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Interesting niobium uses
Listen at link below
https://tore-says-show.simplecast.com/episodes/tue-26-jan-duality-back-stepping-intel-mashup-fraud-history-niobium-quantum-coming-blackmail-tech-0o6qest9?t=1h52m7s
Try www.removepaywall.com
I ran the "Public Warrant" section through an AI legalese decoder. https://legalesedecoder.com/free-legal-document-to-plain-english-translator/
No guarantee this is correct.
I had to break up the text into three parts (due to the character limit for free usage). The first sentence was too long so I had to break it up into 2 sections, the last sentence fit. I recombined the AI responses below. You can try and see if you get different results.
Here's in essence what AI spit out:
The Company has the option to buy back the Public Warrants, but only under specific circumstances. They can do this fully, not partially, by paying $0.01 for each Public Warrant. However, they can only exercise this option if three conditions are met: (i) The Company must give the holders of the Public Warrants a written notice of redemption 30 days before they plan to buy them back. (ii) The last reported sale price of the Common Shares (the regular shares of the Company) needs to be at least around $16.10 per share (this price may change if there are any stock splits, stock dividends, reorganizations, recapitalizations, or similar changes to the Company's stock) during a period of 30 days when the stock market is open for business, there are at least 20 days when trading activity takes place, and this period ends three business days before the day the Company sends a notice to the warrant holders about redeeming their warrants, AND (iii) there is a proper legal document that allows the sale of the company's shares when the warrants are exercised, AND there is a currently updated document that provides information about these shares, available until the redemption date, then certain actions can take place.
Upon receiving a notice from the Company, the people who hold the warrant will have until the redemption date to choose whether they want to exchange it for money, or, if the Company decides, they can exchange it without involving money. The Public Warrants are not classified as a separate form of ownership and are treated as part of the Company's assets from the day they are given out, and also on every subsequent financial statement date. Since the Transactions resulted in the Company having more debts than assets, no specific value was given to the Public Warrants.
(NIOBW) - I have been able to and can still buy NIOBW through Fidelity, however I am in the USA so guessing that is likely why.
I bought some more NIOBW warrants today.
The occupation stated in your iHub profile:
“Separating people from their money by using clever wording.”
That sums up your motivation here for me…
It's posted in the financials, not the news section.
Multiple links below (links in steps), all more or less lead to the same documents.
https://www.niocorp.com/investor-center/regulatory-filings/
https://www.sec.gov/cgi-bin/browse-edgar?company=nioCorp&owner=exclude&action=getcompany
https://www.sec.gov/Archives/edgar/data/1512228/000153949723001700/0001539497-23-001700-index.htm
Didn't NioCorp cancel attending this event at the last minute last year? I seem to remember something like that happening. (2022 International Scandium Conference)
If it wasn't this event, it was something else they cancelled at the very last minute.
When is the next annual Shareholders meeting where we get to vote on items and vote on retaining/dismissing Board members? Seems like that typically occurs in the 4th quarter.
Instead of processing additional ore through the Canadian demonstration facility and paying to process it, how about NioCorp saves that ore (on site) and process through the company owned facility they will build? You have to think processing through a small scale 3rd party demonstration facility is not economically beneficial unless you are paying to gather underlying data to prove economic feasibility. My guess is you are not profiting processing ore in the 3rd party demonstration facility, you are paying for a service that benefits your future plan/operations.
NioCorp Developments Ltd. – A Niobium gold mine in the making?
1 NIOBW Warrant + $10.283538 USD = 1.11829212 shares (NB) of NioCorp Developments Ltd Com
I would ignore this article. I would guess that the author has no real understanding of NioCorp and he probably was handed the "hit job" article to publish to try to sway opinion. Much of the news industry publishes the narrative they are given...to a large extent that's how it works (has worked).
Ditto!. Me as well.
https://phys.org/news/2023-03-quantum-technologies-important-internet.html
Not sure if this was already posted. The cube is made from niobium.
Thanks Richard!
NB is listed in the restriction here:
https://nasdaqtrader.com/trader.aspx?id=ShortSaleCircuitBreaker
Thanks MasstrichMan. Similar to what th6565 said, I would want to hold on to my shares even after exercising the warrants for the dividends (or future dividends). The dividend stream has potential to be massive (for many decades). The dividends could be the silver lining to NB shares.
