Geiger Counter Share Discussion Threads

[my retirement fund] 12/8/2016 16:56

Wow NAV breaks 24pence for the first time. Trading on a discount 30%.Totally nuts !

[dogberry202000] 11/8/2016 22:12

Great links, Shavian. And there was some interesting price movements tonight in North America with several uranium stocks.

[shavian] 11/8/2016 14:59

Great piece of quarterly metals research from Cantor Canada:

"Uranium flatish as price violence coils like a spring"



Worth ploughing through the annexes to find updates on Nexgen and Fission - both buy recommendations

More news of two of GCL major holdings:

*Idiot's guide infographic on Paterson Lake South project from Fission Uranium (FCU) - worth watching



* 40% rise in share price of Purepoint Uranium in Toronto today - can't find a reason why yet.

All makes GCL look very good value IMHO

[dogberry202000] 10/8/2016 11:28

Given the sales yesterday and today maybe you might get your chance to get in, Laptop. When Uranium blows every two dollars to the bottom line of good, North American companies provides the leverage needed for GCL to explode in price. When? I don't know and there may be a few weeks or months yet to go. But the important thing is to be positioned.

[laptop15] 09/8/2016 08:54

Cheers guys for your help looking here every day now and very eager to buy in might try and get in at 16p :)) think this fund going to do great!!

[my retirement fund] 06/8/2016 09:07

Shavian is right. The way to play this is to average in over several months imo. Then hold and dont let go.

[dogberry202000] 06/8/2016 00:38

I think you are right, Shavian. Today's price action shows that the cheap shares have been bought up. There's no point in waiting for lower levels. I accidently added some of these some days back when in a half conscious state in the heat of Fiskardo, in Kefalonia, I thought, "the price has got ahead of itself" and then unconsciously pressed the buy button for 10k at 19.35p! I've never done that before! Sure, with the fall in price that followed I literally threw £300 out the window but I rationalised this with the thought that anything under 20p is going to be a good buy when GCL really gets going. Still, the lesson is never open your trading platform when still frazzled by jet lag under the soporific heat of a Greek sun!

[shavian] 05/8/2016 17:28

I'd be disinclined to wait for a much lower price than this. The fundamentals of U3O8 are compellingly good: 300 reactors under construction or in planning, stocks of weapon-grade plutonium almost exhausted, many mines shut down over the lean years. Perfect storm for increased demand over supply. The metal is an insignificant part of the cost of nuclear power, so the price could easily quadruple without dampening demand. Just wonderful for the miners and aspiring miners. Meanwhile GCL seems to be entering and ascending channel, and we are near the lower edge. I've just topped up again at 16.5p and am very happy with that. DYOR! NAI

[dogberry202000] 05/8/2016 09:37

This got down to around 13p or so a couple of months ago and the institutions piled in and added to what they already have. Miton, for instance, have been a big holder here for years. I had no spare funds so couldn't take advantage. But I'm happy with my holdings, most of which were bought around the 14-15p level but I've since been happily adding at higher levels too. I own some Denison and Cameco in North America and I'm underwater with those, most holders are but I'm happy to hold. When uranium does "come good" it will probably give gold and silver more than a run for its money.

[laptop15] 05/8/2016 09:20

Cheers dogberry, yes uranium is going to come good soon alright and here could be a great place to be when it does :))Just trying to catch the right buy in price....maybe 14p if i get lucky ;-)

[dogberry202000] 05/8/2016 09:09

Good luck, Laptop. I was tempted by BKY at around 13p but didn't buy. GCL is a remarkable investment with great holdings. Uranium companies are probably bottoming out but this fund also holds a minority holding of PM metals, too. The time-line needs to be one to four years out. Hopefully things will turn in this second half of the year.

[laptop15] 05/8/2016 09:00

Thanks Shavian, your views are appreciated. Your plan sounds a good safer way to build profits without getting too deep in water. I agree the junior resources is very volitile and an RNS can make or break a company sometimes more than the actual fundamentals.Was invested in BKY then i recently sold as made 110% profit so thought i was enough for now. Then i heard about GCL and that they were also invested in BKY and other companies so thought maybe this was a safer type of investment instead of having all your eggs in one basket.So I'm looking to buy in here soon when price seems right!

[shavian] 03/8/2016 07:59

Laptop, I don't set myself rigid targets, I tend to buy and hold when the fundamentals are right, and trim back if the price has run away with itself until things cool down. That's especially true in these junior resource markets where sentiment ( often ill-informed) can get a bit febrile.Right now the fundamentals are so right for uranium, and the metal price is so low. I'm therefore stocking up on GCL and a few specific U3O8 stocks like Fission, which has a massive potential resource at PLS and active newsflow on its summer drilling programme. I don't 'bet the farm' but buy sparingly on the dips. Good luck.

[my retirement fund] 03/8/2016 00:10

The fee is taken from the nav and not the underlying share price that you buy or sell at.

[tonsil] 02/8/2016 23:17

Buy and hold for a year for a double. Hold four years for a five nagger.

[laptop15] 02/8/2016 13:51

Many Thanks Shavian, any idea what you feel would be a good price to buy in here? I see year lows 10p and recent highs of 19p.What target would you gave for this fund going forward? Say 2017, 2018, 2019 as uranium starts to take off.If you traded this like a share and sold it after 3 months would u still pay the 1.4% annual fee.Cheers

[shavian] 30/7/2016 09:15

Interesting article on a site visit to Fission Uranium (TSX:FCU) on the Uranium Investing News website. Well worth a read. Remember to change the hxxp to http to access the link.

hxxp://investingnews.com/daily/resource-investing/energy-investing/uranium-investing/fission-uranium-exploration-at-patterson-lake-south/?nameplate_category=Uranium%20Investing

Disclosure: I own FCU and GCL shares

[shavian] 29/7/2016 17:51

Laptop: no such thing as commission on funds any more after RDR in 2013. If you have an adviser he needs to agree initial and annual fees with you directly. If you are self advised it depends how you buy your funds. GCL Is an investment trust, so you either buy it via broker for a brokerage fee, or via an investment platform where there may or may not be a small initial purchasing charge. If you buy direct there is no annual fee from the platform, just the annual management charge from New City, the fund management firm' which is quoted on the fact sheet as 1.375% pa. More details on the New City website www.ncim.co.uk

[laptop15] 28/7/2016 23:27

Hi Guys, have been interested in investing in uranium and i got recommended GCL....do u have to pay a yearly commission here? Not invested in a fund before but would like to buy in here as i really believe uranium is the place to be invested in. I also notice the price shot up from 10p - 19p very quickly.

[shavian] 26/7/2016 17:05

Nice re-trace afoot. Looking to top up below about 14p

[my retirement fund] 15/7/2016 16:07

Because its a fund so the NAV is the most important data shareholders need to know.

[monet] 15/7/2016 15:53

Can anyone tell me why they give a NAV update every day?

[dogberry202000] 14/7/2016 15:45

The NAV is edging up at 23.99p. Uranium shares in North America led by Cameco are having a better day on the exchanges. Of course, this could lead to a set-back but the lows are possibly in for Uranium. It's below the cost of production for many uranium companies. I think that it will edge higher from here, with greater traction in the last quarter. All of the above is IMHO. Nonetheless, charts from March and April offered a stunning perspective on what could take place for uranium and related stocks later in the year.

[my retirement fund] 14/7/2016 12:47

Looks like the ADVFN troll has a hell of a lot more spare time than any of us very sad