This is capitulation imo. The bounce should be strong when it occurs |
I'd like to pick up some more but both GCL and Uranium spot are in nasty downtrends. Not really quite sure what will turn things around. |
this year there will be no buying to get the annual subscribtion rights
1 st of may 2024 GCL price is too high |
fresh thoughts after the dip...? |
Saba increasing again from 11.2% to 12.2% |
Saba increasing again.
10.4% to 11.2% |
Silver, Platinum, & Uranium Poised For Major Moves | Steve Penny
Uranium from about 19 mins if you don't have time/interest in the PM's. |
Significant leap in NAV just announced
from 57.55p to 61.15p |
You assumed correctly... but I screwed up and had quoted the share price of GPM (which I also hold) from the same stable.. (and it's with a "similar" NAV as here, ie. a big discount)
ooops... sorry..! must be more careful in future..!! |
Thanks, Steve. Silly question...NAV is clearly Net Asset Value, but what does share price refer to? I would have assumed Share Price but obviously not. |
NAV - 55.9 > 57.55 20-21st +2.95%
SP - 37.25 > 38.5 21-22nd +3.3%
Main constituents were strongly up yesterday so we should be poised for another good session today. |
thanks kaos - great romp. |
a movie about uranium.... bloke stole uranium |
But importantly the financial instruments carry FULL VOTING RIGHTS - and that's what they are likely after.
In the case of the other Trusts which they targeted which had big discounts, their Discount-to-NAV rapidly deflated to near or even above par.
one cannot rule out the possibility that Geiger are now similarly under attack.
ALL IMO. DYOR.
QP |
Saba have doubled their holding to 10.4% via financial instruments rather than holding actual shares. It is worth noting that another investment trust in the same Stable is one of the 7 Investment Trusts currently being attacked by Saba. If GCL is now in their sights we could see the discount to NAV start to reduce. GCL have also bought back a number of shares today which should also help on that front. |
mmmmmm…hopefully I have read this correctly but it seems Saba Capital have just doubled their holding to 10.4%…..
IMHO Geiger definitely needs a shake up…… |
thanks kiwi, yes, I just noticed that myself... done.! |
Steve, Maybe time to replace Fission with Paladin in the charts above. |
Nice jump in NAV just announced…R30; |
Good start to the new year. Kazatomprom has had to close Inkai temporarily because of some paperwork issue. We don't know how long it will be closed, but there will also be an impact on Cameco that owns 40% of JV Inkai. |
Management charges lower with YCA. Geiger gives exposure to s=hares as well as uranium, which should be a plus. |
NexGen + 10% today.
Geiger's biggest holding at 28.5% of portfolio (30/11) |
GCL or YCA? Discuss. |
Technically the 200 needs to also be heading up when crossed by an ascending 50 for a GC but it's looking like it's going to be pretty close even if not perfect! It's a similar pattern to ~Sept 2023 and that went well following the Golden Cross.
Conversely things didn't work out well following the death cross earlier this year! |
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