Replies to post #99257 on Niocorp Developments Ltd (NB)

[LCP77]

It’s risk free if you just collected a $20mm spac fee. And maybe math is different in your neck of the woods it’s usually x.5 mm shares or dollars. Not x,5 mm shares or dollars. Actually if math was different that would explain a lot.

[ALDRADJKD123]

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

No, but you claimed to have left millions sit on the table.

I seriously think you’re working for Nioturd “under the table.”

[tedro84]

They invested that $8.5MM in GXII warrants long before they were in discussions with NioCorp. Why do you keep conflating this with an investment in Niocorp?

If you’d like to look at it from that standpoint, would you mind putting together a consolidated transaction report showing the dollars GXII sponsors have invested in Niocorp by way of the agreement and everything they have received in return?

I’ll even give you the benefit of the doubt and just ignore the $20MM spac fee since we don’t know exactly how much of that went back to the sponsors.

I’ll give you a head start: the 4.65 million shares they will have next March covers more than the initial investment in GXII, assuming at least the stock doesn’t drop much below $2 by then, but I doubt that will happen.

Did you bother to ask yourself why every other GXII investor redeemed their shares except for the sponsors? Does anyone really think the sponsors stuck around because they believed in the project and not because they were taking advantage of a one sided deal from a purely financial standpoint?

Risk free for the counterparty, just like every other deal except for the sucker one Nordmin agreed with to advance ground freezing engineering. They won’t touch this with a ten foot ground rod now, but of course they ended up ok in the end and left shareholders holding that small bag too.

MS isn’t a world class negotiator. He’s a literal mark for the big boys and a grifter to the rest.