I don't think the the people from Railveyors et Optimize group would want to publicly participate in a webcast for a client that is in default. They'd want to make sure that somehow they will get paid. If Niocorp default, Railveyors and Optimize will look like amateurs in front of other potential client.

That's why is still believe we. little retail shareholders. don't have the complete picture and something will be announce very shortly.

Lard

I know that the TSX volume is small compared to the NASDAQ, but I think they want to make sure they achieve the $500 000 US mark. On June 1st , they need 1.4 millions dollars in their bank account to do the payment or have $500 000 worth of trade on the NASDAQ. At $3.30 a share, the volume needs to be 151 515 shares exchanged for five consecutive days prior. They also need a PPS of 2.75 X 1.20% = 3.30.

Aside from today, the daily volume on the NASDAQ only is not there yet.
Only six weeks until then. Like some are saying: This will be interesting....
Lard

But if Niocorp story was so good, why 95% or so bailed out of the SPAC? Looking for safety? 95% of them? Not even one fifth was willing to give it a try?
No they knew NB would tank and they bailed out. Good investment always find good money.

I agree, we should have had a clause that the spac would not go trough if a certain amount of redemption was reached.
We could have gone on the NASDAQ on our own by now. And trust me, the was certainly not a requirement by EXIM to be on the NASDAQ. One of us would have caught it on the EXIM requirement page.

On a side note: I still appreciate the management definition of their business model. I still think its the way to go. But in terms of finding partners, we still have ways to go.
Lard

''Some investors are waiting on the sideline for events to take place.''

I am in the financing sector and we always do that. We say we'll participate if such and such participate or if this and than happens.

Everybody from the SPAC was excited 2 weeks prior and they all walk away because of one bank bankruptcy happened?
I don't buy that....

Scott put a lot of things into perspective and explained why this is not as simple as 1-2-3.
Although not all good news, I think this was a realistic presentation. (aside for the superlatives and the ''as soon as possible'' ) :)

The recording will be made available in Niocorp's website. Go listen to it.
Lard

I wish Mark would stop using positive superlative to describe the works or initiative being done.
Lard

He is right, selecting an audit firm is not like you snap your fingers and here it is.
In fact it is almost as much the audit firm selecting you as you them. As demonstrated by BDO, not everybody can do it and the risk of lawsuit is great so everybody is very cautious.

And although my knee jerk reaction was big disappointment /annoyance, this explanation makes sense. AND maybe we'll have time to have great news by then.
Lard

As at 14:58, Niocorp is the 9th biggest gain in term of percentage on TSX at 9.53%.
That might catch some attention.

Lard

Yes I do. It is also a team effort: Management has to provide the information and auditor are the expert matter in these subject. Auditors do not do bookkeeping. They audit the financials statement. Like the auditor's report says: The financials statements are the management responsibility.

Lard

I do have an accounting background as I am a CPA.
And I will not argument over a week delay. That alone is not that big of a deal. You are right: delay filing occur regularly. Its the fact that it is the second time in a row.
And let's be honest... This is NOT the PR we were expecting on this Tuesday morning. I think we were all expecting the successful completion of the SC master alloy ingot.

Lard

I don't think it's a nothing burger. The market does not think its a nothing burger. The first delay was excusable but they knew that the GX merger would be complex. They should have learned from the first delay. Sure, we will all laugh in a year when all the good news will be out. But will they be out? And are we going to go so low that we will only catch up to 13.00$ My hopes are getting low. I am in the financing business and credibility is essential for a start-up.


Lard

Maybe a bit given the current size of the float.
At least being included in the Russel Microcap is a good news. I think it add credibility as we need some back.

Lard

I personally want resistance to be 20$ and support to be 19.99$ :)

Lard

Nothing to write home about!

Lard

Maybe that's why the banks know more than we do...
You know what I tell a client that tells me his letter of intend are confidential?
I am sure you guessed it .
On a side note; please don't sacrifice anything left or right. Although you know I voted yes and you wanted to vote no, and we both explained our reasons, and I still need your input on the technical analysis.
With much respect,

Lard

And again KYC is now part of our process. We need to know who is involved in this company. Is it John Doe, is it Regular Doe, is it mafia Doe or is it foreign country Doe?

Lard

Hi Stark,
In my business, we issue only two letters: a letter of intend (ie lettre d'intention) or a letter of offer or an offer. When a business gets the offer, if she signs on the dotted lign (accepting our conditions) then, they have a loan in their pocket.
Lard

I am not sure about this particular program. You would say yes to the first part of you sentence but the second half seems a bit to light. I would say ''they need to heavily verify and slog though the details.'' It might seems like semantic but that would explain the 6 to 9 months.
BTW I had to google translate slog to get a feel of what you were saying. :)
One thing I know for sure, nobody is sitting on a bale of hay signing blind cheques for 800 millions dollars.

