Geiger Counter Share Discussion Threads

[yupawiese2010] 22/6/2020 21:47

Two senior members of the Kaz government have recently contracted Covid 19, according to Brandon Munro of Bannerman Resources their are clear indications there will be an extension of the shutdown which will be significant.

Subject is discussed from 15.42 in podcast.



Supplementary details in respect of Covid 19 cases in Kaz.

[tonsil] 16/5/2020 08:47

Why uranium has rallied, defying a drop in the energy sectorBy Myra P. SaefongPublished: May 15, 2020 11:50 am ETCOVID-19 safety measures reduce global uranium suppliesAs uranium production declines, demand remains "relatively inelastic," says William Freebairn from S&P Global Platts.As uranium production declines, demand remains "relatively inelastic," says William Freebairn from S&P Global Platts.Uranium has outperformed major commodities this year, even as the energy sector has suffered from a drop in petroleum demand tied to the coronavirus pandemic.The crisis was a "black swan event" that pushed supply-demand fundamentals into a "structural shortfall," says Scott Melbye, executive vice president at Uranium Energy Corp. UEC+0.97% "Substantial global uranium mine disruptions" due to Covid-19 health and safety precautions provided a "tipping point" for a market that went through years of rebalancing in the wake of depressed prices.Going into 2020, global nuclear utilities were expected to require roughly 182 million pounds of uranium concentrate to run reactors for the year, while expected global mine production was seen at 142 million pounds, he says. The pandemic has affected 50% of global uranium mine supply, or over six million pounds a month, so even a three-month loss would push production down to just over 120 million pounds this year, he says.The expected supply shortfall led to a price rally. Weekly spot uranium prices stood at $33.40 a pound as of May 11, up nearly 40% from this year's low of $24.10 in mid-March, according to data from nuclear research and analysis provider UxC. On the New York Mercantile Exchange, uranium futures settled at $33.45 a pound on May 14, nearly 34% higher year to date. By comparison, U.S. benchmark crude-oil futures prices CLM20+7.8% have lost about 55% so far in 2020.As production declines, uranium demand remains "relatively inelastic," says William Freebairn, senior managing editor at S&P Global Platts. "The end-users are nuclear plants, which typically operate at full power whenever they can, regardless of demand or price of electricity." Uranium must also be "secured up to two years before it is needed in a reactor," so a steady supply is needed even during tough economic times.With uncertainty over when these mines, including Cameco's CCJ+0.51% Cigar Lake, the world's highest grade uranium mine, might return, "producers have become buyers, and prices have surged," Freebairn says.All of this comes nine years after massive tsunamis created by the strongest-ever recorded earthquake in Japan flooded the Fukushima Daiichi power plant, leading to the one of the worst nuclear disasters in history and expectations of nuclear power's demise. Globally, nuclear output has recovered to pre-Fukushima levels, with contributions from China, Russia, and South Korea, says Bruno Brunetti, head of global power planning at S&P Global Platts Analytics.In the U.S., the Nuclear Fuel Working Group released a report in April detailing policies to revitalize the U.S. nuclear energy industry, including the establishment of a uranium reserve. President Donald Trump's fiscal year 2021 budget had included $150 million for the Energy Department to purchase uranium from domestic suppliers, says Jonathan Hinze, president of UxC.'As long as producers continue to purchase uranium to cover supply shortfall, the price will remain on an upward trajectory.'Jonathan Hinze, UXC, LLCHinze says the reserve wouldn't have much, if any, impact on uranium prices because the U.S. isn't producing much. Government data show domestic uranium concentrate output in the first quarter was down 86% from a year earlier. The U.S. also won't be drawing from global commercial uranium supplies, he says.Still, supplies overall are getting tighter, with inventories drawn down more rapidly because of the production suspensions, and utility demand remaining mostly steady, he says. Spot uranium prices have already seen a "rapid increase," so it is possible the market won't see the same quick rise in the coming months. But "as long as producers continue to purchase uranium to cover supply shortfall, the price will remain on an upward trajectory."

[yupawiese2010] 15/5/2020 21:44

Uranium shortages inevitable by 2023 !!.

[dogberry202000] 12/5/2020 11:26

Institutional money.

[bmcb5] 11/5/2020 18:33

Some chunky late reported trades there at 17.4p

[here and there] 27/4/2020 21:30

HAD A LITTLE REST...ONWARDS TOMORROW

[dogberry202000] 23/4/2020 20:30

NXE fairly ripping higher tonight. DNN making solid gains. Stocks like these matter most for GCL. They are likely to tack on a higher NAV.

