Great job building the mine. The only unknown remains for whom is it getting built: current shareholders, future shareholders (after the current get diluted to dust), Niger junta? 😅
I agree with mr Roman about the prospects of uranium demand, but getting any deliveries in Q1 2026 sounds unrealistic given that there is barely any processing equipment nor buildings above the ground. These processes take time to build and start-up and year is a very short time in these projects. Even if you weren't in a middle of desert.
Expressed as an order of magnitude.... Market cap today as a developer: $10^8. Near future market cap as a Dasa single asset producer: $10^9. Distance future, growth driven, market cap as a multi asset producer: $10^10.
Bought more this last week at that heavily discounted price. 2026 is fast approaching and Uranium demand will soon be booming in light of all the NPP being constructed and planned
There can be no final decision until the DFC board meeting in December. It's a three stage process: i) credit comittee approval, ii) equity comittee approval, iii) DFC board of directors approval. We may or may not get updates at each phase. GLO did say they would provide an update to confirm the timeline, that's it. DFC = US Development Finance Corporation. They are the only bank other than possibly Export Development Canada tagging along. But the DFC decision is the only one that matters.
Without financing nothing else matters. 2026 will not happen without financing.The current funding raise hurt. Nobody cares about their progress. The question is: What are your plans to get financing? What is your plan B? Lack of visability sucks. After a while credibility becomes an issue. This is from a guy who has held shares for a long time. Really tired of the same old story.
How did it hurt? Were you forced to sell? Didn't buy? It certainly didn't hurt the private placement buyers who snapped it up, or the retail market buys who had the opportunity to purchase the shares that the PP unit buyers shorted into the market at ~$1.10/share before the PP close.
@@jptrainor You shares were deluted is the short answer, opportunity cost is the second answer. Mostly you are hearing my frustration, was hoping/expecting them to at least address the financing issue in this interview and give some color.
@@williambrown3102 Dilution was expected. Either equity is diluted by issuing shares to raise cash or the asset is diluted in a JV. The only open question is at what market cap that dilution happens. There is guaranteed to be at least one more round of equity raise to go, or Dasa doesn't get built. This is what investors signed up for.
