Global Atomic Corp T.GLO

Niger Coup - GLO Loses $200-Million Plus in Market Cap

[lithomon]

Tonnes of money just evaporated over the past few days in Niger, not just Global Uranium.
Many other resource companies and "capital" began flowing into the vicinity of "GLO" in very recent years, given GLO's high grade Uranium deposit and extensive and rapid mine construction in a relatively short period of time.

Perhaps some in the mining community, for a brief period of time (investors and builders), forgot about the significance of "geopolitical risk", when evaluating the decision to invest in, or develop projects in these unstable jurisdictions.

I have always done reasonably well investing in stable, mining progressive regions of North America.

GLO is one of my few investments outside of the North American jurisdiction, namely Canada and USA (the Australian Gold investment went bust - I only tried that once and only once, as well, I believe E. Sprott lost on that one too).

Therefore, given the events this week in Niger, another reminder to remain predominantly invested in the Canadian and USA mining development projects.

The flow of capital out of Niger mining developments will also likely find its way back to the stable "geopolitical" mining regions.

So, Blackwolf raised a good question. How LOW will "GLO" go??

Possibly back to where it once was??? I think 50 cents.
GLO has already shaved $200-Million off its market capitalization in Just 3 trading days.

The "Risk Management" reality to any mining group doing busines and development projects in these "unstable" global economies has once again immediately emerged as a key area of concern.

These events in Niger will send Boards of Directors scrambling to evaluate their respective company's "Risk Exposure" to involvements in risky developments.

Clearly, if Cameco can stomach the risk, perhaps the golden opportunity to pounce on GLO's rapidly advancing Uranium development and rapidly declining market capitalization in this weakened moment of unstable geopolitically risky economic leadership.


As Blackwolf inquired,

How low will it go?

[blackwolf25]

Let me rephrase, how low will it GLO. To think that many may have thought that a licensed African mine was more secure than an maybe never to be licensed North American project. Others betting that the nuclear story either plays out historically well or, the lights actually do go out and at that point, it really doesn't matter. Seems to me that we in the west are doing a great job of royally