Niocorp Developments Ltd (NB)

[tedro84]

Why do you always want to make things personal? Your link does not dispute anything I posted, but does provide additional information. Morgan Stanley and Credit Suisse are common debt facilitators. This does not mean they directly provided financing. It simply means they provided the means to allow private investors the opportunity to purchase the bonds and equity involved in Molycorp’s Neo acquisition. Two of those investors appear to be Apollo and Oaktree. There are certainly many others that may or may not be disclosed in the bankruptcy filings.

In layman’s terms it goes like this:

Morgan Stanley to their most wealthy clients that have an interest in the sector: Hey you want bonds in this new REE miner? Here’s our prospectus.

Private investors: Sure, sign me up.

Public disclosure: Morgan Stanley closes debt facility.

Recap: As you have shown, Morgan Stanley and Credit Suisse we’re involved in helping secure the debt portion of the Neo acquisition, but apparently not the initial funding to reopen Mountain Pass. It appears that neither of us know whether or not these companies actually held debt in Molycorp.