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Looking at how the last GX (Kehler/Bloom) merger before Niocorp has gone with Celularity, I wouldn’t hold your breath.
Since merging with GX (Kehler/Boom), they have had two 1 for 10 reverse splits. Investors who held 100,0000 shares of stock, now hold a mere 1,000 shares and have pennies on the dollar of their original holdings.
There needs to be an investigation into the GX connection, Yorkville, Lind and the boys from Centennial.
If this ship is going down, there will be some others who will be going along for the journey and I’ll see to that.
I can’t believe that the Belgians never grilled Mark as to why he gave the scoundrels of GXII (Kehler and Bloom) 20% ownership of Niocorp for bringing nothing to Niocorp, except a $5 million dollar debt and $300 million market cap loss. Did GXII have some dirt on the Niocorp boys? 🤔
I don’t think the shareholders in Nebraska would have been as passive as the Belgians. Niocorp used to hold town halls in Nebraska once a year or more. Why are they avoiding the one group of retail shareholders where the mine is actually located? 🤔
Niocorp management and some of the handful of posters here seem to think we have all the time in the world. We can not buy time, we can not get more time. This mine should have been financed 8 years ago when the first feasibility study was completed.
https://www.innovationnewsnetwork.com/scandium-the-element-that-could-revolutionise-clean-energy/46529/
Mark is a failure at being a businessman. He was manipulated by some Wall Street goons to give up nearly 20% of the company for absolutely nothing in return. That is a fact that should piss every investor off.
I hope they have a town hall in Nebraska soon. I will make sure I get to that one if at all possible. There’s a reason they have been avoiding the area. Pretty interesting that they keep going to Belgium, but avoid the one place the resource and the proposed mine is.
He will not address any issues that conflict with his delusions.
You could do everyone else here a solid favor and follow him.
I’ve been invested going on 11, right before Peter Dicke stepped down. The only people that have driven the price down reside in an office located at 7000 South Yosemite Street, Suite 115. Centennial, CO 80112.
There are no boogeymen out here driving the price down and reaping massive gains. There’s absolutely nothing to substantiate any claims of that.
The company is trading below decade lows because of the constant mismanagement and blunders made by Niocorp management. I believed in these guys for many years, but the past 2-3 years have been very eye opening. The constant toxic financing has caused massive damage to the share price. The final straw to myself and many investors was the awful deal they made with GXII. This was not a move of veteran players in the mining and business world. This was a move that even a rookie team of businessmen would not have made.
You say you have no problem waiting another year. What about 2, 3, 4, 5……or another decade? Many investors have had enough of the delays, mistakes, incompetence and moved on.
I’m holding my shares and hope this ends up being a good investment. I certainly won’t see the gains realized that were anticipated with this project. Worst case, I figure if this is a complete bust, I’ll be able to reduce my taxable income for several years.
Sounds like Mark and the team deserve a several million dollar package of raises and bonuses this year. I don’t want to hear any of you simpletons complain about it. You don’t understand the mining industry.
Just keep buying the stock, invest in the private placements and don’t ask stupid questions about why we don’t have financing, why the third feasibility study isn’t completed yet or what is going on with the Stellantis deal that was supposed to be announced months ago. Let management give their pitch and either invest more money or shut up.
If we are to raise 400 million dollars in debt, the share price will need to be well above $10 ($1 pre reverse split) or we will be severely diluted.
Where do you get your facts? Everyone here can list countless missed timelines. Have you been in a coma for the past decade?
https://nebraskapublicmedia.org/en/news/news-articles/elk-creek-niobium-mine-could-be-operational-by-late-2016/
You’re clearly on some sort of controlled substance.
https://nebraskapublicmedia.org/en/news/news-articles/elk-creek-niobium-mine-could-be-operational-by-late-2016/
Wholly crap! I can not believe you are seriously that dismissive. There are are tons other institutional investors besides those that were involved with the SPAC. Why are there no institutional investors buying into Niocorp?!?!
You keep on saying this is a great buying opportunity. I’ve considered adding more, but something isn’t quite right here. Are you saying that you’re smarter that all the numerous institutional investors who are avoiding making an investment in Niocorp.
You are dancing around and completely avoiding the question “WHY ARE THE INSTITUTIONAL INVESTORS NOT INVESTING IN NIOCORP”. As it stands today, there is less than 5% being held by institutional investors.
The remaining 95% are being held predominantly by insiders like Michael Kehler and Jay Bloom who were given a combined total of just under 20% of the company. The retail investors were and continue to be phased out and their market share being reduced. There was more to this SPAC deal than what we are being told.
