Geiger Counter Share Discussion Threads

[quepassa] 04/12/2023 17:01

Mega Uranium + 9%

New All Time High at C$0.42.

[edwardsj] 04/12/2023 13:47

100p here we come

[7kiwi] 04/12/2023 13:24

Yes, here, YCA & URNP.

[walter walcarpets] 04/12/2023 12:31

Yes, full conviction on this and YCA. GLA!

[steve73] 04/12/2023 12:28

We're getting noticed at last... :-))

I hope everyone here is fully loaded.

[bountyhunter] 02/12/2023 18:20

At COP28 22 Nations have just agreed to triple Nuclear capacity by 2050 with a nuclear summit to be held in 2024..

[7kiwi] 01/12/2023 23:38

Most miners off a bit off tonight, but spot making multi-year highs. Pent up action incoming.

[7kiwi] 01/12/2023 09:25

Miners staged a strong recovery overnight and spot firmed again as SPUT took another 100K lbs off the market.

So, NAV should rise today.

[steve73] 30/11/2023 15:55

COP28 promotes nukes..

[speedsgh] 30/11/2023 11:46

@edwardsj - GCL has traded at a premium to NAV for extended periods in the past, at times up to 30%+ premium - see

As always, past performance should not be used as a guide to future performance but it will no doubt trade at a premium at some point again in the future.

[speedsgh] 30/11/2023 11:38

New QuotedData research note...

Geiger Counter Limited: Powered up for growth -

[7kiwi] 28/11/2023 22:32

Weak equities today despite a very small uptick in Numerco's spot price.

[walter walcarpets] 24/11/2023 14:39

NXE up 2% on open.

[bpdon] 24/11/2023 14:31

@kiwi has nailed it with that post - completely agree with all of that.

Like Rick Rule said, once the term pricing starts to catch up with the spot price movement, the near term producers should really start to move and the GCL portfolio is primed to lean into that.

The premium/discount is generally a useful sentiment indicator. If/when the above plays out, you would hope sentiment would continue to improve and we get some additional torque from the discount narrowing.

[7kiwi] 24/11/2023 13:44

Edwards,

Yes, GCL can trade at a premium. Indeed, it traded at a consistent premium for a good while up to about May 2022.

However, with URNP now available, I think it's unlikely to trade at a significant premium any more. But GCL is heavily geared towards the near term producers and the big developers and less so to the sequesters like YCA and SPUT and big producers like Cameco and KAP . I suspect that we are rapidly approaching the time where GCL's portfolio outperforms, especially with the gearing.

With a bit of luck, the discount will close up. But don't hold your breath - NAV up today, but the share price has ticked down.

[quepassa] 24/11/2023 11:13

1.
From Cameco.

If anyone wants to see just how much spot uranium has risen in price since the beginning of the year - or indeed in the last two years - this simple table can't be much clearer:-

hXXps://www.cameco.com/invest/markets/uranium-price


2.
Interesting and succinct article two days ago from Mining.com which predicts that uranium will hit triple-digits ($100++) for the first time since 2007:-

hXXps://www.mining.com/uranium-sector-scrambling-to-fill-supply-gap/


all imo. dyor.
qp

[edwardsj] 24/11/2023 07:42

Thank you 888 and river man really appreciate the replies.

[riverman77] 23/11/2023 17:09

While less common recently, trusts can certainly trade at premiums. I think LTI at one point traded at something like a 50% premium. It tends to happen when the trust gives access to assets that you couldn't access elsewhere

[quepassa] 23/11/2023 16:21

NexGen now + 2.5% in Toronto

[888icb] 23/11/2023 15:52

Yes it can trade at a premium to NAV. Most Investment Trusts trade at a discount to NAV but some trade at a premium. There aren’t many ways to get Uranium exposure so if a lot of investors start chasing GCL they could push it into premium territory.

[edwardsj] 23/11/2023 15:29

Anyone know if this can ever be priced at over NAV? Ie is 68p (or whatever) a ceiling we can never go above or can we somehow fly to 100p plus - thank you in advance

[quepassa] 23/11/2023 14:59

Geiger's largest holding (22%) , NEXGEN has been hitting new all time highs repeatedly this month.

A strong start again today on the TSX for NexGen at +1.7% or C$9.10.


Mega Uranium to follow.

[walter walcarpets] 23/11/2023 11:34

QP, 7Kiwi,S73, cheers for updates.

walt

[steve73] 23/11/2023 10:32

thanks kiwi... header updated.

[quepassa] 23/11/2023 10:29

Month-end stats:-


-Gearing 16.09%

-Gross Assets £99.1m

-Discount to NAV 25.6%

-NAV 64.84p

-Price 48.25p (mid)