Geiger Counter Share Discussion Threads

[andyforster1] 06/2/2019 08:50

What not offering it or N/T to buy ???

[richardjohn10] 06/2/2019 08:44

Can't buy it through Barclays?

[richardjohn10] 06/2/2019 07:56

Great posts Andy

[andyforster1] 06/2/2019 07:52

I've been running a spreadsheet on the ins and outs of the US uranium etf URA. This etf matches a pre determined index of uranium and nuclear companies. The etf has been through a terrible time transitioning from a pure mining etf to nuclear focused. This resulted in some miners being dumped from the index and most others having their weighting's adjusted. This rebalancing has largely finished with respects to GCL's interest with the exception of Fission (selling down) whilst Ur-Energy and Yellow Cake are being bought. As you can tell from the last few days of trading the likes of Nexgen and Denison are free to trade without downward pressure of URA. Watch GCL NAV move a lot high as these overly sold stock return to mean and boost our performance in the short term.

[richardjohn10] 06/2/2019 07:49

Cheers mate

[andyforster1] 06/2/2019 07:24

My average is 21p but I've not finished buying. I thought I'd have longer to buy large amounts before my expected run up in March for a huge April break up. Looks like people want in the miners early to maximise their exposure. The thing is here is it's very difficult to buy in size on moves up. With the potential rewards being so lucrative and the memory of the last uranium bull market I can easily see it running quickly from the outset. Some of these equities are still trading at or near their yearly lows despite spot being at its two year high and looks very robust.

[dogberry202000] 05/2/2019 22:35

Uranium Fever

[0x3f] 05/2/2019 22:23

I've been thinking of 5x too, though not sure about timescale. With the current setup, I don't see why we can't get back to the 2010/11 price range here.

[richardjohn10] 05/2/2019 22:22

What's your average Andy?

[richardjohn10] 05/2/2019 22:09

That would be lovely Andy!I'll do some more research here I think. Some great input on this board.

[andyforster1] 05/2/2019 21:13

It's a great question. If the uranium market returns to anything like $80 l/b I'd be looking for 5 x your money but the uranium space is very niche. In the last major supply deficit the worst Junior did 2200%. I'm not saying those days will come again but everybody's looking for the next bubble and uranium could be the one that overshoots expectations. I'm here for two years with a 5 times outlook. Anybody else ???

[richardjohn10] 05/2/2019 20:12

How high do you see this going?

[0x3f] 05/2/2019 18:17

I bought some today, after failing to buy URE again. Noted the price move in some of the miners that hadn't been reflected here and general positive sentiment - so bought some rather than take the risk waiting on individual names to fall back.

[andyforster1] 05/2/2019 17:58

As we speak those URE warrants are in the money, currently priced at zero in the NAV. Everything above $1 is on top. (Not sure of the amounts)

[the deacon] 05/2/2019 16:35

Should see a decent move tomorrow. Message starting to sink in now, and more people taking a look at the U space.

[andyforster1] 05/2/2019 16:30

Surprise this hasn't moved today, look at some of those equitiesNXE +6% URE +6%DNN +4%EFR +3%FCU +3%UEC +6%

[andyforster1] 05/2/2019 14:50

I concur Jon, I see $80 US spot vs a rest of the world spot. I'm just putting it out there that US focused Uranium equities should/will be hitting 5 year highs come July all being well. Worth taking a look back at some of those charts it will shock.

[jonwig] 05/2/2019 14:30

The Trump uranium quota threat is explained and discussed here:



My main take-away from this is -

Trump could decide to impose an import quota in the coming months to ensure domestic uranium mining firms supply 25 percent of the U.S. market. That would force domestic companies to expand capacity exponentially: They supplied only 5.4 percent capacity in 2017.

Commerce is scheduled to make its recommendation on April 14, though the shutdown may have delayed that deadline.

Is it physically possible to ramp up a mothballed mine in short order? (If not the price gets even higher.)

[andyforster1] 05/2/2019 13:56

To think that within 20 weeks Donald Trump will have likely legislated that US utilities will have to purchase Uranium in country. The CEO of UR-Energy public stated that to ramp up production they will need $60 contracts. Think about that, that's 100% up from the spot price today. If you don't see U equities going higher within that time you don't understand the market. This is the bottom give or take 10%.

[andyforster1] 05/2/2019 11:19

Oh wow. Thanks for that, getting ahead of myself

[bmcb5] 05/2/2019 10:51

@andy (1018) - tomorrow? Call is 6th March

[andyforster1] 05/2/2019 10:39

I've been updating a spreadsheet on the URA rebalancing and apart from fission, all #GCL other major holdings seem to be complete. This should in theory leave the likes of $NXE $DNN $URE and #PDN.AX to re-rate back up to a more normalised level. New entry YCA is still in accumulation mode so another positive for those holders and GCL.

[andyforster1] 05/2/2019 09:11

I'd be looking for a bullish statement here from Kazatomprom, all being well this could be a market mover tomorrow.Conference Call (2018 Operating and Financial Review - 6 March, 2019)Kazatomprom has scheduled a conference call to discuss the 2018 operating and financial results on Wednesday, 6 March, 2019 at 14:00 (AST) / 08:00 (GMT). The discussion will be followed by a question and answer session with investors. The call will be hosted in both Russian and English, with immediate translation between the two languages as the call progresses.

[andyforster1] 05/2/2019 08:04

Start the day with two more buys one in my ISA one in my SIPP. NAV should be equal here and the sector feels very bullish going into the next few months.

[dogberry202000] 04/2/2019 23:31

That looks like a timely buy today, Andy! The sector leader, CCJ looks strong here with fresh two year highs and yes, that's a break out for URA. Momentum is beginning to "build leading into 232".