Too much risk. As much as people tout that its all the way de-risked we see that its not since we keep having to throw noodles at the wall to see what sticks. He buys things that are well established. He could finance the entire thing with less than 1% of his cash reserves amazingly but we won't see a dime of that.
Excellent point Tommy! IMO, if Mark smith and Jim sims were immediately fired most here believe Warren would invest in NioCorp. Warren hates when CEO’s and management make over inflated and extremely undeserved salaries for sucking horribly at what they do. it’s literally Warren Buffett 101. He believes in results and when he looks at what might be the worst management crew in the mining sector today he’s gonna do a hard pass on NioCorp. Btw,I hope I’m wrong but did Mark Smith and team get raises again?? If so, again this is why Warren would never invest in a company like NioCorp. Warren believes you get paid on results and work “Full” time not this part time bullshit.