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Unfortunately we won't even see half the pre-spac equivalent share price without substantial news. 😬
I think everyone realizes that nothing at all is going to happen to the C-suite. Its important to keep reacting to your own posts though. That should draw some more attention to the fact that nothing is going to happen. Sign in under a few more of your accounts and post more. That should get the legal bandwagon going.
They wont have issues paying that agreement regardless of financing status. They would only need to sell more shares per the current status quo. Rinse, repeat.
It'll bounce back down like normal. We've seen it a 100 times.
Whatever UAW agreement they backed out of would only help them afford Niocorp. Not that there was ever a NB deal in the works anyway so it would seem. They probably didn't want to pay 50usd/hour to someone tightening 3 bolts on an assembly line. $45usd/hour max for that. I didn't watch the RNC or the DNC because every word from both sides is garbage.
Yeah that was pretty obvious. A woman like her in her position has better stuff to do with better optics. She didn't want to get her hands dirty and she doesn't have to.
A judge will never be involved. All the disgruntled could go in together and the company would still be able to outlast your bank accounts in court. The plaintiffs would have the opportunity to lose their investment as well as the court fees. To think anyone in the company is going before a judge is laughable. If this folds it will just disappear into the penny stock void with 1000s of others. This board is pointless and good satire.
Will you be at the groundbreaking? Will there be a groundbreaking? In the 2020s?
Doubt we get that at this point in the project. That's for development of a scandium alloy. On paper we cant say that we are able to get any scandium yet. To broke to get the scandium to develop the alloy. Even if we did get the 10M it's not enough to do anything except pay the light bill for a while and I doubt the dod is real excited to do that. I wish 10M would pay for drilling and a FS. Maybe tho. The dod loses billions into thin air and laughs it off. What's a little 10M?
Yes about 5x the current price. That's just a very rough guess assuming 50M shares at some point, Im sure we will end up there not counting the reality of equity financing. That's just not gonna bounce there without some wild news from outer space. As for right now, the only avenues that we know about are EXIM and possibly EXIM EMP whatever that may yield for FS. Drilling and FS are unfunded and there is a supposed estimated 9 month wait for drilling/FS information after its funded. Just Isn't gonna happen unless aliens land with a spaceship full of money or another investor or financial vehicle is found. The 10M DoD thing is not enough to clean the toilet in centennial even if we did get it.
I mean, they have engaged JP Morgan and There is a lot of government bipartisan moral support (apparently no bipartisan financial support) and a lot of competitive tension so we have all that going for us. 🥴
Wow, that is quite a guess. They have pretty much solidified nothing happening in 2024. We don't have the money for the new drilling for EXIM or finishing the FS. Where do you come up up with this stuff? 400M market cap? So a SP of 8-10$ (above pre-spac price) based on what besides blind optimism? Sure it could happen. If it does happen it would be an event completely out of nowhere.
New video out for current and potential Niocorp investors discussing latest company developments:
LMAO. Well, I knew there was a reason I stopped reading the filings after I got far enough into the red.
I also like to think (wish) that they took the chunk of money and used it for something other than paying itself back. This is weirdest deal in the history of deals if its just money for the light bill.
The text of the agreement specifically excludes the august payment for reasons unknown. Its a bye month in the game schedule. 🤷😂 I like to think there is significance to that or they were or are anticipating something large to move. Your guess is as good as mine.
CENTENNIAL, Colo., April 12, 2024 — NioCorp Developments Ltd. (“NioCorp” or the “Company“) (Nasdaq: NB; TSX: NB) today announced that it has closed (the “Closing”) a private placement (the “Private Placement”) of US$8,000,000 aggregate principal amount of unsecured notes of NioCorp (the “Notes”). Pursuant to the terms of the Notes, subject to certain exceptions as described below, on the first day of each calendar month, beginning on June 1, 2024 (excluding August 2024) (the “Payment Date”), the Company will be required to repay a portion of the outstanding balance of all of the Notes, on a pro-rata basis, in an amount equal to the sum of (i) US$1,400,000 of principal (or the outstanding principal if less than such amount) in the aggregate among all of the outstanding Notes, plus (ii) 8.0% of the principal amount being paid (the “Payment Premium”), and (iii) accrued and unpaid interest, if any, as of the Payment Date. The Company is required to make payments on each Payment Date until the entire outstanding principal is repaid, but will not have an obligation to make a payment on a Payment Date if the Equity Conditions (as defined below) are satisfied.
I am the weird tribal leader. I can appreciate good news and also lament that its not pretty at the moment if it ever was. 🤷
I'm just a frustrated cynical jerk. Just a sore loser that I'm not the wealthy one 😅. If your warrants hit big in the money that means we all hit it big.
You are already very wealthy, and the money you blow here doesn't matter. You can lose it all here and still be wealthy. You are gambling with your play money that's great for you, it might pay off or not. Buy a bunch of NFTs instead of warrants and you can possibly lose it there too. It wont matter because you are already rich. You can fuck around and throw a ton of money away and it does not matter, we get it.
I am sooooo happy for you. SO happy that you don't need to tell us anymore.
Just hope that after all the dilution you aren't having dinner at McDonalds.
Not hard to believe you are making more idiotic posts about your fucking warrants. I'm starting to think its ok if I have to wait a few more years for them to expire.
They will pay it no problem. Sell shares easy peasy. The question there is why make the weird deal in the first place?
