Everything but (and) the kitchen sink was thrown at Mr. Roman and his team. They have done and continue to do a heroic effort to get this mine in production. Global will become a producer. Respect. Go team!
Thanks Matt and Stephen for the update on Dasa. Indeed a heroic effort made by Stephen. As a large shareholder himself, he is suffering with the rest of us. Wishing him (and us) great success!
Ok, nothing new here, but still good to hear from Roman. I think he understands that September is a pivotal point and GLO should definitely announce a concrete financing strategy, be it with the bank or not.
Excellent interview. Investors really need to be reassured. I'm sure it would be beneficial if Roman were to multiply interviews in order to address the speculations outherere.
Despite being beset with so many issues I think this is the most success deserving of all current uranium projects, good luck GLO & thanks for the interview Matt!
Great interview Matt! I'm Pulling hard for Roman and team they have some terrible luck in past 18 months with earthquakes in turkey and other external factors beyond the company's control but Roman is a tough as nails. Next 3-4 months will be interesting here to see what happens in financing
What's funny regarding China is that.... 1. If that's really a top down strategic view, the lender doesn't have to make money. There are many ways to get return other than the defined loan interests... 2. There is coordination between the lender and all other foreign affairs, so the bank will not need to worry about the jurisdiction that much, e.g., they will not ask the company how to export via Benin cuz other government foreign affair entity will fly there to find a solution with all parties... much better to derisk the project...
Physically sick with the Global Atomic situation. I had and still have hope. I am sure Mr. Roman is in a bad situation. Hope he can find a good deal to move forward.
Talk about a lof of things but very little about what is going on in DFC which is the main thing. Bankers will screw you over for a long list of reasons.
They need to use their Turkey connections to JV with Turkey at Dasa as Erdogan was just there looking for U. A no brainer. But I am not sure I want my $ involved.
Brave bank - although I doubt that ESG and the welfare of camels are its biggest priorities. TIA etc etc and I don't really think that - apart from maybe Rwanda and Botswana - many if any governments in SS Africa give a FF about its citizens. And this bunch weren't even voted in. I think GA needs to be realistic and ensure that service contract fees, overseas trips for hard working exhausted officials, educational grants for military off-spring and, of course, a few Tesla Cyber Trucks (extra-wide tyres and rear mounted gun optional) are being considered. And stay out of Switzerland for a while (see recent slap on the wrist for Glencore). If coys are not willing to play what-is-possibly the required game in certain countries with new regimes, it is probably best simply to sell out to China IMO. At a huge premium, of course, so that everyone - including management - is fairly compensated.
The bank is the US Development Finance Corporation. Nothing new from them in terms of risk assessment. They've already restarted funding of Niger projects, albeit smaller than Dasa.
@@jptrainor "$1.2 million in technical assistance to Savannah Energy RN Limited will help support the development of a 250MW wind farm in Niger", not significant but better than total zero. But I can't see them investing more than $50-75 mln. in Dasa.
@@MSh-ul2yt They may split it with Export Development Canada. At least an application went to Export Development Canada as well. If the money is staggered over time, with milestones for Dasa and Niger, I can see the two banks doing the full $200m in order to protect US geopolitical interest. The risk of not getting paid back, with interest, is low insofar as the business of uranium goes. As long as they are comfortable with the geopolitical risk then it's good business for them.
Everything but (and) the kitchen sink was thrown at Mr. Roman and his team. They have done and continue to do a heroic effort to get this mine in production. Global will become a producer. Respect. Go team!
Thanks Matt and Stephen for the update on Dasa. Indeed a heroic effort made by Stephen. As a large shareholder himself, he is suffering with the rest of us. Wishing him (and us) great success!
Ok, nothing new here, but still good to hear from Roman. I think he understands that September is a pivotal point and GLO should definitely announce a concrete financing strategy, be it with the bank or not.
Excellent interview. Investors really need to be reassured. I'm sure it would be beneficial if Roman were to multiply interviews in order to address the speculations outherere.
Despite being beset with so many issues I think this is the most success deserving of all current uranium projects, good luck GLO & thanks for the interview Matt!
Great interview as always. I hope this project succeeds. Excellent project and great CEO. And I am holding quite a few of GLO shares.
Thanks for this needed interview with Mr. Roman. Here's hoping the bankers can get the reassurance they need.
Development of Dasa is progressing very well 🍀
Buying more Global Atomic.
Great interview, thanks for this. Really makes me feel better as a GLO GLATF) investor.
Love the sense of humor in your interviews.
Great interview Matt! I'm Pulling hard for Roman and team they have some terrible luck in past 18 months with earthquakes in turkey and other external factors beyond the company's control but Roman is a tough as nails. Next 3-4 months will be interesting here to see what happens in financing
"the bank" is the US Development Finance Corporation. Export Development Canada may be in on the deal as well.
So is Steve joining one direction or not?
What's funny regarding China is that.... 1. If that's really a top down strategic view, the lender doesn't have to make money. There are many ways to get return other than the defined loan interests... 2. There is coordination between the lender and all other foreign affairs, so the bank will not need to worry about the jurisdiction that much, e.g., they will not ask the company how to export via Benin cuz other government foreign affair entity will fly there to find a solution with all parties... much better to derisk the project...
good interview. glad he is addressing the questions. own the stock and obviously lousy investment but if there is a deal could skyrocket.
Physically sick with the Global Atomic situation. I had and still have hope. I am sure Mr. Roman is in a bad situation.
Hope he can find a good deal to move forward.
The drama has been compelling, if nothing else.
Not a pretty situation but GLO will get it done. Anyone buying shares under a buck will be rewarded in the future. Long…
dont dilute !!!!!!! and dont lie !
Talk about a lof of things but very little about what is going on in DFC which is the main thing. Bankers will screw you over for a long list of reasons.
They need to use their Turkey connections to JV with Turkey at Dasa as Erdogan was just there looking for U. A no brainer. But I am not sure I want my $ involved.
Brave bank - although I doubt that ESG and the welfare of camels are its biggest priorities.
TIA etc etc and I don't really think that - apart from maybe Rwanda and Botswana - many if any governments in SS Africa give a FF about its citizens. And this bunch weren't even voted in. I think GA needs to be realistic and ensure that service contract fees, overseas trips for hard working exhausted officials, educational grants for military off-spring and, of course, a few Tesla Cyber Trucks (extra-wide tyres and rear mounted gun optional) are being considered. And stay out of Switzerland for a while (see recent slap on the wrist for Glencore).
If coys are not willing to play what-is-possibly the required game in certain countries with new regimes, it is probably best simply to sell out to China IMO. At a huge premium, of course, so that everyone - including management - is fairly compensated.
The bank is the US Development Finance Corporation. Nothing new from them in terms of risk assessment. They've already restarted funding of Niger projects, albeit smaller than Dasa.
@@jptrainor "$1.2 million in technical assistance to Savannah Energy RN Limited will help support the development of a 250MW wind farm in Niger", not significant but better than total zero. But I can't see them investing more than $50-75 mln. in Dasa.
Unfortunately, China and a huge premium don't mix well.
@@MSh-ul2yt They may split it with Export Development Canada. At least an application went to Export Development Canada as well. If the money is staggered over time, with milestones for Dasa and Niger, I can see the two banks doing the full $200m in order to protect US geopolitical interest. The risk of not getting paid back, with interest, is low insofar as the business of uranium goes. As long as they are comfortable with the geopolitical risk then it's good business for them.