Geiger Counter Share Discussion Threads

[quepassa] 19/1/2017 16:05

Cameco back up 9% at time of writing.

Market realising that a not unsurprisingly poor 2016 does not reflect or impact in any way on the significantly enhanced future prospects of Cameco and the uranium sector.

I didn't buy Cameco for their 2016 results. I bought Cameco for their 2017, 2018, 2019 and 2020 prospects .......

Ditto Geiger Counter.


ALL IMO. DYOR.
QP

[mad foetus] 19/1/2017 15:47

Yes, everything up in US, good entry point IMO

[kristini2] 19/1/2017 15:35

just bought back in 30000 showing, having sold yesterday at 28.75-looks like the uranium ETFs i'm following are moving up........

[essential] 19/1/2017 12:46

Just bought back in - buys showing as sells on advfn

[quepassa] 19/1/2017 12:35

This is the reason that the market fell back yesterday.

Cameco told analysts that they were expecting too much for the year ending Dec 2016.





Be that as it may, 2016 was a dreadful year for uranium prices and perhaps Cameco's figures would naturally be expected to reflect this.

But surely the question is the FORWARD/FUTURE expected prices of uranium U3o8 which has rebounded strongly from $18 in December to $22.50 today - and that it what is driving the investment case for uranium stocks.

It's the OUTLOOK and increasing future demand which are the key drivers in my view, not 2016's results.

ALL IMO. DYOR.
QP

[kristini2] 19/1/2017 11:10

nav could drop below 30p today....

[quepassa] 19/1/2017 09:54

Agreed. Handsome buying opportunity.

ALL IMO. DYOR.
QP

[maverick247] 19/1/2017 08:57

Rebought at 25.82 didnt expect to get that again, got some more powder for this too

[masurenguy] 19/1/2017 08:28

Closing NAV dipped 3.5% to 31.46p. Discount to NAV this morning is now back to 15%.

[shavian] 18/1/2017 19:00

Oops, sorry, forgot to paste the link!

[shavian] 18/1/2017 18:56

Follow the link below to a CDN$ 3 million funding package for Kivalliq Energy, which formed 2.1% of GCL's portfolio at the last interim report. Significantly, $1 million is an investment by growing royalty company Sandstorm Gold (SSL:TSX) in exchange for a 1% NSR. AFAIK, this is Sandstorm's first uranium investment among 133 royalty streams and equity holdings in companies such as MARL. Both parties worth watching from now on. I hold SSL.

[kristini2] 18/1/2017 18:34

if so Shav my sell will be well timed, may re enter lower down

[shavian] 18/1/2017 18:25

I doubt it, as our NAV is bound to be down tomorrow. Patience is called for.

[kristini2] 18/1/2017 17:26

uranium ETF falling today 6%, and Cameco down 13%- i took profits early at 28.75 so it will likely bounce tomorrow .....

[shavian] 18/1/2017 14:39

Apologies QP. In fact it was about 50:50 yesterday, bringing our NAV down a bit.

[quepassa] 18/1/2017 11:36

I am not obsessing over minutiae - and I disagree that most prices were down.

I saw Cameco, Denison up and UUUU.

QP

[steve73] 18/1/2017 08:28

One good thing about the relatively large spread here is that it keeps the short-term traders away. I suspect most here are in for the long haul and so we don't get as much extreme views or "noise" as many of the more active threads seem to "enjoy".

[shavian] 18/1/2017 08:20

In fact, most of the Canucks were down a bit yesterday QP. NXE, FCU, ISO all down 1-2%, only Purepoint on my list was up. U was down a bit as a result, so I expect to see our Own NAV take a breather today. What the hell, we all all obsessing over minutiae now. Relax, uraniums going off to the races.

[dogberry202000] 18/1/2017 08:11

Shavian, I had thought around 25p but there is a lot going on this week, so it's doubtful. If it gets close I'll rebuy some. I rebought some US holdings instead but still retain a good core position in GCL. Cameco had a setback last night with results out and the shares sold off after hours.

[masurenguy] 18/1/2017 08:06

Last nights NAV of 32.6p represents a 44% increase since the beginning of this month.
Last nights discount to NAV was 9.1%.

[quepassa] 18/1/2017 08:04

Uranium stocks up again a little yesterday in US / Canada.

Positive momentum in portfolio holdings continues to be encouraging.

ALL IMO. DYOR.
QP

[my retirement fund] 17/1/2017 23:33

Yea I can really see that, being forced to sell. What do you suppose happened? Burglars broke into the fund managers house tying wife and kids refusing to let go unless they sell? ...duh?

[tonsil] 17/1/2017 21:07

Just banking profits instead of running it

[sideshowbull] 17/1/2017 17:42

COL must be forced seller, surprised, wonder if they are binning more- usual answer is yes.