Niocorp Developments Ltd (NB)

[monocle]

How much reading have you done about shelf offerings? Looks like this one will expire in November.

https://www.investopedia.com/terms/s/shelfoffering.asp

Here is quote from Mark about the shelf offering dated November 2021

while the shelf registration, he says, will open the door on the equity side, where he says the group is receiving 'tremendous interest' from institutions already.

It's conjecture on my part but I guesstimate that the company needs to raise 10 to 25 million dollars before they get a final decision from exim. At least a portion of that will almost certainly be an equity raise. There just isn't a good way to do that at these levels. At least when Kingdon took their small part of the shelf down there were no warrants attached and they didn't immediately look to unload their shares.