Please forgive me for being candid- but i must say that i am still stunned and hugely frustrated that we were not able to pull off L3 Demo plant testing, when we had 7 MONTHS to get a 2-3 week test completed! It would have been a huge feather in the NIO cap, to have gone into today's REE conference on the heels of the Demo testing REE results! and notification to investment communities that NIO has the Goods, they have been analyzed, quantified, and the story just got significantly better......... There is no other way to spin that fact!
And for those that contend that it (timing on the completion of the L3 Demo Plant testing/results) was out of Niocorp's hands and that they were at the mercy of L3 's timeline for starting and completing the testing........ I would argue that a much tighter reign on contracters, and compliance with contract terms, including procurement of equipment, operational aspects, etc... and comparing contractor/vendors, should have all been in play.... Of course we are not privvy to what went on behind the scenes with the vetting process of Niocorp's contractors, but one has to ask and wonder if L3 was properly vetted regarding their ability to complete the important phased testing task(s)..... or were they just 'on their own timeline' on a status of minimal oversight and finishing the task when they got to it.....?? many were very underwhelmed by L3's website a few months back.... wonder if we didn't sacrifice professionalism and time sensitivity- in favor of 'least cost provider/contractor'.......hmmm.... and we STILL have not received updates on any progress (and have had to fight tooth and nail just to get an update saying that the testing start was delayed 4 months + due to equipment (KILN) supply issues)..... This is going on 7 months now.....That is piss poor communications, regardless of how you spin or slice it!
And here we sit, on the day of the 'new day is dawning' campaign for NIO, where we embark on the road show tour to show the world what we have here.... , starting with this REE conference, and we don't even have the tailwind from the Demo Plant testing PR to add the cred during the REE conference! ARGHHH
Well, one probably shouldn't be suprised, just throw it on the missed deadline and imminent financing and FS2012, 2017, 2019, 2022 pile of milestones and consistently moving targets that CAME AND WENT.........I have always said that it would almost be impossible to screw this opportunity up.... with the way the geopolitical planets are aligned wrt our REE/CE product in the bulls eye of wall street, politicians, EV automakers, green energy wave hysteria, etc. etc.... with NIOPERFECTLY POSITIONED AT THE RIGHT PLACE AT THE RIGHT TIME......... BUT we seem to chase our tails and pull defeat out of the jaws of victory on a regular basis!!....
Sheeeeeeeeeeeeez..............
Let's go NIOCORP.... YOU CAN DO THIS!! YOU REALLY CAN!!!
NCT
AI
