Geiger Counter Share Discussion Threads

[shavian] 21/8/2016 08:55

Drilling update from Fission Uranium (FCU):



FCU reports good progress with 2016 Summer drilling programme, linking up two of the zones to the west of the Triple R deposit and not included in the present MRE. Also proving up the eastern extension under Paterson Lake.

I recommend a viewing of the PLS Animation on the FCU website, which terminates with a flythrough of the proposed open pit which involves damming the lake.

I'm surprised at the lack of reaction to this news on Thursday, given the big spike which Purepoint received in the previous week from Nexgen's strike on its claim boundary. Maybe this week will wake it up. All good stuff for GCL which holds all 3 companies in its top 10

[dogberry202000] 17/8/2016 13:06

Replace xx with tt.

hxxp://www.world-nuclear-news.org/C-Fifth-Japanese-power-reactor-restarted-1208164.html

[shavian] 16/8/2016 19:06

Apologies: I keep calling Purepoint PPU, it is of course PTU.

And it's flying again today - up 13% so far. Topped up GCL again this morning. NAV over 24p again.

[my retirement fund] 15/8/2016 18:17

Starting an accent on rising volume.

[shavian] 14/8/2016 07:49

Aha! Update on post 1512 re Purepoint's 40% rise in the week:



So, PPU know of no obvious reason for the volume, BUT Nexgen made a strike 150m from the claim boundary, so this was just speculative buying. And which company is GCL's biggest holding? NEXGEN.
Dogberry's point about the management of GCL is very well made!

Edit: Here's what all the fuss is about at Nexgen, follow the link to a wonderfully detailed news release on their new Harpoon discovery just across from PPU's Spitfire project, and along the same corridor as Fission's PLS 'monster'. Very exciting stuff.



All three companies feature in GCL's top 10. You might say that GCL 'has all its ducks in a row'!

The real geeks among us might like to look at the monthly Athabaska Basin summary newsletter of all the regional projects published in the news section of the PPU website. Looks to me like GCL has the cream of the crop, available to us at a near 30% discount. Although I own and very much like FCU, it seems daft to spray money around the individual companies when GCL's management seem to be doing a brilliant job in spraying it around for us!

[my retirement fund] 13/8/2016 23:19

Hmm they wouldn't have taken them if they didn't think they could sell them on for a profit !

[shavian] 13/8/2016 17:46

With £120k+ sales and zero buys on Friday I wouldn't be surprised to see a markdown by the mm 's on Monday -an even bigger bargain.

[dogberry202000] 12/8/2016 20:11

Reading through the half yearly report, it is hard not to be impressed with the managers choices and scale of GCL's holdings. I realise that there have been some ajustments since then, but I get the impression things are on a hair trigger here. Once GCL gets going it will be already too late to get in at a bombed at level. One of their well managed Canadian minnows, Kivalliq Energy Corp, went up this evening nearly 22% on just 5000 shares traded. You need to see much bigger volume then that for price action to be valid but it shows how a miniscule number of shares can affect prices in these Uranium companies.

I added a few today to round out my holdings. It will be sitting tight and doing nothing from now on, regardless of what happens to GCL in the near to medium future.

[my retirement fund] 12/8/2016 16:56

Wow NAV breaks 24pence for the first time. Trading on a discount 30%.Totally nuts !

[dogberry202000] 11/8/2016 22:12

Great links, Shavian. And there was some interesting price movements tonight in North America with several uranium stocks.

[shavian] 11/8/2016 14:59

Great piece of quarterly metals research from Cantor Canada:

"Uranium flatish as price violence coils like a spring"



Worth ploughing through the annexes to find updates on Nexgen and Fission - both buy recommendations

More news of two of GCL major holdings:

*Idiot's guide infographic on Paterson Lake South project from Fission Uranium (FCU) - worth watching



* 40% rise in share price of Purepoint Uranium in Toronto today - can't find a reason why yet.