[energiser01] 23/4/2020 09:10

If the velocity of positive change continues, even if it slows to 50% of current rate, then the subs will attract some time value, its a risky play as many variables and unknowns. There could be some wild swings in both directions, plus an increasing spread etc. Etc. No advice intended, dyor etc. Etc.

[chuckol] 23/4/2020 08:45

Woo Hoo quepassa, less than 12p uplift required for the subscription shares to be in the money.

I don't suppose you understand how they work though!

[dogberry202000] 23/4/2020 07:19

Peninsula Energy up 50% in Sydney! Interesting move.

[quepassa] 22/4/2020 20:51

UUUU - Energy Fuels now up almost 20%

[quepassa] 22/4/2020 18:52

Good info. Thanks.

UUUU - Energy Fuels - up 12% so far today on back of that news .



ALL IMO. DYOR.
QP

[dogberry202000] 22/4/2020 18:37

hxxps://www.energy.gov/articles/doe-hold-press-briefing-call-nuclear-fuel-working-group-report

It's been a long time coming. The wait is now over. Change the xx into tt for the link.

I added to URG and UUUU this afternoon. Should play well into GCL.

[bigtbigt] 21/4/2020 14:42

For me, GCS shares are way over-priced ATM

For a long shot 'investment' I'd want to have a chance at getting a 10x return. So if bought them at say 2p I'd want 20p back. 20p on top of 28.5 is nearly 50p. And I really can't see GCL hitting that in 7 months. Of course, anything north of 30.5p would be a profit, but marginal - against the far higher risk of loosing my whole investment

If GCL was sitting at 20-25p I'd consider paying 2p for GCS and targeting only a 2-4 fold return (i.e., far greater probability of hitting target of low-mid 30's in 7 months)

Meantime, in the black with GCL, so not enjoying the ride

[quepassa] 20/4/2020 22:47

yawn yawn yawn.

GOOD LUCK TO ALL GENUINE GCL SHAREHOLDERS WHERE PROSPECTS LOOK ENCOURAGING.

A BIG CAVEAT TO ALL ABOUT GETTING UNWITTINGLY SUCKERED INTO THE BLATANT CIRCLE OF COORDINATED RAMPERS ON THE GCS SUB SHARES.

[escapetohome] 20/4/2020 22:04

Careful with your hook line and sinker, Que Passa?

You might hook a gent who has an IQ of considerable standing.

When you reel him in , you make make a very nice couple.

[corbeta] 20/4/2020 21:54

Uranium June futures up a little again today.

[here and there] 20/4/2020 20:19

nexgen up another 10%...20% of GCL...denison only up 5% 10% of GCL.

Quepassa...GCS is the risky play no doubt, hence the leverage potential.

My biggest holding is #YCA but my fun , dangerous, risky play is #GCS. The upside is highly attractive. When I bought there was no liquidity and no trading....now there is and the spread (which was insane!) is reducing as volumes return.

GCL NAV will be up again tomorrow

[quepassa] 20/4/2020 18:20

JOHNWIG,

wake up and stop being so naive.

you are being skilfully played by the newbie unvalidated pump'n'dump merchants on GCS.

and you have taken their bait. Hook, line and sinker.

[here and there] 20/4/2020 18:05

It is a leveraged play in this sense.

GCS were at.5p when GCL were at 10p
GCS is at 1.5p now GCL is at 15.8p

If GCL hit 20p plus in the next month then I can see GCS being 2-4p.

Nxgen is up 15 % today...that will add 3% to NAV all on its own

[quepassa] 20/4/2020 18:04

johnwig,

you are being, as normal, hyper-sensitive to misconceived criticism.

pump'n'dump did not, of course , refer to you...

there are others on this bulletin board who are unvalidated posters and who claim never to have heard about GCS but that is manifestly not the case. If read you my November post and surrounding posts for which there were many, many compliments and upticks, you will work it out for yourself.

MOREOVER IF YOU READ MY POST AND NOT GUESS WHAT I WRITE, YOU WILL SEE THAT I SAID YOUR INVESTMENT WILL BE WORTHLESS AT 30p BECAUSE IF YOU BUY GCS NOW AT 1.5p, YOU WILL NOT MAKE ANY MONEY if GCL DOUBLES TO 30p.

PLEASE TELL ME EXACTLY WHERE I SAID GCS SHARES WERE WORTHLESS IF GCL IS 30p.