Niocorp Developments Ltd (NB)

[Dead On Arrival]

The damage is already done. If I were short this company from a year ago or less, I would be doing cartwheels. The company has to resort to crappy deals in or der to obtain funds to survive. Yorkville on the sell side is a short lovers dream. If this price heads under 2 bucks a share, the confidence level will be next to nothing. Heading back to a price unfathomable.

I remember first buying Quantum when the price was between 33 to 36 cents. There was absolutely nothing going on and Peter Dickie was the CEO. I believe an old woman and her daughter were the owners of the property. How nuts was I to be buying at that price. Fast orward close to 13 years later and the price is actually lower. Unbelievable.