Demand Leadership Change at NioCorp Developments
The Failures in Leadership at NioCorp are NUMEROUS ... It's been going on even long before NioCorp, but after all these years it's the same sad story.
ENOUGH IS ENOUGH! It's time for the shareholders of NioCorp Developments to stand up to the misinformation propagated by the company's CEO, Mark Smith. Smith bloviates about upcoming milestones time and time again, and misses deadlines every time! Promising shareholders of binding loan terms, updated feasibility studies, EXIM funding, BINDING offtake agreements, and time and time again NOTHING ever materializes. Mark Smith's goal is to mine for investors, not the rare earths present at Elk Creek... and he's been doing it for well over a decade. Simply pull the ring on his back and he'll spit out what shareholders want to hear, keeping holders hanging on only to see promised deadlines come and go. "The Feasibility Study will be published in March," "The Fesasibility Study will be published in April," "The updated CapEx will be released in June," We'll have BINDING loan terms by the end of Calendar Q2," ...Where is the accountability?
THE DUDE MUST GO!!
THE DUDE MUST GO!!
Don't take Our Word For It....
Straight From the Ass Himself:
January 9th, 2014: Enter the King of Bloviation Himself, His Royal Anus Mark Smith. Same Story, Different hairline
Watch and Listen. :
Share Price 1.51 Canadian
April 7, 2015: Mark polishes his delivery and begins with his patented narrative that will last him for the next 11 years and beyond. Watch and Listen:
Share Price $12.00 USD
April 15, 2016: One year later and NioCorp is still "so well positioned" Here we are 10 years later and the position all shareholders have had to take is being bent over the couch. Watch and Listen:
Share Price .60
September 22, 2015: The Gibberish Continues with a strange Off Take agreement for 50% of the Nobium and the introduction of a German Loan Guarantee Watch and Listen:
Share Price $5.31 USD
August 26, 2015: Scandium deliveries are up over 600%! Problem is, NioCorp ain't producing a single gram...No worries, they're working on a Feasibility Study that's Coming Soon. Financing is almost here. Watch and Listen:
Share Price $5.72 USD
This CHARADE has been going on since Quantum Rare Earth Development was trolling for investors back before 2012
January 30th, 2012: Same BS 14 years Ago: "Developing Nobium Production in the United States" Starring Peter Dickie, CEO of Quantum Rare Earth DevelopmentsWatch and Listen. :Share Price .60 Canadian
April 29, 2019: Honan, aka Mini Me, gets everybody's toes curling over the incredible Feasibility Study...Fianancing is here...Uh wait a minute, actually let's all wait for another 7 years...Still No FINANCING, Still NO FEASIBILTY STUDY. Watch and Listen.
Share Price $4.50 Canadian
April 6, 2016: Let's improve local support. Smith gets Greg Krueger and many others to talk about their support. Greg loves the FREE Barbeques and the welding taking place??! Watch and Listen:
Share Price .80
It's nothing but "Wash, Rinse, Repeat."The same Blither and Blather since 2012Step 1: Pay for Promo Video after Promo Video mumbling about the incredible potential of Elk Creek.Step 2: Talk about all the progress on The Hill, Binding Off Take Agreements, Updated Data from Feasibility Studies that Increase the Value of the Mine, EXIM's "Desire" to get a deal done.Step 3: Fool the locals into thinking jobs are coming by hosting Town Hall Events with great fixins. Throw in some political support thanks to some campaign contributions.Repeat Steps 1 through 3 over and over again.Step 4: DIlute
Why get the mine funding across the finish line when the Board, the company's Executives, and the Ringleader himself can just get nice fat paychecks and rack up wads of free shares year over year????
DON"T BE LEFT holding the empty bag:Mark Smith throws a project activity out on one of his paid promo videos, mumbles out a date, and the shareholders get bent over the couch when the deadline announced comes and goes without any action.
Smith's latest example: Whisper on one of his latest paid videos that there will be a BINDING agreement with EXIM prior to the end of Calendar Q2, that the updated Feasibility Study is due out in March, then it will be released in April, then he mumbles that the CapEx is being revised and will be out in June. Shareholders, don't be ignorant, how can you come to BINDING terms with your potential lender when you haven't even completed a feasibility study, how can you complete a feasibility study without knowing what your CapEx will be?
Why get the mine funding across the finish line when the Board, the company's Executives, and the Ringleader himself can just get nice fat paychecks and rack up wads of free shares year over year????
DON"T BE LEFT holding the empty bag:Mark Smith throws a project activity out on one of his paid promo videos, mumbles out a date, and the shareholders get bent over the couch when the deadline announced comes and goes without any action.
Smith's latest example: Whisper on one of his latest paid videos that there will be a BINDING agreement with EXIM prior to the end of Calendar Q2, that the updated Feasibility Study is due out in March, then it will be released in April, then he mumbles that the CapEx is being revised and will be out in June. Shareholders, don't be ignorant, how can you come to BINDING terms with your potential lender when you haven't even completed a feasibility study, how can you complete a feasibility study without knowing what your CapEx will be?
"and the Award for a Leading Actor in a Fictional Role, goes to Mark Smith for his work in the comedy "NioCorp Undevelopment, a 15 year Saga to Nowhere"Sometimes you have to take a look at the past to get to the future. The above videos show you the narrative of the past...Now, go to YouTube and search "NioCorp Developments Mark Smith." You'll find video after video of our leading actor saying the same thing today that he was mumbling about over 12 years ago. You might think, but they're building the portal so they are moving forward. They have $500 million to keep the charade moving along, why not spend a chunk, it just makes the story more intriguing and they can keep diluting to keep those free shares and fat paychecks coming in.
Smith's Paid Promo after Paid Promo on YouTube. Over 13 years of blabbering about the same false promises.
HOLD THIS COMPANY ACCOUNTABLE...15 years of Blither & blather!
What the story was back under MolyCorp and Chevron Mining some 15+ years ago, is the same SAD story today. Why? Because the same SAD CEO is at the helm .....Stop with the false hope, Stop mining for Investors, Start Mining the Property! Our DEMANDS are simple:
How can a CEO retain his position after DECADES of failure?
How can a CEO retain his position after making false promises to its shareholders year after year even with ALL those FALSE promises documented on video?
Where is the FIDICUARY responsibility from The Board?
NioCorp has been extremely profitable for Mark Smith,
NioCorp Executives, and NioCorp's Board, PERIOD!
NioCorp's Strategy has been to profit off of
unsuspecting shareholders that buy into their bogus promises.
NioCorp is in the MINING BUSINESS...They Mine investors.
Join us in advocating for a change in leadership at NioCorp Developments. Together, we can demand accountability and effective management!