Niocorp Developments Ltd (NB)

[tedro84]

I don’t have a problem with him as CEO of both companies and a director for another. It’s common in this industry and others. The reality is that none of these are “full-time” jobs as most people think of them. He gets paid for what he knows as much as for what he does. You can’t just go bang on doors 40 hours per week asking for money. In this regard, I think Sims government experience is actually much more valuable than everything Smith brings to the table.

My number one complaint about management is still the lack of updates. Smith hasn’t directly addressed shareholders for about a year now and that is inexcusable. A quarterly update letter is not too much to ask for, and issues such as the 408 permit should have been communicated directly and not through the senate hearings.