Geiger Counter Share Discussion Threads

[hugepants] 21/4/2016 15:42

Its a good shout this actually and I picked up some earlier in the week. Looking at where this has come from, and if demand picks up as predicted over the next few years, then why not 50p+ medium term.

[my retirement fund] 14/4/2016 19:52

Discount to NAV now running at 30%

[my retirement fund] 12/4/2016 11:12

With a 25% discount to NAV here its a bit rude not to be buying imo.Dont you think?

[my retirement fund] 22/2/2016 13:34

All good things come to those who wait. Discount to nav should tighten tho imo

[tonsil] 22/2/2016 10:08

Feb 12, 2016 - China and Russia were again in the news this week as both nations forge ahead with plans for nuclear power export programs. China Nuclear Engineering & Construction Corp. plans to introduce a high-temperature, gas-cooled pebble bed reactor design in Shandong Province, south of Beijing. The company is scheduled to begin operating the twin 105 MWe reactors, which would reportedly be immune to meltdown, by November 2017. If this pilot plant proves successful, China hopes to begin exporting the reactor technology “within the next five years,” according to Zhang Zuoyi, director of China’s Institute of Nuclear and New Energy Technology. Russia is also moving forward with its nuclear export program, and expects to increase foreign orders up to US$190 billion within the next five years. Rosatom had foreign orders valued at $110 billion in 2015. In January, state nuclear entity Rosatom began construction of the Hanhikivi Unit 1 (1,200 MWe VVER) plant in northern Finland. Rosatom is building India’s six-unit Kudankulam Nuclear Power Plant and has signed an agreement to build an additional 12 nuclear power facilities in the South Asian nation. In addition, Russia hopes to sign a contract by year end to build a new reactor at Argentina’s Atucha Nuclear Station.

The spot uranium market saw a slight uptick in activity this week with just over 1 million pounds U3O8 equivalent traded. Utilities and intermediaries acted as buyers, with intermediaries and producers participating on the sell side. However, the increase in transaction volume did not correspond to an increase in price. Instead, the spot uranium price fell slightly as sellers competed for each new sales opportunity. Sellers have largely been counting on an increase in buying interest, particularly in the mid-term delivery window, to jump-start demand in the spot uranium market. Buyers, especially those with mid-term needs, see a market with sufficient supply and have little incentive to come to the market early. As a result, the uranium spot market remains static as both sides wait for the other to move. TradeTech’s Weekly U3O8 Spot Price Indicator is $34.00, down $0.15 from last week’s Indicator and unchanged from the February 11 Daily U3O8 Spot Price Indicator

from U info site

[my retirement fund] 18/2/2016 18:17

Market makers must be getting short of stock in the face of the ongoing discount to NAV

[sideshowbull] 07/1/2016 19:22

Look at URA, basically a "shell" uranium play funded until spot improves.

Maiden jorc 2m lbs.
Massive potential = a few mil to increase the resource all IN SITU recovery model.

Once the U308 spot price increases GCL and plays like URA will be uranium dust.

And GCL has around 5% in URA

BWTFDIK

sideshow

[tonsil] 07/1/2016 19:14

bloody hell that is ridiculous even in these markets

[my retirement fund] 07/1/2016 18:52

Discount now 29% as the nav is still rising.

[tonsil] 01/1/2016 10:42

I doubled up at 12pHere's hoping 2016 is the turn on this.

[my retirement fund] 31/12/2015 10:32

I see the discount to nav has widened to 27%. That certainly looks like value to me so I have taken a clip.I concede recovery may take a while to gather a pace. However when it comes it could be interesting.

[tonsil] 30/12/2015 23:28

the U market has been held back by the dominant producer in Kazakhstan who have 40% of the market since 2009. However it is in a very volatile part of the world with difficult neighbours and any disruption there will lead to a massive price spike and of course nobody wants to be over dependent on a single source in a volatile part of the world.

2016 should be a much better year for GCL.

[my retirement fund] 30/12/2015 12:59

Thanks for the rational. 2016 should prove a better year of Uranium.

Given the 25% discount to NAV here I can understand their logic.

[tonsil] 30/12/2015 12:08

extract from Miton

"Investors still don’t want exposure to the mining sector at any price. However, there are now instances
of the baby being thrown out with the bath water. Our dominant exposure to this area is to Uranium via
our investment in Geiger Counter Limited. The Uranium price has not suffered along with other metals,
amid the effects of the Chinese slowdown. Given current production levels, it is difficult to see where
sufficient supply will come from in order to power the world’s nuclear power generation industry. Geiger
Counter’s portfolio is dominated by North American producers whose inventory would command a
premium should geopolitical concerns increase."

[tonsil] 29/12/2015 19:52

Miton run an investment trust

[my retirement fund] 29/12/2015 18:28

I dont know Milton are they somekind of guru fund outfit? Or another one of those full of thickheads?

[tonsil] 29/12/2015 17:07

I see Miton have built a 10% stake here

bodes well for 2016

[russman] 22/7/2015 07:39

Personally, it is not worth the effort for the small U308 of my pie.

[p1nkfish] 21/7/2015 21:37

all this as the management fee keeps being paid for nothing.
better to create a motif in the usa.

[russman] 21/7/2015 18:07

There are limited options for investing in Uranium. Timing is everything.

[kenmitch] 21/7/2015 14:57

NO!

It's the only such fund on the market. There's no point holding while it is doing so badly and with little prospect of that changing short term, but it could be a great investment again at some point.

Remember... the share price was even lower than now ahead of the last great run up to over 140p.

[p1nkfish] 21/7/2015 08:30

wind it up.

[kenmitch] 20/7/2015 09:32

I don't hold at present because the reason GCL is doing badly is obvious... low uranium price and lousy performance from so many uranium shares even including CAMECO.

WHEN the sector turns up GCL will likely again be a brilliant investment. Can't see much point holding GCL or any uranium share yet though.

When the Managers turn bullish again in a monthly update could be a good time to go back in. That worked a treat with the last big gains with superb gains from the sub shares.. now unfortunately long expired.

Wish they would consider another sub share issue.