Replies to post #99239 on Niocorp Developments Ltd (NB)

[walterc]

i would not call putting 8,5 million usd in the project a risk free transaction.

The next step will be tens of millions. to execute the warrants

Read what I wrote. in my previous mail to monocle. That is the correct and balanced analysis.

[scooter83]

Thank you Tedro84. As you know gxii shareholders could never lose. Deal or no deal they always had the option to redeem - get their investment back plus interest plus free warrants.

Gxii sponsors on the other hand had everything to lose if they couldn't find a merger candidate. Once they hooked Mark they were guaranteed to strip 20% plus equity from NB, and they low-balled us at .78 valuation, not giving any consideration for the Rare earths. NB Shareholders were blindsided to say the least.