It is ludicrous how poorly the deal was made. Giving majority control to the GXII sponsors that brought zero capital to the table is gross incompetence on behalf of Mark Smith and Niocorp management.
Seriously?!?! There’s nothing to prevent them from investing in Niocorp NOW! We are on NASDAQ and the Russel 2000 index. Why are the institutional investors NOT buying Niocorp. You make absolutely zero sense with your nonsensical statements. Are you on drugs?
Why are they not investing NOW?!?! BOOM, Mike Drop!!!!!
There is to, zilch in any of that to support your “theory”. These banks were not big banks compared to the top 10.
There’s nothing to indicate that institutional investment groups refrained from investing in stocks. In fact, I would argue that the exact opposite would have been likely to occur because their money would have had been better invested elsewhere, but I highly doubt that ANY of the institutional investment groups in the SPAC were associated with any of the failed banks, and if so, there certainly was not 96% of them.
The argument that the SPAC failed due to the handful of bank failures in California is completely fantasy. These institutions still hold warrants. Why are the not executing them now? 🤔
I call BS. Where are your facts on this?!?? It will take just a little DD, but I would bet all those institutional investors that were in the SPAC were investing elsewhere during that time. I’m guessing someone from Niocorp blew that smoke up your arse.
If these institutional investors had done their DD on the project and it was a golden goose like you proclaim, the little burp in the banking industry would not have had any effect on their investment decision. I’m not buying that excuse
Let me get this right. They don’t have the funds to complete the current feasibility study, but they have the money to research the feasibility of recycling rare earth magnets?!?!? How about they focus on the current tasks at hand. They don’t even know if the production of rare earths is feasible NOW, let alone recycling them!!! Come on, get the #*cking feasibility study completed!
Pompous is too kind. I’m guessing he was picked on a lot for his shortcomings as a child. Anytime someone calls him out, he cries “bully”. He can’t be very old because I can’t imagine a grown man behaving like that.
I’m wondering if that’s what GX guys were brought in to do. They can literally run the share price down, force the sale if the company and take it private. Between Mark, the GX Goons and other insiders, they have controlling shares. The collective amount of retail shareholders couldn’t do a damn thing to stop it.
If that were to happen, I don’t think the retail holders in Nebraska would be very pleased. I’m guessing there’s some good ole boys there that have heavy equipment to move dirt and have invested in the company. If they screw over the smaller retail investors, there may be some roads and bridges being taken out in the middle of the night.
Private placements are easy money. The investors buy the shares, sell them to get their money back. They hold their warrants and execute them if the price is above their strike price. There’s literally no risk on a private placement.
When I first started investing in Niocorp, there were less than 120,000,000 (12,000,000 equivalent when considering 1 for 10 reverse split) shares. Now we are at over 35,000,000 (350,000,000 million pre split). Dillution has increased to just under 200% since Mark has taken the reins. I would not say Mark has kept dilution down. Increasing dilution to 3X and having a share price at decade lows is not an acceptable achievement.
How about this. Provide us a comprehensive list of all the achievements that Mark Smith has made that have benefited the company and its shareholders in a positive way.
Big News!!! We are gaining traction now!!!! Oh wait, this was 10 years ago. We were trading at nearly double the equivalent SP today and we had less than 1/2 the equivalent outstanding shares.
We couldn’t have made it to where we are today without Mark Smith’s outstanding business acumen 🤬🤬🤬🤬.
AO, Fact Check all of that.
https://www.proactiveinvestors.co.uk/companies/news/104347/niocorp-signs-confidentiality-agreements-with-credit-suisse-morgan-stanley-shares-rise-58340.html
Agreed 💯
Well, he was a critical reason why we landed the GXII SPAC deal. Gee, that went very well!!!!
Mark is great at making horrendous business deals. Stellantis executives are probably all very excited to take advantage of Mark after seeing how GXII executives played him like a fool.
Provide ANY evidence that I have bashed this stock!!! Being critical of management is NOT bashing the stock. Management has made mistake after mistake in their execution. The complete lack of any due diligence into GX was the last straw.
Keep on being an ignorant fool. I will NOT follow your lead. It’s time management be held accountable for their actions and poor performance.
Pointing out how your predictions are always opposite of what you predict is not an attack on Niocorp investors 🙄 I’m just pointing out your false statements and shining a light on your ignorance.
I am an investor you fool!!! I’m so tired of your ignorance.
