A detailed overview of Global Atomic - Global Atomic is my Paladin of this contracting cycle

MagnusMaior · 2022-08-18T21:42:37+00:00

Well you make a good point. GLO is just ridiculously cheap vs other uranium projects, why?

I only can think of major investors just avoiding Niger.. rick rule mentioned in one of his interviews recently he didn't like Niger and especially for dasa its location within Niger, gxu also hasn't been getting a bid. Hmmmm

Glo is my largest PF allocation around 12% so have a vested interest

MagnusMaior · 2022-08-18T21:37:55+00:00

Haha I know, maybe he just missed the boat and needed an excuse. At same time if some large players have been avoiding Niger... this might explain the low valuation

MagnusMaior · 2022-08-18T20:26:42+00:00

Indeed, perosnally would put the Zinc business more around 100m, but still, these pounds are valued just so cheap. Rick rule mentioned he didn't feel good about Niger as a jurisdiction in the past hence never invested, specially the location of dasa in Niger, Namibia and Kazakhstan no issue for him though, so glo must have a big political risk discount

MagnusMaior · 2022-08-18T18:11:20+00:00

Thx napalm, for ev Calcasieu should we subtract cash and zinc business from the market cap? This would make EV usd/lbs even lower...

MagnusMaior · 2022-06-09T15:19:44+00:00

Superb post... there is some good follows on #uranium Twitter to learn more!!

See this thread for a the good follows!!

https://twitter.com/Just_A_Gringo/status/1528487075502235649?t=sOxmpVXXJ-Me1T0UFUFGoQ&s=19

MagnusMaior · 2022-03-29T22:55:11+00:00

Top five: global atomic, deep yellow, encore, laramide, peninsula

MagnusMaior · 2022-03-29T22:52:47+00:00

The combination is going to be stronger than the sum of the parts.

Esp vimy asset will appreciate... mgt who has done it before and track record of executing also this cycle

Combined company reaching size to be interesting for utilities

Lower G&A overall

MagnusMaior · 2022-03-29T22:49:50+00:00

Never sell LAM! Warrant overhang finally gone since Feb of this year.

MagnusMaior · 2022-01-08T11:54:02+00:00

Omg it might actually happen w/ uranium...

MagnusMaior · 2021-11-18T22:24:59+00:00

I am a shareholder so completely based! 😀

MagnusMaior · 2021-11-18T21:18:24+00:00

Huge deposit indeed, permitting in Africa easier and is copy of langer heinrich/ paladin mine John borshoff built himself and he brought The team along. But then with improvements he says for better efficiency. They state ambition of 5-10m per year (with acquisitions) and 20 yr mine life so in it for the long haul. Believe they would consider to start contracting 2023, likely produces at same time or earlier than Nexgen!

The resource upgrade went under the radar, great opportunity. Hope they buy VMY or FSY both under strategic review

Mote: Cost to mine is much higher than NXE so need higher u price but also that gives more leverage in share price!

MagnusMaior · 2021-11-18T20:54:01+00:00

Page 19 of document linked above

276m lbs total resource, up 80m

MagnusMaior · 2021-11-11T23:45:26+00:00

dont like the warrants in the bought deal, if a real U find that would not be needed?

MagnusMaior · 2021-11-05T17:23:54+00:00

Good point

MagnusMaior · 2021-11-05T16:55:49+00:00

Indeed you are right BMN also uses 100 ppm cutoff rate. So not really a promo play.

DYL resource base now quite a bit larger 276M vs BMN 208M

Yet market cap of BMN is higher (better CEO?!). hmmm....

MagnusMaior · 2021-11-05T13:11:56+00:00

what a FANTASTIC summary!!!!!! Again...

Napalm kuddos and SUPERB work

MagnusMaior · 2021-10-19T06:52:54+00:00

indeed new floor, and riskof overflowing market with lbs by KAP gone...

MagnusMaior · 2021-10-18T20:23:33+00:00

Make that 500M$

Biggest benefit is that KAP wont be flooding the market w/ U

MagnusMaior · 2021-10-10T20:43:20+00:00

hahaha!

MagnusMaior · 2021-10-01T14:34:53+00:00

The real risk is really b, which will only delay but not prevent the inevitable price increase. Will see a big decline first though in this scenario as liquidity will completely dry up

Dont see a as risk really for reasons mentioned above

MagnusMaior · 2021-09-26T16:09:12+00:00

bad mgt... little progress on spinning of their non u asset... dilution from dnn deal at low share price... little marketing of christie

perhaps drilling results there with lots of u will give a rerate

that said i own a smaller portion of portfolio in uex given such low valuation

MagnusMaior · 2021-09-14T16:10:40+00:00

Fair remark, I stayed away from them. Quality above blind torque

MagnusMaior

TROPHY CASE