Geiger Counter Share Discussion Threads

[7kiwi] 31/8/2023 18:47

Hello to $60 again. Numerco reporting $60.50/lb mid.

[quepassa] 31/8/2023 14:52

NexGen - Geiger's largest holding at 22.6% of portfolio- has powered to a new all-time-high of C$7.16 , surpassing its previous peak of C$6.44 in January this year.

NexGen had slumped along with the rest of the market to a low of C$4.81 by mid-April but has now rapidly regained all lost territory and more .

Mega Uranium - also majority invested in NexGen- has equally soared.

Mega is now up 60% from c$ 0.18 to C$0.28 since first mentioned by me a few months ago on this bulletin board.

Both situations have a lot further to run.

ALL IMO. DYOR.
QP

[7kiwi] 30/8/2023 17:43

Miners responding in North America. SPUT traded briefly at NAV. Late flurry of buy trades here and it looks like a break out of that little consolidation zone. But still at a big discount to NAV.

[7kiwi] 30/8/2023 14:35

Spot up again to 59.35 this afternoon.

[7kiwi] 29/8/2023 22:44

Miners taken a bit of a breather, SPUT up slightly. SPOT ticked up again. Something is brewing.

[jonwig] 29/8/2023 16:22

One is 100 plus the other? Goodness.

[quepassa] 29/8/2023 15:55

They quote three different figures - all with different meanings/metrics.

The first mentioned figure at the top of the latest Fact Sheet is the standard figure most widely used.

The two other figures - quoted at the end of the Fact Sheet on the second page- are altogether different metrics for AIFMD puropses.

For avoidance of doubt, here are the three respective figures together with their full nomenclature.

1. Gearing 18.67%

2. AIFMD Leverage Limit Report (%NAV)

-Gross Leverage (%) 119
-Commitment Leverage (%) 119


There is a major difference in meaning between GEARING which is 18.67% and AIFMD LEVERAGE which is 119%

[7kiwi] 29/8/2023 15:09

I just used what they quoted

[quepassa] 29/8/2023 12:46

Kiwi,

check your gearing figure. I think you have shown AIFMD Leverage figures which are different to standard gearing figures/ratios

[steve73] 29/8/2023 12:22

U3-O8 (yellowcake) price now at highest for more than a year, and hopefully heading back to the 2007 highs..?

Charts on the YCA thread..


I'll try to add them to the header here...

Humm... I can't get the link to plot the chart.. anybody any ideas how?

[7kiwi] 29/8/2023 11:53

July update out.

Name...........(% of Gross Assets)
Nexgen Energy.....22.6
Cameco............14.0
UR-Energy.........10.9
Paladin Energy.....8.0
Uranium Energy.....6.2

Top 5 Holdings Represent 61.7%

119% gearing

[7kiwi] 29/8/2023 08:37

Most of the big holdings up compared to Friday's close, so the NAV should have gone up quite a bit. Discount should be very large now. Ought to be a matter of time until we clear the resistance at the 200-day MA.

[bigalan3] 25/8/2023 14:24

We are now at a 20% discount to NAV.

[7kiwi] 24/8/2023 12:32

I tried myself and got the following formula as an alternative that does match GCLs publication:

d-NAV = (u-NAV + (0.3774 *0.2))/1.2

u-NAV in £, not pence and result in £ too.

[7kiwi] 24/8/2023 08:49

Steve,

Thanks for working that out. I have never had the inclination to work it our form first principles. The differences in your calculation might be due to the additional cash the company will get from exercising the rights, pushing up the NAV a bit.

[jaf111] 24/8/2023 08:13

Suggest you look at RNS on 3 April 2023…..I would expect similar process next year…..But once the process has begun the key party is then your broker!

[weaverbeever] 24/8/2023 08:10

Question. How do you subscribe to (buy) the subscription shares. And when do you need to do this? Thank you

[steve73] 24/8/2023 05:03

If the NAV is higher than the current subscription price (37.74) then there is an expectation that the rights (1 for 5) will be taken up, so the NAV is also shown as a fully diluted value.

Conversely, if the NAV is below the Subs price, the rights are unlikely to be taken up and so there would be no dilution.

Mathematically, the NAVs are related as follows:
d-NAV = u-NAV - (u-NAV - Sub-P)/5

i.e. yesterday's d-NAV = 49.86 - (49.86 - 37.74)/5

or 49.86-12.12/5, 49.86-2.42 or 47.44 (not sure why the published figure differs slightly).

Note also that this calc is not affected by the current Share Price, whilst it is the share price which will ultimately determine whether the rights are taken up. It would be expected that the discount would narrow as the Subs date approaches.

[jaf111] 23/8/2023 23:43

0 4 MAY 202 3

GEIGER COUNTER LIMITED

(THE "COMPANY")

Notification to Shareholders in regard to Subscription Rights

Please be reminded that you have the right to subscribe for one new Ordinary Share for every five Ordinary Shares held in the Company on 30 April each year. The Company announces the third Subscription Rights Price at 37.74 pence on 2 May 202 3 . The exercise date for the third Subscription Right is expected to be 30 April 2024.

The new Ordinary Shares subscribed for will be issued within 14 Business Days of the relevant Subscription Date to those Shareholders in whose name the Ordinary Shares are registered on the Subscription Date.

[dickiehh] 23/8/2023 21:37

Thanks for reply JAF111 but I thought they didn't issue new shares this year as the market price was below subscription price of circa 51p. Which would still be the case today? Hence I still don't understand the relevance of a fully diluted NAV?

[7kiwi] 23/8/2023 16:42

Bit of a pullback today, but North American stocks rising so far today, which ought to bode well for tomorrow.

[jaf111] 23/8/2023 10:46

Fully diluted will take account (assume) the forthcoming issue of sub shares next year (April ?)….there was a similar issue this year……

[dickiehh] 23/8/2023 09:14

Can anyone explain what the difference between NAV and "fully diluted NAV" is please? Which one is the most relevant concept for benchmarking the charge price of GCL? Thanks

[888icb] 22/8/2023 08:45

Now Up 7% and Number 12 on the Leaderboard on volume of 147000