Niocorp Developments Ltd (NB)

[Contrarian58]

For now, it's all sound and fury, signifying nothing.

All the conjecture regarding permitting is just a waste of bandwidth at this point, barring official word on permitting status from the Corps or Niocorp. Clearly there is a risk of higher costs and delays attributable to permitting. That is just one of a multitude of risks with a range of probabilities--and therefore quantifiable values. That is why this stock currently has a value of $0.71 (US) when last I checked, rather than the $15+ value recently posited on this board. That's a pretty substantial risk discount.

On another note regarding "manipulation" of the stock price:

It's human nature to see a conspiracy whenever things are not as we think they should be. However, it's highly unlikely that dark forces are manipulating the price of Niocorp. People who make serious money on trading stocks would not waste their time on a penny stock that typically trades in volumes of tens of thousands of shares on a good day. In all probability, the ups and downs of Niocorp are attributable to day traders sitting at their basement workstations in their underwear buying and selling the same five- or ten-thousand share block each day or week. It beats working at the local Walmart. If the noise truly bothers you, stop listening or find a "quieter" stock.

As for me, I fully expect Niocorp to fund a very comfortable retirement, and I'm willing to wait 3-5 years to see if I'll be retiring to Oregon--or a villa in Tuscany.