what niocorp needs is cash. ground breaking is now pushed back another year at least and if the government loan falls through you are looking at never.
P.C. The fact that this fell Post SVBC and Signature takeovers and in a liquidity crisis did not help the situation.
I wonder if the Net proceeds would be $50-$60 million higher had the GXII meeting happened on March 5 instead of March 15. Uncertainty led to companies securing their cash reserves rather than taking on the risk of an undeveloped mining project.
Of course (as previously pointed out) the reason the redeeming companies approved the merger is because their real interest at this point is to prevent their warrants from expiring worthless, that and possibility of obtaining future shares cheaply at some future point in time. (And perhaps getting a quick buy and sell profit with little additional risk exposure.)
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