Niocorp Developments Ltd (NB)

[Dead On Arrival]

You hit the nail on the head with this post. The stock dropped I believe close to 35% while they were doing the obligatory clap(some went a little overboard) in the first 20 minutes of trading. That is when I knew for sure there was going to be a reckoning for shareholders and it was not going to be pretty. I felt bad for Mark as I know he worked his tail off to look for financing. Then I saw a large person with horns sticking out of his head and realized someone sold their soul to the devil to get this merger through.

Retail shareholders are one or two crappy deals away from being wiped out on their positions.Niocorp is not in a position of strength at the moment and any deals at these price levels are going to be hard to swallow. Have no idea what JPM brings to the table but if it is anything close to what Morgan Stanley did, not a good scenario.