The drilling is unfunded and the road work has nothing to do with the mine. Drilling money soon hopefully with all the bipartisan support and all.
Strong bipartisan support! We always have strong support, just no money to do anything. Great. That's barely worthy of a personal Facebook post let alone a release from the company.
The gov is also in strong support of additional drilling and analysis. I hope we can start that timer soon.
Blah blah for the last 8-10 years or more. There has been a lot competitive tension when? We were imminent when? The only sense you have is that this is a sure thing and that is completely foolish. This might happen. It might not and its not looking all that great. What version of the plan are they working after plans ABCD failed? Anyone invested pre-spac might as well hold on being this far into the red unless tax loss harvesting (no please). Unless they bought REALLY early most everyone is deep blood red excluding those that sold bumps to de-risk (buzzword).
They can surely pay. All they need to do is dilute. They can pay salaries also. All they need to do is dilute. PPs as long as there are buyers of course. They can tread water for a long time. They may have a plan but its the current plan after many plans. If a big NR hits with some real news that would be wonderful. The last year of NRs have been mostly water treading dilution.
Im sorry Im such a cynical prick but I have to live in reality.
Correct. 34 days till next 1.4M payment due unless something else changes the terms.
Yes, the 1st payment was 6-1. Walter asked if it was paid in post 112787:
Hi Jim,
There was some concern that Niocorp was going to default on their first instalment of the loan on june 1?
Is this a concern?
walter,
NioCorp made its payment on this note on time.
Jim
What is it you are aware of? There is nothing to be aware of and no facts about august. What the hell are you possibly talking about?
You still aren't quite getting it. Is it because all of this is in English? I can totally understand that. The 16 million in convertible debenture from 2023 is what they finished. The flat loan on weird terms is what they still have to pay just not in august 1st for some reason per the agreement. We cant even come close to making the equity conditions so the payments are cash.
What do you think will be happening this year? The EMP?
demoKmacktacostemcellsamefag, thats because this is the first time you have posted under the new account you made back in may.
When you know what the outcome will be, its useless. Ask away though, I love exercises in futility. That's totally fine though, its not just NB. Its normal. If they have something useful they will most likely volunteer the information. If it is unappetizing info they will tuck it into an unrelated presentation. Here is a video representation of asking the company about progress whether there is progress or not:
Why? I dont need the same type of useless answer. Go ahead and ask useless questions. Keep posting them here for no reason. We all thank you.
LMAO why did you even bother or even bother to post the response? There could be a text file with premade responses for quick copying and pasting. Who knows maybe there is a lot going on. Remember, how we receive the words and interpret what "a lot" means is up in the air.
time 1:55:30 from July 2018:
https://www.energy.senate.gov/public/index.cfm/2018/7/full-committee-hearing-to-examine-the-department-of-the-interior-s-final-list-of-critical-minerals
When is the next "good" news that makes the price go down some more?
Nobody plans to be this unsuccessful. Its just really sucks to suck after talking a big game. They still get a sweet paycheck though. Might pull a rabbit out from somewhere though. Maybe a gerbil.
Sweet Jesus... It just means Yorkville is finally done porking us for shares to pay for the money they gave us in that deal. The very nature of that puts us in a better financial position. That would be true of any person or organization that closes off convertible debt that is putting selling pressure on their share price. Please believe whatever rosy story you want. You must be behind the bush also. You MIGHT be right. In fact, I HOPE so. There has to be something eventually or the alternative is not good.
He is saying, in reference to yesterdays news release, that in his opinion the company would not close a source of money without having a new source. He is mistaken because they did not close a current source of finances, they are just stating that the company is finished with a deal that was executed with yorkville last year. It is not bad news that they are getting one little monkey off their back, but it is nothing currently paying and it surely does not mean they have anything else in hand. I'm not saying they don't have anything in the works we dont know about, but closing that year old deal would happily happen regardless of current efforts.
"NioCorp is pleased to have extinguished this debt and we look forward to continuing our efforts to secure sufficient project financing necessary to launch construction of our Elk Creek Critical Minerals Project in Nebraska," said Mark A. Smith, Executive Chairman and CEO of NioCorp.
From January 2023:
https://www.niocorp.com/niocorp-announces-finalized-financing-agreements-with-yorkville-advisors-global-lp/
They said we would never need government cheese. Hell, the mine will break even on niobium alone!! Now we are thirrrrrrsty for government funds. We missed the start to avoid wild new inflation numbers. This next feasibility study better be nothing short of amazing. I understand holding onto shares already owned, especially if you missed the pre-spac bus like I did. I cant imagine actually buying more shares in light of this debacle and lack of progress and transparency. The news releases for the last year range from paltry to just announcement of dilution. Release what you have, and if you have nothing release news of dilution. This is not as "de-risked" as they say.
This is the 16 million from feb/march of 2023. They wouldn't have defaulted on that anyway. Not the 8M weirdo deal that they entered a few months ago that they have to pay back in cash because they cant meet the impossible equity conditions. Still would love to know how in the wild blue fuck that deal was made. What were they anticipating?!
YAY! They fished one of many out of the punchbowl. Had to release something I suppose. At least nothing is due august 1st. On to the next toxic financial vehicle! Or the next super awesome agreeable loan? 🤞
Yes he is. Unfortunately we are patiently waiting for him to be wrong for a long, long time now.