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Tuesday, June 27, 2023 1:10:13 AM
https://www.niocorp.com/niocorp-expands-existing-non-revolving-credit-facility-to-us4-million/
The amounts outstanding under the credit facility will become due on June 30, 2023.
Will they extend the loan again?
Will they pay it off and get out from under the obscene 10% interest rate?
Will they increase the debt ceiling to $4.5 million and keep kicking the due date down the road in perpetuity?
Does this debt affect the company's ability to qualify for the EXIM loan? Perhaps we'll finally see this thing paid off, which will make our books look more attractive to other commercial lenders?
Mark Smith's other company, IBC Advanced Alloys has taken a novel approach to paying off debt - they issued shares in lieu of cash. If Mark Smith truly believes in this project, he should be willing to accept 800,000 NioCorp shares and call the debt settled.
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