Replies to post #111113 on Niocorp Developments Ltd (NB)

[monocle]

Here is a company that trades on the OTC that got a $600million letter of interest from EXIM last month. Another rare earths project currently trading at $.8

https://www.greencarcongress.com/2024/03/20240324-dubbo.html

Stellantis signed an offtake and invested in Alliance Nickel, a company that currently trades at 3 cents

https://www.stellantis.com/en/news/press-releases/2023/april/stellantis-signs-offtake-agreement-and-invests-in-alliance-nickel-for-battery-grade-nickel-and-cobalt-sulphate

Niocorp did not need the SPAC to uplist. They could have done the reverse split on their own.

Doubts about the economy led to redemption rates skyrocketing before any banks went under. In the months leading up to those failures there were at least two other mergers with redemption rates over 90%. For the year in 2022, the redemption rate was 81%. A poster on this board predicted a redemption rate of 95% for this merger before any banks failed. It was a heck of a risk Mark took that did not pan out. The timing of the bank failures offers a convenient excuse for the company's bad gamble and that is all imo.