I don’t want to speak for CDH, but what I think he might be saying is what we current shareholders are losing the (wealthiest)institutions are gaining.
I suppose the wealthiest lost so much money at MolyCorp that he is making it up to them with NioCorp
Im not saying everyone is in for arbitrage but i swear the foxes with the keys to rhe henhouse bake this stuff in to every financial vehicle to give themselves a profitable backdoor out.