Replies to post #107540 on Niocorp Developments Ltd (NB)

[ge11]

Thanks for sharing Walter!

[poorchris]

Thx Walter.

[ge11]

Walter-who would this entity be?

Kelly: You had talked about a couple of investors that were very close (to reaching a deal in the past few years). What happened? Why didn't they decide to move forward?

Smith: They didn't ‘not decide’ to move forward. Let me make that very clear. And with one of them in particular, we're still talking to (them). They had to go through a process of taking some very eclectic assets, turning those into collateral, and then creating a private equity fund, basically. They are still going through the process of setting that up. It's a highly, highly regulated area. They have been working very hard to make this happen. They have probably spent over $100 million to get where they are today and they're not quite there yet. But we stay in touch with that entity.

[jeunke22]

Thanks Walter. ‘That is as good as it gets.’ Honest , straightforward interview. Building and running a company (like Niocorp) is pretty cumbersome and complex undertaking, whereas buying a share in a company is a pretty simple transaction which comes with very little responsibility . In fact it’s a privilege to make money without big risk or responsibility. You can sell your share any time. You can’t run away from your responsibilities as a CEO ( if you are wired correctly). I think Mark and his team are.

[User-462888]

Thanks for sharing that, Walter. Mark sounds a bit fatalistic to me, not the tone of a CEO with a clear path to success in his head.

[LCP77]