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Re: GrowthMindset post# 42440

Wednesday, 10/10/2018 6:28:00 PM

Wednesday, October 10, 2018 6:28:00 PM

Post# of 113376
No, simply a “commercial sales contract”, but that’s not really a surprise. MS has long stated that his goal is to sell scandium based on the value to the end user. With that plan it is not smart to publish your sales price, provided you can do so within anti-trust regulations as you don’t want customer A to know what customer B is paying. This gives Niocorp more leverage in other negotiations.

It’s also possible that the agreement is for a percentage of Traxys sell price and not a flat rate, or at least a combination of the two so that Niocorp gets a cut. I’m sure Traxys sells metal to aerospace with a higher premium than the sporting good sector.

Somebody with more time that me this week should try to figure out who Traxys’ aerospace customers are. Under the agreement Traxys is now Niocorp’s only acccess to the market. This is a concession that Traxys likely requested to gain a competitive advantage themselves and I’m curious of any downside. I googled Boeing and Spirit real quick and did not find a connection, but that’s not a surprise in 30 seconds of research. Airbus is already working with foreign suppliers so they were not a likely customer anyways.
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