Lard

On the letter of intend.
I told you I am in the corporate financing business but in a smaller scale (S&M business).
When we issue a letter of intend, everything that you saw in EXIM letter is pretty much standard. Like it is not a promise that a deal will go through.That we have to do a due diligence, On a deal of that magnitude, 6 to 9 months seems reasonable, although I believe it will go faster as some of the work has been done. Let me reassure you that the ESG compliance project was not frivolous; no big lending party wants to be stuck in a geo-politico-environmental risk. All of the banks and investments syndicate are taking this into account now.
Finally, although there are these cautionary statements which must be taken seriously as they could happen, these is already a lot of work from EXIM to issue this letter that they would not issue it if they were not serious in making a deal happen. Everybody wants a yeas at the end of the day. But not at any cost. Be it money of political. They would have backed out saying "we are sorry but will not be part of this deal'' I said it so myself often. It's not because a company needs money and that I lend money that I will lend it to that specific company. It needs to fit my criteria.

And going back to a previous post, no, this project is not totally derisked.
But I was VERY VERY happy when I saw this PR.

Lard

Yes I voted yes to get that fre***g mine built. Not because its going to get to 70$-80$, but because technologies evolve at the speed of light. What seems like a good idea today will have somebody making it better tomorrow. In this game, if you don't run you will be outrunned. Remember BETA versus VHS........Who won????? THE DVD for crying out loud!!!Snail pace and over studying the ore and trying to get a better deal might not happen. If you go back to my very few previous post you'll see that my expectations are very low compare to others. Fortunately, they are sill the same.
Lard

Hi PM,
Am I correct if I see a cup and handle starting the 16th of January?
Cup and handle is a sign of a reversal in a tendency. We definitely have that.

It seems the market likes the latest news release; we broke through all of the daily average. :)

Have a nice one.
Lard.

You are right. A loan guaranty is not a loan. I am in that business. Although it has a flashy name, there are certain condition to meet and it is certainly not a blank check from the government. There could be some difference but here is how it works most of the time:

First there needs to be a loan for it to be guaranteed. So a financial institution must step in first, although it could be work out in parallel, but no bank, no guaranty.

The financial institution must be comfortable at this precise point in time to loan the money.
The disbursement can be done over time, as needed by the project. As with any loan, there is a time limits for the client to ask for and utilize the loan. There are funds committed by the bank and therefore not usable for other loans. I would translate that concept to availability fees. Since we were not ready to start construction, this deal could not be completed.

It guarantees a certain percentage of the realization loss should the project fail and the company goes bankrupt. So the bank will incur some loss if that happen. They usually don't like that.

It is a way for the government to be a catalyst for project to move forward and to entice banks to take on more risk, but it is in no way a mean to transfer all of the risk to the government so the banks can be careless and risk free and make their money with the interest charged to the client.

It is NOT an inflow of money from the government. The money comes from the loan from the bank.

Finally, although it might hurt to hear this, but from a bank standpoint, the project is not totally derisked. There are many risk that the bank will take into account. Just to name a few:

This is an excerpt from Gildan Active wear financial report. I took only a few that I thought that could apply to us. Please remember that I am talking about what the bank will want to address and this is not a complete and exhaustive list. These are examples:

-Our ability to compete effectively,
-We may be negatively impacted by changes in general economic and financial conditions,
-We rely on a small number of significant customers,
-We may be negatively impacted by climate, political, social, and economic risks, natural
disasters, pandemics,and endemics in the countries in which we conduct business of any
type.
-We rely on certain international trade (including multilateral and bilateral) agreements and
preference programs and are subject to evolving international trade regulations
-Compliance with environmental and health and safety regulations
-Our ability to protect our intellectual property rights

I could go on, but for more info, please read the first few page of mining company financial statement. There is always a section that outline risks for that specific company. Although it seems like boiler plate stuff, these risk are a concern for a bank.

I hope this helps board members to understand why bankers are not lining up with bags of money to a project that seems totally derisked.

Lard.

Good morning Putz,,
I am waiting to do the same first thing Tuesday morning. We will be able to transfer only 6 500 at current price. We cannot go faster.They are in my regular investment account and i will trigger a small capital gain. I really hope that move will save me a TON a taxable capital gain later on. I am getting close to retirement and I want to maximize the non taxable income.

Happy new year to you, the rest of the board and all your loved ones!

Lard

Good morning CritmM3,

Yes that's about it. And I was fortunate enough to have bought a couple of years earlier. So my average cost is lower than that.
I have not sold that either.
Enjoy the week end.

Lard

Consolidation:

I am soooo not a fan of RS BUT:
On June 13th 2022 Bombardier did a reverse split of 25 to 1. Yes Yes 25 to 1. Five months later they are still very close to the 52 week high
On the 5th of May 2022, day of the vote, it closed at 30.25$. Today (6 months later ish), it is at 43.97$.

