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I’m not happy with management, but I do believe this is a good project. The failure of Mark Smith to complete a good deal with GXII has destroyed investor’s confidence in his leadership abilities.
We’ve had a confidentiality agreement with Morgan Stanley since 2014. I don’t see this engagement with JP Morgan having much of a lasting effect on the share price unless management follows up with a bigger news announcement this afternoon for next week.
It’s been a blood bath ever since Mark made the deal with the scumbags from GXII. Could anyone here please explain how Jay Bloom and Dean Kehler end up with over 3,000,000 (30 million pre reverse split) EACH with zero contribution to shareholders?!?!
Not to mention we are above the equivalent of over 360 million outstanding shares pre reverse split 🤬🤬🤬🤬
Lind, Yorkville, and GXII come to Mark Smith and lay out their deals.
“Mark, have we got a deal for you! This deal will bring in top dollar to us at a premium to the shareholders and the company will loose hundreds of millions in market cap”. Mark: “Sounds fantastic, where do I sign?”
Seriously though, Mark has proclaimed there has been competitive tension between lenders for years. Yet, he gives up a tremendous amount of equity of the company to GXII in a deal that cost shareholders $$$ with nothing in return. Then he has to go to Lind and Yorkville to keep the lights on and pay their ridiculous salaries and bonuses with toxic financing?!?! It appears we’ve had a lot of smoke blown up our arses over the years 🤬
Nice that you have that kind of pocket change.
Seriously, you just described yourself to an everyone here!…..lol
The “current” Niocorp management team for the last decade are comparable to the 1976 Tampa Bay Buccaneers. They only had to endure a year of loosing. We have had to endure a decade of losing! It’s time for a change!
Great video of Mark and Jim discussing the company finances! All of us investors are holding the bird. It’s time to stop being blind.
It’s been a decade! I don’t need to say anything to disparage this management team for their performance. Their track record speaks volumes! We are at a decade low SP. Every single investor here has an obligation to call this so called veteran mining management team to the carpet for their incompetence, gross negligence and overcompensation. You and AO need to seek help for your Stockholm syndrome.
This is why the majority of investors here have an issue with you. Every time someone questions management, you attack them. It’s sickening how you put management on a pedestal while they continue to give themselves excessive salary increases and exorbitant bonuses!
“When the debate is lost, slander becomes the tool of the losers.” - Socrates
After a decade of Niocorp management moving the goal posts, he has a point. I don’t understand how you can continue to give Niocorp merit for their poor performance. We have been giving management our time and money. There needs to be accountability!
I hate to think of what would happen if Mark doesn’t pull through on this. Unfortunately, his track record has been less than stellar.
It’s my understanding through the filing that a payment of $1.4 million will be due each month unless there is trading of at least $500K at a SP of $3.30 or greater for at least 5 trading days before the first of each month. I’m not sure how the payments would be distributed.
We will need $ and lots of $$$. The volume is not there and the SP is not there. Big news is needed along with lots of $$$. I’m not holding my breath, because Mark Smith does not fail to disappoint.
Let’s stop with the shell game between IBC and Niocorp. Watch the hand, pick the winner….Mark shuffles the three shells, one has Niocorp $$$, one has IBC $$$, but we keep coming up with the empty shell!!!
I am hoping someone takes over as captain of the Niocorp ship soon and gets rid of all the pirates on the ship. Would like to see Rio Tinto take the helm and get this ship before it begins to list. I can’t believe how poorly Mark has managed the company and lost $300 million in market cap
It’s either incompetence or intentional. Either way, management will need to answer for it.
Roller Coaster? More like falling off a cliff.
We are trading at $2.35 - $2.42 (.235 -.242 for the majority of us from the 1 for 10 split 😭) with less thank 15k shares traded so far. Looks like the boys in Centennial are going to need to cough up some $$$. Pisses me off how they are always falling short on their projections. Management’s constant failure to execute is why we are trading at decade lows.
It fair to say that Mark constantly misses the target. Mark never fails to disappoint.
The big question we need to be asking Jim.
Why are we having trouble raising money to complete the feasibility study now?!?! We are more de-risked than ever, trading on NASDAQ, and have a stellar 🙄 management team.
