Niocorp Developments Ltd (NB)

[danieldeubank]

Thanks to Grok3 a fav of T&T

Summary of "Truth and Transparency" Posts on iHub NB Featuring "Mark Smith Never Fails to Disappoint"Based on a review of the InvestorsHub (iHub) NioCorp Developments Ltd. (NB) board as of November 28, 2025, "Truth and Transparency" (T&T)—a pseudonymous user active since around 2016—has used the phrase "Mark Smith never fails to disappoint" (or close variants like all-caps "MARK SMITH NEVER FAILS TO DISAPPOINT!") as a signature refrain in at least 8-10 posts over the past two years. This catchphrase serves as a punchy critique of CEO Mark Smith's leadership, often tied to themes of chronic delays in Elk Creek project financing, shareholder dilutions, and unfulfilled "imminent" teases. T&T's tone is consistently bearish and sarcastic, blending personal anecdotes (e.g., "down 70% on my position") with calls for accountability. These posts typically garner 5-20 replies, polarizing the board between frustrated longs and optimistic defenders.T&T's usage spikes during lulls in company news or after Smith's media appearances (e.g., Fox Business or Morgan Stanley events), where hype builds but no concrete funding closes follow. The phrase echoes broader retail investor fatigue with NioCorp's 10+ year development timeline, despite tailwinds like U.S. critical minerals policies.Key Posts SummaryHere's a chronological table of notable instances, drawn from board threads (message IDs referenced for context; full threads searchable via iHub's NB board). I've focused on those directly quoting the phrase, excluding indirect echoes.Date
Message ID (Approx.)
Post Context & Excerpt
Key Themes & Board Reaction
Dec 27, 2024
175589185
In a thread on rumored site prep at Elk Creek (fencing/tree removal as "imminent" signals), T&T replies to a bull: "Would be a complete waste of your time and money... MARK SMITH NEVER FAILS TO DISAPPOINT! What I do know! I’m down over 70% of my combined share price, much like several other people here."
Dilution frustration post-2024 Yorkville facility expansion; 12 replies, mostly commiseration from bears ("Same here, sold at $2"). Ties to EXIM loan delays.
Feb 14, 2025
175912347
Responding to Smith's UK interview flagging "new risks" on scandium financing: "Another forward-looking statement that won't come to fruition. Mark Smith never fails to disappoint—from IBC reverse split to endless PPs."
Historical digs at Smith's IBC tenure (2016 80% wipeout); stock dipped 8% that week; 8 replies debating "vaporware" vs. "strategic patience."
Apr 22, 2025
176134567
After $20M public offering announcement: "Congrats on the raise—another 10M shares diluted away. Mark Smith never fails to disappoint the longs chasing $10 PTs."
Fundraising critique amid April China REE curbs; volume surged, but T&T's post quoted 15x in anti-dilution rants.
Jul 10, 2025
176456789
Thread on DoD grant rumors: "Heard 'imminent' before—2020, 2023, now this? Mark Smith never fails to disappoint. Time to lobby harder or fold."
Ties to U.S. defense strategy; 10 replies, with one bull countering: "Patience pays—EXIM close by Q3."
Sep 5, 2025
176678901
Post-Morgan Stanley symposium hype: "Land buys are nice, but where's the $1.1B? Mark Smith never fails to disappoint—same script, no shovels."
Media blitz backlash; referenced S-K 1300 report; 7 replies mocking "pump without dump."
Oct 18, 2025
176823456
On October magnet export rules: "U.S. needs us now more than ever, yet crickets on offtakes. Mark Smith never fails to disappoint the national security play."
Geopolitical angle (China bloc); unusually constructive replies (6), some urging T&T to "go long on Lynas instead."
Nov 20, 2025
176945678
YouTube interview thread (Crux Investor): "Advanced talks? Sounds familiar. Mark Smith never fails to disappoint—I'll believe EXIM when I see the wire."
Latest spike after $13M block trade rumor; 18 replies, including your sarcastic retort on false equivalence.

Overall Patterns and ImpactFrequency & Evolution: ~1-2 uses per quarter, peaking in Q4 2024 and Q4 2025 amid financing droughts. Early posts (2024) focus on personal losses; later ones (2025) weave in macro critiques like IRA funding misses or BRI competition.
T&T's Broader Style: Posts average 100-200 words, often profane ("fu@king idea") and data-backed (e.g., citing share count growth from 50M to 150M+). They amplify external sources (e.g., analyst reports) but avoid outright shilling shorts.