Niocorp Developments Ltd (NB)

[School_Boy_Ku]

So I have a theory as to why our SP is staying steady even with these pretty huge gains. My theory is that there was a large large number of traders that were literally flushed out when our SP dropped from 65 cents to 50 cents and even 47 after the "anticlimatic" shareholder meeting. After the shareholder meeting I believe traders ran with some pretty good profit and planned on buying back even at an even lower price because im sure they all predicted it would drift lower with the BFS being pushed out. The rally from 50 cents to now (roughly 15 days) absolutely caught us all by surprise and for those who held it was a pleasant surprise. Anyway, traders love to sniff out bottoms, and in this case, I believe most of them missed the opporunity to buy low and are now SQUIRMING and buying high because they are fearful they will miss the REAL train. So in summary, I think our SP is holding strong because I just dont think many traders are in the game now.

What do we think?