Niocorp Developments Ltd (NB)

[AlwaysOptimistic]

Stark, I never took a position on mgts explanation. I inherently concluded before mgt ever broached the subject that GX shareholders redeemed because of the SVB failure. I believe I posted my sentiments very close to the event. If you had been through 2009-2012 recession, worst recession since the Depression in the 2930’s, as I had and maybe you as well, the news at the time felt very similar and I was concerned we were on the cusp of a repeat. After SVB, First Republic Bsnk collapsed. Both banks catered to very high net worth clientele. In any event, without getting specific data, we can conclude what happened based on factors present at the time. With the collapse of the largest bank by assets since the Geeat Recession and the U.S.’s 2nd largest bank by assets collapse since the Great Depression. I’m remain convinced the banking crisis in March 2023 changed the minds of the majority of GX shareholders to convert their GX shares to NioCorp shares. My opinion is independent of whatever NioCirp has to say about it.