Niocorp Developments Ltd (NB)

[Rader1977]

This post is about IBC Advanced Alloys, but it has relevance to NioCorp, because the companies share leadership and this speaks directly to Mark Smith's abilities as a CEO:

Article from June 5th
IBC Advanced Alloys Secures Temporary 90-Day Waivers for Payment of Final Principal on its 8.25% and 9.5% Debentures Due June 6, 2023

The Debentures have a maturity date of June 6, 2023, at which time approximately US$136,000 in principal on the 9.5% Debentures and US$2,591,000 in principal on the 8.25% Debentures was due to be paid. The new due date for the principal payments of both Debentures is September 4, 2023.

Sep. 4th is in one week. Will IBC default on this loan? If so, it does not reflect well on Mark Smith and Co.

(Hyperlinks support each statement)
They owe roughly $2,727,000 in a week. Now, IBC leadership has already accepted company stock in lieu of paid salaries - that's a positive.

IBC just won $3.1 Million in New Orders from a major aerospace Defense Contractor - that's a big positive.

$3,100,000 - $2,727,000 +$0 in executive salaries = The company remains solvent?

Many NioCorp shareholders also hold shares in IBC, myself included. We're hungry for news. I don't know when we'll hear an update about EXIM or the Feasibility Study, but I do know in less than a week we'll have definitive, material news about the financial well-being of one of Mark Smith's companies, and indirectly that news affects the outlook of all of them.