likely to see more of the diluting Yorkville style financing. That being the case, why not extend an offer to existing NioCorp warrant holders who actually have skin in the game instead of Yorkville or the equivalent. The way to prevent warrant holders from dumping their shares would be to put a condition that warrant holders cannot sell their shares for say 30 or 60 days giving the share price enough time to recover on news that NioCorp raised money to cover drilling and the drilling commences.
In either case, an announcement of short term financing to cover drilling costs will raise the share price which would likely benefit the share price for all shareholders regardless if the financing comes from a PP, a loan from EXIM or MS (unlikely), a revised exercise price for warrant holders or Yorkville.
Regarding replacing MS, sounds good in theory but that is unlikely to happen anytime soon and most likely won’t happen until NioCorp receives EXIM funding.
The more likely scenario is that MS retires or leaves the company after EXIM funding along with his 2,500,000 shares (25,000,000 pre split) plus whatever new stock options/warrants he’s received post split and Scott Honan takes over as CEO. Until EXIM financing occurs, I don’t predict MS is going anywhere.
Happy to entertain any addtl creative ways other folks have for how NioCorp can raise money for drilling, engineering and completing a revised FS because until we get an announcement on short term financing, I am concerned the share price will bounce around just under $2.00 intel a PR re short term financing or an off take gets released.
Good question. The options I have only seen in the past for the company to raise money are Private Placements, MS loans or money from the likes of Yorkville in exchange for shares which are diluting. Not sure if MS or GX BOD’s are likely to loan their own money or Belgians will step forward on a PP so it’s more likely we get more of the same: like diluting shares given to Yorkville or the equivalent. Instead of rewarding Yorkville on lousy terms, I propose rewarding NooCorp shareholders who purchased warrants prior to the GX merger disaster who bought warrants at a much higher price than today on the expectation that the GX merger would bring in $200,000,000 + and the share price would exceed $10+ after the merger. Instead, not only did the NB share price collapse because the GX merger brought little to no money to NioCorp but warrant holders share price has also declined though not as much.
The reason why the NB and NIOBW share prices have declined even more since the Railveyor CC is because of the announcement there will be a delay in EXIM financing approval due to EXIM now requiring additional drilling.
The only ones buying shares right now thankfully are those who believe NioCorp will raise the money to do the drilling, conduct more engineering and finance the revised FS.
But to push the share price higher, NioCorp needs to announce financing at a minimum to cover the cost of drilling which appears to be EXIMs only remaining contingency for loan approval. (Mgt has already stated a revised FS is not a pre condition for EXIM financing and addtl engineering has not been mentioned as an EXIM pre condition to financing approval).
My point is, unless NioCorp announces or plans to announce some non dilutive deal or less diluting deal with some entity to finance drilling, engineering or the revised FS, we’re likely to see more of the diluting Yorkville style financing. That being the case, why not extend an offer to existing NioCorp warrant holders who actually have skin in the game instead of Yorkville or the equivalent. The way to prevent warrant holders from dumping their shares would be to put a condition that warrant holders cannot sell their shares for say 30 or 60 days giving the share price enough time to recover on news that NioCorp raised money to cover drilling and the drilling commences.
[t][/t]
In either case, an announcement of short term financing to cover drilling costs will raise the share price which would likely benefit the share price for all shareholders regardless if the financing cones from Yorkville, a PP, a loan from EXIM or MS (unlikely), a revised exercise price for warrant holders or Yorkville.
Regarding replacing MS, sounds good in theory but that is unlikely to happen anytime soon and most likely won’t happen until NioCorp receives EXIM funding.
The more likely scenario is that MS retires or leaves the company after EXIM funding along with his 2,500,000 shares (25,000,000 pre split) plus whatever new stock options/warrants he’s received post split and Scott Honan takes over as CEO. Until EXIM financing occurs, I don’t predict MS is going anywhere.
Happy to entertain any addtl creative ways other folks have for how NioCorp can raise money for drilling, engineering and completing a revised FS because until we get an announcement on short term financing, I am concerned the share price will bounce around just under $2.00 until a PR gets recessed.
