NioCorp Developments Ltd (NB) News

Thank you for posting here without being offensive or too emotional.

I think from your post history - as far as I can judge - we share a similar sentiment.

I am still optimistic about this project even though I think of all things that management could control, their communication is the worst.
I was enthusiastic when they raised their expectations about the timeline of this project at several points in time. Now, I settled with the opinion, that this project will happen when it happens.
I consider news only as good news, if they are truly substantial and create progress in the real world and not on paper.
You said somehting similar, in the sense "Success is measured by results". This resonated with me :)

However, I occassionally think about Spunkmeyer who left at a time when I thought this project is going to happen soon. I thought his timing was bad. History taught me a different lesson. However, a major aspect about being invested in this stock is why you invest in general. Does one hope to become rich quickly, does one want to save up for retirement, is one investing for kids/grandchildren?
I am still young and that's why I am relaxed. I am not depending on this project to succeed to fullfil my wishes but life will improve if it does.

What convinces me and what makes me optimistic about the future of NioCorp is that I believe about this project and the timing of this project. Even though it has been "delayed" by several years :D
In my personal live and professional live - around me - there are a lot of projects that show a similar pattern. This is why I am not surprised to see NioCorp progress similar and I kind of see this as natural under the current circumstances. Of course there are projects that went through more successfully but there are also worse. A gaussian curve after all. I think we are around average

Since you are suggesting that I expect you to do my DD, I think I have to answer again. Your suggestion is simply wrong! I only expected you to justify your claim that the funding will come in 2024. You are obviously not capable of doing that!
And now I have wasted a lot of time with you unnecessarily.

It isn't just drilling exim needs, Mark says

"I don't get the impression from XM that they expect a feasibility study to be done what they need are those two technical points which is the feasibility study level engineering for the new process flow and the additional resource work that takes us to proven from probable reserves."

Before the big is coming we might see a smaller for the open engineering costs 20 mio around....

If we would receive this everybody ices are on the 800 coming in......

that is already better
but do not expect me to do your dd.
You would not believe me anyway.

But If you start a question with a wrong statement I do not waste my time on a Sunday reading any further

The following is Mark verbatim from the Q&A

"I don't get the impression from XM that they expect a feasibility study to be done what they need are those two technical points which is the feasibility study level engineering for the new process flow and the additional resource work that takes us to proven from probable reserves."

Scott went on to say that the above plus railveyor info would take 9 months. I would assume that railveyor is part of the new process flow?

The drilling alone is expected to take 3 months plus analysis and time for exim review, but that clock doesn't start ticking until they have money.

The Edison report expects a decision "early 2025".

The big loan is not happening this year. Why do you have me on ignore? I've not disrespected you in any way.

Key points: "Drilling 3 month's ...update FS... It's a 9 month process..."
My main question was why you are so confident.
No matter what I write, it is clear that you do not want to answer questions honestly. I expected that.
eom

You make some very valid points with this post and a moderator should make this a sticky note!

Sadly, Walter has been boastful about financing occurring every year since 2019. I don’t think anyone can afford to trust anything he says anymore. To his credit, he trusted Mark Smith, as we all have. However, I don’t understand his continued support for Mark Smith.

My support and trust in Mark Smith evaporated after the deal with GXII and the awful terms of the merger have come to light. I don’t understand how Walter, being a self proclaimed financial advisor, can continue to support Mark Smith considering what has transpired with the merger.

your. first sentence is incorrrect. Please listen again and correct yourself.

The q& a was in English was it not?

Dear Walter,

Scott has explained that EXIM is demanding further drilling and that this will take around 9 months, although it is not even clear where the money will come from to ensure this and the completion of the FS. It should also be clear to everyone that a report commissioned by Niocorp and paid for at £60,000 per year is not something to place too much hope or trust in. There is a reason why there are disclaimers.
We have also heard nothing more about Stellantis, which suggests that the talks that were once so boastfully touted have been fruitless.
I would therefore like to politely ask you where you get the confidence that the financing will be secured in 2024?
Thanks in advance.

Best regards.
gwm

“ This company is working to a goal which will benefit all of the longs if you have the stamina to stay in it. The Edison report is a very conservative prediction of where we are heading.” Walter,. I believe this to be true because the Edison Group analysis is based upon the 2022 FS. When the current FS that is a Work in Progress (WIP) is released even this optimistic analysis will be eclipsed!

I was told that COVID would have no effect on getting financing. Even it that proved not to be true, the world has to keep running and the COVID excuse died around 3 years ago. Nio is resorting to using a government entity which they never wanted to get involved with. Not sure how hands on EX-IM is with a project

Thanks for posting the Edison Report link.

