Niocorp Developments Ltd (NB)

[Dead On Arrival]

I was a proponent of the company and Mark for years. I advised many people to take a look at the stock and invest because of what I thought was a great risk/reward. June of 2020 was my first bit of concern as I believed a debt package was on the horizon. The only time you really had a chance to sell was the Fox interview and that lasted about 30 minutes. I sold about 40,000 shares on that move because you had a feeling it was a up and down move.

My reasons for unloading the position before the during the merger time was more who we were being aligned with and the r/s which almost never works out. I did not want to give back the money I had invested in from the 2011 range. I could have been dead wrong by selling. When Ms. Fenga quit the BOD, I knew something was not right. When LPC mentions that insiders from GX have gifted close to 3 million shares to get the deal done, that is a huge red flag. No one at Niocorp has ever been held accountable for letting this merger go through. Investors overseas and in the States can say they are happy where things are but you have to be a fool and also a liar to think that way. At the close of Friday the stock price is marked at .267 US. pre-split.

Plain and simple, Mark was hoodwinked by his debt partner and the merger and we were hoodwinked by him. The majority of my position was held over nine years without touching it. Loyalty only lasts so long.