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Not related to SoftBank.
Chamath company is social capital.
In the SPAC and PIPE space it’s competitive but Chamath is probably the most active player.
I think people should read a bit more up on PIPE investments may be apart of it.
Only reason I say him is he has done really well with MP and is a big supporter of rare earths and light weighting material. So makes sense if he would want to repeat his success.
Does anyone else think Chamath Palihapitiya is the entity they are working with.
1) he was the man behind MP spac
2) believe in these materials
3) is a risk taker
4) says he’s working on multiple PIPE investments. That would explain the 100million because it’s put in a fund to set this up.
If it is him he doesn’t move that slow so think would find out real soon or it’s not him.
Hi Jeunke22
great find. At Tesla's last shareholders meeting Elon said they may get into the mining business a bit. I am assuming that would be more for if commodities they need for batteries because in short supply.
The interesting thing is I really doubt it would be for Niocorps titanium.
First things first it would be nice to find out if this is a mistake or not.
I don’t know if it’s for financing but it does make him own an even share amount. 18,900,000. So you are correct
That would be a very good outcome. I would be a fan of that. Might not be that wild of an idea as well.
Hey guys
Seem like everyone here is Niocorp investors as well. I bought my first shares in IBC now. Just a small amount.
What I want to see if more orders coming in that are consistent.
I’m not sure we won’t finish in the green still.
Yes I haven’t been in this stock and followed all the progress for last 6 years for .90CAD. It’s worth more
By my rough calculations Hallgarten and company short position has to be covered or they must sell something else. Maybe they already have but that’s why you should not short anything.
It would be amazing if it’s 70/30 or better. If that happens this share price is ridiculous low. Interest rate also is important. Not just amount of debt.
My predictions for finance package. Probably way off.
175 million debt at 1.25 percent interest from a bank. This is tied to the German loan guarantee.
275 million at 5.25 percent from the same bank.
200 million in convertible bonds with interest at 8.75 percent.
400 million equity
400 million more equity that comes with additional warrants for each share if needed. Thing would be up to Niocorp to decide. Or cost over runs.
For some that just read the article I suggest listen to the audio for the story as well. Not much different but I found it help you better understand
Very cool. Thanks for the info and the great article
I think we should do another one of those survey we did on the board a few years ago before financing. So we get a feel of everyone expectations then we do one after financing. To see what expectations are after the flurry on news and start of construction.
Feels like we are getting really close now. I’m sure Niocorp invited Bill Kelly to the shareholders meeting.
Expect more writing from him when construction starts.
Also mark smith on October 29th exercised more IBC options and warrants at .40 and .50.
My guess is Niocorp will acquire IBC before production starts.
Yes also debt portion could have really high interest rate. Like 14% that would be high. Or convertible debt with term that if stock goes up they can convert making the upside limited.
Just to put this move into context. Since end of August till now we have moved from 4.26% of NPV to 6.19%
This is not much of a move. 20-30 percent range would seem like the appropriate price to NPV if your confident project will be financed and with reasonable terms.
We have surpassed the market cap of cleanteq
In Canadian dollarr
Clq.to 158.3 million
Nb.to. 170.9 million
My take on the meeting ( listened online)
Negatives
- Absolutely no information on project financing. So not much to say about that. Could happen next week could not happen.
- the market didn’t not know what to think of the meeting. The FUD spreaders here may act like meeting was terrible but stock was up an hr after meeting.
- not many great questions asked.
Positive
- no question stumped them. They know everything to do with this project and this is not just a job for them. They have their reputation on the line.
- when picking companies cost was a major component. They are thinking like owners.
- They are preparing for construction. And once financing happens construction starts right away( good job to the shareholder there that pushed for a simple answer on that)
On side note mark talked about doing a 2 hr interview does anyone know if we get to hear that.
Thanks I will be buying next week if prices are below .65 cad
Very good way to put it. I’m not putting weight into when the shareholders meeting is. But you make a very good point.
Also remember MS exercised his options at .75 when the share price was much lower. Why would he do that inless he thought even .75 was cheap
That’s between Niocorp and Traxys North America
The deal at Platina is between them and Traxys Europe
https://www.platinaresources.com.au/wp-content/uploads/2019/09/1975420.pdf
Not sure what I think about this.
Awesome
When did you talk to him? Has anything changed with regulatory reason is what’s holding back finacing?
When I refer to market I mean a public market price. All sales are by private contracts as of now.
Because when you sign off takes it usually is being sold at the market price which can move a lot over the years. Example Largos swings in revenue because of the market price of Vanadium.
Since Scandium has no market then it’s the price in the contract is what they sell it at. Month after month the same consistent price.
I’m not invested in SCY or Clean teq the point was the contract they had there was for a set dollar amount.
I am pointing out that a commodity not having a market can be a huge advantage.
https://www.sec.gov/Archives/edgar/data/1408146/000106299317005255/exhibit99-1.htm
This is scandium international scandium contract.
I’m posting this to make a point that I don’t think is discussed enough. That because of scandium has no market. then the price for selling scandium is set in the contract. This is the reason we can sustain more debt. The debt financing can see what are revenue will be.
I have talked to Jim about this in the past and said my piece that I prefer the contracts to not be set up in any market related way. Then contract with bigger companies the better.
I actually talked to him about this about 2 days before they announced the offtake with Traxys. I came away thinking that an offtake would be a while away.
On my web brokers insider selling info. But they get the same results on the Largo stock house board as well.
I am confused in one way because he’s been selling in pretty large amounts and the volume on the stock doesn’t seem to add up. So I guess it’s private sales but my web broker site says it was a public sales. So not sure the answer for that yet.
MS has been selling a lot of his largo shares. He owns about 9 million shares and it looks like he’s set on selling all of them.
This means I think that he wants the money for something else or he was not happy with the way things ended at largo and wants all his money out of those guys hands.
Actually anyone loaning a billion only cares about getting paid back and getting interest. Debt doesn’t care if we are overvalued or undervalued.
Yes... he was a founder. Didn’t invest. Made awesome products and he just doesn’t invest.
https://www.google.ca/amp/s/www.cnbc.com/amp/2018/04/26/why-apple-co-founder-steve-wozniak-doesnt-invest-in-stocks.html
Ya I am not sure but could be
1) he doesn’t like to be so reliant on one company for his income and his investment.
2) some people Just don’t invest. I don’t know about Jim Sims but I know this is very common for scientist and programmers. They are really good at what they do but they just don’t do investing. Steve Wozniak is one of those people.
He owns 1,550,000 options
Ya. That’s a big list of companies. Dow Chemical is the company that stands out to me. Mark smith talked about them on his interview for Largo.
But Niocorp is his first priority.
https://policycommunications.com/
Jim’s company. It’s not a secret I remember seeing he had this company years ago.
To have a company like this you have to have some government connections that will listen to you when you talk. And Jim is a smart and clear speaker