Replies to post #57793 on Niocorp Developments Ltd (NB)

[monocle]

There was an 8k filed on 8/16/19 indicating that niocorp had drawn $125k from a line of credit established by Mark Smith years ago. The most recent 10Q indicates that line of credit was used further,

Sept. 25, 2019: $90K
Oct. 8, 2019: $115K
Oct. 24, 2019: $125K

It seems that our burn rate is much lower than in the past. I don't recall exactly how much was left on that line when they began using it, but I believe it could last a few more months at the pace suggested by recent filings.

[NEgoodlife]

Not if it's a draw on the existing loan facility with no change to the credit limit. That would only need disclosure in the quarterly financials. If it's a new loan, or expanded credit limit to the existing loan facility, then yes, I agree.