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Awesome article!! And though this is a member sponsored site, which amounts to promotional and advertising. It still is a solid read !!
I think the language in the latest release about CEO injecting cash to accelerate financing might be critical.
Perhaps some institutions wanted to see more cash on balance sheet before doing a deal of a certain level?
I know the company follows the straight and narrow on things.
Marks multiple trips to Europe, I think 3 in all are probably quite significant.
My guess is company needs 150-200 million to begin first phase of construction. Remember it's 12-18 months to de-water the mine!!
Apparently each project is unique.
It could come in stages or it could basically all come together simultaneously. They honestly won't know the answer until it's done. Probably fair to say this deal could come in stages. But.....?
I know they're working hard and Mark wants it sooner than later.
Also from my talk with Jim:
The company is "VERY PLEASED" with the level of interest banks and investors have displayed towards Niocorp. I've had numerous conversations with Jim and he sounds truly upbeat and positive. There is much he can't say do to legal restrictions and has to make all financing comments via public announcements. But it sounds like there is plenty of interest in Niocorp!!
The multiple trips Mark Smith has made to Europe are worth noting!!
I love the integrity of this company!
I think good days are but a few months away!!
Just spoke with Jim Sims. I learned that the 100 page Report is a 3rd party
Technical Engineering evaluation of the FS that banks ultimately require. Banks want independent review of the
Technical Work done in the FS. The 3rd party firm was contracted with before the FS was completed. The 3rd party evaluation is NOT SLOWING up financing efforts. In other words the banks and major equity players take months to analyze the FS. And ultimately require the 3rd party TECHNICAL review.
Typical financing of a project this size can take 1-2 years to complete. But Niocorp has a very aggressive goal to achieve financing in under a year they think in terms of months!! But that is a goal!! Financing is done when it's done there are many moving parts and milestones along the way!!
I also learned that Jim is no longer able to post on this board.
You're making good general points!!
The fact that others with 1billion plus shares trade at $30+ share is good general info.
Landmark much appreciated!!! Looking forward to the days when we are on a major us exchange!! I sure hope the new investor update in November will have some good news !!
Omaha your share prices match my sentiments spot on. I've bought and sold quite a few shares and sit in the 125k range. Some in retirement accounts and some in non-retirement.
If this ran up to $2-$3 it would be such a short term blessing. I've bought everywhere from .40us to $1.06 (ouch)
I fully believe this is a $15-30 stock after production and dividends to come within 3 years of production.
But with further resource assessment this stock could one day see $70-80.
But for now let's just get over US$1!!!!!
Amen wex!!
Like I've said multiple times I suspect many of us Niocorp investors have NEVER SEEN NOR BEEN AN INVESTOR in a greenfield junior mining company and seen it all the way through to production!!! I know that is my case.
I love this company, I believe in the integrity of all the management team and I am UNBELIEVABLY EXCITED ABOUT THE FUTURE OF SUPER ALLOYS!!!!
That's what's so frustrating about this stock, why don't all these big money people see it and jump on it?!!
There is a lot of capital in the world,
It would seem a no brainer to jump all over this !!!!???
But I'm just a newbie at this mining stuff!! Whats a billion dollars to major insurance and investment firms!!!
Or large institutional funds!! Hell, I forget how many billions are in Harvards foundation account!!!!
Excellent post! Except for one thing.
Niocorp and the firm doing the FS
KNEW the cliff notes version was needed for financing. I'm very surprised the first I heard of it was at the Townhall on September 8.
I think the FS was released on Aug 10th or 14th? I'm surprised it wasn't completed by Sept 8!!
If it's what the big money people need
Then that is code blue!!!
Also Scott Honan told me personally he was up late emailing the FS to all
Critical parties!!
Does anyone know for FACT that the 100 page FS summary is not completed?
Todd!! Wow!! This info is amazing!!
I wonder how Aluminum-Scandium Alloys will play out in 3D printing possibilities!!??
Big thanks to Walter!! Excellent info !!
Honest and straightforward!!
Excellent question to personally ask Mark, Jim and Scott this week. Take notes. Ask direct and tough questions
Respectfully but not afraid to be direct!! We're talking about our hard earned money on the line. Also by bring in Niocorp I pass up all other opportunities with that money !
Missed gains in other things is a real cost!
Please send us updates!!!
Excellent factual observations!!!
Awesome news and info!! Northcott could have bought shares cheaper!
Yes this is probably a way of signaling confidence to the market!
Keep in mind Northcott knows everything since they are arranging financing!!
Good to hear and I sincerely mean that !!! And do you mind me asking? And sorry if I don't remember? Which country do you reside in? Thank you
Critical thing and I will call Jim Sims up about: Banks are waiting for the 100 page synopses of the FS!!
When will that be completed and distributed to everyone or has it been done already? I will call Jim today on this and post the answer.
Again it's Very difficult for me to believe this project WON'T HAPPEN!!
