Geiger Counter Share Discussion Threads

[brugen] 19/5/2024 22:32

chestnuts I'm always interest in predicting the future. What tools did you use?

[donald pond] 19/5/2024 21:17

I think the big question is whether sector specific investment trusts would be better structured as ETFs. I don't know the answer to that, but I've mentioned GCL to a couple of smart investors and they both said "if it's got higher fees, a bigger spread and worse performance than an EFG why would you consider it"?

[chestnuts] 19/5/2024 20:34

If any one is interested the bottom will be 47.25p for GCL which will then bounce big

[kaos3] 19/5/2024 20:22

classics ... if you dont like it ... quit

do not persist,change, fight, lobby, vote

quit
avoid
let it be

[greedfear] 19/5/2024 19:08

Last time the share traded at par with NAV was around two years ago, they’ve been trading at an increasing discount since.

[greedfear] 19/5/2024 19:01

It’s not a charity, it’s a business, they do charge us money for their services. Past year they’ve only traded at a discount, a discount that grew bigger and bigger. Unlike other uranium investment vehicles. Yes, that is on management and for me it’s not about trying to make a quick buck, I’ve been a holder for years, and frankly have done far better than GCL investing in uranium shares. I do expect a superior return for paying fees and not a mediocre one. If you can’t outperform for your participants you’ve got no reason to exist.

[brugen] 19/5/2024 18:55

I would disagree arbus - I think a discount is always managements fault as they can manage it easily through a share buy back. Simplistically if they sold 8 Cameco shares they would have enough cash to buy GCL shares backed by 10 Cameco shares. If you do this enough times the discount soon disappears. From a shareholder viewpoint they would be mad to use the cash from the recent issue on anything other than a share buyback.

[arbus5000] 19/5/2024 18:32

i'd vote against - there are times when there is a premium, and then there are times when there is a discount. There are a variety of reasons for this, and its not appropiate to blame it all on the management, nor is it appropiate to wind the thing down at the earliest opportunity, to make a quick buck on the discount.

[brugen] 19/5/2024 16:23

I suspect most small investors will be invested through electronic platforms and won't get to vote for or against continuation.

[dickiehhh] 19/5/2024 15:46

I agree that this is a very frustrating trust at the present time, with the 25 percent discount. However there is a continuation vote in 2025. If the discount doesn't narrow substantially by then, presume there is a big risk the trust gets wound up, and we investors get close to NAV. Hence worth staying invested for this? Or is this too simplistic? What are people's thoughts on this?

[donald pond] 18/5/2024 09:08

Agree but the big question is whether GCL will participate. It's hard to make an argument for investing here rather than via an ETF unless you believe the discount won't get worse and the manager can consistently beat the sector.

[1solon] 17/5/2024 22:00

Decent volume across the sector & charts breaking out. Hopefully the next leg up has arrived

[dogberry202000] 17/5/2024 18:24

Hi Que! Posting from your bedroom in your Momma's house again?

[dogberry202000] 17/5/2024 18:03

There's the major breakout in uranium stocks. It's been two and a half years coming and tested many uranium investors' patience. This was no time to sell any uranium stocks, including GCL. I see this one doubling within a few shorts months.

[sumday] 17/5/2024 17:53

Thanks Steve

[2xs] 17/5/2024 16:24

I hope they have used the cash they got in!

[quepassa] 17/5/2024 16:00

Today:-

Cameco +6% and new all-time-high

NexGen +5 %

[steve73] 17/5/2024 08:10

Don't forget Yellowcake (YCA) if you want pure Uranium exposure.

[sumday] 16/5/2024 22:49

Thank you 1solon. Much appreciated

[1solon] 16/5/2024 16:28

You also want to factor in current producers or near term producers that will capture this cycles upside.Safe bet ish = Cameco (although plenty upside already garnered but should still do well Big deposits in safe juristiction mentioned by Kiwi = NXE (will they make production this cycle or be bought out ???) DML FCU etcThere's undervalued = UUUU - branch out to Rare Earths not liked by market As Kiwi says URNJ URNP GCL gives you a broad basket - check holdings & fees to give you best mixOr there's the gamble Tough neighbourhood = GLO GXU

[sumday] 16/5/2024 16:12

Thanks Kaos and Kiwi.

[7kiwi] 16/5/2024 16:05

Sumday. It depends upon how much you have to invest and risk appetite.

Single company risk is high, so you are best diversifying. If you are diversifying, it makes sense to buy a fund, rather than incurring all of the research effort and dealing costs of investing in individual stocks. If you are having to ask for stock ideas on a bulletin board, I might suggest individual stock investment is not for you.

So, there basically GCL, URNP and URJP. I believe there's also a UK version of URA too.

If you must go the single stock route, there's Cameco, or yhe large Canadian developers like NXE, DML, FCU or ISO.

There's also Aus listed stocks that mostly have assets in Africa, like Paladin, Deep Yellow, Lotus Resources and Bannerman.

[kaos3] 16/5/2024 10:31

deep yellow