Niocorp Developments Ltd (NB)

[Rader1977]

I find it incredibly telling that Mark Smith is not a part of this new UK venture (but COO Scott Honan is).

Mark Smith was also replaced by Scott Honan at the last minute to present at the REE Conference, demoted to speaking at the smaller Scandium Symposium the day before.

Mark's usurious loan was fully paid off in June, removing any leverage he had against NioCorp.

Are we seeing the beginning of a change in leadership at NioCorp? Is Scott being primed to take over as CEO? He's young, he has technical expertise, he's camera ready, and he just may be the new face of this enterprise.

Mark is great, but he's old and far from charismatic in tv interviews.

I predict Mark Smith will soon step down as CEO and Scott Honan will be nominated as interim CEO. This will coincide with announcements of new outside capital investments, whether from the U.S. government or 3rd party private firms. (Mark will retain his BOD seat and keep his shares - he'll be ok).

And I think it will be a good thing.