Replies to post #74645 on Niocorp Developments Ltd (NB)

[Elkconquistador]

Thank you for sharing Walter. It is reassuring to hear from Jim on the project. I think the statement "it is not an accurate description of where we are and how this process proceeds" speaks volumes to the work that the team is doing and the progress they have made.

[Hetfield]

Thank you, Walter! eom

[AlwaysOptimistic]

walter, I trusted management on face value of what was shared in the article. That may be a measure of having met mgt multiple times at town hall meetings and share holder meetings and know how hard they've all been working for years to get this mine built. For those more skeptical, I thank you for sharing what Jim had to say on the subject and hope that his response leaves less ambiguity in those investors minds and that we might all unanimously move on and celebrate the prospect of being so much closer to starting construction than what we formerly knew.

[SpecialK2020]

Walter-thank you for sharing the excellent, and fairly reassuring response from Jim. It certainly helped to clarify.

[chico237]

Thanks Walter! Appreciated Jim's response & others from the board on that matter. My concern was more in line with all the recent references to Scandium pricing , REE's, & the methods of how they will be quantified as a resource moving forward.
Seeing/hearing the recent comments & the mining article left me with "mixed messages" with my interpretation on those topics. The REE's will be a wonderful addition!, no doubt in my mind there. However... it does sound to me like they are being added to quell pricing concerns & may be a condition of finance as well as being able to add significant Value to the project overall.
Niocorp may not be able to comment "until they can" on that via material news. My final thinking on the subject- It's a "moot" point once finance is established in the long run.
Scott was "Hopeful" by years end.... & so am I!


Reserving the right to vent & CHEER once & a while on this board!
"In my front row seat...with so many"...
Appreciate the back & forth always!

IMHO
Chico

[stark12]

Very helpful...thank you!

[LysanderUS]

Thanks for posting walter. Clarifies where they are in the process.

A lot of big players could throw $25M at this without batting an eye. Pocket change for Buffet, Gates, etc. Let's hope they can convince someone/group "yesterday" to make this investment. Still a long way to go after that.

Still, it took an investor from here to pry out something that should have been communicated to the retailers without prodding. A PR may have actually kept the pps over a buck USD. And don't everyone say what a great opportunity to buy the dip!!.... there's been years of opportunity to buy under a buck. Folks want this to start going north, and stay there.

[Dutch123]

No, Sikes’ answers are not satisfying! Why are you all so submissive to Walterc? Wake up!

My take on this: discussions have been going on for over 2 years, without any results. He talks about what Niocorp wants, about the mechanisms behind CAPEX financing, but not why those seemingly interested investors won’t step up to the plate? Wouldn’t you want to know the answer to that question? I guess, you all probably already know the answer!

https://seekingalpha.com/article/4451466-niocorp-i-am-bearish

Sikes concludes with some bla bla about how they’re constrained by the securities counsel. I feel so sorry for them. But in fact, there’s not much to tell here. Other than they are desperately trying to flog a dead horse. Don’t think those potential investors able to fund the US 1.2B CAPEX won’t do their DD.

Walterc, this was a missed opportunity. Next time you should ask some tough questions instead!!! But maybe the answers you’ll get are not what you’re looking for …

[Advocate77]

More fluff, as could be expected.

[Advocate77]

To affirm my statements in my previous post that this deal is desperate and openly contradicts what we have been told by management before, here is what Jim Sims replied to WalterC in March 2021. This clearly shows that equity financing in tranches is what management was looking for, but clearly failed to deliver.

Jim‘s words:

Our goal is to secure an “anchor” investor, or a group of investors, on the debt side, and an “anchor” investor, or a group of investors, on the equity side. This is how many projects of this size get financed. As you would expect, the investing goals are different between debt and equity investors. The first step in the ‘dance’ that occurs between debt and equity is to identify a relatively high-profile investment group to make a relatively small equity investment on the front end (in our case, something between USD20 – USD25M). That would signal to all of the other players that a major investment group has taken a significant early stake in the Company, which encourages others to move forward and helps us to (hopefully) secure definitive financing agreements on both sides of the debt/equity fence.