Yes Demo- that is what i signed up for a few yrs. back- and definitely not this financing scheme, with SP supressed and an ugly RS.... without getting into any advanced math, basic logic will tell you that it would be much easier for NIOBF to move from $1-$10 on favorable financing, positive REE demo results, FS update, etc....
Thank it would for NIOBF to move from $10 post RS, to $100 on that same set of news......
IMHO this whole financing package is being spun and investors are getting used to making the most out of the table scraps that we are getting fed- in lieu of the very positive trajectory that NIOBF was on b4 this SPAC merger was announced.......makes me wonder if there ever was an A B C D or E or were we in bed with SPAC executives like Bloom & Kehler, of Global Crossing implosion FAME..... who walked away with $35M each while GX shareholders (some were friends of mine) saw their shares/401K's blow up.........
I was sure that with the results of the Demo Plant testing, that we would have financial instutions beating our door down, or at least a few that were offering fair, reasonable equity & debt packages..... especially over the last 4+ years with management being so optimistic about getting financing, and now with the REE(s) accreditive revenue contribution, wouldn't the objective observer feel that we were finally settling into a very attractive position........ after all, we were right on the edge of financing BEFORE we announced REE results, and since this demo testing was pretty much 'confirmatory' since, as Jim explained in a response to my question on 4/9/22- The company already knew fairly accurately what the REE numbers were going to be coming out of testing, and Jim went on to say that even during Demo testing NIOCORP WAS IN TALKS WITH FINANCIERS, MODELING THOSE ANTICIPATED REE NUMBERS (QUANTITIES/ADDED REVENUE) !! .....
So, where did the train go off the tracks, to bring us current, where, regardless of any amount of favorable news, nothing will move our SP and we are in for a 1:10 RS!!! and then we hope that resulting (post RS) $10 SP will somehow move (OOM) i.e, 5x SP or 10xSP- to match what the NIOBF share price very well may have done with conventional financing i.e., (200M shares shelf financing) + Debt Financing partner...... I think it would have been very reasonable to expect our share price to move from ~$1 to ~$8'ish upon competing conventional financing..... AND WE WOULD NOT HAVE TO SUFFER THE 1:10 RS!!!
I for one, know unequivocally that this is not what i waited years for...... it flies in the face of what mgmt. was telling us about share dilution and imminent financing for many years.......I, as many other loyal shareholders, have been willing to wait a few years, even while constantly hearing our mgmt. team move the prize out 6 months and 6 more months and next quarter and next year and just one more Feasability Study, and on and on and on.......
Am i the only one who just does not see how it has come to this!? Was anyone else waiting for what management had told us, and although it had taken forever and ever with delay after delay, we seemed to close to that 'catbird seat position' as soon as the 'confirmatory' Demo testing is released...........
And again, i am waiting for the legacy investors, the ones that will defend any mgmt. move, no matter how bizarre, to tell me and anyone elso not drinking the Niocorp share dilution, alternate financing kool-aid to move on, and just sell your shares that you have been patiently waiting to work for you..... and be done with it.......
Absolutely Incredible........
NCT