Very good questions

They made it clear that EXIM will NOT be making a decision this year. I predict small dollar big dilution this week.

I'm sure Mark exudes confidence, makes good eye contact, and has a firm handshake when you meet him in person. Look at his track record though, it is not a successful one. For all his bragging over the last decade about the interest in this project who has he successfully sold it to? Only retail investors.

3 years and a lot of shares ago Mark spoke of wanting a $25 million cornerstone equity investor to get the ball rolling. That's 2% of what they need to build the mine. He hasn't even been able to get that done.

COVID permanently killed the interest from ALL parties involved in the competitive tension? Business all around the world has been back to normal for years...NONE of these folks wants in even as the price drops?

A bank closure derailed what surely would have been a banger of an spac merger? A recession never happened, all those folks who opted for redemption must feel really dumb right about now.

A single executive leaving Stellantis results in a 45-60 day timeline passing without a deal and eight months later still nothing?

Boy some people just have the worst luck, don't they?

https://www.edisongroup.com/research/opportunities-and-optimisations/33700/

The godsend's are our Minerals, and EXIM Bank.

They seem to have generosity, working hard internationally.
https://www.mining.com/web/us-backs-angola-plan-to-process-critical-minerals-export-power/

https://www.mining.com/chilean-cobalt-gets-317-million-funding-support-from-exim-bank/
****************
Maybe EXIM said Prove more Mineral Content, drill, drill, drill, and we will Debt Loan the whole project.

Here's Hoping!

It will be an interesting AGM this year if there is nothing to report. They do not have much credibility now as that was used up a few years ago. I would guess only a handful of shareholders will show up either unless they secure financing. What do you talk about and also you have to look at the GX crew. No thanks.

It’s very disturbing how Dean Kehler and Jay Bloom of GXII each own more shares than the entire institutional investors. I want to know why these two have been rewarded so generously. They brought zero capital into the company and the “deal” actually cost investors around $5 million net dollars. Why?!?!?!

The only thing management wants to do is extend their bloated salaries by converting bidders money into their money for as long as possible. Until they can’t, they will.

Ya, even Bill Kelly feels like he was being used (multiple times) based on his hard questions at the last agm.

https://nebraskapublicmedia.org/en/news/news-articles/investors-in-nebraska-niobium-mine-something-must-happen/

I never believed that for one second. I also don’t believe there was a lender A. It was pure fiction. Mark Smith has a tell when he is lying. His lips move. Competative tension my ass.

Do you think that there was ever a Plan B,C,D,E in the background when lender A blew the company off. What they were looking to raise was a huge amount of money and I can see someone bailing out. I just have a hard time believing that every other partner walked at the same time. They have never answered that question to shareholders. May 2020 was when the wheels started coming off the train from a credibility standpoint.

I would hazard a guess that any reputable media outlet would never bring Mark back on the airwaves. Fox Business was embarrassed by what has become of Niocorp. Shareholders who bought on the news interview got hosed unless they bailed out soon afterwards.

Dec.AGM 2019-imminent

June 2024- no clue what the future holds.

Want to bet on that? Oh wait, you are the dishonourable jerkoff that renegs on bets of a similar ilk.

Dude. That is almost as bad as not cashing some of your ten bagger opportunities out. Paying cap gains on a TFSA transfer? Madness. You do realize that losses in your TFSA will be wasted. You can’t use them against your NVDA or SPX 500 wins.

What’s telling is that both Scott and Jim have never bought a share with their own money. It’s convert shareholders money into their’s plan while talking up a big story.

If Mark asked them to forego salaries in lieu of stock, it would be hard to see any of them staying at the company. It requires a handsome salary to live in certain parts of the country and Colorado is not Alabama or most of Canada.

Why would any of them forego a salary? They are in this for the exact same reason as you.

To make money.

They are doing a very good job at it.

His investment, and maybe more so to him, his reputation, is dependent on making sure others stay gullible.

I heard Jim has kids in college so his expendable funds are limited.

I got HK out years ago. He sold on a bump and is doing quite well.

they will

No excuses, this year....

They have to show us the "money"

If this is so sure, management should show their confidence by investing their own money into NB
I prefer my earlier proposal that NioCorp executives switch to a share-based compensation package in lieu of salaries. Now that they've just authorized a shelf offering, the shares are there to pay them with.

They have other sources of income, so receiving NB stock instead of salaries would be a show of confidence in the future of the company and it would help the bottom line. Use that money to get the drill results EXIM wants and finish the Feasibility Study.