The need is way to great! I think many of us thought the minute the FS comes out BAM WE ARE OFF TO THE RACES IN SHARE PRICE!! How many of us even knew the banks really want the 100 page scaled down version?? I sure did not!!
The Governors recommendation and the congressional inquiry into scandium are actually 2 of the MOST IMPORTANT PIECES OF NEWS!!
Common sense says the Governor and his office wouldn't do such a thing without some due diligence and a little birdie told me they did their homework!!
The congressional and DoD thing is quite simply an EARTHQUAKE ANNOUNCEMENT IN THE DEEP OCEAN of which the TSUNAMI IS COMING!! How long I don't know but I strongly believe it's coming!!!
(Ps on my previous post I put maybe Mark Smith is a fraud... hopefully people understand I was being facetious !!) also Walter stated that Jim and Mark made a killing on Molycorp! Does Walter know the facts? Or is he again being irresponsible with his statements.
That stock dropped like a rock and options became meaningless very quickly!!! That's something I factually know is true!! Especially ones that couldn't be exercised until a certain date. Just like Scott Honan has currently options that are underwater and would be stupid to exercise when it's cheaper to go buy shares on open market!!! Sorry for disjointed post! Combining things, if I post to much I get cut off or I must upgrade!!
I'm currently trying to learn how to budget!! Something I've never really done!!
Walter if you have warrants that means you are a "qualified investor" and those are some hefty qualifications to meet. Unless your in Europe, which may be different? Of course you could have misrepresented your net worth to get in on placement?? Personally I feel the requirements of being a qualified investor for private placements is way excessive!!!!!!
I think there is some truth in what you say but also potential falsehoods!!!
Mackie "barely competent"? What does that mean? In an earlier post you stated that management said the project was now "completely de-risked" which I challenged you to prove. Which of course you did NOT PROVE AND TOOK THE CORRECTION. Your language has become quite frankly emotional to the point of losing truthfulness. Perhaps there's something else going on in your life?
Maybe you're going broke and have become desperate? Perhaps you feel misled? Perhaps many other things?? It seems you are correct the Lind deal was not the best but money was very tight at the time! Perhaps Mark Smith is a fraud and this whole thing is a joke? But then Gov Ricketts will be really pissed off !! So will everyone at the DoD or in the congress who got suckered into believing in this project!!!
I appreciate your disclosure and truly wish you the best. And of course you are free to be excessively emotional and even wrong on this board. But in the past I truly valued your comments but when you start saying clearly false or exaggerated things you're hurting your own credibility.
At town hall mark said the financing was looking like a 60% debt and 40% equity type package which is a standard type arrangement from what management has told me. Though in the past due to German Guarantee and solid contracts for niobium they could possibly see a better arrangement like a 70/30 split. I'd like better numbers but at this point we'd all be doing cartwheels just to get it done. It seems there might be several players in putting this deal together.
But company needs a private placement or capital infusion to see this thing thru to financing. Anyone know anyone or a small group with say 2-5 million give Management a shout !!! I'm sure they'd set up one of those deals where you get 1 share and 1 warrant per "unit". That's the way to go !!!
Excellent comments on the board!
Northcott is definitely helping with financing and has seemed to be the major player in that area for Niocorp although other institutions have been mentioned. I would see this as a solid expectation from Northcott that financing is around the corner.
Great compassionate and wise advice Jim !!!
Please go to item 11 under executive compensation in annual report filed 9-1-17. And perhaps you can enlighten everyone as to exactly the change in pay for executives from 2016-2017? Learn to deal in objective truth!! It's good for our brains!!!
Hint 2 received ZERO raise!! 1 received a small raise and 2 received a substantial raise!! See if you can find the facts and why??
Make sure you know your FACTS exactly how much raise was each given? If you don't have facts you're just spreading rumors!!
You'll get one vote per share like everyone else!!! You probably won't effect things much unless you have a
Million shares or more
Absolutely but that's always been the point!! But do you think Scott Honan and Jim Sims would be still involved if they had doubts!! I know Jim had 3 kids in college he can't afford to not get paid!! He's a pretty smart guy and I'll bet his wife would be just a little pissed off if the bills don't get paid!!
Also remember Mark said " a very successful investment banker in New York City is helping with the project"
Also they are meeting with engineering firms who are open to helping with the financing!!!!
Mark has millions of his own money on the line !!!!!
Apologize for being rude!! Sincerely!!
That's because the clock starts once financing is raised that's why there is about a 6 month blank space in charts!! Its all about show me the money!!! Hope that makes sense
Look at the charts in the recent town hall !!
You need to read carefully!! Warren has never had a presentation! Mark wants to present to him!!
Yes yes yes !! Remember the level of accuracy of PEA's is more like optimistic speculation! Which is why BANKS DO NOT USE THEM IN MAKING FINANCIAL COMMITMENTS!!
In one sense shred the Pea's.
