Geiger Counter Share Discussion Threads

[gardenarc] 18/3/2013 19:04

At $200 U would be cheap.

[p1nkfish] 18/3/2013 10:59

strange how there is mispricing in the wider equity market but some commodities are relative bargains now - unless I've missed something. Uranium should be north of $70/lb and still cheap then.

[energiser01] 18/3/2013 10:25

Patience the name of the game here...

USA Update -

Full story @


Construction has officially begun on a new reactor at the Vogtle power plant in Georgia. It is the second AP1000 construction to start in America this week.

Some 5350 cubic metres of concrete were poured to form the basemat for the nuclear portion of Vogtle 3. It will support the reactor itself and buildings to shield it and house fuel handling facilities and auxiliary equipment.

First concrete at Vogtle 3 came just four days after the same milestone at VC Summer 2 - the first of two AP1000s being built by South Carolina Electric & Gas. Westinghouse CEO Danny Roderick said it had been "a week of momentous progress in bringing a new generation of safe, clean reliable nuclear energy to the USA."

dyor etc..

[p1nkfish] 17/3/2013 10:57

worth a read and gcl hold some uec

[energiser01] 12/3/2013 16:30

Interesting read....general nuclear debate in Japan.

full story @


In Japan, two years after Fukushima nuclear accident, work resumes on new plant

OMA, Japan - At the remote northwestern tip of a snowy peninsula, beyond a small road of fishing shacks and empty one-story homes, 600 construction workers and engineers are building a brand-new nuclear plant for a country still recovering from the most severe atomic accident since Chernobyl.

The main reactor building is already at its full height, though draped in heavy fabric to protect it from the wind and freezing temperatures. A 500-foot crane swivels overhead. A completed power line stretches along a nearby ridge, where it might one day carry electricity down the peninsula and back toward the Japanese mainland - a place still fiercely divided over the long-term role of nuclear power.

dyor etc...

[p1nkfish] 08/2/2013 17:25

Another reason for short term supply tightness.

[p1nkfish] 03/2/2013 19:23

worth a listen and interesting about 75% of the way through.

[p1nkfish] 18/1/2013 07:48

starting to warm-up nic ely as a sector. buys at these levels can still lead to decent upside over 12-24 months imho dyor.

[energiser01] 17/1/2013 13:40

Update Paladin

Full rel @

Paladin Energy Ltd: Quarterly Activities Report for Period Ending-31 December 2012
PERTH, WESTERN AUSTRALIA--(Marketwire - Jan. 17, 2013) - Paladin Energy Ltd ("Paladin" or "the Company") (TSX:PDN)(ASX:PDN) is pleased to provide its Quarterly Activities Report for the three month period ended 31 December 2013.

HIGHLIGHTS
Record sales revenue of US$133.9M for the quarter, selling 2.78Mlb U 3 O 8 at average price of US$48.10/lb.

Record quarterly and annual production at both the Langer Heinrich and Kayelekera mines.

combined production for the December quarter of 2.191Mlb (994t) U3O8 is an increase of 13.6% on the September quarter and is the equivalent of 103.1% of nameplate production of 2.125Mlb U3O8 for the quarter.

total annual production for CY2012 of 7.946Mlb (3,604t) U3O8 is a 34% increase over the previous calendar year.

Record Langer Heinrich production of 1.419Mlb (644t) U 3 O 8 is an increase of 9.9% on the previous quarter.

record recovery of 87.4% versus design of 85%.

feed grades of 805ppm U3O8.

demonstrated ability of the project to produce well above nameplate at design of 800ppm feed grades.

further optimisation initiatives underway.

Stage 3 Bankers' Completion Tests successfully completed.

Kayelekera production of 772,280lb (350t) U 3 O 8 is an increase of 20.9% on the previous quarter and is an all-time quarterly record.

quarterly production at 93.6% of nameplate while remaining constraints in the resin-in-pulp circuit (RIP) are being addressed.

feed grades of 1,159ppm U3O8 (design is 1,100ppm).

consistently improved acid plant production continued to provide positive cost implications with reduced dependence on imported acid.

increased likelihood of securing low cost grid power to site within the year is progressing well.

Cost savings and optimisation initiatives continue successfully with total costs and unit production costs reducing at both mines.

FY2013 production guidance of 8.0 - 8.5Mlb U 3 O 8 remains well on target.

dyor etc..

[energiser01] 16/1/2013 14:43

A good summary piece from last year.



GCL also holds Cameco (8.3% of NAV 3rd largest holding) and Uranium Participation (7.6% of NAV 4th largest holding )

From UP website
Uranium Partipation is 100% Denison owned investment company.
Uranium Participation Corporation is an investment holding company which invests substantially all of its assets in uranium, either in the form of uranium oxide in concentrates ("U3O8") or uranium hexafluoride ("UF6"), with the primary investment objective of achieving appreciation in the value of its uranium holdings. The mission of the Corporation is to provide an investment alternative for investors interested in holding uranium. Denison Mines Inc., a wholly owned subsidiary of Denison Mines Corp., is the manager of Uranium Participation Corporation.

Could be some fireworks over coming months as this plays out..

Holdings as of 31st Dec 2012 factsheet.

dyor etc..

[energiser01] 16/1/2013 14:12

Fission Energy

A combined Fission/Denison, may just be enough to re-ignite Cameco's interest in the area, but again Rio T may be in play as Fission's land is an extension of Hathor lands.

