Niocorp Developments Ltd (NB)

[Middleborder]

D.S. Thank you. It will happen I think, but probably not at the subscription level it would have 2 weeks ago.

Your:

"There are a lot of unknowns as the company moves forward in a crucial period. Moving to the Nas (NASDQ) and getting much needed funding is a very positive development. On the downside, you will know shortly how much cash is coming over. Nio (NIOBF) shareholders have their holding scalped by 90% in shares. Who will support the stock when it moves to the higher board. This merger has come at a dark period with Silicon Valley giving shareholders a wake up call. "

Cash coming in is not a downside. Share Dilution is not "Scalping". Grunt's earlier post explains why it should not be taken that way.

https://www.niocorp.com/niocorp-shareholders-vote-overwhelmingly-to-support-business-combination-with-gxii/

"NioCorp Developments Ltd. Shareholders Vote Overwhelmingly to Support Business Combination with GXII and to Approve Up to $81 Million in Separate Financing Deals for NioCorp"

Obviously the additional cash will not re-inflate the SP but it does allow NioCorp to start addressing their business objective and is not a Lind style share dilution that provides cash so that NioCorp can just continue to pay salary and exist.

The Merger will happen even at reduced subscription and will allow a move off of a (mostly) paper proposal to actual physical operations which will result in saleable products and profitability in 3-4 years. (And yes, I am of the minority opinion that the SP will probably still look ugly during that time and even after an uplisting. Will my GXIIW warrants expire worthless before 2028? I hope not. )


Note that in the event we do not reach full subscription level GXII will pursue additional finanacing to make up the shortfall.

I do not hold LWLG and do not know much about it but I do not think that they are comparable. (New Lower cost Polymer based optical transmission server circuitry VS Critical mineral mining with apparent Government support.)

Now If you do not hold shares and think the price will continue to go down... Altruism? Seeking a Lower re-entry point?

(I am off to do other things now!)