Thanks for watching out for us and sharing your valuable insights. Here's some additional information that might be helpful to highlight the points you make:
There isn't anything about Niocorp that has to do with Solyndra, so if you are making a comparison to that company, there is no basis for comparison, in my opinion. That would be like comparing apples to aardvarks (even that comparison is better since both begin with "a".)
No one has claimed there is government funding beyond a loan guarantee from the German government as a result of the offtake agreement with Thyssenkrupp. And, there hasn't been hype about government funding unless you consider the solid DD posters have reported about a multitude of government programs that Niocorp can potentially benefit from. Then there is the recent set of meetings with White House officials and members of Congress. It's pretty exciting, in my opinion. Is this the "hype" you refer to or is there something else?
As has been pointed out, YA Global is there for back up financing should it be required. There is going to be a huge influx of money, quite possibly in excess of 300 million dollars, shortly after the merger with GXII (likely this quarter). They are already listed on NASDAQ and Niocorp will become listed there after the merger. How many OTC tickers advance to NASDAQ? Niocorp isn't a typical OTC company as it's solid enough to advance to a higher exchange. It's also been a top performing company on the TSX exchange.
So if there is something resembling a smelly turd as the use of "Nioturd" suggests, I don't see how Solyndra, government funding, or YA Global supports a pejorative term applied to Niocorp. Again, just my opinion. You are certainly entitled to your opinion as well; although, backing it up with factual information (as I've done) instead of assertions would lend more credibility. Do you have some facts to back up your claims?
There really is extensive DD and information on this board, and the company website that detail what a fantastic project Elk Creek is. Niocorp will be providing three critical/strategic elements--niobium, scandium, and titanium. A secure, domestic supply of these will reduce our dependence on foreign, hostile sources. The United States imports 100% of niobium and scandium and 92% of titanium. On top of these resources, there are rare earth elements. In fact, Niocorp has the second largest known deposit of REE in the US. These are important in many technologies, especially permanent magnets needed to power electric vehicles. And the planned mine complies with all ESG principles so environmental protection is a respected priority.
With even a cursory bit of DD you will find many reasons to recognize the tremendous value in Niocorp's Elk Creek mine. Still time to grab some shares before the merger. Thanks again for sharing your valuable words of caution! GLTY.
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