Niocorp Developments Ltd (NB)

[RubeSilver]

Thanks for the report.

I only question I would have had for management is why they settled on GX when there were 5 or 6 other debt scenarios out there to choose from. The largest lender so far has bailed on doing a deal. What were the alternative packages to choose from.

That is what the concern is for some of us . Niocorp was introduced to GX in June and a deal was struck by August with terms not in favor of the long term shareholders. I believe this deal was put together quickly because GX was up against it and Niocorp did not have a Lender B.

Now we have the majority of the company given away(unless redemptions are major in GX) for maybe 30% of the amount needed. Couple that with the history of GX and their management.Google Global Crossing and tell me what you think.

This might work out for shareholders or it might not. Place your bets.