those companies are down because of the markets. $Nb is down because of mismanagement/negligence.
I did my best to show how NioCorp's share price is a victim of the market and not anyone in management's fault. I provided comparison charts to show we are trading in-line with the industry.
Outside the share price (which is victim of the mining sector sell-off this quarter), Mark Smith deserves a raise. He not only brought NioCorp to the NASDAQ (from the abysmal TSX), he merged with a SPAC which now makes NioCorp an American company, eligible for EXIM and DoD financing.
For only $15 million, he convinced Dean Kehler, aka Mr. Wonderful, to become the single largest new individual shareholder of this company. I'm sure you're familiar with Mr. Kehler's track record of turning El Pollo Loco, a hole-in-the-wall chicken shack, into a billion dollar enterprise. $15 million was a steal to get Mr. Wonderful onto our BOD.
Is he a shark? You bet. But he's our shark now.
The NASDAQ transition and GXII merger were less than six months ago. The EXIM application was last quarter. Mark Smith and the C-Suite were just in D.C., negotiating government financing. These are new developments, and they'll take time to bear fruit. Speaking about NioCorp's situation 9 years ago, 5 years ago or even 2 years ago is inconsequential to what has transpired in 2023 - which is significant.
This is a long-term investment. Either you think the mine has potential or you don't. Personally and financially - I do.
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