I just don't know if I can obtain enough cash to buy all the shares if NioCorp calls the warrants at some point, thus my earlier questions. In most of my accounts where I have warrants I can get the $$ to buy and hold shares when exercised, except for my HSA (Health Savings Account).
Does anyone know if NioCorp has stated if they would offer a cashless option to exercise warrants if NioCorp calls them? If not then a warrant holder would need considerable $$ to purchase shares in the ~ 30 days after NioCorp calls the warrants.
If NioCorp did not offer a cashless exercise for the warrants and a warrant holder does not have sufficient funds to purchase stock, could the warrant holder sell warrants to another person in the ~ 30 day call window? If not then the warrant holder would lose money for non-exercised warrants, correct?
I also was notified of a wash sale. I called Fidelity today and asked about it. They said the fractional NIOBF shares that didn't convert to a whole NB share were refunded ($) to my account. In other words, when the reverse split occurred, #NIOBF was divided by 10 to #NB, if there was a remainder 1-9 NIOBF shares those were sold and $ proceeds returned to my account.
I added money to my account and purchased more NB shares. The overall new NB share purchase included some of the money added to my account from the sale of fractional shares. Spending the few dollars that were refunded for 1-9 NIOBF shares on NB within 30 days triggered the wash sale.
So I think if I had purchased 1 less NB share I could have prevented it. That last NB share I bought used some of the refunded money in the 30 day window.
The kilogram of 99.99% Niobium cost about $200 USD. Still selling on Amazon.
I bought a kilogram of 99.99% pure Niobium on Amazon.
The redemption is only for GXII stock. I own some GXII stock (in addition to a boatload of NIOBF and some GXIIW (GXII warrants)).
The letter I received from Fidelity told me the "Fidelity Cutoff Date" to redeem GXII shares for $10.14 each was 3/10/23. This is because processing each redemption unit takes 3-4 business days. The GXII shareholder vote is 3/15/23. I've already voted yes for all the GXII shares I own. I don't get to vote for the GXIIW (warrants), those automatically convert to NioCorp warrants if the merger is approved by GXII shareholders on 3/15/23. I assume the GXIIW to NioCorp warrant conversion is on 3/15/23 or soon thereafter.
So one way or another all GXII share redemptions occur before the vote on 3/15/23.
Yes both GXII and GXIIW get 11.18 shares of NioCorp, but then I think I read that both GXII/GXIIW and NioCorp perform reverse splits to a “be determined” ratio. The end result (assuming no GXII redemptions) is 58% equity in the new combined company owned by GXII shareholders and 42% owned by legacy NioCorp shareholders.
This is in a sedar document posted by NioCorp on Feb 9, 2023.
Based on detail Niocorp posted of the voting results on Sedar,(copied and pasted below) the no votes were "no" votes, not from non-voting. The voting was 40.68% participation. If you don't vote you aren't part of the tally (aren't counted in any way).
Special Meeting of Shareholders of
NioCorp Developments Ltd. (the “Company”)
March 10, 2023
REPORT OF VOTING RESULTS
Pursuant to Section 11.3 of National Instrument 51-102
This report sets out the matters voted upon and the results of the votes conducted at the special meeting
(the “Meeting”) of holders of common shares (the “Common Shares”) of the Company held on March 10,
2023.
The total number of Shares voting in person or represented by proxy at the Meeting was 114,892,191
Shares, representing approximately 40.68% of the Company’s issued and outstanding Shares, as of the
record date of February 1, 2023.
Business of the Meeting
At the Meeting, the holders of the Shares (the “Shareholders”) voted and passed ordinary resolutions
approving the following proposals, the full text of which is set forth between pages 117 and 132 of the
prospectus and proxy circular of the Company and proxy statement of GX Acquisition Corp. II, dated
February 8, 2023, and first mailed to Shareholders on or about February 10, 2023 (the “Joint Proxy
Statement/Prospectus”):
1. Proposal No. 1 – The “Share Issuance Proposal” – to approve the issuance of Common Shares,
and including the possible creation of GX Sponsor II LLC as a control person, in connection with
the transactions contemplated by the Business Combination Agreement, dated September 25,
2022, by and among the Company, GX Acquisition Corp. II, a Delaware corporation, and Big Red
Merger Sub Ltd, a Delaware corporation and a direct, wholly owned subsidiary of the Company.
