Replies to post #11238 on Niocorp Developments Ltd (NB)

[conix]

IMO, there were a lot of traders in NIOBF when the TSX listing happened. They expected the PEA right after the listing, but they began to sell when it was delayed.

That selling started more selling by the short term traders. And did not encourage potential new investors that really were interested in the long term.

Now the chart is not attractive. So, "why buy now?' say the traders and the long term interested investors.

Until the company comes out with some big news that get the traders back in, I think shareholders are going to have to be patient.

I, for one, will wait for news.

[UnlimitedPower]

I thought the PEA was done to allow Mark and the team the ability to talk actual numbers about Elk Creek deposits. Without it they would have to wait until the BFS which wouldn't be ready until the end of the year. If this is correct then Mark may have wanted to set up meetings with institutional investors that were interested now versus later. By doing the PEA he could have meetings and secure whatever financing the mine would need so construction could start in 2016. If he waited until the BFS then the construction may have been delayed until 2017 instead of next year. Also, we may not hear anything major because Mark is working on what's really important which is having conversations with deep pockets and running the business. We will not know the answer until important announcements are made. Those are all my opinions... not sure if they are correct but the no news is not bothering me in the least.... for now.