All makes GCL look very good value IMHO

[dogberry202000] 10/8/2016 11:28

Given the sales yesterday and today maybe you might get your chance to get in, Laptop. When Uranium blows every two dollars to the bottom line of good, North American companies provides the leverage needed for GCL to explode in price. When? I don't know and there may be a few weeks or months yet to go. But the important thing is to be positioned.

[laptop15] 09/8/2016 08:54

Cheers guys for your help looking here every day now and very eager to buy in might try and get in at 16p :)) think this fund going to do great!!

[my retirement fund] 06/8/2016 09:07

Shavian is right. The way to play this is to average in over several months imo. Then hold and dont let go.

[dogberry202000] 06/8/2016 00:38

I think you are right, Shavian. Today's price action shows that the cheap shares have been bought up. There's no point in waiting for lower levels. I accidently added some of these some days back when in a half conscious state in the heat of Fiskardo, in Kefalonia, I thought, "the price has got ahead of itself" and then unconsciously pressed the buy button for 10k at 19.35p! I've never done that before! Sure, with the fall in price that followed I literally threw £300 out the window but I rationalised this with the thought that anything under 20p is going to be a good buy when GCL really gets going. Still, the lesson is never open your trading platform when still frazzled by jet lag under the soporific heat of a Greek sun!

[shavian] 05/8/2016 17:28

I'd be disinclined to wait for a much lower price than this. The fundamentals of U3O8 are compellingly good: 300 reactors under construction or in planning, stocks of weapon-grade plutonium almost exhausted, many mines shut down over the lean years. Perfect storm for increased demand over supply. The metal is an insignificant part of the cost of nuclear power, so the price could easily quadruple without dampening demand. Just wonderful for the miners and aspiring miners. Meanwhile GCL seems to be entering and ascending channel, and we are near the lower edge. I've just topped up again at 16.5p and am very happy with that. DYOR! NAI

[dogberry202000] 05/8/2016 09:37

This got down to around 13p or so a couple of months ago and the institutions piled in and added to what they already have. Miton, for instance, have been a big holder here for years. I had no spare funds so couldn't take advantage. But I'm happy with my holdings, most of which were bought around the 14-15p level but I've since been happily adding at higher levels too. I own some Denison and Cameco in North America and I'm underwater with those, most holders are but I'm happy to hold. When uranium does "come good" it will probably give gold and silver more than a run for its money.

[laptop15] 05/8/2016 09:20

Cheers dogberry, yes uranium is going to come good soon alright and here could be a great place to be when it does :))Just trying to catch the right buy in price....maybe 14p if i get lucky ;-)

[dogberry202000] 05/8/2016 09:09

Good luck, Laptop. I was tempted by BKY at around 13p but didn't buy. GCL is a remarkable investment with great holdings. Uranium companies are probably bottoming out but this fund also holds a minority holding of PM metals, too. The time-line needs to be one to four years out. Hopefully things will turn in this second half of the year.

[laptop15] 05/8/2016 09:00

Thanks Shavian, your views are appreciated. Your plan sounds a good safer way to build profits without getting too deep in water. I agree the junior resources is very volitile and an RNS can make or break a company sometimes more than the actual fundamentals.Was invested in BKY then i recently sold as made 110% profit so thought i was enough for now. Then i heard about GCL and that they were also invested in BKY and other companies so thought maybe this was a safer type of investment instead of having all your eggs in one basket.So I'm looking to buy in here soon when price seems right!

[shavian] 03/8/2016 07:59

Laptop, I don't set myself rigid targets, I tend to buy and hold when the fundamentals are right, and trim back if the price has run away with itself until things cool down. That's especially true in these junior resource markets where sentiment ( often ill-informed) can get a bit febrile.Right now the fundamentals are so right for uranium, and the metal price is so low. I'm therefore stocking up on GCL and a few specific U3O8 stocks like Fission, which has a massive potential resource at PLS and active newsflow on its summer drilling programme. I don't 'bet the farm' but buy sparingly on the dips. Good luck.

[my retirement fund] 03/8/2016 00:10

The fee is taken from the nav and not the underlying share price that you buy or sell at.

[tonsil] 02/8/2016 23:17

Buy and hold for a year for a double. Hold four years for a five nagger.