Was gone all day yesterday and thus only logged on today about 30 mins. ago.
Never ceases to amaze me how many times there is a SP 'bump on Mondays.
Had earlier vowed to sell if SP again hit .70 (which it obviously did today) but I missed that train (again!) Oh well.
This is now the 3rd time the SP has hit .70 or just above after having swooned into the .40s range. Last time it did I tried to add shares (AON of course, as is my norm) circa .43 but order did not fill.
See SP has already retreated today, currently to .65 on the bid. So far. .70 definitely sees to be the firm resistance level. Hopefully we are not talking about another steep SP decline in the offing.
But not really heavy vol- currently about 239K in U.S. 513 in Canada.
Per enzr, tried to add to that position yesterday (AON for 25 K circa 10 cents, but also no fill). Like you, hoping that puppy pops north sometime soon.
Low priced stocks, always an adventure!
Happy holidays and GLTY and all other NioCorp shareholders.
Have no idea about his share sell record at MolyCorp, but if you review his (available on the NioCorp website) video interview (believe it was the one of about 21 mins.) in which I believe he asserted that he 'hadn't sold any of those (MolyCorp) shares. ' Others who post on this board may be able to support or contest his declaration.
Just one posed question.
The total net loss on NPTN was about $16 mil as I recall the co. reporting.
Closing price on SZYM on 12-3-14 was $2.57, so your claimed 'triple+ sell would allegedly have been about $7.75 or so.
Thus, pray tell, the 'balance out' between the two positions?
And of course the purported 95% sold at 'triple plus' price on 12-3 begs the fact that mgt. had ample opportunities to sell at much higher post-IPO prices.
Buy why let facts get in the way of your ongoing cheer leading for a $3 SP. right?
Well, time will tell about your implied positive impact of the PEA on the SP. won't it?
While I remain quite skeptical, nonetheless hopefully your obviously sanguine view prevails since I do own the shares.
you may recall my prior post when I commented on the proposed addition of another 300 mil shares and ended by writing 'hum?"
so, yes, that is likely a primary determinative factor, as investors invariably hate share dilution--although we haven't seen the trading vol. in millions of shares as we did when the SP briefly ran up a few months ago
finally, your then response to my "hum?"as I recall was something like: the 300 mil added means the company will have more shares to sell (to interested investors?)
have heard that before, some years back, re: supposedly several major miners were interested in investing in Elk Creek, then ultimately- zip
hopefully, the newest agreements with Credit Suisse, etc. turn out better
still wonder about a Mackie role, though, as that outfit could not drum up the full targeted relatively small amount per the private financing
most likely late season tax loss selling- if so, evidently some investors who bought on the 'high side' when the SP briefly ran to about $.25 have now been dumping their shares
of course the obvious correlate- we are talking about a very small amount of $ changing hands daily--e.g., say 500K shares change hands at at avg. buy/sell of $.12- then a comparatively measly $60 k is involved
in the end, though, either the Magagascar flaked graphite assets pay off handsomely down the line, or they don't-obviously all about risk/reward
"OK, so the G-upgrade that cost a bargain price of just north of $300 has been a wee bit disappointing of late. So boo-hoo." But fret not all my loyal and beloved shareholders. Just think of the riches waiting to be grabbed when I work my magic at Aley. Or phrased another way, forget about copper, the new way to wealth is niobium. And, we should have a mine humming and producing record revenues in no time at all. I mean, have I ever led you astray before.?Keep the faith, baby!"
re: "NioCorp Signs Confidentiality Agreements with
Credit Suisse & Morgan Stanley"
Given that Mackie hardly did a bang up job per meeting the prior announced $ goal regarding the private financing, perhaps management is rightfully seeking to get a buyer for all of the company's assets, most specifically of course Elk Creek's niobium reserves?
total vol Friday in Canada abut 171K--in U.S. about 56 K
hardly #s to elicit excitement
vol in fact has been repeatedly very light for some time
And in case anyone has mistaken the intended meaning of my last sentence, obviously it was written 'tongue in cheek.
Also recall prior sage-like chest-pounding talk from El Jefe that the G so-called 'upgrade' would extend the life on the mine by X # of years. In reality a euphemism for: extend the # of quarters racking up losses as far as the 'eye can see!'
Here's a meaningful indicator respecting the chances of 'hope' being fulfilled.
The other day, Nov. 11 to be exact.(one year, no trading on Nov. 11 so I picked the nest applicable day) I went to the 'historical prices' option on the board and looked up the closing SP that day beginning in 2009 (year market recover began) ad through 2014. It shows: 2009: 3.40; 2010: 4.66; 2011: 3.41; 2012: 2.85; 2013: 2.07 and 2014: 1.46. And of course since then the SP has again resumed heading south. And just think of what would have been the current SP absent the wonderful results from the Gibraltar upgrade courtesy of R.H.!
Gotta be some of the SUPER-hybrid stuff now being grown legally in WA and soon in OR!
Fogger- yours truly could never imbibe enough OR pinot noir to be able to talk such nonsense as above
Positive cash flow, eh? ECXEPT every Q seems to be a bigger loser than the previous one, with the last Q at 6 cent loss a special beauty
El Jefe spouted off that company has $95 mil in cash, but somehow neglected to remark on the debt load, or the continued G-upgrade bust, or that Aley will come on line just about as soon as the feds approve Prosperity AND it begins [producing both copper and gold
and the $ to build the Aley mine comes from where? and slight problem in that Ramblin Russ has never built for TGB a new mine but sure has worked wonders at the G one earlier purchased
and per the recent 'shovel' excuse-longtime board members will remember years ago that same excuse plus El Jefe's promise to get big wampam via insurance for that shovel debacle--only (surprise, surprise) never another word nor any of that insurance $ appeared
Previously the Champion Excuse Oracle of Total Gigantic Bust promised financial markets that the paltry $20 mil spent on the fleet of special hybrid canoes powered by genetically engineered niobium sourced from the cutting edge scientific lab located within the confines of the world-class Aley mine would in turn deliver Giga-quantities of copper costing just pennies per pound to produce, courtesy of the unquestioned smashing success of the uber-upgraded Gibraltar mine brought to completion for the incredible bargain-based price of just north of a mere $300 mil.
But ... a cruel twist of nature once again saw the past quarter's revenues come up just a wee bit short.
Say it ain't so, Russ, say it ain't so!
P.S. News flash. Be discouraged not, for El Jefe just vowed to remain at the helm either until his last breath taken on earth OR when he no longer is able to continue maximizing HIS well-earned compensation, which ever outcome eventuates LAST!
current SP about 10% below the priv. placement price for the spec warrants (55 cents for shares, 65 cents for companion warrants exercisable over next 24 mos.-???
supposedly today the financing closes- wonder if co. filled it all, the $16 mil or so desired
see that co. had to sell majority interest in another property to get buyer to participate in financing to the tune of just a few mil- also a negative sign?
any of you have opinions to share?