Niocorp Developments Ltd (NB)

[LCP77]

The bright side is for Yorkville and Lind. As the cost of loan was 13% for about 8 months $8mm less $6.95mm) they get an effective annual rate of about 18%. But wait. NB is supposed to pay back large amounts early. So the real interest rate is like 25%. If the equity option was used its an extra 20% and a ton of dilution. If the default happens it’s an extra 18%. It’s about 45% interest on that loan. Loan shark terms. They are that weak. Plus they had to give up 600k+ warrants at $3.25. Mr. Brightside is Mr. Yorkville and Mr. Lind. Managment too because they continue getting fat checks (cheques). And the losers are shareholders.