Geiger Counter Ltd Geiger Counter Ltd : Net Asset Value(s)

 
TIDMGCL 
 
 
 
 
GEIGER COUNTER LIMITED 
 
Date of 
Announcement:            05/12/2017 
 
Net Asset Values per share as at:         04/12/2017 
 
The unaudited net asset value (NAV) of the company 
 is noted below in pence per share. 
 
                                                         Pence per share 
Geiger Counter Limited                                               23.66 
 
Kazatomprom announced further production cuts, intending 
 to cut production by 20% for 3 years from Jan 18. 
 This is an increase from the 10% cuts in 2017 and 
 they have also stated for a longer 3 year period. 
 This was not expected and isn't in the industry leader 
 UXC's supply/demand projections. 
 Kazakhstan produces 40% of global production, so this 
 equates to an 8% cut in global production, taking 
 the market firmly in to deficit. This action is likely 
 because Kazatomprom intends to IPO in 2018 so want 
 to see an improved Uranium price. It remains unclear 
 how that this will be distributed between producers, 
 with the Russian operated deposits having previously 
 pushed back on making cuts. It may be suggestive of 
 a natural pick up decline rates for Kazakhstan's production. 
 In addition to Cameco shutting the MacArthur River 
 mine, this will focus utilities attentions on supply 
 chain risk for Uranium, hopefully supporting a restock. 
 
 
 
 
 
 
 
 
   Net asset value as at 04.12.2017 of 
 
   Geiger Counter Ltd 
 
   (TIDM: GCL): 
 
   NAV-bid........... : 23.66 GBp 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Geiger Counter Ltd via Globenewswire 
 
 
 
 

(END) Dow Jones Newswires

December 05, 2017 10:01 ET (15:01 GMT)

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