No, you’re the idiot bozo with no brain or don’t know how to use your brain because you have no idea how to run a company or to raise money or you would have proposed something sooner. Bashing gives you zero credibility because you provide no solutions to either raising the share price or financing drilling, engineering or the revised FS. You proclaim to be an “mining finance expert” but instead have only been and continue to be an obstacle to both NioCorp and shareholders because of a dispute you had with MS more than 10 Years ago. You have Zero credibility. EOM
Addtl: the strike price would have to be lower than the current share price otherwise warrant holders would have no incentive to exercise their warrants and there should be a holding period of 30 days so the warrant shareholders don’t immediately sell those shares for a profit. This would be a quick way for NioCorp to raise funds for drilling, engineering work and to complete the revised FS. Again, the caveat should be proceeds can only fund the above objectives not company salaries, bonuses or stock options. With the news that NioCorp raised enough capital to fund drilling, engineering and a revised FS by raising money now through shareholders exercising warrants, the share price would appreciate.
Addtl: if mgt agreed to reducing the exercise price, the stipulation should be that the proceeds be used only for financing specific drilling that EXIM requires, specific engineering work that EXIM requires and to complete the updated FS. No funds generated by an amendment to the warrant agreement should be used for paying salaries, bonuses or allocating shares to company employees or BOD’s. NioCorp gets the money much sooner if they reduce the strike price now and warrant shareholders get to purchase shares cheaper (sub $2/share) and sooner than the current exercise price for warrants which is $10+. An amendment to warrant shareholders exercise price will benefit long term shareholders instead of companies such as Yorkville who have no Long term interest in holding shares and outstanding items that are holding up EXIM financing will get cleared up sooner. This new warranty arrangement would and should be structured this way so it’s a win win for both NioCorp and shareholders not just one side or the other. Dilution will happen either way if NioCorp sells more shares so why not offer shareholders the opportunity first.
Th, your idea is worth NioCorp considering. If the company was willing to amend the strike price from $10 to say $2, that would raise significant funds for the company to pay for the extras such as more drilling, additional engineering work and a revised feasibility study. From what my broker explained some time ago, the funds generated from exercising the warrants go directly to the company. If the company can raise money via a lower strike price in range of what the share price is today, it could conceivably raise the share price on news that NioCorp is back in the game with the funds they need to pay for more drilling, additional engineering work and a revised feasibility study.
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Mining/Resources Message Boards
https://investorshub.advfn.com/boards/boards.aspx?cat_id=148
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I hate to say your right but let me throw caution to the wind and say your probably right. For the first 10 years, it was the big pitch. Mgt could do no wrong. Everybody should buy, buy, bye! In the last 1.5 years, mgt can't do anything right he says. Not surprised if there is a financial gain for all the bashing. Why else would anyone spend so much time bashing if there wasn't? Between mgts endless delays and all the retail bashing, there isn't much middle ground to cheer about. Hopefully, like a neodymium magnet, the 2 negatives will cancel each other out and create a positive outcome.
https://www.magnetsource.com/pages/rare-earth-magnets
I recall from years ago that NioCorp owns other mineral rights/land in Canada. Curious if they would consider selling those rights and or land to raise money instead of taking on more debt/dilution.
Good choice. The warrants are a hedge against delays giving you almost 4 years to exercise. I still think they will get financing though disappointed we have yet another delay but if EXIM requires addtl drilling, as investors we have no say in the matter. Hopefully, this is the final hurdle and EXIM signs a contract after results are in.
You will be 98 and Th will be 94. You guys are really dedicated! JK. In any event, my take on Stellantis's off take, without knowing for certain, is that they are waiting like EXIM, for addtl drilling to confirm proven vs probable reserves which NioCorp will deliver with the new drilling. If Stellantis doesn't want NioCorps REE's, there will be plenty of other takers. JMO
People shouldn’t be doing either.
That's your opinion. Not mine. Not begging for anything. Doubt it will happen. Just expressing an opinion. Life goes on and if people are wise, they will learn not to repeat the same investing mistakes like selling their shares because short sellers like you try to scare them out of holding their shares.
Retail investors should be rewarded with the same low cost warrant options IMO. Especially given all of the dilution and share price depreciation. Retail investors losing 80% of the value of their shares should get some perk for having kept the company and mgt salaries solvent IMO.
Not running away. Just getting bored with the conversation. You need to go back to cult clown school and perfect your short selling act. 💤
Zzzzzzzzzzzz💤