Geiger Counter Share Discussion Threads

[masurenguy] 08/1/2017 09:13

Cheers Shavian - it is also worth noting the following points.

1. The company has the vast majority of its investments in assets located in politically stable countries.
Canada..........70.6%
Australia........15.1%
USA.............. 4.2%
Spain............ 3.2%
Sub Total......93.1%

2. 95.2% of the company's investments are in companies quoted on a recognised stock exchange.

3. The company is authorised to buy back its own shares for cancellation at a price not exceeding a premium of 5% of the closing mid-price on the date that any such buyback may be approved.

4. The company has no employees. No pension contributions are payable for the benefit of the directors.

5. The company has 75,584, 492 shares in issue. All of these shares were issued between July 2006 and July 2007. No further shares have been issued since then. The consolidated average price when all those shares were issued was 72.8p. The mid-point shareprice at Fridays close was 23.125p which represents 31.5% of the average initial issue price.

[shavian] 08/1/2017 08:28

It's worth noting that in the last uranium price spike in 2011, GCL briefly enjoyed a NAV of around 200p, with the share price not far behind. Lots of scope for improvement for the patient investor here

[shavian] 08/1/2017 08:24

Stupendous day on Friday. Canadians on a roll for uranium at last, and in Europe BKY is commencing construction of an actual mine ( rather than a 'jam tomorrow' project).



GCL has a rather modest stake in BKY, so I bought some myself last week.

[masurenguy] 06/1/2017 17:12

Last U308 spot price (delayed 72 hours) was $20.25 on January 2nd, up 8% over the prior 2 weeks.

Uranium Prices Steady in December, Market Participants Look to Better 2017
December 21, 2016

Uranium prices have seen a modest increase over December, adding $0.50, but the commodity is closing the year with a significant loss. Uranium is approaching year-end at $18.75 per lb., compared to the beginning of 2016 when it was trading around $35.00 per lb. This steep annual loss came despite some optimism heading into 2016. Analysts have said that the bullish case for uranium remains intact, it is just taking longer than expected for the commodity to see its market demand fundamentals improve.

The major dark cloud hanging over the market has been the Fukushima disaster, which originally put nuclear development plans around the world on hiatus. It has taken longer than expected for Japan to restart its nuclear plants, but a move in the right direction, late last week Russian state-controlled nuclear corporation Rosatom signed a memorandum of cooperation for the use of nuclear energy with two Japanese ministries. Cooperation will include post-accident recovery at the Fukushima plant. The cooperation will also include exchanging resources and ideas to promote nuclear technological advances. This latest agreement follows a 2009 agreement inked between the two countries for joint-cooperation on uranium exploration and mining, the design, construction and operation of light water reactors, radioactive waste processing and management, nuclear safety, and other technological advances.

2016 was an interesting year for the energy sector as a whole, and a big development was that it became apparent how important nuclear energy is to the sector. A rapid cutback in coal mining in China as the country pushed forward with its plans to reduce emissions sent coal prices on a steep ascent with supplies dropping, but demand failing to see an equivalent descent. This development made it apparent just how important it is for countries to diversify their energy supply as they reduce their coal use. Nuclear power is widely seen as one of the most promising alternative sources of energy to coal. Over the long-term, this should support the market, but in the near term nuclear developments are taking longer than expected following the Fukushima disaster.

[tromso1] 06/1/2017 16:29

Strong finish by the looks of it.

[anthony16731] 06/1/2017 11:26

Multi year breakout & long term 200MA gone too. Folk are going mad for Uranium stocks on TSX which is quite handy for GCL.Share price here hit 130p when U308 was last at $50 so this is a great play for anybody interested in tracking Uranium prices and has a bullish view of those.Floor needs to be in sometime.

[masurenguy] 06/1/2017 09:20

Moving up on quite small trading volumes.

[quepassa] 06/1/2017 09:14

I personally believe that uranium has now truly bottomed.

It seems to me after so many years in the doldrums for uranium that the pluses for the upside case now certainly outweigh the minuses.

Some of the price forecasts from a whole array of analysts are very buoyant.

A well-balanced article on Bloomberg today.




ALL IMO. DYOR.
QP

[masurenguy] 05/1/2017 17:43

NAV up by a further 2.7% since yesterday. The NAV over the past 4 weeks has increased by 26.6% where as the shareprice has only increased by 11.9% over the same period. The shareprice at todays close represented almost a 20% discount to NAV.

[dogberry202000] 05/1/2017 01:26

I'm just being greedy,Shavian. As you will have noticed there's been some decent appreciation in the North American miners today. Augers well for GCL tomorrow and for the next several weeks. UUUU looks to have broken out.

[shavian] 04/1/2017 19:05

What? Doggers you should have loaded up when you had the chance!

[sideshowbull] 04/1/2017 18:43

Been away, U308 spot over $20 is really positive, Uranium seems a no brainer for the future(been saying that since 2006 so WTFDIK)!

I am in a few apart from GCL -namely URA and BKY.

Think it is our time now. Anyone want to open my eyes to a few In Situ recovery play minnows that I have not spotted only interested in ISR at the moment.

sideshow

[masurenguy] 04/1/2017 15:35

Quite a bit of volume today with the NAV up by a hefty 4.8% since yesterday.

[dogberry202000] 04/1/2017 13:08

Goodness gracious! I was hoping this one would go down and not go up! I wanted to pick up more shares from discouraged investors. I blame Shavian for drawing attention to GCL! It was bad enough that someone from Miton drew attention to this one a few weeks ago. ;)

[dr know] 04/1/2017 09:07

Shavian, you are not talking to yourself.

I bought some and am following this one. My objective is that it reaches 60 in the next three years as the next round of supply contracts are renegotiated and the new Chinese reactors come on stream.

[shavian] 04/1/2017 08:54

NXE up 7.7% yesterday, FCU up 4.7% , NAV up a bit, so the MM keeps walking the price down. WTFIGO? Thanks MMs for giving us longer to top up. 2017 will be the year of recovery for U3O8 and its miners. It's just that we don't yet get it this side of the pond.

[shavian] 30/12/2016 08:13

Watch out for a further rise in NAV. New optimism blowing through the uranium miners this month. Further rises in NXE and Purepoint yesterday.

[shavian] 25/12/2016 00:50

Thanks Steve, I thought that by capitalising the H of Http the link became readable. It worked before. Strange. Happy Christmas all.

[netley lucas] 24/12/2016 02:17

Nice chart mate, have a good one ;)

[steve73] 24/12/2016 02:04

Keep it up Shavian. I'm sure others appreciate your research, as do I.
Xmas wishes to all who venture here..

...edit..

Strange that your links are not "clickable".... but I've copied them below - and now they seem OK...?

[shavian] 23/12/2016 19:25

Me again (groan): Uranium investing News forecasts the top 5 uranium investments for 2017, including:- Cameco- Uranium Participation- Nexgen3 out of 5 can't be bad! And a rising U3O8 price too!Great tidings of goodwill for GCL!!Http://investingnews.com/daily/resource-investing/energy-investing/uranium-investing/uranium-outlook/?mqsc=E3863637

[shavian] 22/12/2016 08:40

New presentation from Nexgen.Http://www.nexgenenergy.ca/_resources/presentations/corporate-presentation.pdf

[shavian] 22/12/2016 08:22

Further stonking drilling results from Nexgen:Http://www.nexgenenergy.ca/news/index.php?&content_id=269Looking forward to a big rise in NAV over the next few months as the demand for U3O8 builds up