Niocorp Developments Ltd (NB)

[ColdDarkHole]

Its unfortunate that the more love the project gets via low redemptions, the more we get diluted prior to the reverse split.

It appears If we have very low redemptions rhe r/s ratio gets worse due to the higher number of shares. If we get high redemptions we get less dilute but less cash.

Of course there is the delusional optimism of $5 pps at r/s time which would lower the ratio but that is quite unlikely because that would create a wild market cap way way more than cost of building the mine assuming $1Billion still.

Yeah sure theres ree results to come. yay! Wohoo!

Watch, it will probably be around a buck +/- .10 come reverse split time. I would enjoy a higher price, but reality is a thing.

1:10 is best case scenario in my opinion. I dont care what the split is, I care about what our final % ownership is down to after the combination.

Unfortunately for building the mine we have to cheer for very few redemtions and eat our dilution sandwich and like it. Arbitrage please go away because we need the money! Cut what gains that were once upon a time possible in half or so because we give half the company to gxii shareholders.
That might still be ok!