Replies to post #88586 on Niocorp Developments Ltd (NB)

[Demolition Man]

C’mon NorCalTommy, you need to be more positive man! Manic mark and team are amazing! We should be thanking our Lucky stars they are on our team! I’m pro mark and Jim in first quarter 2023! You need to have more faith man. $10+ a share is coming to a mine near you!!
$NIOBF 2023 is our year!!

[scooter83]

I don't think construction will start anytime soon.

I expect 90% share redemptions. That will provide a gross of $30 million from the trust fund. Even worse Niocorp is required to pay $15 million in fees leaving a net of only $15 million.

This is based on 84% average redemption rate for de-SPAC transactions last year and 93% average for December. Spacs that merged in 2022 are down an average of 89% from their 10 dollar ipo.

Even worse we will have to issue 33,548,764 to the 10% that don't redeem and 48,645,707 to the founders. The founders could get an additional 35,226,202 earnout shares if price targets are met.

This is a piss poor financing package.