Replies to post #70153 on Niocorp Developments Ltd (NB)

[GrowthMindset]

I personally don’t think this deal would have completed by management if they were not certain to be able to repay them in 4 months. Yes, this most likely would not be a good deal otherwise.

Was this the only deal they could get and that’s why they took it? Who knows?

Did they need the land purchase to move forward, 100%

All I know is eyes are on the company. Trading is higher. PPS has increased. Critical minerals are at an all time high in need by the USA and world. The prices are also increasing. The amount needed is also sky rocketing. Logic says a deal is indeed almost done and all of these reasons help support that.

I believe this is a project and company that will be looked at in forefront of the new revolution of the critical minerals in the United States. With ESG practices also playing a major role in the support of financiers, government, and other partners.

GM

[monocle]

Yes this can very dilutive, I absolutely agree and that is why this arrangement troubles me so much. I thought we were further along in the derisking process than this

I do recall the language about not shorting niocorp in the original agreement and I did notice it's absence in this latest agreement.

Thanks for the links. I still don't understand the motivation for the debt holder to short the stock. Seems awfully risky given how volatile penny stocks can be? What if Mark makes it on Fox news again? lol

[ge11]

OntInvestor how many shares are you going to try to buy tomorrow??

[monocle]

I emailed Jim and he said there is an agreement in the new Lind deal that they cannot short.