Geiger Counter Share Discussion Threads

[energiser01] 09/7/2013 11:49

Japan Update

Article @ hxxp://world-nuclear-news.org/RS-Ten_Japanese_units_go_for_restart-0807137.html

Four Japanese utilities have applied to the country's nuclear regulators for permission to restart ten of the country's 48 non-operating nuclear reactors. Tepco is not one of them.

Utilities had been waiting for the Nuclear Regulation Authority (NRA)'s new regulations to come into force before submitting applications to restart reactors idled over the months following the Fukushima accident of March 2011. The units covered by the applications are Kansai's Takahama units 3 and 4 and Ohi units 3 and 4; Hokkaido's Tomari units 1-3; Shikoku's Ikata unit 3 and Kyushu's Sendai 1 and 2. Kyushu expects to submit applications for Genkai 3 and 4 on 12 July.

All but two of Japan's 50-reactor fleet have remained closed following the natural disaster of 11 March 2011 that struck Tepco's Fukushima Daiichi. Only two units - Kansai's Ohi 3 and 4 - have been allowed to resume operations to help meet power demand in the Kansai region. Ohi 3 and 4 are set to continue in operation until September when they will enter their next scheduled maintenance outage.

The new regulations require nuclear operators to show that their units are prepared for extraordinary external events comparable to the 2011 natural disaster.

Tepco's seven-unit Kashiwazaki Kariwa plant in Niigata was the only one of the company's three nuclear power stations unaffected by the March 2011 tsunami. On 2 July, Tepco announced that it would be applying for permission to restart units 6 and 7 as soon as the new regulations were final. However, following meetings on 5 July where the company failed to win the support of local officials, Tepco has decided to delay.


dyor etc...

[gardenarc] 17/6/2013 20:53

Good post jonno1 very interesting.

[p1nkfish] 15/6/2013 19:51

hxxp://trib.com/business/energy/uranium-one-laying-off-employees-in-wyoming/article_cbcb6db3-c672-5885-a91c-7db4758e4c67.html


Low uranium price impacting employment and future supply.
I think GCL will approach 25p at this rate.

[p1nkfish] 11/6/2013 08:08

spot uranium less than 40 and more weakness possible on low spot demand. Not bottomed yet? Sub 25p posible.

[energiser01] 07/6/2013 14:20

Update - Rockgate Capital (2.4% of NAV as of 31/3/2013)

More M&A activity - looks like a positive step for both companies.

hxxp://www.marketwire.com/press-release/mega-uranium-rockgate-capital-announce-proposed-merger-create-diversified-uranium-company-tsx-mga-1799111.htm
dyor etc..

[strollingmolby] 05/6/2013 15:00

Could well be bottoming, though as ever the price is linked to the price of uranium and an unknown quantum of discount to NAV.

The results issued today contain cautious optimism re news from Russia and Japan - so we shall see.

[defcon3] 01/6/2013 13:37

Any thoughts as to whether this is the bottom here?

[energiser01] 28/5/2013 17:18

Update Silex

GCL did have a holding at one point, not sure if its still in the portfolio.

http://www.proactiveinvestors.com.au/companies/news/43518/silex-systems-looks-to-bank-15m-after-success-at-global-laser-enrichments-facility-in-wilmington-43518.html

dyor etc..

[tonsil] 08/5/2013 11:04

There is a thorough review of the U market over on seeking alpha titled "Uranium's dirty little secret". It is very long but well worth reading for an understanding of where we are in the price cycle.

[energiser01] 01/5/2013 16:57

Update Cameco. 2nd largest trust holding @ 11.2% at the end of march 13.

Results as expected. share price reaction muted, bit like the market generally.

Full release @

Cameco reports first quarter financial results
SASKATOON, SASKATCHEWAN--(Marketwired - May 1, 2013) -

•strong first quarter production
•first quarter financial results as expected
•at Cigar Lake, continued progress towards first production in mid-2013
•completed the acquisition of NUKEM Energy GmbH
•the government of Saskatchewan announced changes to the provincial royalty system to encourage continued investment in Saskatchewan's uranium mining industry
Cameco (TSX:CCO) (NYSE:CCJ) today reported its consolidated financial and operating results for the first quarter ended March 31, 2013 in accordance with International Financial Reporting Standards (IFRS).

"Our results this quarter are consistent with what we had projected," said Tim Gitzel, president and CEO. "Deliveries from our uranium segment and revenue from Bruce Power were low, and resulted in lower net earnings.

"We remain on track with our annual outlook, and have increased our focus on streamlining and efficiency in order to remain competitive in today's uncertain environment.

"We are confident in the future growth for the industry, but also know the importance of being responsive to current market conditions by taking action today to remain a profitable, low cost producer for years to come."

dyor etc...

[sideshowbull] 23/4/2013 20:54

GCL may be getting a boost soon.

Their 5.5% stake in URA - Uranium resources plc:

Maiden JORC expected before end of month!
The deposit has been geared towards in situ recovery which as I am sure you all know signicantly decreases the cost of production (currently production costs of about $20 per lbs of resource).


If you know the racket then facts:

URA
- has identified multiple roll fronts over mutilple tiers
- in situ recovery (only way to go these days)

Check out the URA thread and please comment as this is a play that will make GCL a huge profit IMO



All in my own opinion
Sideshow

[p1nkfish] 29/3/2013 18:43

possibly worth a watch, outlook etc

[tonsil] 21/3/2013 10:51

5. That the Directors be and are hereby authorised to issue up to 124,415,508
ordinary shares in one or more tranches over the period from the date of the
Annual General Meeting held in 2013 up to the date of the Annual General
Meeting of the Company held in 2014, at a premium over the net asset value
per share and that such issue(s) of ordinary shares is approved in
accordance with Article 7.1 of the Articles of Association of the Company
and generally.

[p1nkfish] 21/3/2013 08:35

yes, thanks tonsil. dare i admit i only just read them. interesting times.

[gardenarc] 21/3/2013 08:07

Well spotted side..

[tonsil] 21/3/2013 08:03

maybe as assets are so cheap they want to pile in
anyway read the AGM summary it was the main item of business

[p1nkfish] 20/3/2013 21:38

why should there be?

[tonsil] 20/3/2013 21:11

just read the AGM statement partic the 124million new shares at a a premium over asset value. rights issue imminent?

[sideshowbull] 20/3/2013 20:34

At last recorded check GCL have about 3.5% of their holding in URA.
Maiden JORC due any day let's see if they like the results and story...

[p1nkfish] 20/3/2013 20:06

came across a nuclear power ad on a wsj video article today:

[p1nkfish] 20/3/2013 06:54

Butterfly wing beat in Africa.
Will it cause a hurricane and if so where?