1. The SP has now come 360 degrees to return to its low of 2008.
2. The critical difference between the two instance is that the completely feckless CEO has seen fit to load the company with a massive amount of debt, courtesy of one bonehead move after another, led by the fabulous $300 mil plus 'upgrade at Gibraltar.
3. And as a tribute to the wholly malfunctioning BOD, the genius CEO remains at the helm, and thus able to continue to 'work his marvelous magic,' whereby he's 'managed' to take a once promising company and yet drive it into virtual oblivion.
P.S. Posters just need to dispense with the fanciful 'hope' that somehow Prosperity will ever be approved- it's kaput, as is TGB for all intents and purposes
of course Mackie has a "buy' on the stock- they were previously given the task of overseeing the attempt to get $16.5 mil in financing- and as has been stated more than once before, that grand effort saw Nio coming up about $6 mil short of the goal!!l-- too, if not for Smith ponying up $ and another outfit that participated because that was part of the terms for them acquiring an interest in Archiie Lake, then the shortfall would have been even greater
add to that the fact Smith had to 'loan' the company $1.5 mil--so what's that tell you about the prospects of raising the nearly 1 BIL to build the Elk Creek mine?
finally, likely Mackie et al in Canada were some of the entities that helped 'front run' the SP when it rocketed quickly to 1.51 before falling back to earth
as always, $ talks and BS walks, and that's how you might view cockamamie talk of a "price target of $4 at the start of 2017?"
Apparently you are one of the outliers, so to speak, who found the key aspect of the prior released PEA PEA "compelling."
Sure, lots of Nb at Elk Creek, and scandium, etc. But there is just no getting around the obvious huge sticker shock of nearly $1 bil to build a mine. As someone who has 'been around' this stock in its various names for several years, I can say virtually no one anticipated the announced huge cost for a mine there.
When all is said and done-and absent, e.g., an announcement t hat some deep pockets co. has bought Nio-- the days of SP moves north based upon 'hype' and 'promise' are almost certainly done--sad but evidently true
Today I even measurably shortened the prior amount of wording. Or is 'Ragin Russ' behind such nefarious endeavors?
billsmodel for a fact that previously I took quite hefty profits on multiple niobf positions
and what currently is not in fact 'negative' about the company and the SP?- SP now about 50% of prior and admittedly overpriced at fleeting high of 1.51-- too, from earlier contentions/assurances of a mine price tag of between $300-400 mil to nearly 1 bil is a rather staggering increase for a co. that came up about 6 mil short of the last priv, financing target of 16.5 mil
still have a comparatively small # of shares that, yes, are modestly underwater so very glad I had taken vast majority of shares off the table
also note co. officials continue to seek to 'explain away' the obvious 'thud sound' the PEA was response elicited
just reality, even if you apparently prefer the so-ccaled ostrich approach to such
Well, that might come as a surprise, since NioCorp several months ago contracted with a German firm to sell to it 'at least' 50% of any Nb production 'for the next 10 years!' Plus, as reported, the German gov. itself is going to back some loan monies for that endeavor.
And MCP just agreed to would supply rare earths for Siemens' (of Germany!) high-efficiency wind turbine generators.
If you want a company already backed by both the state of Alaska and the DOD, and focused on the far most valuable HEAVY REEs, that'd be U Core.
and who bought Niobec in 2014,, the Nb mine in Canada?
"The group of companies includes Magris Resources, as well as CEF Holdings Limited; which is a Hong Kong based investment company owned 50% by Cheung Kong (Holdings) Limited and 50% by the Canadian Imperial Bank of Commerce ("CIBC"); and Temasek, which is a Singapore-based investment company with a portfolio that covers a broad spectrum of sectors."
In sum, then, can't see any possible Chinese interest in acquiring Elk Creek
Chinese already own-- as of 2011 anyway-- 15% of Brazil's CBMM niobium operation which controls vast portion of the Nb market--CBMM also has enough Nb to supply the world's requirements for decades
Sig, forthcoming share dilution is now a given.
Too, heck the purchase [price to buy Niobec with an already functioning niobium mine was 'only' about $500 mil!
A s a very early investor, back several years ago when it was qredf, I can tell you for a fact that over time I was repeatedly told by someone at corporate that the cost of an Elk Creek mine would be between '$300-400 mil. Well, obviously that was a bunch of bunk.
The newly cited price tag means at a minimum, significantly more SP dilution to come. And recall that with the most recent private financing the company fell about $6 mil short of garnering comparatively puny sum of $16 mil!!!