Niocorp Developments Ltd (NB)

[Rader1977]

Why is NioCorp share price down?

Because the entire mining sector is down.

This is not a Mark Smith problem. It's not GXII or Yorkville's fault. It's not because of short sellers or negative posts on message boards.

Let's take a look at established, bona-fide mining companies - with revenue and production in place:

MP Materials

Sitting at 52-week lows. Is this because of a SPAC deal? No.

Rio Tinto

Down, down, down. Dean Kehler's fault? No.

These are just two examples, and there are many more in this sector. Billion dollar market cap entities with millions of shares traded daily. They have lost hundreds of millions of dollars in value since NioCorp joined the NASDAQ.

For the sake of transparency, here's NioCorp's chart:

Look familiar? The difference is NioCorp is pre-revenue, which makes it even more sensitive to these market trends. This stock is still flying under the radar. We have only 437 members on this board, 972 on Stocktwits, 233 on Reddit and 4 on Mark Smith's OnlyFans.

There may be major news on the horizon (EXIM, Stellantis, FS, yadda yadda...) and if/when it comes, it will significantly impact price and trading volume. Until then, we will trade in-line with the industry. Not because of any secret back room nefarious deals, but because we are completely dependent on that news. Until then, we wait. It's pointless to blame anything else.