Niocorp Developments Ltd (NB)

[NavyHusker]

It is a recurring theme though. There is always something else to move the goalposts.

I was frustrated but patient years 1-9 when we were constantly hovering between about $0.50-$0.80 because I was generally about even and usually slightly positive gains. Now I'm just mad.

Since the October 2022 announcement of the SPAC deal everything has gone to hell in a hurry. We have no revenue and almost no cash on hand. We have lost hundreds of millions in market capitalization and share price hovers just above multi-decade lows. We can't really even raise capital on NASDAQ because that would just dilute us even more We seem to be paying a lot of fees for studies and crappy financing deals. Mark made sure he got his money out plus his interest.

All this happened while salaries, bonuses (Mark got a $100k bonus in 2023 while the stock crashed 80%?), and equity compensation went up significantly, even for the part timers. Now we are told that we need to wait another year after what was effectively a commercial for what should be a vendor to our operations. Nice job management.