Geiger Counter Share Discussion Threads

[bountyhunter] 05/12/2024 18:21

Technically the 200 needs to also be heading up when crossed by an ascending 50 for a GC but it's looking like it's going to be pretty close even if not perfect! It's a similar pattern to ~Sept 2023 and that went well following the Golden Cross.
Conversely things didn't work out well following the death cross earlier this year!

[bmcb5] 05/12/2024 18:12

@micdev42 not sure what to make of that tbh. I’m guessing it’s just muddled comms

[kaos3] 04/12/2024 13:28

TA golden cross plotting ongoing ... very soon we will be there. look at the above chart what has happened next the last time it happened

[quepassa] 04/12/2024 13:13

Important and pivotal news announced today by NexGen which is Geiger's top holding at 25% of Gross Assets.

NexGen announces its inaugural contracts with major US utilities to supply 5 million pounds of uranium.

"Leigh Curyer, Chief Executive Officer, commented: "These offtake awards with premier US utilities represents a pivotal moment for NexGen. They underscore the premier quality and scalability of the Rook I Project, whilst offering diversification of supply from existing centralised sources. Further, the terms of these awards reflect market related pricing mechanisms at the time of delivery reflecting NexGen's long-term stated strategy of optimizing the value of each pound produced."


NexGen is already PLUS 6% in today's pre-market.


This is excellent news for Geiger.

And also for MEGA URANIUM which is majority invested in NexGen.


ALL IMO. DYOR.
QP

[micdev42] 29/11/2024 10:33

@bmcb5 Why has GCL just cancelled its readmission to the main market?

see:

[bmcb5] 28/11/2024 13:26

I’m hoping this move to the big board will bring with it:
Increased liquidity
Closure of the discount to NAV
End of the ridiculous subscription offer
Maybe even increased fund size. £100m isn’t big enough to appear on many radars

Not holding my breath though

[stun12] 25/11/2024 11:10

Interesting stock. Great name too. I've dipped my toe in the water @53p net.

[bountyhunter] 22/11/2024 10:40

I've lost track of what's happening here but see GCL is taking off vs YCA (at the time of posting).

Is it one or more of the constituent companies behind the rise here or just catching up? Previously it's been a bit of a laggard.

[quepassa] 22/11/2024 10:38

In the October Monthly Report/Fact Sheet, the TOTAL GROSS ASSETS were stated as £97.6million.

In view of the big positive gains recently - especially in their major holdings such as NexGen and Cameco - it would be almost certain that TOTAL GROSS ASSETS are now significantly past £100 million.

This is good news as it gives the fund more weight, heft and gravitas.

And hopefully will have the effect of now putting Geiger within the minimum size investment guidelines/criteria of a larger circle of institutional investors.


By comparison, the NET ASSET VALUE of Geiger is already at £97.38m (152,674,249 shares in issue x yesterday's NAV of 63.78p).

all imo. dyor.
qp

[steve73] 22/11/2024 09:49

top 5 holdings in the header updated per oct '24 report

[jaf111] 22/11/2024 07:35

Agreed….The underperformance of MGA is very puzzling…..hopefully just got to be patient!

[quepassa] 22/11/2024 04:46

Yesterday's close:-

NexGen + 4.7%
Mega Uranium + 5.3%


New ALL-TIME-HIGH for Nexgen at C$12.20.

Mega not yet up with events .

[nitnia] 20/11/2024 13:58

Is there tax to pay on the uncrystallised capital gain ?

[kaos3] 20/11/2024 11:55

quepassa - the seconf part of your post posted a day after makes the whole . thnx

[quepassa] 20/11/2024 11:19

if you add in the other near C$30 million of listed investments owned in the Mega Uranium portfolio, that brings their portfolio value up to almost C$260m against a market cap of C$132m

[bsharman3] 20/11/2024 11:05

what can GCL do to raise awareness and reduce the discount - see they were included in a recent Shares Magazine article on nuclear. Perhaps they should do share buy backs ?

[brugen] 20/11/2024 11:01

FT sees higher prices ahead.

[quepassa] 19/11/2024 17:09

Mega Uranium (TSX:MGA) owns 19.5m shares in NexGen (TSX:NXE)

NexGen share price C$11.74

Value of Mega's holding in NexGen C$228m

Market cap of Mega Uranium C$132m

[7kiwi] 19/11/2024 15:17

Good news for NXE. Should be good news for GCL NAV too. But there's a long record of the share price lagging NAV by a wide margin.

[foetus in your brain] 19/11/2024 13:33

Was 23% of GCL on last factsheet. So should be worth 2p on NAV by itself

[dogberry202000] 19/11/2024 13:06

That's GCL's largest uranium equity position by some measure!!!

[dickiehh] 19/11/2024 12:59

https://www.nexgenenergy.ca/news/news-details/2024/NexGen-Achieves-Major-Permitting-Milestone/default.aspxNexGen announces final permitting milestone. Up 8 percent yesterday and up another 8 percent today in the pre market

[bsharman3] 18/11/2024 17:15

nxe is up 8% surely / hopefully GCL will follow tomorrow ?