2. Proposal No. 2 – The “Yorkville Equity Facility Financing Proposal” – to approve the issuance
of all of the Common Shares that may be issuable upon a sale at the Purchase Price (as defined
in the Joint Proxy Statement/Prospectus) and all of the Commitment Shares (as defined in the Joint
Proxy Statement/Prospectus) to be issued, in each case, in connection with the transactions
contemplated by the Standby Equity Purchase Agreement, dated January 26, 2023, by and
between the Company and YA II PN, Ltd., an investment fund managed by Yorkville Advisors
Global, LP (together with YA II PN, Ltd. “Yorkville”);
3. Proposal No. 3 – The “Yorkville Convertible Debt Financing Proposal” – to approve the
issuance of all of the convertible debentures of the Company that may be issuable, all of the
warrants of the Company that may be issuable, and all of the Common Shares that may be issuable
upon conversion of the principal amount of, and any and all accrued interest on, the convertible
debentures at the Conversion Price (as defined in the Joint Proxy Statement/Prospectus) and upon
exercise of the warrants, in each case, in connection with the transactions contemplated by the
Securities Purchase Agreement, dated January 26, 2023, by and between the Company and
Yorkville; and
4. Proposal No. 4 – The “Quorum Amendment Proposal” – to approve, with or without
amendment, an amendment to the Company’s Articles to require the presence, in person or by
proxy, of two or more shareholders representing at least 33 1/3% of the outstanding shares entitled
to be voted in order to constitute a quorum at any meeting of the Company’s Shareholders.
Full details of the resolutions are set out in the Joint Proxy Statement/Prospectus, available through the
website maintained by the U.S. Securities and Exchange Commission at www.sec.gov and under the
Company’s SEDAR profile at www.sedar.com.
The following is a summary of the votes cast by Shareholders on Proposal No. 1:
Total Votes Voted (%)
Votes For 110,565,875 96.23
Votes Against 2,728,919 2.38
Votes Abstained 1,597,397 1.39
The following is a summary of the votes cast by Shareholders on Proposal No. 2:
Total Votes Voted (%)
Votes For 110,346,350 96.04
Votes Against 2,559,143 2.23
Votes Abstained 1,986,698 1.73
The following is a summary of the votes cast by Shareholders on Proposal No. 3:
Total Votes Voted (%)
Votes For 110,465,612 96.15
Votes Against 2,573,620 2.24
Votes Abstained 1,852,959 1.61
The following is a summary of the votes cast by Shareholders on Proposal No. 4:
Total Votes Voted (%)
Votes For 110,267,696 95.97
Votes Against 2,784,406 2.42
Votes Abstained 1,840,089 1.60
DATED this 10th day of March, 2023.
NIOCORP DEVELOPMENTS LTD.
Per:
/s/ Neal S. Shah
Neal Shah
Chief Financial Officer
NioCorp's Special Meeting of Shareholders is tomorrow, 3/10/23 at 10am MST. Does anyone know if this meeting will have a dial-in number (audio listen) or webcast?
I'm asking because I see that GXII's Special Meeting of Shareholders on 3/15/23 at 10:30am EDT indicates it will be a live webcast.
I'm searching for a link to/details of the GXII webcast but can't find it.
The GXII redemption offer price I received for my GXII shares is $10.14. $10.14 is the price GXII shareholders get if they redeem and choose not to go ahead with merging into NioCorp.
Great! I think this means Mark Smith has more skin in the game. Another 500k personal investment by Mark. This is also posted on NioCorp's site:
https://www.niocorp.com/niocorp-expands-existing-non-revolving-credit-facility-to-us4-million/
Whatever the stock split is (reverse or forward) there is 0% gain or loss due to the stock split. The stock split can be fractional (less than whole shares, decimal shares) to make it equal in terms of $ before and after.
Go here and type in either the term "Niobium" or "NIOBF" as a search term in her podcasts.
Press the play button (towards left) to hear the audio (context) regarding her commentary on Niobium, NIOBF.
Very interesting commentary/context.
https://toresaid.com/Search.cshtml
Amen! It's the corrupt politicians (both R & D) that are gaining off all these deals/decisions. Their days are counting down...