No arm done if done for the right reason.
Lard

Maybe I can answer that one.
In march 2015 we went from 1,07 to 1.90$ within a week. I was there and did not sell.
On February 24, 2021 we went from 83 to 2.08 the same day on no news at all. I was there and did not sell.
So we were ''kinda'' optimistically hoping that with good new we could go to 5.00$ easily on ''hype and FOMO'' as DM would say. We know the sp would go back down I also agree, but we could reach 5$. If you could show me a stock that went that high in percentage that quick, I would have a wee bit more faith that this could happen.(not the mine, the sp going from 10$ to 100$ in a day or two. Ahhh let's be generous lets give it a month to reach this point)

You guys are fighting two different ideology. Putz is technical and you are fundamental.
Oh And in June 2022 we went from 1.25 to .80$ then I bought a few...
No, on the short term, Putz is right.

Lard

Hi all,
If we would have gotten such a raw deal as discussed here and by the reverse, GXii got such a huge good deal, and everything was cast in stone as of Close on Friday, don't you think the GXii would have skyrocketed and NB plummeted since Monday?
The forces of the market speaks loudly. (at least on the very short term)
Better wait to have the explanation and understand what it involves.

Putz, what does the chart tell you??????


Lard

I am now a firm believer of the closing the gap thing. Thanks to you Putz.
Now, knowing that we would close the gap eventually and not being to greedy, I put an order in at 1.02.... Guess what? It got filled.

Lard

I did so too. Although the latest video was not out yet, I thought it was a good idea to buy near .90cdn. Thanks Putz for the comment about going back to 90. I got filled at 0.93.
Now we have 3 public releases or video in 3 days..... Make your own conclusion.:)

Lard

It makes sense. Thank you.
Let’s hope we will break it through tomorrow. After all, the last hours of today were fairly aggressive.

Lard

More important: Where is the resistance??
Please enlighten me.

That was a nice rebound although volume was light on the TSX. 120K is not like millions of shares traded.
Lard

So did I Bernice but not in the context of holding on to them for long.... So far, I have not sold a share and sitting on a fair amount of them. Every time I though to not time the market. Even back in March 2015 when we hit 1.90 I did not sell. Well silly me.

Lard.

Maybe the report on REE is about to be out and somebody knows something? This is absolutely brutal.

Lard

Thanks PM.
I am not sure i would be able to sell at this price. Many many MANY times I bought with the plan to sell as soon as I would make a decent profit. I made decent (on paper) profit and I never sold a share. So I am very stuck accumulating :) :) :). Oh! and I forgot to say that I promised myself not to buy anymore NB share. Did not do that either:).

Anyways thanks fors your insights.

Lard.

Hi PM,
I am respectfully asking: we did not hit 1.00 very often at the close. I saw the previous support around 0.94. I was lucky to grab some at that price last week. In trying to see the resistance, I saw 1.02 a few times and I get that in technical analysis, the resistance become the support when it is broken trough in an upward trend. Is the 1.00 now resistance more like a range 1.00 – 1.02 kinda? And where do you see the price of the next resistance and may I ask about when do you think it might occur?

I took a course in technical analysis and I find this quite interesting..

Have a great one(evening, beer, game,, you can pick and choose..
Lard

What would help right now it a real confirmation of something positive that is truly verifiable. Although the purchase of the land was a positive, it did not confirm or infirmed the timeline nor the future cash flow nor the future earnings per shares, nor the payback time, nor the constructions costs..The pricing of the ''enforceable contract'' for scandium was never disclosed.

I am in the financing business and I can tell you that everybody is willing to sign a contract to get stuff for free. We might have an enforceable contract but if we sell below cost it does not do us any good.

Maybe time for a buyout??

Lard.

Hi Toronto,
They do need to do road show for institutional to buy shares on the open market. That way the price will go up and if they need to issue more shares which I think they will, it will be at minimal dilution and hence they can achieve that 80/20 debt equity ratio. By the way, i personally think that 80-20 ratio is too optimistic. But I am OK with a lower ratio. I have been OK with that idea of a lower ratio for the past 7-8 years. Since February I have been in the very green. So Please Mark, more road show.

Have a nice day.

Lard.

Hello CritM3,
Thanks for posting the link.
I watched almost the whole thing.
I have been in this since 2013 so not everything was new to me.In fact not much was new to me. :) :).

But i like the supplementary explanations. I am still confident.

Thank again,

Lard

For anybody old timer on this board who hoped to learn something new, Keep in mind that that was not intended for us. This was intended for new institutional investors to learn about the project. The pace was very rapid, I think that Mark crammed a 45 min presentation into a 22.5.

The REE were mentioned but the focus was mainly ont our 3 products. Lots of focus on ESG. We will see how this pans out. Everybody is for vertue but how much are they (the investors) willing to pay for it?

Lard.

I think the fact that the US Gov wants to increase corporate tax from 21% to 28% has something to do with it. Look at what time we really crashed and it is the time that the news from Mrs Yellen.


Lard.

I think so too.
Maybe not all in february, but I can take 50% up each month for the rest of my life. :)

I don't expect a PR on every day, and this week was fast paced. Today was announced at the last minute. (1 hour prior). Lots of the boardmember said it often; these guys are getting work done behind the scene. We do not start each new step from scratch. So things could go rapidly from here. Lets just remember that rapidly in a mine life is not something new to achieve/announce every week.

Lard