Geiger Counter Share Discussion Threads

[7kiwi] 23/11/2023 09:21

New update out:




Top 5 holdings:

Name...........(% of Gross Assets)
Nexgen Energy.....21.5
Cameco............13.1
UR-Energy.........12.9
Uranium Energy.....7.9
Paladin Energy.....7.5

Top 5 Holdings Represent 63.0


Leverage 116%.

[bountyhunter] 21/11/2023 15:49

Thanks, that's really helpful.

[bpdon] 21/11/2023 15:05

Yes, it will be a corporate action in your account with a very simple form. "You are entitled to X amount of subscription shares, enter in this box here how many you want to buy?"

[bountyhunter] 21/11/2023 14:24

Thanks for the info. I assume that for ISA holdings there will be a corporate action to subscribe? Or too soon to say? I guess it's down to the broker to implement.

[bpdon] 21/11/2023 14:24

Yes @bounty - anyone on the share register at the rights date will be offered. You can read this years notice here:

[kinbasket] 21/11/2023 13:59

You need to be a holder on the 30th April 24.

[bountyhunter] 21/11/2023 13:55

Oh really, even new investors? Is that the cut off date - 1-2 May 24? TIA

[bpdon] 21/11/2023 13:53

@bounty the subscription rights are open to all holders on 1st or 2nd May 2024. For every 5 shares you hold, you will get offered the opportunity to buy 1 more for 37.74p.

[bountyhunter] 21/11/2023 13:41

Geiger Counter Limited NAV 68.47
Fully diluted NAV 63.34

[bountyhunter] 21/11/2023 13:36

Do these subscription rights apply to current PIs or are they a historical arrangement with an II?

[kinbasket] 21/11/2023 12:07

I didn't say any of the things you've said above.

The calculation I show is based on the subscription price and the share price. hence the true intrinsic value.

Your 4p calculation is wrong as it doesn't account for dilution.

I showed the diluted value of a shareholding vs the diluted value of the NAV for reference.

theres no need to shout either, if you don't understand you can just ask.

[quepassa] 21/11/2023 11:55

I am NOT forgetting that.

you are however quite wrong.

the subscription price is based on the SHARE PRICE and not the NAV

the INTRINSIC VALUE of a right or warrant or option is common pricing jargon which is relevant to share prices - not to nav's.

[kinbasket] 21/11/2023 11:20

Put another way, each share has an additional 4p of intrinsic value due to the value of the subscription rights.

You are forgetting that Rights are dilutive. Helpfully the company quote the fully diluted NAV in the daily RNS.

@57p I make the intrinsic value 3.21p

5 shares at 57p and 1 at 37.74.

so 6 shares at a 53.79p avg. vs diluted nav of 62.27

[quepassa] 21/11/2023 11:01

Each subscription right for next year 2024 is now 20p in-the-money.

One-for-five basis.

Put another way, each share has an additional 4p of intrinsic value due to the value of the subscription rights.

The significant and growing value of the subscription rights are not yet fully reflected in the share price.

all imo. dyor.
qp

[walter walcarpets] 21/11/2023 09:20

Yes, looks like a big squeeze on it's way

[edwardsj] 21/11/2023 09:11

Ok everyone - looks like we are going to start to have some material moves, we need a bunch of 5% plus days. Excellent.

[7kiwi] 21/11/2023 00:37

SPUT NAV goes over $5bn.

[dogberry202000] 20/11/2023 22:57

Agreed. I knew you would be on to that.

[7kiwi] 20/11/2023 22:54

I think that too and hope it's the case

[dogberry202000] 20/11/2023 22:49

7Kwi if you take a look at the ratio charts Uranium measured through Sprott's physical uranium trust has heavily outperformed EFTs like URA and closed end funds such as GCL since November 2021. Several uranium stocks that fill their portfolios have similar looking charts and these charts suggest that this may be about to change..The main run up in the funds and stocks for the third leg of this bull market may still be just ahead of us.

[7kiwi] 20/11/2023 21:57

Spot up again. Numerco now reporting 80.75 mid.

[walter walcarpets] 20/11/2023 21:25

7kiwi: you beat me this time!

[7kiwi] 20/11/2023 21:24

Spot up. Uranium Markets reporting $81 mid. Numerco lagging a bit but still up.



SPUT slightly up, but not in the ATM zone. Miners up again, so we should see another rise in the NAV tomorrow. Who knows what the share price will do.

[7kiwi] 19/11/2023 15:16

SPUT now sitting on $66m of cash. Enough for 400K lbs @ $80/lb, leaving $34m float. Bodes well for pushing spot price up further next week. Most miners up on Friday, meaning another tick up in GCL NAV tomorrow. Time will tell if this is the start of a sustained squeeze or another blip up as part of a general bull market.

Although, what that means for GCL's share price is another question. The discount is still quite wide.

[7kiwi] 18/11/2023 11:03

1s,

Not that I know of. I contacted HANEtf sometime ago and at that time they had no plans to bring it here yet.