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Bullboard - Stock Discussion Forum Global Atomic Corp T.GLO

Alternate Symbol(s):  GLATF

Global Atomic Corporation is a Canada-based company, which provides a combination of high-grade uranium mine development and zinc concentrate production. The Company operates through two segments: the Uranium Business and the EAFD Business. The Company’s Uranium Business activities presently take place in Niger, Africa. The Uranium Business segment includes four deposits with the flagship Dasa... see more

TSX:GLO - Post Discussion

Global Atomic Corp > Possible Entry Point - Uranium Production on Schedule
View:
Post by lithomon on Jul 22, 2023 2:10am

Possible Entry Point - Uranium Production on Schedule

With Uranium spot price beginning to break out (up well over $10/pound in a month) and GLO's Steve Roman keeping this "Uranium build out" on the fast track (few new mine operations move this quickly).
Therefore, at $2.80 a share, you could be very right about GLO's ideal entry point.

As you know, typically there can be share price stagnation during the new mine operation complex construction phase, but the break out on GLO is likely to be sooner than later, given the Uranium break out fundamentals and GLO's healthy cash position (with the utilities and equity firms) to swiftly get to production, and right on schedule  according to the plan that Roman established a year or so ago.  That makes investors very, very happy to see a team move swiftly on their promised timeline.  Obviously, high impact "experience" is evident on this new uranium mine operation build out.  

As well, I recall Roman commenting this development is marked for Uranium production and there will be No consideration of any Buy-out offers less than $40 a share.
Comment by blackwolf25 on Jul 26, 2023 10:44am
Or maybe not. Getting spanked again today. Someone isn't listening to Roman.
Comment by HavingFun on Jul 26, 2023 11:12am
I laughed when someone on twitter suggested this could go to 2.50. but this is only made possible by a military coup going on - we dont get good info on african politics here.  Of course the volume is nice.  for every person that sells there has to be a buyer.
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