Niocorp Developments Ltd (NB): I’d be more concerned about the $1.4mm r...

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Re: monocle post# 111519

Monday, 04/29/2024 6:41:54 PM

Monday, April 29, 2024 6:41:54 PM

I’d be more concerned about the $1.4mm repayments starting in June to avoid defaulting on the recent $8mm loan to avoid defaut. They need the stock over $3.30 US with volume starting May 27 for 5 days or they have to cut a check. MS has got to be thinking/praying he has something big coming. Otherwise how would he enter into such a dangerous (defaulting would result into a really bad terms bid bashing deal), dilutive (the 600k+ wts), and expensive (a million in fees) deal. Well he’s done stupid before. Many times.

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