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Monday, May 10, 2021 8:42:41 AM
"(Reuters) - The S&P 500 futures hovered near record highs on Monday as investors awaited economic data this week for more clarity on the pace of economic recovery, while higher commodity prices supported shares of miners, energy and steel companies."
NioCorp sits very nicely in this conjunction of "miners, energy and steel companies"!
My thought regarding received financing; Whatever group or consortium provides financing will likely sign an agreement to provide the total projected financing cost, will probably clear out Mark's and Lind's debt first, and proceed to release a portion of the funds as needed monthly or quarterly to advance operating costs and construction. (Structured to minimize total interest.)
Operating amounts in the corporate account might earn interest from the bank but NioCorp would probably not want, and for all I know, might be restricted by agreement, from using the funds to purchase Bonds.
Why? Bonds fluctuate in value based on the issuer's credit rating and changes to prevailing market interest rates. The bond may be callable, it is potentially subject to default, and has transaction costs in the purchase and sale of the bonds. The result would be that NioCorp could not rely on an amount certain in the bank when they need to cut a check.
So probably not, but they will probably get paid interest on the corporate checking account.
Recent NB News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 04:28:49 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/15/2024 10:02:51 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/15/2024 10:01:47 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/15/2024 10:01:29 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/15/2024 10:00:51 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/22/2023 09:00:27 PM
- Form D - Notice of Exempt Offering of Securities • Edgar (US Regulatory) • 12/21/2023 09:45:51 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/20/2023 09:55:17 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/17/2023 09:30:58 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/17/2023 09:30:47 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/17/2023 09:30:35 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/13/2023 12:30:19 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/12/2023 09:01:20 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/07/2023 12:30:18 PM
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