Niocorp Developments Ltd (NB): Trofee, so if 2mil.shares have been boug...

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Niocorp Developments Ltd (NB)

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Re: Trofee post# 40915

Friday, 08/31/2018 1:00:14 AM

Friday, August 31, 2018 1:00:14 AM

Trofee, so if 2mil.shares have been bought in 2 days that would be 1 mil/day @ .50 = $500K USD per day.(I'm rounding here for simplicity), that means that we have a management team & project that can bring in cash 30:1 over the burn rate!!

I'm adding this link for anyone who doesn"t understand why financing takes its sweet time. It's up to the banks , NOT the Niocorp team! It is almost 20 years old, but explains what Mark Smith said at the last town hall meeting --- when money pools form.

https://www.saimm.co.za/Journal/v100n03p145.pdf

Think I'll stop buying Nio shares when we uplist...maybe not even then.

OTC closed Monday for Labor Day. Have a GREAT WEEKEND !!

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