Niocorp Developments Ltd (NB)

[walterc]

At times like this it is of course a lot easier to criticize than to defend.. We are now in the defense but we wil win in the end. Too many good things are bound to happen.

We lost a battle with the Spac but not the war.

So I want again to correct some of the false statements made on this MB by some posters

1) Mark did not sell one share. he remains our most committed shareholder to make this happen.
2) We were not giving away 90 percent of the shares with the R/S ; Giving away means we did not get anything in return. I understand the discussion by some that shares at 90 cents are more easily bought than shares at 9 dollars and that going from 90 cents to 10 dollars is easier than going from 9 dollar to 100 dollars but that is maybe so for retail investors but not for institutionals and once we are financed this is going to be much more a play for institutionals and less for retail shareholders.. Most institutionals are not buying at 90 cents.
I find therefore the recent financing by a Fund encouraging

The recent decrease in shareholdersprice we are experiencing now is of course the result of the negative outcome with the 95 percent of redemptions in the Spac . No way I can be positive about that and I hope to get some time in the future an explanation from the sponsors in the SPAC how they could not have foreseen that. If I were the CEO of the SPac I would have communicated with the 6 largest funds and would have known the outcome beforehand . Of course I do not know how much the banking crisis which started 3 days before the GXII voting and created chaos had an influence on the decision but I believe more in the explanation from Scooter that over the last year Spacs had lost their charm and 95 percent redemption was the standard redemption rate ( although we thought we were different).

I am only human and I apologize if I have hurt some feelings but I will continue to defend both the fantastic project and management team.

It is simply not easy to set up a mining project . Look at Niobay , Cleanteq , Scandium International , Excelsior . and where they are. We are shovel ready AND WE WILL BE FINANCED.