Niocorp Developments Ltd (NB)

[SkiFunds]

Facts first:The deal price is set at $0.89 cents and that is what all holders of GX that don’t cash out will be paying for their shares. Dilution happens only when the deal is consummated, or possibly when the shareholders vote for the deal and increased shares to close the deal.

My opinion: I wouldn’t count on it effecting the stock price anytime soon. When the deal closes and the stock is listed on NASDAQ I don’t think new and institutional investors will be factoring our dilution into their calculation. The bottom line is that the new market cap will drive the price and that should have a positive effect. If the deal doesn’t close you can probably buy all you want for $0.67 or less.

Also in my opinion: I’ve reviewed a lot of Mark’s comments and I don’t see anything saying that we won’t have data on the L3 test results until next year. I get the impression that we’ll see more results in the coming weeks if there aren’t any problems that arise.