Replies to post #87760 on Niocorp Developments Ltd (NB)

[PutzMueler]

Thank you for the DD

https://m.marketscreener.com/quote/stock/IBC-ADVANCED-ALLOYS-CORP-12111550/news/REVERSE-SPLIT-1-of-10-22436657/


Needs a 10 year chart
https://money.tmx.com/en/advanced-chart/IB

[SkiFunds]

If I worried about stock splits I wouldn’t be in most of the profitable investments that I own like Apple, Amazon, …

I also own IBC and understand that if it wasn’t for Mark, that company would not exist anymore. They are only still operating because of his leadership and the actions that he and has taken. Yes the stock is down, but I still think that they have a bright future when they work through their issues.

Also it hard to compare a turnaround to NioCorp. The team is doing a great job of finally getting this mine built.

[MaxzMillionz]

Mark was first elected to the board in 2015 and then Chairman in 2017 before taking over as CEO in 2020. Stating he engineered a reverse split in 2016 is likely an overstatement. Even so I see zero evidence the reverse split has anything to do with the steady share price decline. Most likely the fact they failed to become a consistently profitable company has everything to do with the declining share price. Mark has been working to turn the company around since he took it over in 2020. Mark has been restructuring the company and making progress the last two years. The last report out was a bit of a setback, however there are still some promising indicators.

I am excited to see what transpires next year with NioCorp. I am admittedly less excited about IBC in the short term, but hope to at least see them swing to profitability next year.