Neal Shah has his Mayoral salary, Mark Smith and Jim Sims have their IBC income, etc. They won't be going hungry.

Do you own shares Jessop?

This is opinion on a hope and a dream. Your friends are not delivering results. Your words are detrimental to everyone that stays invested while listening to you.

The actions of management need to have more weight than Walter C's delusional 'hope'.

Remember, this management avoids communication with shareholders at every point. No town halls. They don't respond to shareholder emails unless you're Chico or Walter.

This management engages in financing scenarios that result in dilution to current shareholders and costly debt.

This management continues to delay timelines repeatedly. Not just once. All of the timelines are not meant. All of them. Name a timeline they actually adhered to. Their word is not factual.

This management continues to take paycheques while not producing their one key deliverable, which is financing.

If this is so sure, management should show their confidence by investing their own money into NB above whatever ownership they have through employment. START DROPPING YOUR OWN CASH into equity, Mr. Smith. Show shareholders that you know this is a solid investment.

In fact, why doesn't Walter or Chico ask their besties at NB if they will be investing their own cash at these obscenely low shareprices? If their answer is no, then Walter and Chico need to clue in that they're being lied to.

I miss diksuc and omniprolapse. I wanna turn the AC and heater on at the same time and watch em duke it out. Wheres hkWagner when you need him? (not you wagner, hkWagner. He use to the board whiner in chief.)

row row row your boat gently up shit creek.

wake me up in the spring. hoping to still have 1/10 my original sharecount. zzzzzzzz

I have a hard time understanding the faith you have in management. You say they moved on since the merger failure, but what have they accomplished since? More than 15 months later they are still trying to raise money for a feasibility study and have come up empty.

They are continuously moving the timeline up for the new feasibility study from ASAP 2023 to ASAP 2024 to hopefully sometime in 2025.

There are a week away from missing their second publicly stated timeline for a Stellantis deal. Mark stated definitively it would happen by November last year then said a very conservative timeline was first half this year.

The agreement from April that was supposed to be a bridge loan sure looks like another missed timeline. From the current share price, the vwap needs to be up 80% Monday for the equity payment option. I wonder if they have the 1.4 million they need on hand?

All this seems to paint an alarming picture of a company with no clear path forward.

Hello Chico, can you explain about your post on Reddit regarding the….
Qualifying Advanced Energy Project Credit (§48C)
New Round 2

***********
Thanks in advance.

Yah Walter, but it gets old having the only positive effect on my NioCorp share holdings is getting to convert them into Tax free shares at a continuously better rate each year.

Although, the lower the SP goes, the more shares I can convert.
But in the same vein, the ones I converted in previous years have done nothing for me, but have me pay taxes on previous conversions suggesting a profit. So ironic LoL

I guess I should thank my lucky stars that things are looking so good going into 2025 with 3500 shares moving to tax free @ $2, and being a ten year high conversion rate.

If you do not sell and you do not need the money tomorrow , you are going to be very happy with your investment. BtW I have some Italian friends that are invested in Niocorp.
I was just this week getting extremely good news on one of my investments in a private company ; If this company had been on a message board I do not want to think about the insults I would have received here being invested in it and being a bozo and a destructor of wealth One week ago all investors were desperate , now they are euphoric.
It is a matter of believing in the project and the management that is running your company and I am still a 100 percent believer in them even after the frustrating Spac event. They straightened their backs and moved on to their goals to make this project a success.

This company is working to a goal which will benefit all of the longs if you have the stamina to stay in it. The Edison report is a very conservative prediction of where we are heading.

Ya. Haha. Just comedic. Go Oilers!

You might want to check with your accountant.

Might be better to sell first and then wait 30 days to buy back, as is usual.

1/3 volume in the last minute to manipulate

Haha

I bought into the hype for the first time (pre-split) years ago at near $1 ($10 post-split). As the price went down, I continued to buy, averaging down my overall price. $7, then $5, then at $4 (this is when the wife stepped in and made me promise not to buy any more).

"It's at the bottom!" I said. "It can't go down anymore!" I said.

That was at $4.

Then, like many on this board - I sat and waited for positive news. And waited. And waited.

Now, this has become a tax-loss harvesting investment. I'll continue to buy at these prices, only to sell after 30 days to recoup some tax benefits and replace my more expensive shares and avoid the wash sale rules. What a disaster!

We all bought what he was saying for the past decade. Unfortunately, he’s sold us a flaming bag of sh*t!!!

Yes we are all on the same page for the most part. Nail biter till they talk more.