Why don’t you ask the initial investors in Celularity how they feel about that logic of yours. You know, Celularity, the company whos investors have been robbed of their wealth by Dean Kehler’s GX SPAC before us.
They did a reverse 1 for 10 reverse split to get on NASDAQ. They just had to do ANOTHER reverse 1 for 10 split in order remain trading on NASDAQ. The original retail holders now have a mere 1/100 of their original shares.
The GXII deal has been and continues to destroy the company. They own and control us now. We don’t own them!
It can’t be a travesty. Always Optimistic clearly points out that this a great business move. He’s never wrong…….or is it he’s always wrong 🤔
If you think it’s a smart business move, we a most certainly doomed. Every time you have praised management for making a smart business move, the share price plummets. Anyone can FACT check that.
You thought the 1 for 10 reverse split was a smart move. You also thought it was a smart move to merge with GXII. You also thought it was a smart move to join NASDAQ. You also thought it was a smart move to join the Russell index. Just look where all those smart moves have gotten us!
I think it’s fair to say that if you think it’s a smart move, that it’s sure to cause more devastation to retail share holders.
Yes, he may be mean spirited, hateful and vengeful and constantly trashing the project. However, you can not deny him of being right.
I hate to admit that LCP77 has been right. Mark Smith appeared to be a very genuine person, but he clearly doesn’t have what it takes to get across the goal line. He is our Charlie Brown. Everyone likes him, but he just doesn’t have what it takes to score. It’s time to bring in a new coach and new players.
Sometimes a complete purge is required to have a winning team. Mark and the dream team who have lived very comfortably off of the shareholders for the past decade are stale……would love to LOL, but the truth isn’t funny.
Unfortunately, it’s a fact that can clearly be backed up. I wish it weren’t true, yet here we are.
Year after year of constant proclamations of astounding feasibility studies, financing and construction coming. Yet here we are a decade later, waiting for a third feasibility study, a failed SPAC deal that ended up costing investors hundreds of millions in market cap loss, and massive dilution of investor’s shares.
You just keep ROTFLMAO, but it’s not going to change the facts. The fact is you can NOT refute the facts. I’m not saying I like it, but it’s true. Mark constantly fails to execute, but he never fails to disappoint.
That sounds wonderful! It would be nice if Mark Smith would hit one of his projections.
The SPAC deal with GXII that failed to bring any capital was devastating. The stock plummeted along with a 1 for 10 split and the dilution appears to be endless. It’s fair to say Mr. Smith continues to tarnish his reputation and the confidence of shareholders.
The bush is on fire and the birds, rabbits and other inhabitants have been incinerated.
I remember reading Niocorp could be operational by late 2016. I remember financing is imminent in 2019. I remember being told to vote for the GXII merger because it was going to benefit shareholders. I could go on and on with these.
The fact is, this ore body was already explored in the 1980’s. The project is on private land owned by Niocorp (shareholders). This was not a greenfield project where was nothing known. Management promoted themselves as veterans in the mining industry, yet they have made mistakes that even a rookie kid coming out of college would be ashamed of.
No one here expected this to happen overnight, but more than a decade into this and we are at lows not seen in a decade. Not to mention the depleted shareholder value from the 1 for 10 reverse split and the astounding dilution.
No, I didn’t expect this to happen overnight, but it’s fair to say that I did not expect to be where we are today. The one thing that is certain after being in this investment over the years. Mr. Smith never fails to disappoint.
https://nebraskapublicmedia.org/en/news/news-articles/elk-creek-niobium-mine-could-be-operational-by-late-2016/
Mark Smith NEVER fails…… to disappoint.
Where’s your cred? You haven’t been right about a damn thing. Sadly, LCP77 has the most cred here and no one, not even the great Walter, can deny that. You have hope. Like my mom used to say wish (hope) in one hand and shit in the other. See which one fills up first!
Everyone here has been wishing and hoping for a decade with these clowns in charge. FYI, the shit has really piled up and we are at decade lows!!!! Show us your credibility!
I’ve known of several investors who have passed the past decade from natural causes. The majority of investors that you can see in the town halls and many on here are 70+. In another decade there will be several more here that have passed away. It’s sickening to me that anyone that has been here for the past decade can continue to defend these clowns.
They led us into the worst business deal imaginable and the share price plummeted as a result. How can you support these people whom we have bankrolled for the past decade and we are at a decade low share price?!?! You feel the salaries, bonuses and raises are commensurate with the results?!?!?! GTFO