Niocorp Developments Ltd (NB)

[tedro84]

Congratulations NioCorp!

You hit the six inch put for triple bogey.

KG, inadvertently you’ve hit the nail on the head here. Only retail investors drive the price up like that on fully expected news. Notice the volume drop off and slow price degradation this afternoon?

Hopefully a few more Nebraskan’s took the opportunity to exit their positions today. Literally nothing in the story has changed. It’s not further derisked because the permitting process was never a significant risk to the project to begin with. The risk profile is entirely what it was yesterday, a month ago, and after PEA2 when they decided to go all in on scandium.

I’m extraordinarily curious to see what the company has planned next. I suspect a pump game with a few fluff PR pieces, followed by who knows what. A simple extension of the MS loans is very likely, probably with a fee. MS isn’t a fool. I’m sure he has an exit plan.