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Your point is well taken, it would be nice if we were actually doing one thing instead of potentially doing many.
Oops, I guess we are doing one thing, waiting.
So that’s why they’re keeping the price low, so we have 90 days to file the required information.
Mark Smith is Brilliant. lol (or Dean Kehler)
Good due diligence, I did not realize they had so much time.
Not to mention the FAA has no ooops factor. They have to make certain what’s going up is going to stay up unless something out of Space X’s control brings it down.
Canadian and USA miners like NioCorp are under a different umbrella.
The FUA
Federal Underground Association.
We Canucks lovingly refer to it as,
FU ehh
*******
After-all it costs a hell of a lot less to bury you underground if you’re already there, vs scattered all over the surface.
Sounds like you know him well, and have done a lot of DD on him.
Now you just have to do the toughest DD of all.
Figure out how to spell his name
I don’t want to sell the project I want to sell Mark Smith for peanuts
If he was to resign tomorrow, I would be a happy camper.
JMO
SP was worth more in 2011 than it is now post spit because of Mark’s derisking ability. The plug should have been pulled years ago.
He is the financial fatal flaw
Wrong.
Mark Smith put his skin in the game June 2015 and the terms of this credit fascility agreement is the same as it was in 2015
(No Difference)
The Mr. Garbage Can Man, wants us to believe this is all new, and Mark wants to walk away with the mine next June.
He could have done it in 2015, if the assets equaled the loan. Which they did not. But the other Entity Clowns he was using concerned me more.
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Better? Or do I yet again becomes Oscar the Grouch?
https://muppet.fandom.com/wiki/Oscar_the_Grouch?file=Oscar-can2.jpg
SRK did the NioCorp NI 43-101 March 2015 and REE were deemed potentially economically feasible to produce. Yet it wasn’t until 2021 when the lightbulb apparently turned on above Mark’s head.
March 10, 2015
SRK Consulting (U.S.), Inc.
NI 43-101 Technical Report,
Niobium is contained within the mineral pyrochlore and REE mineralization is reported to occur as bästnasite, parisite, synchysite and monazite. The niobium has been the main element of interest for the current study, but recent developments since the previous technical report within the metallurgical testwork indicate the potential to recover TiO2 and Sc as part of the proposed process flowsheet. Work remains on-going to optimize and further test this at a pilot stage but based on the work completed to date SRK considers these elements to have potential for economic extraction and therefore are discussed in the technical report and included in the mineral resource statement
https://www.niocorp.com/wp-content/uploads/ElkCreek_NI43-101_TRR_241900.030_007_20150310-1.pdf
Yeah it’s amazing how rich you can get by dragging your feet.
I bet he dragged his feet for 10 years, just to satisfy his departure agreement with MolyCorp, to have nothing to do with rare earth elements for 10 years.
Everything adds up to that. JMO
Minimum of 12.5 % which is 2+ times better than a bank for Mark Smith’s money. Must be nice to be your own banker.
But the term is not even a year.
Shrug
Credit Fascility
FFS Just get the job done Mark Smith you clown
No harm in having competitive tension,
👀
👃🏻
👅
That is particularly interesting.
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I have a 1978 Kawasaki 650 SR
I didn’t realize, that when the Japanese reporters were shown around NioCorp’s Mine site last year, they were here with a delegation to do business with Nebraska.
https://nebraskaexaminer.com/briefs/gov-pillen-and-nebraska-trade-delegation-meets-with-japanese-officials/
It was also very much the discussion when we were all trying to figure out the connection to Mark Smith, TechMet and REM
Just helping out a private firm REM Jim told us.
Still don’t know the truth about REM
Bernice is something behind the bush?
Volume and share price on the rise.
Well Mr CDH, if Mark told you that, what would you think?
The only reason I would accept why bother from him would be if they are comfortable where they are, already.
So I agree with Chico
Very interesting.
JMO
My understanding is EXIM just wants more proven reserves to be put in the measured column from inferred, but only Jim would know how NioCorps plans to do that.
I hope I didn’t get the terminology backwards again.
I believe there’s two ways to do it, or more, either drill closer holes so there let’s far apart, or expand the projects ore body with drilling.
https://resourcecapitalfunds.com/insights/rcf-partners-blog/mineral-resources-reserves/
We longs have to remember that everything that’s happened to this company or not happened, started out with UK involvement the moment Mark Smith happened along, and it’s still happening or not happening with UK arms length involvement.
It sure would be nice if the UK would prove their involvement to be the catalyst for financing our mine.
