Niocorp Developments Ltd (NB)

[Dead On Arrival]

Niocorp

Pros- 1)new personnel are have best interests in mind.Hagel(if confirmed),Lavon H.,Fulton,Smith. Hagel should support expansion in his home state.

2) little if any debt.

3)Niobium price is very volatile and thinly traded.


4)Nebraska should be mine friendly. Elk Creek area is very poor and could use a blast of economic expansion. Environmental groups said to be friendly with Niocorp.

Cons- 1)Rare Earth market in the gutter. Nio gets lumped into the group.

2)Smith left on uneasy terms with Molycorp and cloud hanging over the company. Should not be a problem with a new start but who knows.


3) Zero visibility in the stock market right now. Investors want to buy something that is ready to rock. or has steady returns. Nio should be dead money until we see a JV on paper. Simple as that.


Overall, the company will need money very soon and might have to go back into dilution. Smith announcement seems to have stopped the bleeding for now but we need his skills to attract a large player to get us going. I like what the company has done though and the CEO,BOD ,and IR should be commended for their efforts. They seem to be out there hustling.