Replies to post #87801 on Niocorp Developments Ltd (NB)

[Prudent Capitalist]

Putz: With all due respect, the results of the REE analysis and demo plant testing will most certainly be out before shareholders of each entity will be voting on Niocorp's acquisition of GXII. And, no one will be losing 90% of their holdings. Everyone will still hold the same ownership stake and percentage interest as prior to the RS.

that losing 90% of my holdings is a good thing before REE results

[MaxzMillionz]

Let’s try this again:

I assume your are referring to the post where you stated


“I personally find that a pretty hard pill to swallow, even though the value is the same. There’s just too much interference on the other side.
(Selling pressure and Exercising Warrants, $18 call, and institutions god bless them)”

I don’t interpret that as concerns about the potential of a $1 stock vs a $10 stock. I don’t want to put words in your mouth, but I read that comment as concerns about the process of converting the GXII Warrants and the involvement of institutional investors.

I see institutional investors as a necessary piece of the puzzle, and their involvement is better sooner than later. I don’t doubt that once NioCorp has secured funding and construction starts in earnest, there will be some games by institutions to shake shares from weak retail hands, but that will happen with or without the merger, and it will be far less detrimental if the company starts with around 50% institutional investors. It sounds like our Lightwave investors can add some detail here.

As far as the warrants, there may be some temporary volatility as people convert. That volatility can be minimized or even avoided if the company offers a cashless conversion. That’s one of the reasons that I am hopeful the company will be flush with cash and can offer that option when the time comes.

I don’t believe we have been lied to, If I did I would have started to unwind this investment as soon as I became suspicious. I firmly believe things have just not worked out as suspected, and Mark has needed to pivot, probably multiple times. That’s what good leaders do.