Just how close are Hathor (aquired by Rio T after Cameco withdrew.) and Fission's interests, see below



dyor etc....

[energiser01] 16/1/2013 13:59

Update M&A activity - GCL held 2.5m Fission and 600k Denison Shares (a combined total of approx 3.5% of trust NAV as of 31st Sept 2012

Denison Mines to Acquire Fission Energy and Spin Out Patterson Lake

full rel @

TORONTO, ONTARIO--(Marketwire - Jan. 16, 2013) - Denison Mines Corp. (TSX:DML)(NYSE MKT:DNN) (NYSE Amex:DNN) ("Denison") is pleased to announce the signing of a Binding Letter of Intent (the "Binding LOI") pursuant to which Denison will acquire a portfolio of uranium exploration projects from Fission Energy Corp. ("Fission") including Fission's 60% interest in the Waterbury Lake uranium project, as well as Fission's exploration interests in all other properties in the eastern part of the Athabasca Basin, its interests in two joint ventures in Namibia plus its assets in Quebec and Nunavut (together, the "Assets"). Under the terms of the Binding LOI, Denison has agreed to offer shareholders of Fission 0.355 shares of Denison for each share of Fission held, conditional upon, among other things, certain assets of Fission being spun out to a new company ("NewCo") to be held pro rata by current Fission shareholders (collectively, the "Transaction"). NewCo assets will include, among others, a 50% interest in the Patterson Lake South ("PLS") property located in the western Athabasca Basin. The Transaction values the Assets at approximately $70 million based on the closing price of Denison as of January 15, 2013. Upon completion of the Transaction, shareholders of Fission will own approximately 11% of Denison.

dyor etc...

[philo124] 16/1/2013 12:25

Sold. GLA.

[gardenarc] 14/1/2013 19:20

Interesting points and posts.

[tonsil] 14/1/2013 19:09

love the nuclear waste innovation - very encouraging for the offspring

but shame we could not hang in to U 1 for the longer game

[gokelstone] 14/1/2013 19:07

should also be an interesting couple of weeks for lse: ura - jorc value to be issued soon. gcl own several % of ura

[strollingmolby] 14/1/2013 11:30

Thanks energiser,

Also briefly mentioned here in the context of an information leak:

[energiser01] 14/1/2013 11:24

Uranium One - No.1 holding at 9.7% of trust NAV as of 31/12/12.

Going to be taken private by ARMZ )if they get the votes reqd). @ 32% premium to 20 day av.....

Uranium One Enters into Definitive Agreement with ARMZ for Going Private Transaction for CDN$2.86 per Share in Cash
Board Unanimously Recommends Transaction

TORONTO, Jan. 14, 2013 /CNW/ - Uranium One Inc. ("Uranium One" or the "Company") today announced that it has entered into a definitive agreement (the "Arrangement Agreement") with JSC Atomredmetzoloto and its affiliate, Effective Energy N.V., (collectively "ARMZ") under which the Company would be taken private pursuant to a plan of arrangement (the "Plan of Arrangement"). ARMZ and its affiliates currently own 51.4% of the Uranium One common shares ("Common Shares").

Under the Plan of Arrangement, ARMZ would acquire all of the Common Shares that ARMZ and its affiliates do not already own for cash consideration of CDN$2.86 per share. The cash consideration represents a 32% premium to the 20-day volume weighted average price of the Common Shares on the Toronto Stock Exchange for the period ending January 11, 2013. The transaction provides total consideration to minority shareholders of approximately CDN$1.3 billion and implies an equity value for Uranium One of approximately CDN$2.8 billion.


Full Rel @

Short term boost to NAV, but means GCL and other shareholders missout on the med /longer term recovery, which obviously the biggest shareholder appreciates.....

dyor etc..

[energiser01] 11/1/2013 11:57

Interesting Article worth a read, about tackling Nuclear waste.



Start to solve some of the waste/by product concerns and it all helps the pro Nuclear story.....

dyor etc...

[p1nkfish] 20/12/2012 08:59

So much for German angst

[energiser01] 19/12/2012 20:42

I think its also starting to be clearer that jumping ship from nuclear energy is going to take some serious cash and not just cheap words. This article starts to show the potential costs involved.......



Dyor etc.......

[timtom2] 19/12/2012 15:19

Many predictions of increased Uranium pricing and demand from late 2013 onwards.

Demand predicted to outstrip supply and the market has taken Germany as a negative only to realise Germany are importing electricity from French nuclear and so just shifting demand. Not as much a demand reduction as the market priced in.

The Japanese dumped uranium on the market during the shutdown after Fukishima so depressing the price only to look at a re-start of Nuclear and have to replenish what they dumped + some for the future.

The miners took supply off the market due to low price of the product because of the above and thereby restricted future supply.

The result could be a sizeable pop-up in the uranium price with increased demand and tight supply.

The uranium price is nothing in the total cost of running a plant so the price can rise considerably without a noticeable impact on electricity cost.

Also factor in the reduced supply due to warhead recycling winding down.

Biggest market is the US and they import 90%+ of the Uranium they need.

Look for some turbulence in GCL but ultimately higher share price over 12-24 months.

[energiser01] 18/12/2012 12:42

Japanese pro nuclear gov elected
trade tech indications are u price rising $44 to 45 this week.
Paladin strong overnight - think this was on the back of a broker upgrade

dyor etc..

[philo124] 18/12/2012 11:46

Why the exaggerated rise?