Great review! I just want to add some comments in terms of "what could go wrong?” 1. Jurisdiction safety concern: - Westerners are biased. They think places like Canada Athabasca basin are safe and that's because they think the place is known to them with no gunshot. Is that right? Emmm... Jurisdiction risk should be defined as anything that could prevent the mine from production or being built, rather than a biased vacation index. Are you looking for a vacation resort or a place that can drive a mine to production? If latter, Niger has already proved it for dacades. On the other hand, look at NexGen that submitted a hundred thousands page of environment report and still nobody knows if they can start production by 2030. A group of first nation can easily delay a project a couple years. Stephen clearly talked about this - a place that his father needed 30 years to eventually build a mine, but ironically westerners think that's jurisdiction safe…. I only agree vacation safe. - Who is the 800lb Gorilla in the room? It's China who is going to build 150+ reactors and triple their nuclear capacity over the next 10 years. You need to ask how do Chinese think about jurisdiction risk? I bet China favors Africa than Canada. How much can U.S. influence Canada? How much about Africa? After all, the world is going to be divided now. If Chinese wants acquisition, do you think they will go to Africa or Canada? Then also ask French. They probably will favor Canada but they would never rule out Africa, right? Africa is a place loved by both East and West. To me, I see big chance for GLO to be bought out eventually. - Did you look at the map? The Dasa deposit is hundreds mile away from the south border which may consider a bit risky. However, look at the Wikipedia page about Niger and you will know how important the uranium industry is to this country. No matter who is the government, they need this industry for them to get foreign exchange so that they can buy goods which they cannot produce from other countries. They don’t have other choices like Canada does to its economy. Without mining, Canadian can still sell maple syrup, right? 2. Inflation - For Turkey operation, the company is making revenue in USD, and Turkey domestic cost is in Lira , not a concern. - For Niger, similar to Turkey that revenue is in USD and expense in local currency. In fact the higher the inflation, the more important this industry is for the country as well as job creation. 3. Niger government pancake share - 10% is minimal by law which market knows. We’re waiting for the final incorporation deal but from what I can read from Stephen’s last interview is that, 20% is maximum, and that ensures no other dilution anymore because government has to pro-rated pay anything for their share. 4. Accounting negative earning - This is a development company, no production yet who really cares about earning? CAPEX is understandable and in fact the company is doing minimal dilution, whether from debt perspective or equity perspective.
@CommodityCulture
2 жыл бұрын
Awesome comment, thank you for sharing. I agree with all your points, that's why I mentioned Canada has its own jurisdictional risk and I think it's at least equivalent to a place like Niger, if not higher. I honestly had a hard time coming up with too many bearing scenarios so agree that discussing negative earnings was reaching a little, but it's just a figure to keep an eye on moving forward from my perspective.
@silverbullag4759
2 жыл бұрын
Just to touch on china buying in canada.A great example recently is a china miner trying to buy Tmac resources.The canadian Goverment would not approve the sale because they did not want the chinese in full control of an asset in nutavut and ultimately was sold to Agnico Eagle..China will be buying in Africa and never in canada that we can take to the bank and cash
@CommodityCulture
2 жыл бұрын
@@silverbullag4759 Great comment as always silverbull.
@stephenglover8828
2 жыл бұрын
I take some of your points but I also don't see civil war breaking out in Canada any time soon, no matter how crazy Justin Trudeau is
@CommodityCulture
2 жыл бұрын
@@stephenglover8828 Haha definitely agree there. However, I'd rather the risk of civil war but fast mine permitting, than waiting 30 years for a mine to be fully approved.
@B-H76
2 жыл бұрын
This is definitely one of my favorites. I have bought a lot of uranium stocks, but I am buying nothing but Global atomic, UEC, and Energy Fuels for here going forward
@CommodityCulture
2 жыл бұрын
A very decent mix of companies, I also own Energy Fuels, will be doing a deep dive on them as well in the future.
@Aaronymous_71
2 жыл бұрын
Great analysis. I’ve recently had my eye on Atomic and thinking of grabbing some shares to further diversify my uranium portfolio.
@CommodityCulture
2 жыл бұрын
I think, if you are investing in individual stocks and can handle that level of risk tolerance, GLO is a must for any uranium portfolio. Note: not investing advice.
@DurdyPurdy420
Жыл бұрын
I've been watching tons of CEO interviews and I really like the way Stephen Roman carries himself, definitely the type of guy I wouldn't mind working for, and from what I have been hearing since this interview happened, outlook has only gotten better
@CommodityCulture
Жыл бұрын
Agreed, I'm also a fan of Stephen he always comes across as a genuine guy.
@lbrookins3350
2 жыл бұрын
thank you ., as an investor it is.always helpful to get your concise presentation.
@CommodityCulture
2 жыл бұрын
I'm happy you found some value in the video!
@silverbullag4759
2 жыл бұрын
Global is the best developer out there hands down.👍
@CommodityCulture
2 жыл бұрын
I think that's a very real possibility, definitely in my top 5 at the moment.
@stephenglover8828
2 жыл бұрын
Very informative, thank you. Excellent summarisation
@CommodityCulture
2 жыл бұрын
Glad you found it useful!
@jgtragesser
2 жыл бұрын
Excellent review .... promising company ...
@CommodityCulture
2 жыл бұрын
Agreed and thanks for watching!
@schoolofthehunt8927
Жыл бұрын
These uranium company reviews are awesome! I have watched almost every single one
@CommodityCulture
Жыл бұрын
Thank you, glad you could find some value in them!
@bokito7116
2 жыл бұрын
We want more like this :)
@CommodityCulture
2 жыл бұрын
Thank you, I hope I can keep delivering!
@dkvikingkd233
2 жыл бұрын
Well, "skin in the game" depends on how he got it, I mean buying it with his own money or getting it through management pay or similar is not quite the same.
@CommodityCulture
2 жыл бұрын
This is true, he has been buying a decent number of shares recently. For a stake that large, I have to assume he bought most of it but I could be wrong.
@phillipwatts7226
2 жыл бұрын
Great overview
@CommodityCulture
2 жыл бұрын
Thanks, glad you enjoyed it!
@mikegould9278
2 жыл бұрын
Great video I really enjoy the deep dives into individual companies I hope they keep coming. 👍
@CommodityCulture
2 жыл бұрын
Glad you enjoyed the video and I will keep them coming, every Friday.
@robertdagge200
Жыл бұрын
Very good thanks. Minor point but its 'Knee-gher' not 'Ni-gher'.....
@gibbogle
Жыл бұрын
I agree with the point you are making, but "gher" is not a good way to spell the way it's pronounced. Maybe "zheer" would work better.
@thewarrenbuffettspreadsheet
2 жыл бұрын
I like these company reviews
@CommodityCulture
2 жыл бұрын
Glad you find some use out of them! I learned about your channel a year or so ago when a video pointed out the Warren Buffet Spreadsheet, great work on that tool!
@thewarrenbuffettspreadsheet
2 жыл бұрын
@@CommodityCulture Thanks! It definitely works poorly for commodity stocks. But works well for analyzing high quality Buffett type stocks.
@jakobmomme8350
Жыл бұрын
Hi, I think Its time for an new interview with Global Atomic. They just raised 50 mill CAD to continue building the DASA. Please interview them?
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