The answer lies somewhere in the middle. While the management team has done a fabulous job with de-risking the project, timelines have not been met and retail investors have taken a hit. The only firms that have been involved with the company have not supported the stock and one is just using the company as a bank. That was the only place Mark could go to raise small funding to carry Niocorp to this point in time.
If you think of the big picture, then the PPS should not worry you. For others that are here to make money in a timely fashion, then you have been run over and will look to get out even when the PPS turns around.
I have met Mark in person years back and came away totally impressed with his character. That is all I wanted to see in our meeting. He came across as ambitious and totally driven to succeed in this venture. His passion for the mining industry was very evident. Peter Dickie was also present and he was a super guy as well. I have no regrets with investing in this company and hope to shake Mark,Jim,and Scott's hand at the mine opening in the next few years.
As far as the element that continually bemoans the management, I could give a hoot. They might turn out to be right but they are bad guys. I could name 6 off the top of my head but why give them the attention they crave. Put them on ignore and the stress level is reduced. You invest at your own risk and have no one to blame on the decision. You should have seen my environment in the 80's and 90's on the floor of the exchange. Take no prisoners and man up.
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