We really need to give credit to Dean Kehler, Mikey Maselli and Jay Bloom of GXII. We should be thankful that Dumb (Mark) and Dumber (Jim) added two of the GX team to the BOD. If it weren’t for the GX goons, we wouldn’t be where we are today!!! Let’s all give thanks to their expertise in mining and financial services.
Mark and Jim have really hit it out of the park with their new presentation!!! I love the rebranding of Niocorp. Prestige Worldwide has much broader appeal.
This is how Mark and Jim roll. They are the masters of finding the worst deal possible and being so proud (or clueless) of getting screwed over.
We need $$$ to finish the third feasibility study. However, the company just takes out small amounts from toxic lender Yorkville to pay their salaries.
We have multi millionaires on the BOD that aren’t willing to invest in the company to get us over the finish line. Mark used the toxic financing to get his $5 million dollar loan paid off, but that ended up costing Niocorp investors hundreds of millions in market cap loss?!?! We are told we are shovel ready and ready to go. What’s wrong with this picture?!?! 🤔
They’re probably shorting the stock now….lol
They are NOT the same thing! By definition, a republic is a representative form of government that is ruled according to a charter, or constitution, and a democracy is a government that is ruled according to the will of the majority. Although these forms of government are often confused, they are quite different. The main difference between a republic and a democracy is the charter or constitution that limits power in a republic, often to protect the individual's rights against the desires of the majority.
If you’re confused about what we have here in America,... its a Republic. " I pledge allegiance to the Flag of the United States of America, and to the R E P U B L I C for which it stands.
We live in a Republic, not a democracy!
Agreed, something about this guy is way off. This is a guy claiming to be very wealthy from investing, yet doesn’t know the basic difference of trading on NASDAQ and a private company?
We know what percentage Kehler and Bloom own directly at just under 20%. How much do you think they control indirectly through their other associates and connections? It wouldn’t take much of a stretch for them to accomplish.
I could see them throw out an offer of $250-300 million. Enough shareholders that are fed up with being in this stock that would hop on board and walk away from the daily torture. They wouldn’t need much to pull a majority vote. Hell, look at how many of us voted for the SPAC, myself included, because we were told it would benefit us!
The $800 million won’t raise the share price if Mark, the insiders and BOD take the company private. I don’t know why your brain is incapable of reason.
That is a fact 🙄
Yes, you’re an idiot. Yes, everyone on the board is aware of that.
It doesn’t matter if the company is public or private to take the loan 🤪
How did applying for the loan help shareholders?!?!
Imagine if you will, if management and the BOD (Kehler and Masselli) were to force the sale of the company to a private shell company.
Niocorp goes private, the FS gets completed, EXIM funds the project and retail investors end up with pennies on the dollar? 🤔
Mark and his veteran team are supposed to be the cream of the crop in the mining sector. Kehler, Masselli and Bloom are supposed to be veteran investors in the financial sector. Do you really think they are that incompetent to continue making disasterous decisions together that lead to the plummeting share price?
It appears to me that Niocorp management and the BOD are making decisions that are intentionally designed to destroy the share price. The question is, why?
How can such a group of mining veterans make such disastrous decisions and be so incompetent?
Their CEO and board of directors grade is $300 million times better than ours. It’s good to see a CEO and BOD decline a bad deal instead of embrace it like Niocorp did. Our share price is a reflection of Niocorp management and the BODs incompetence.
We could have saved over $300 million in market cap loss by switching CEOs.
“However, the board is mindful of the significant potential of Halleck Creek, and the need to maximise returns to shareholders, while minimising dilution and has declined to advance at this time.”
https://www.proactiveinvestors.com/companies/news/1046178/american-rare-earths-knocks-back-halleck-creek-rare-earth-project-acquisition-proposal-1046178.html
What?!?! A SPAC wanting to invest $400 million!!!
Leave it to Mark Smith and his band of idiots to merge with GXII that actually cost shareholders $5 million net cost and now over $300 million in market cap loss. Not to mention that Dean Kehler and Jay Bloom now own just under 20% of the company.
Thanks for the fist f*@cking Mark!!!
The $300+ and growing market cap loss question is “WHO IN THE F*@K INTRODUCED MARK TO GXII!!!” I’d like to shake their hand and kick them in the crotch!!!
Mark Smith never fails to disappoint.