Buy Buy! Ultra-bull Niocorp Developments
Updated
I have been following this stock for some time, and it is getting better and better. their long standing goals, producing commercial, industrial-grade niobium, scandium products are coming to fruitition. This includes securing the finances to embark on the endeaver (unofficial).
In the mining scene we have to be wary off the juristiction/country the mine is located in. it could get seized, laws could get passed that could dampen revenue or export be banned. But this is the opposite. It is located in Nebraska, U.S. and has tremendous political support. Niocorp Investor Presentation
Target is AT LEAST 25. This stock is very resiliant against war, and will actually benefit from it. more supply chain issues abroad , inflation, demand to name a few. I like the price right now, but could surely fall further.
We are near the support zone around 5.3, next is 4.7 zone then 3.9 zone. bargain zone: 2.6 - 2
Strategy: DCA
GL
In the mining scene we have to be wary off the juristiction/country the mine is located in. it could get seized, laws could get passed that could dampen revenue or export be banned. But this is the opposite. It is located in Nebraska, U.S. and has tremendous political support. Niocorp Investor Presentation
Target is AT LEAST 25. This stock is very resiliant against war, and will actually benefit from it. more supply chain issues abroad , inflation, demand to name a few. I like the price right now, but could surely fall further.
We are near the support zone around 5.3, next is 4.7 zone then 3.9 zone. bargain zone: 2.6 - 2
Strategy: DCA
GL
Note
Zone 5.3 hit! Adding to positions.Note
FYI:NioCorp Completes Issuance and Sale of 70,000 Shares under the Standby Equity Purchase Agreement
CENTENNIAL, Colo. (September 12, 2023) – NioCorp Developments Ltd. ("NioCorp" or the "Company") (Nasdaq: NB; TSX: NB) today issued and sold 70,000 shares (the “Advance Shares”) of the Company’s common shares, without par value (the “Common Shares”), upon settlement of the previously announced Advance Notice that it delivered on September 7, 2023 pursuant to the Standby Equity Purchase Agreement, dated January 26, 2023 (the “Standby Equity Purchase Agreement”). The Advance Shares were issued and sold at a purchase price per share of $3.6998, which reflects 97% of the average volume-weighted average price of the Common Shares on The Nasdaq Stock Market LLC (“Nasdaq”) as required under the Standby Equity Purchase Agreement.
I have seen before when something similar happens, the purchase price (in this case 3.7) serves as a floor for the stock price. Definitionally will be looking at that and is aligning with the 3.9 zone shown above.
Note
More share Dilution. NioCorp issues shares for 1 Milion Dollars via a private placement @ ~3.2 a share for insiders. I don't like that. The board will probably want to get in at a low price. i might do the same if it was my company..the positive is that amount of money indicates a lot of trust in the company off the insiders (board members etc).
Strategy remains the same. HOLD & DCA
Trade active
This is 100% accumulation zone. basically buy where investment firm / privateplacements / insiders buy, as noted above.
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