Niocorp Developments Ltd (NB)

[tedro84]

It’s easy to cherry pick ten baggers. It’s a different story to actually capitalize on them. Molycorp’s rise was short lived and ended in bankruptcy. Investors that got out at the speculation driven peak certainly did well. Niocorp has only been a ten bagger for those that also took advantage of the spike. Finding these investments in hindsight is as easy as any other google search. Actually buying and selling to achieve such a return yourself is a significant challenge. Largo was one sitting right in front of the visitors to this board, yet it appears few if any were able to capitalize on it. I considered it two years ago and have already explained why I chose not to invest.

I do not view MS’s involvement in Molycorp positively. His resignation under the SEC investigation should certainly give any prudent investor reservations, let alone the bankruptcy afterwards.