Replies to post #21895 on Niocorp Developments Ltd (NB)

[Advocate77]

NioCorp Arranges a USD $2 Million Non-Revolving Credit Facility

According to its SEDAR filing of November 2016:

We expect that the Company will operate at a loss for the foreseeable future. The Company’s current planned operational needs are $6.7 million until June 30, 2017.

IMO, that means they will need to do an additional PP and are using the 2 million merely as a bridging tool.

BUT (and it's huge BUT) this loan from MS might enable them to postpone the PP until after the key results of the FS are released.

So hopefully a PP will be done at a much higher pps.