Niocorp Developments Ltd (NB)

[Roymac81]

The only ones making money here are Mark Smith and the management. Since 2010, Mark has been cashing his $300k+ salary. At this point, the only one here who became a millionaire from Niocorp is Mark Smith.

Now, granted... if Niocorp picks up, Mark Smith would become a multi-millionaire. He owns about 20% of the company, which is about 40M+ shares.

He's fine with whatever scenario.

Now, I understand this venture takes time. But is he realistic on the requirements of such timing? I mean, in order to keep this boat afloat we need truckloads of money each year. Minimum $8 million to keep the momentum. He's been saying that Niocorp was ready "take the next step" since when? 2011? And now we are getting close to 2019? And every year is the same thing... "This is Niocorps year", and the next year, same thing. Was he even expecting this company would continue to exist in 2018 if no funds were available?

All I'm saying is that Niocorp was never supposed to take almost a decade to just get the funding secured. I don't think that was part of Mark's idea, at least not in the way he started Niocorp. Was he expecting Niocorp to just keep gaining value indefinitely, without any major advancements or news? Is he not telling us something that he and his team already know? It would be great to have more transparency and just let the shareholders know what's going on, and what to expect...

And again, the only reason this page continues to exist is due to the 2018 Executive Order on rare metals. Otherwise, at 20 cent share value, I think the management will not be able to secure any new funding.