Replies to post #89009 on Niocorp Developments Ltd (NB)

[Richard Thomas]

Great job ski, thank you for your hard work.

[th6565]

This post of yours is the evidence I said before that this is a superb message board. The key of solving confusion lie in Options.

Options holders need to pay for and exercise the options they hold.

Relax everybody!

[SkiFunds]

Just to clarify, the point of my post regarding the Billion Shares was to show that a company is required to disclose what could potentially happen. I do not believe that all of the shares, options, warrants, and other instruments will be converted. Some of them may be out of the money before they expire, and the Yorkville instruments (81.7 million shares) are only if needed and at the company’s option.

I do believe that there will a high participation of GXII shareholders, and that the GXIIW warrant holders ($180 million strike price proceeds) will exercise, but that doesn’t have to happen for up to 5 years.

My point is that the potential Billion Shares does not just mean dilution, it is a possibly and a trade off for cash as well.

My guess (WAG) would be that they raise $250-300 mil at the close, and another $50-100 mil when it lists. And then debt will cover the rest.

[Prudent Capitalist]

Thanks ski! Factual analysis and information are always the best medicine and prescription for dealing with misinformation and misleading information. Just because the share count could get there does not mean it will. Bottom line: once the mine is built and up and running with full production the debt gets paid off fast and there will more than enough $$$$$ to go around. I am still a strong Yes vote, and remain long and strong, looking forward to the NASDAQ uplisting and construction and sinking of the mine shafts in Q2 of this year.