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Geiger Counter Share Discussion Threads
Showing 1876 to 1899 of 1900 messages
|Closing shareprice circa 10% below NAV.|
|My buy showing as a sell|
|On 13th February,
Cantor Fitzgerald issue Broker Note on uranium major Cameco and UPGRADE their recommendation from Hold to BUY and significantly INCREASE their PRICE TARGET by 10% on Cameco to $16.90.
This will further support and boost share prices for other uranium producers.
More positive news for the sector.
And more positive news for Geiger's portfolio where the current discount to NAV of some 10% still remains, in my view, significantly behind the curve.
ALL IMO. DYOR.
|With this amount of new plants they will need to stockpile a large amount if they do not want to send the price through the roof.
Presently there is not enough uranium being mined for the present 450 plants never mind the 150 new plants being built.|
|Wonder when China will not need to import uranium?
China has stated it intends to become self-sufficient not just in nuclear power plant capacity, but also in the production of fuel for those plants. However, the country still relies to some extent on foreign suppliers for all stages of the fuel cycle, from uranium mining through fabrication and reprocessing, but mostly for uranium supply. As China rapidly increases the number of new reactors, it has also initiated a number of domestic projects, often in cooperation with foreign suppliers, to meet its nuclear fuel needs.
The national policy is to obtain about one-third of uranium supply domestically, one-third from Chinese equity in foreign mines, and one-third on the open market. Increasingly, other stages of the fuel cycle will be indigenous. Uranium demand in 2020 is expected to be over 11,000 tU (with 58 reactors operating), in 2025 about 18,500 tU (for 100 reactors) and in 2030 about 24,000 tU (for 130 reactors). UxC reports that China imported over 115,000 tU over 2009-14, notably 25,000 tU in 2014 and 10,400 tU to July in 2015. With annual consumption currently about 8000 tU, much of this will be stockpiled.|
|I wonder how those wise guys, who were boasting that they had sold a few weeks back, feel now? "Well into bubble territory" they claimed. LOL.|
|looks like a breakout to me, read an article from a fund manager last year about GCL who said that it was the most undervalued stock in his fund which led me to buy a few .|
|Got the first buy of the day at under 32p. May trade it, though I love the long term story|
|Really useful link, Bonnard. I like this fellows analysis.|
|Looking great for us.
If anyone is interested I have a chart of progress on trading view.
All the best.
This video talks about what happened to Denison, Cameco and Paladin in the last Uranium bull market.|
|Also Uranium Energy +5.2%|
|Thought about topslicing at 31.66 but can't see anything I prefer the look of. If we can consolidate above 30p and if the seller has gone then sentiment will change rapidly.|
|Today at 16.15hrs
Cameco + 4%
Denison + 3%
Energy Fuels + 7%
... and GREAT for Geiger with their rapidly augmenting NAV !!
ALL IMO. DYOR.
|Good rise today. I realise that it's "amateur hour" on the US markets but the uraniums are again showing healthy rises thus far today.|
|nav at 35p now..|
|pretty strong here today, looks like it wants to break out..north of 34p would be pretty interesting indeed..|
|Thanks QP. I think China and air pollution will drive this. The Chinese can build reactors quickly and will do so. Quite why it takes us 20 years is a mystery.I'd like to see the share price past 32 before cracking open the champagne, but the MMS are moving it up on most buys, so maybe the seller has gone.|
|Thanks, QuePassa. I wondered when then next update would happen.|
|Looks like that "bit of resistance" has been overcome. It's really going for it this morning!|
|Just spotted the latest January 2017 FactSheet for Geiger Counter Limited on the NCIM (New City Investment Managers) website.
Some pretty positive facts and statements in the Investment Management Comment section of the Factsheet.
Well worth reading.
My main take-away points:
1. Trump positive / more supportive for uranium including reducing subsidies potentially for renewables.
2. EDF approve restart of 7 reactors
3. Chinese air pollution worries
The full report can easily be found on the NCIM website.
ALL IMO. DYOR.
|Seems to be a bit of resistance around the 30p mark, but once we get past that it's all blue sky|
|Cantor Fitzgerald are forecasting (as at 6th Feb 2017) the following spot prices for uranium in their Quarterly Outlook:
2017 in US$
Let's trust they have got it right. I think they do.
ALL IMO. DYOR.
|Should have another lift tomorrow.|