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Geiger Counter Share Discussion Threads
Showing 1676 to 1698 of 1700 messages
|This is doing surprisingly well considering the U308 price is continuing to fall.|
|This will have gone from a 40% discount to nav to a premium to nav
be-jeez, did one magazine tip do this LOL
my retirement fund
|More good grades from FCU. Yet the share price keeps dribbling southward....hTtp://fissionuranium.mwnewsroom.com/Files/14/146ba006-3689-4f59-8518-3ee4f6540947.pdf|
|Thanks Shavian & Dogberry - some good discussion going here.
The only problem buying GCL vs. the individual stocks is a fairly wide spread. For me, this is my first foray into Uranium (I've previously been an oily guy!) so the attraction for a package in a single buy makes sense, especially for a ltbh.
I've been trying to diversify away from oil, but keep coming back to resources (at this low point in the cycle) and energy in general for the long term.
I was introduced to CYN about 6 months ago, and then bought GPM for some gold exposure about 3 months ago. Currently all 3 are doing OK..|
|Going slightly OT, please bear with me, we uranium investors are presumably interested in nuclear energy. If so, we should perhaps be aware of a potentially critical supply shortage in another strategic material, high quality graphite. The coming trend in small nuclear reactors, including the projected "pebble bed" reactor will use "pebbles" of uranium coated in micronised graphite with purity levels exceeding 99.9%. There's plenty of ordinary graphite around (so we don't run out of pencils) but this large-flake graphite is much rarer, and is also in demand for lithium batteries, where the graphite content is many times higher than the lithium.
For those interested, the emerging high quality graphite suppliers seem to be Canadian. Have a look at Northern Graphite, Canada Carbon and Great Lakes Graphite for starters. The emerging technology around graphene is an extension of all this, and a UK company to be aware of here is Versarien (VRS). Disclosure: I have (very) small holdings in all of these out of curiosity in this emerging sector. Again, my apologies for going off-track, but it's all tied up with the future of Uranium imo.|
|Yes, Shavian, that's why I also hold some GCL - it includes Nexgen, Fission, Purepoint, Camaco, etc. They own some of the best of the uranium miners. Thanks for sharing Greenland Minerals. I'll look into them but I'm maxed out with everything else at present.
Good luck to you and everyone else who have bought in here with GCL.|
|Oh, I forgot another one I hold. I had bought some Greenland Minerals years ago for the Rare Earths but it is now recovering on the strength of uranium, having been cleared to mine it by the Greenland authorities.|
|Hi Dogberry. Thanks for this good post. The supply bottleneck is becoming more obvious, exacerbated by the drying up of ex-cold war weapon-grade plutonium.The key to North American supply clearly lies in the west of the Athabaska basin. You have mentioned Cameco, Fission and Geiger Counter's biggest holding, Nexgen. There's also Purepoint Uranium, next door to Nexgen. All of these seem to be coming back to people's notice. I was about to buy Nexgen and Purepoint to add to my Fission when I realised I could buy the lot in one discounted package with GCL, so I'm building up my stake here. Good luck all.|
Cameco Corp, Denison Mines and some Energy Fuels Inc..
I read an interesting 40 page report written last April by Rockstone Research who worked with ALX Uranium, the company that did a 80% ownership deal with Denison over the prospective Hook-Carter property last week. The property is close to the major discoveries by Nexgen and Fission. Cameco also have a property nearby.
One of the most interesting points is that although Uranium shortages are expected in 3 years (from April ) the lead-in times for contracts that need to be signed are far shorter at 18 months or so. This is because it takes this long to create the fuel rods for the reactors. As you know, the costs for buying enhanced uranium are relatively small in comparison with the overall running costs of running these plants. Yet officials must have secure supplies of enhanced uranium fuel, with some contracts taken out over time-scales as long as ten years. Contracts signed in 2007-8 are running out between now and next year. New contracts will be signed over the next year and a half. But uranium suppliers like Cameco will not enter longterm mining contracts for less than it costs to mine.
Once the uranium reserves currently finding their way into the market run out, the officals running these plants will be increasingly anxious to secure longterm supplies well before enhanced uranium becomes difficult to source. For the plants it increasingly feels like a "Mexican stand-off".|
|U mining is still highly political as this article shows. I wonder how this plays into the very slow price recovery?
|Bit of a potential setback for U308 over the weekend with an anti-nuclear politician being elected to a significant regional post in Japan, which may further slow down the re-opening of nuclear plants post-Fukushima. However, small beer alongside China's nuclear ambitions.Dogberry, which are your other uranium stocks? I just hold Fission.|
|Shavian, I agree. The new holders buying in here will do well as we go forward. I sold a few to balance my metal holdings but still retain a largish position, for me, in this one. I also have positions in three other Uranium stocks.
Market leader, CCJ has bounced well from its bottom a few days ago and there were some interesting stirrings in several Uranium stocks tonight over the water. I suspect we won't have to wait too much longer for a the long awaited move up in Uranium. I'd say next year could well be a humdinger for U308.|
|More to come, methinks. I'm holding, but got enough for now.|
|Indeed I've taken profits|
my retirement fund
|Discount not so tasty now!|
|Big tip in Money WeekBest IT with deepest discount.|
|Volume way up, all of a sudden. What's occurrin'?|
|GCl has about 41m shares in URA BTW.|
|Nice one Steve, good to see a few of us Uranium bulls still here.
|Hi all - I recently created a new thread for this IT with uptodate info and charts, etc. Pop over there in future. Cheers.|
|yeh, invested today with a 2/3 year view.|
|Makes sense. Miton have long been a holder of GCL and added over the last few years. They have strong faith in this closed end fund. Good day today!|
|It was recommended/tipped by Nick Greenwood (Miton Global Opportunities) in this weeks Money Week magazine (out today) .... as a trust having "most potential".
In a nutshell .... not enough Uranium been produced in the world to support the 450 nuclear reactors, let alone the 150 being built .... at the moment Japans stockpiles are been used, pointing to a massive spike at some point.|