And then we have Edison Group to promote us. (Sort of)
https://www.edisongroup.com/equity/niocorp-developments/
https://www.edisongroup.com/
It is Cool, and it’s too bad NioCorp is not saying it, instead of Agnico Eagle.
Heard anything on NioCorp UK division? What’s going on over there?
Double Bottom
6 month line chart
https://money.tmx.com/advanced-chart/NB?chartSymbol=NB%3AUS
Not knowing what calculations you or Jim are using, but one thing to consider is nothing changes until Dec 1st arrives.
There is still October and November, to repay the loan, so December may become irrelevant to this deal other than a point in which to calculate, if everything was taken care of prior.
And the thought of December 1st payment or default if there would be one, becomes a moot point.
And yes they could also do the same thing for October and November moving everything to December.
Maybe NioCorp has been given a verbal commitment for before December. Who knows.
I’m not going to make excuses for Walter calling a minuscule amount nothing. What I said to LCP 77 was he should apologize to Walter for what he said in his post because he was trying to push 40% which was BS
You inserted yourself, I didn’t
18% is used everywhere LCP77
I’ve done the math many different ways. I wasn’t there when they were crunching numbers but…..
1.2 million moved three months can expect some sort of a fee to be attached to it. But it’s not even close to what you’re referring to. You are adding to the entire loan
18% of 8 million is 1.44 million (we pay 1.4)
18% of 7 million is 1.260 million (we pay 1.4)
18% is built in to the loan already and is also the amount added for moving 1.2 million three months. There’s no 40% anywhere. They are just re-borrowing 1.2 million for a three month period.
18% of 1,200,000÷12×3 = 54,000
You are adding onto, what was already agreed upon by NioCorp and the note holders. So it is not semantics.
0% interest or 18% interest per annum, when a default occurs. But in Mark’s press release it states perfectly well that there is no default.
What extra he agreed to pay has nothing to do with the original contract
Perhaps in his negotiations with the owner of the notes, Mark may have agreed to add 1.5% onto each month owing. I don’t know.
But there still is no default because there was an agreement.
And there certainly is no 40% interest rate some would like everyone to believe.
There is no interest LCP77
Unless I misunderstand what this says, You owe Walter an apology
Rumour has it, he will be introducing the,
Head Table.
Ben Dover
Essie Target
Connie Trarian (alone again naturally)
Lady Creampie and her son
Master Bates
Phil Anthropy and
Bonny Appetite
and Japanese reporter
Taki Likaman
You’re in the wrong room if you’re auditioning for an opera.
I have a title if it’s your own work.
https://www.thalianhall.org/ohtc-salesman-24
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Personally I don’t believe Mark is as good a salesman, as you proclaim.
But you, on the other hand, can sure sing a tune.
Perhaps for the same reason a certain few only banter at the bottom of the down cycle and never a word going up.
Because he can.
I could count the posts going up on one finger.
🤣
It Is the cost of doing business I suppose.
$37,333 per month payable Dec 1
The question you need to ask is why December 1?
Will that be the day Mark Smith fires himself?
Or the day the board members fire Mark Smith?
Perhaps our 2024 AGM will move to 2025???
Any other guesses?
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Here is hoping my dream comes true Mark.
I’m not quite sure what you’re talking about? I’m not a lawyer but waivers and consents seem to me to be an agreement.
Everybody has agreed to move to December what was due September.
Read what it says. Waivers and Consent
There is no fault
Looks like the interest in Kansas is the same as Elk Creek.
Niobium, Scandium, Titanium and rare earths.
2 years ago
https://news.ku.edu/news/article/2022/06/10/kansas-geological-survey-receives-grant-study-critical-minerals-mining-potential-region
Might matter to EXIM ?? eom
Please don’t make me answer that.
How hard is it to copy and paste?
Show us. EOM
It’s not Think1st. It is …..
LAST PRICE
0.1010
Bid / Lots
0.1000/ ---
Ask / Lots
0.1398/ ---
Open / Previous Close
0.1100 / 0.1100
May I call you Th for short, as think1st, takes too much thought.
If they did not pay up I’m certain a NR would have been disseminated way before now. Unless of course there is another news release preventing them from posting the outcome of that payment.
I don’t think we would expect payment being published,
just nonpayment would be Material News.
But I could be mistaken.
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WHOOPY*******
Wainwright & Co., from 6:39AM ET on Thursday Aug 29, 2024 by Dow Jones
6:39AM ET on Thursday Aug 29, 2024 by Dow Jones