Geiger Counter Share Discussion Threads

[7kiwi] 27/6/2022 22:35

Fascinating discussion on what's happening in the Uranium market.

It's a must watch.

[quepassa] 27/6/2022 14:49

MASSIVE 8.5% JUMP in NAV with today's RNS announcement.


NAV as at close on:-

Thursday 23rd - 39.80p

Friday 24th- 43.24p



And the NAV is pregnant with another potential 5% or more uplift when Ivanhoe Electric joins the market - hopefully later this week.


These events are not yet reflected in the current price of 40p.


ALL IMO. DYOR.
QP

[7kiwi] 24/6/2022 22:09

Yes, apparently a ship due to carry enriched Uranium from Russia to the USA has been blocked. I understand it's a Canadian owned vessel and moving material from Russia would be violate Canadian law.

[quepassa] 24/6/2022 21:00

Should still be a good day for the NAV on Monday with a very strong Toronto session today. Prices are currently:-

Cameco + 6%
Energy Fuels + 8%
Denison +9%



If you add in a further prospective 5% increase in portfolio NAV when Ivanhoe Electric IPO's - the near-term outlook is looking very encouraging indeed.

ALL IMO. DYOR.
QP

[bmcb5] 24/6/2022 20:22

Ivanhoe electric ipo has been delayed to next week. Expected range $11.75-$12.50

[quepassa] 24/6/2022 15:05

Uranium Companies off to a strong start on Wall Street this afternoon with gains so far of 3% to 4%.

[bmcb5] 24/6/2022 11:49

I've picked up a few more this morning @38.xp

[quepassa] 24/6/2022 10:21

An article about the Ivanhoe Electric IPO debuting on the NYSE market today


hXXps://finance.yahoo.com/news/friedland-ivanhoe-electric-seeks-much-151343247.html

[quepassa] 23/6/2022 22:44

That's great. Thanks for clarification.

The wording in the RNS is incredibly vague in my view and many will interpret that the uplift in value they are talking about refers only to the position in Ivanhoe - not to the whole portfolio value of GCL.


ALL IMO. DYOR.
QP

[7kiwi] 23/6/2022 20:44

QP,

They're saying that if the Ivanhoe float goes ahead, then GCLs NAV will increase by 4.9% if Ivanhoe trades at the lower end of the IPO price range.

That's quite a leap.

[quepassa] 23/6/2022 20:28

The 4.30 RNS about Ivanhoe sounds like good news.

Obtuse language.

An increase in value by "490 basis points"

One hundred basis points equals 1%.

Are they saying Ivanhoe's portfolio value has gone up in value by 5% - or do they means it's gone up by 5x ??

[dogberry202000] 22/6/2022 13:54

My targets for GCL are as follows:

One year 1.87

2-3 years 10.30 with a correction inbetween.

I think these targets are reasonable.

That's what a $Trillion market cap would do for the uranium sector instead of its current miniscule market cap of $30b.

"Winter is coming"!

[7kiwi] 21/6/2022 18:48

I seem to remember they issued 1.5m shares not long ago in the 50's. Have the buyers been stopped out, or margin called elsewhere I wonder?

[quepassa] 21/6/2022 15:08

Today State-side.

Early session



Cameco + 6.5%
Energy Fuels + 8.0%

etc etc etc.


ALL IMO. DYOR.
QP

[1solon] 21/6/2022 12:26

Never thought I'd see these levels again even tho I did expect a wider market sell off. Starting to seriously average in again down here, aiming to become extremely overweight in uranium as I felt I didn't have enough as we moved higher last time.

[pineapple1] 21/6/2022 12:22

1,529,732 dumped at 34p.
Someone big wants out of this dog. Always been a disappointment has GCL. Guess i ,m hoping one day that i might have the Willy Wonka golden ticket but never seems to do what fundies with the Uranium market seem to suggest.
Looks like its heading for about 31/32p last seen Aug 2021.
imho

[quepassa] 21/6/2022 09:09

No premium.

Haven't seen that in a while.

Thank you Mr. Market.



Fully agree about the fundamental story.

Should strengthen further.



Natural resources were becoming a popular trade - if not a crowded trade.

I believe that there has been an understandable amount of profit taking by shorter term traders in last few sessions.


Poised for next leg up after recent shake-out.


ALL IMO. DYOR.
QP

[7kiwi] 17/6/2022 17:30

Back to pretty much the bonus rights price. Ouch.

However, I still have confidence in the fundamental story. Looks like we have to wait for the wider markets to go back to risk on.

[7kiwi] 13/6/2022 19:26

Yes, bmcb. But the other miners selling off with everything else today

[bmcb5] 13/6/2022 13:10

UEC announcing the purchase of UEX, at 50% premium, feels positive

[7kiwi] 13/6/2022 13:05

Seems there's no end to the demand for new shares in GCL. Another million today on top of the half a mil on Friday.

[7kiwi] 10/6/2022 23:46

Given the weakness in general markets the Uranium miners did well to recover a bit from their lows.

[7kiwi] 10/6/2022 16:34

Up the ladder earlier in the week, now back down the snakes.