Niocorp Developments Ltd (NB)

[AlwaysOptimistic]

My guess, without proof, is that they had EXIM and Stellantis waiting in the wings prior to the merger but they couldn't move on those 2 deals sitting on the OTC and needed a SPAC to get them on NASDAQ or the NYSE to qualify NioCorp for EXIM financing. That merger with GX was likely a marriage of convenience and yes its been painful to the share price but that was the cost of putting the EXIM and Stellantis deals together and now we see the fruits of those efforts beginning to sprout. Would it have been helpful to the share price in addition to getting on NASDAQ that GX shareholders converted their share to NB? Absolutely. But then the 3rd worst banking crisis in US history erupted and the 2nd largest bank went under just days before GX shareholders could elect to convert their shares to NB. That is not mgts fault. That could have happened with any other SPAC. Bad and unfortunate timing but they still got to NASDAQ and have EXIM on the table. So they lost the battle but are gearing up to win the war. If you talk everyone out of holding their shares and then NioCorp secures EXIM financing, then the folks you introduced to NioCorp will be mad at you twice. Why don't you give EXIM financing a chance so at least investors can get their money back at a minimum and maybe even make a profit. Will it be the profit we expected when we were on the OTC? No. But its a whole let better than just walking away right now in my opinion. Are there risks still in this investment as we wait for EXIM? Yes. But an investor has to make a decision whether they are willing to take the risk, hold their shares and see the EXIM loan comes through or don't and just walk away or sell some or buy some more given the low share price. Everybody's financial decision is different and no size fits all. It's a personal decision but it doesn't have to be all or nothing either way but it may be for some. As GMAN wrote, don't invest what you cant afford to lose. That pretty much sizes the matter up and nobody can argue with that logic. Will NioCorp get the EXIM loan for certain? I have no idea. I am not party to the negotiations. But NioCorp pretty much knows which way the negotiations are going and I think we have a right to ask. These are my opinions, please do not invest based on my opinions. Do your own due diligence and make your own investment decisions.