The FS IS REAL!! Get in the present moment and stop relating to old statements on old info!!
Read the FS !!! Forget everything else !!!!!
Let's several of us send a letter handwritten to Warren Buffet and Charlie Munger explaining the merits of this opportunity.
Warren already has an incredible legacy, but he could add this to his LEGACY LIST!!
Environmentally good, super alloys: stronger, safer, lighter last longer! Less materials used!!! Good for Nebraska, USA and defense!!
Rebuilding America by rebuilding infrastructure with USA produced elements!! Etc etc
Oh yeah : YOU'll be making MONEY FOR THE NEXT 200years minimum!!!
And making the world a better place !!
I want financing like YESTERDAY!!!
I'm allowing those time frames so I don't drive myself CRAZY!!!
Personally I have a good feeling we'll hear good news some time between January and March!! Regarding financing. There could be some announcements made about being in negotiations with specific banks and capital equity partners. Remember the lending portion will most likely be a Syndication of Banks!!!
Here's one view: as s shareholder I /we have hired Mark A. Smith to develop this resource and acquire financing. When I sell the stock I have in essence " fired management from my financial holdings!"
When I buy " I have in essence hired management". When I'm in a holding/wait and see mode, then I'm exactly that!! Holding and waiting!!
I think it's only fair to give management 9 months ( probably up until 12 months would be the limit on being fair) to raise 1billion$$$
That's from August 10, 2017 when detailed FS came out until May 10, 2017. Then I'll review whether to fire management, buy more or stay holding a bit longer!!!
Remember by law, Canadian and SEC the company must release any material change in the company as soon as able!! They have a LEGAL OBLIGATION TO DO SO!!
At the same time, they must be very cautious about making Forward Looking Statements that can effect shareholders decisions. They basically can't say anything until its done!!
They can say what they are working on, but can't make promises outside their control!
But as a shareholder I want NO INSIDER INFORMATION THAT COULD HARM THE COMPANY OR ME!!!
Yet I'm always trying to read the tea leaves through due diligence!!
In my opinion it is a huge mistake to sell right now! I won't sell any shares until maybe May or June 2018. I'm giving Management until June 2018 to raise the financing! Why would anyone else due different? I've been in this 3.5 years. Unless you have much better opportunities or are afraid of a total economic collapse I personally don't see the wisdom of selling!
Key point from Town Hall many probably missed. Regarding engineering firms, Mark said, (I'm quoting by memory but it's close):
" The new development in that field is that some engineering firms help with the financing of the project."
I suspect it's by their own capital infusion or helping obtain financing,
because that firm stands to make HUGE MONEY!!
The detailed engineering work will cost $40-$60 million dollars!!!!
I suspect the San Antonio firm they are visiting this week HAS DEEP POCKETS!!
I also heard through someone I have high confidence in that a Hedge Fund manager in Texas has taken quite an interest in this project. I might add a hedge fund manager with access to large capital pools! To all you negative Nellies and Neds happy selling!! I don't recommend it but your biz is your biz!
I'm just a janitor with an opinion !!!!!
Mark Smith said at Town Hall but I'm going by memory: Financing could be announced in as few as 3 months but everything will have to come together in an amazing way for that to happen. Most likely longer than that.
Now, Mark is not even going to hint at 3 months if it were not a possibility. But it's probably going to take 6-9 months for financing.
Mark also said: A very successful New York investment banker told Mark, just pause, capital pools form when capital pools form. And this banker is helping Niocorp with financing!!
Here are some recent IMPORTANT DEVELOPMENTS that can help us read the tea leaves in advance:
1) The DoD and Congress have officially started researching and dialoguing with companies that contract with the the DoD about what are the uses and needs for Scandium if 100 tons became available in the market from a US supplier within 5 years. This is a GAME CHANGING ANNOUNCEMENT!! It's a tidal wave!! An earthquake went off in the deep ocean but just like a tsunami it takes awhile to hit shore, but it's coming !! Remember the DoD may or may not stockpile Scandium? That's not really what's important! It's all the companies that do business with the DoD that will buy and contract with NioCorp long range that IS IMPORTANT!
2) Gov Pete Ricketts nominating Niocorp as a company and project of significant importance to our country!! Seriously!! For the Governor to put his name, and endorsement on a project is HUGE!!! If you don't think the Governors office and team didn't do a little homework before that, then well you are frankly...blind, dumb, stupid, dishonest or any combo!
Like comedian Ron White says " You can't fix stupid!"
3) All the state and local officials at the Town Hall putting their reputations on the line. From Senators, to Natural Resource Directors,
the Gov, etc etc
4) Look at the quality of NioCorp's Board of Directors and do some due diligence on who they are! Remember high quality people take their reputations seriously!! They do not want to get involved with some loser deal!!! The higher the quality person the more opportunities they have. I would imagine some people on the Board turned down other opportunities to take on NioCorp.