Niocorp Developments Ltd (NB)

[jeunke22]

Yesterday a group of important European investors had a “ Come to Jesus meeting’ with Mark Smith and Dean K. basically to understand moods, positions and path forward after the failed SPAC deal . Moreover to get to know Dean K.and his possible contributions to the financing of the company and to question and judge Mark Smith performance as Niocorps CEO. I will spare you the details. We had an open discussion and investors were able to vent all their issues and frustrations. I think Mark got the message. Dean understands what we expect from him. The messages both gentlemen received were at times pretty blunt and tactless. Let me just highlight the positive outcomes. Dean ‘knows’ project will be financed by commercial banks. No doubt, top project , hard assets, banks love it. Did put his reputation and experience as banker convincingly into the equation.
EXIM process ( 6-9 months) has three different elements in the Phase 1. First leg is
financial scrutiny by ‘ accountants’ This is a ‘go or no go’ for the next leg in the authorization process. This could be within around two weeks after submission ( in fact any moment). New for me. The next legs get into the technical side and underwriting criteria ( if I understood well). Russell addition will add awareness and volume ad well. Positive that the guys had the courage to come over and to listen. Convinced this thing will fly again soon.