Replies to post #93974 on Niocorp Developments Ltd (NB)

[ColdDarkHole]

I believe the SPAC proceeds (or lack thereof) were a disappointment to say the least, but no management team would ever admit that. My big questions are: Will this be a full go and NB builds the mine? OR: Will this be a buyout eventually and someone big builds it?

The stuff has to come out of the ground eventually. We all will make money in a buyout but not like we thought. 5 bagger maybe from cost basis for really long term guys? 25 per share?

[PutzMueler]

Did You Vote Yes?

As far as I’m concerned we’re pretty much where we were before we took on the SPAC. No money c/w no dilution.
The exception is we are on the NASDAQ instead of the OTC

If Mark wants to hit a home run he needs to get a huge debt pkg with no dilution.
Offtake

[Advocate77]

The big failure of management is not so much the high redemption rate, which was not under their direct control, but the fact that they allowed the new board members from GXII to grab a huge amount of shares more or less for free, without contributing to the company‘s success in ANY meaningful way. You should have thought that a lawyer like Mark Smith and his legal team would have included an exit clause for the eventuality that the SPAC would not bring a minimum of cash to the table. The fact that they didn’t do that and enabled the SPAC guys to line their pockets at our (existing shareholders‘) expense, is scandalous and requires an explanation, imho.