Niocorp Developments Ltd (NB)

[NorCalTommy]

You know what i find frustrating with our correspondence with management-

In Chico's 3/17 inquiry to Jim S regarding any other possible involvement by government agencies for funding- Jim indicated that yes, they were in discussion(s) with multiple agencies.... that was 5 months ago, but we as shareholders don't get to know any of the basic details of the possible interaction(s) with government departments re financing... We are just expected to take that Yes response without any detail, i.e., which departments, what the financial request is, any status, etc.... and be happy with that..... all the money you have invested and making your investment decision based on data regarding the company is thrown out the window....

We just have to have that 'Blind Trust' that the company is in fact aggressively interfacing with multiple government groups and making progress in securing financing (god help us if we are in fact putting all of our financial eggs in the single EXIM basket!!! ARGH

Especially troubling is - expecting blind faith/trust in mgmt's ability to effectively move forward on multiple fronts re financing)- in light of the 'less than impressive' record management has over the last 5 or 6 years in gaining financing, while we were being told that:
- financing was imminent
- Niocorp was dealing with multiple finance entitites and there was 'competitive tension' between the possible financiers
- and 3 successive FS study updates did not do the trick...

Why could NB not tell us which agencies they are in possible financing deals with? that is not giving up national security secrets is it? hmmmm


NCT