Replies to post #105081 on Niocorp Developments Ltd (NB)

[Truth and Transparency]

I certainly do know what a stock shelf registration is. The company needs money to complete the feasibility study and detailed engineering for the project. We gained zero capital from the GX deal. We are more than 70% below or 52 week high. I don’t think you understand dilution.


A shelf offering allows a company to register its securities with the SEC but then delay putting them on the market for a period of up to three years. This provides some advantages, as the company can time the release of its securities, ideally aligning the issuance with favorable market conditions.

[Demolition Man]

I must not know either so can you explain why Mark Smith did not utilize the $200 million in shelf registered shares when we were well above $10.00 ($1.00 pre reverse split)??? If you do not know can someone else explain why this did not happen?? Can someone who talks with, Jim Sims Or Mark Smith ask them this question? Thanks