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NorCalTommy

10/27/22 10:01 PM

#85674 RE: Elkconquistador #85662

Thanks Elkconquistador- Contrary to those yelling loudly and trying to intimidate and monopolize the MB- while shaming others by suggesting that there are only a few disgruntled shareholders just making noise and lamenting this latest financing package,

I believe that there are many long & new shareholders that were very excited about the possibilities of a favorable financing, with a reasonable level of dilution (of course dilution is a fact of life) package, and had realistic expectations, including factoring in reasonable risk associated with a junior mine, and the corresponding risk mitigation that mgmt. has admirably accomplished thru addition of REE's to the mix (albeith very late in the game, but that is another story......).

It is quite rich to hear the loud authorative voice(s) on the board patronizing, condescending and marginilizing other MB members- telling them they don't have the 'capacity' and intelligence to understand this great financing package, while attempting to bully members for voicing their opinions, ex..saying shareholders had unrealistic expectations all along and the expectations need to be reset; and the unwashed masses that have reservations about various elements of the highly dilutive financing pkg. are just not bright enough to realize just how awesome this package actually is- and thus these malcontents need to have things spelled out very slowly...... This fin pkg is GOOOOOD.... It is not BAAAAAAAD...... DUHHHHHHHHH ..... Follow the bouncing ball......

Isn't it enjoyable to not only have our share counts decreased by 90% with the pending merger + RS, (with the prospect of virtually freezing the share price for 5 months- before the merger!!) but also to be browbeaten by folks that know much better than the rest of us.....It's just the heavy-handed, non-diplomatic approach to controlling the narrative that is getting tiresome........

I'll say it yet again..... You would think that those admonishing LOUD voices would also remember when they were a BIG part of the chorus every day on the MB along with many shareholders counting down the days before 'The BIG F, and saying any day now, because management had already generated 4 FStudies, and management was acknowleding that things were close (3+ years ago), and we were just waiting on Demo testing for the REE report card, and we had multiple interested parties reaching out to us regarding financing........ A B C D, heck maybe even E F and G....

AND THEN out of the blue SUPRISE!!!!.......AND QUITE SHOCKINGLY TO EVERYONE PAYING CLOSE ATTENTION....... Management announces a financing package BEFORE the Demo testing had completed and announced results!!! HUH?????

This, After we had been told that the results of the DEMO TESTING (with special emphasis on the REE quantification/monetization) would be critical in procuring favorable financing... because, after all, no need to remind everyone, we spun our wheels for 3 years attempting to procure financing, over 3 FS's , but the economics of our base critical mineral package of Scandium, Niobium & Titanium were just not enough to get over the hump in convincing the banks to finance the project...... Do we NOT think that favorable Demo results (REE economics) would have certainly positioned us much better to close a more reasonable dilution level financing package??? of course it would.....

Anyway here we are.... and people are tired of being told that they are not sharp enough to understand how GOOOOOD they actually have it, If only we were smart enough to understand this latest package is not BAAAAAD and everyone just needs to recalibrate all of your expectations (or buy a boatload of GXII hedge warrants) or just Sell your shares and MOVE ON or JUST GET OVER IT!!!!


NCT