Let's not confuse 'drama' with opinions..... again, much to the shagrin of some of the 'praetorian guard' class of long-time investors (not all by any means), we don't need to wait until the merger and reverse split to see the handwriting on the wall.....
What are the chances that after the 1:10 Reverse Split that the stock appreciates by multiples of $10, to match what would have been $1 price increases before any RS.... logic: because there is no revenue and supporting fundamentals except NPV & Market Cap, and even though we've been told for years that this stock price (pre-finance) should be tied to to NPV, we have seen how that is simply not the case....without supporting fundamentals, i.e., net income, revenue, EBITDA, etc.... I don't think this stock will move much at all (between the merger and mine production) what catalysts, pray tell, would be responsible for significant share price increase?
I know many keep saying, just relax, this is a long term play, stop being so impatient (even tho investors have already been in for a long time)... ... Dang, Wall Street works on quarters, but Niocorp expects their shareholders to exercise extreme patience for 10-15 years, before expecting any reward.... while being in the dark most of that time, and going thru FS rinse repeat cycles every few years, i.e., **FS2012, FS2017, FS2019, FS2022 and another in FS2023 ( that is if that date doesn't also get pushed out a few quarters or year(s)......
Do i agree that this project will start paying off in the next 3-5 years, yes i do... and it will pay off big time.... but what about what everyone was expecting, i.e. a more linear SP appreciation, INSTEAD of BEING END LOADED, STARTING IN 3 OR 4 YEARS INSTEAD OF STARTING TO PAY OFF UPON THE FINANCING.... REMEMBER, EVERYONE HAS BEEN AWAITING FOR THE FINANCING AS IF IT WAS THE 2ND COMING OF CHRIST....every day post after post- over the past few years, has been about the upcoming FINANCING... and how good things were going to be when that long-awaited and much heralded financing came and what it would do to the share price....even the most loyal MB shareholders were wet dreaming about this 'Financing Nirvana'- I'm sure we can all remember that..... comon'.... NOW, we have moved the goal posts yet again, and many are trying to convinc everyone that waiting another 3-5 years is a very reasonable position and those that are not excited about a 1:10 reverse split are mal-contents, whining and creating drama!!
NET NET: Those who say it was either this substandard finance deal or wait 5 yrs. to get onto NSDQ, are presenting a false choice argument, and our A Team of management has had years and years to come up with a better financing arrangement, and have come up empty and thus this financing deal is on the table!!
I pray that another 'suitor' or partner or financing arrangement presents itself before this financial monstrosity becomes a reality......
All My opinion..... you are entitled to yours......
NCT
