Niocorp Developments Ltd (NB): The initial Phoenix project was mostly e...

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Re: JCMG44 post# 62529

Wednesday, 06/24/2020 6:40:20 PM

Wednesday, June 24, 2020 6:40:20 PM

The initial Phoenix project was mostly equity as they took advantage of rampant speculation in the REE industry and promotion by Goldman Sachs that drove the price up. They also issued some bonds at this time. Most of the debt was acquired later when they acquired NEO performance and with later bond issuances.

Not to mention some of price inflation after the various misleading announcements about heavy rare earths at mountain pass.

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