Niocorp Developments Ltd (NB)

[Rader1977]

Fortunately I'm not invested in Celularity or Global Crossing. I can only expect Dean Kehler to pursue the biggest possible return on his NioCorp investment, and if that includes raising capital to get this mine built, I welcome him to the board. If he really does own millions of NB shares (as I've seen claimed on this board), the best way for him to make money is to get the share price up - which would benefit the rest of us as well.

The downward share price we've seen in the past few months may be Kehler and the rest of he GXII execs unloading all their shares. I hope that's not the case, but volume has been substantial since the NASDAQ listing and those shares have to be coming from somewhere. Anyone who bought in the last 2-3 years (myself included) is underwater, so it's unlikely new retail investors alone have been driving this volume.

With Board seats, I would hope Kehler and Maselli are in this project for the long term and not just dumping all their shares on the open market. I really don't know, but we'll find out at the next quarterly earnings meeting or if the company releases a FS before then.

Until I hear otherwise, I'll give Kehler the benefit of the doubt. Global Crossing failed because of debt and the project being overly ambitious. Celularity doesn't have good science behind it. NioCorp's Elk Creek on the other hand has proven resources that the country needs. If NioCorp ends up being Kehler's third time charm, then yes - he'll be Mr. Wonderful after all.