They have zero credibility now.
Ever since they have been doing this target price for NioCorp they have never reached that target. But it was a good way to keep investors drooling as we waited for the final goal post to be achieved. (never happened)
Now they lower the boom, dropping the target price by 1/3
=$.85 pre-split
We were above that price on our way to several weeks commercial scale plant results, Before the SPAC was even announced.
I hope history doesn’t repeat itself again, and we don’t meet that target price either.
I wonder why this would be put out the day before expectations of grandeur by investors Or do they just pick a date out of a hat and it’s just coincidence it’s the day before?
Is there anyone with relevance that can answer that question?