Sweet Jesus... It just means Yorkville is finally done porking us for shares to pay for the money they gave us in that deal. The very nature of that puts us in a better financial position. That would be true of any person or organization that closes off convertible debt that is putting selling pressure on their share price. Please believe whatever rosy story you want. You must be behind the bush also. You MIGHT be right. In fact, I HOPE so. There has to be something eventually or the alternative is not good.
This debt was extinguished with shares issued not money and therefore has absolutely no bearing on niocorp's finances. According to the original agreement this needed to be done by September. In exchange for the 16 million dollars in March of 2023 Yorkville got shares at a 10% discount from time to time to sell. Hence the plummeting share price.
Don't kid yourself, Niocorp is already in a VERY tight financial position and has been since the merger failed. They have virtually nothing in the bank and need quite a bit in the short-term to satisfy EXIMs due diligence needs and pay for a new feasibility study. They've been trying for 16 months now and have come up empty.
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