Geiger Counter Share Discussion Threads

[shavian] 17/10/2016 18:08

Hi Dogberry. Thanks for this good post. The supply bottleneck is becoming more obvious, exacerbated by the drying up of ex-cold war weapon-grade plutonium.The key to North American supply clearly lies in the west of the Athabaska basin. You have mentioned Cameco, Fission and Geiger Counter's biggest holding, Nexgen. There's also Purepoint Uranium, next door to Nexgen. All of these seem to be coming back to people's notice. I was about to buy Nexgen and Purepoint to add to my Fission when I realised I could buy the lot in one discounted package with GCL, so I'm building up my stake here. Good luck all.

[dogberry202000] 17/10/2016 16:44

Shavian,
Cameco Corp, Denison Mines and some Energy Fuels Inc..

I read an interesting 40 page report written last April by Rockstone Research who worked with ALX Uranium, the company that did a 80% ownership deal with Denison over the prospective Hook-Carter property last week. The property is close to the major discoveries by Nexgen and Fission. Cameco also have a property nearby.

One of the most interesting points is that although Uranium shortages are expected in 3 years (from April ) the lead-in times for contracts that need to be signed are far shorter at 18 months or so. This is because it takes this long to create the fuel rods for the reactors. As you know, the costs for buying enhanced uranium are relatively small in comparison with the overall running costs of running these plants. Yet officials must have secure supplies of enhanced uranium fuel, with some contracts taken out over time-scales as long as ten years. Contracts signed in 2007-8 are running out between now and next year. New contracts will be signed over the next year and a half. But uranium suppliers like Cameco will not enter longterm mining contracts for less than it costs to mine.

Once the uranium reserves currently finding their way into the market run out, the officals running these plants will be increasingly anxious to secure longterm supplies well before enhanced uranium becomes difficult to source. For the plants it increasingly feels like a "Mexican stand-off".

[tonsil] 17/10/2016 09:41

U mining is still highly political as this article shows. I wonder how this plays into the very slow price recovery?

[shavian] 17/10/2016 08:32

Bit of a potential setback for U308 over the weekend with an anti-nuclear politician being elected to a significant regional post in Japan, which may further slow down the re-opening of nuclear plants post-Fukushima. However, small beer alongside China's nuclear ambitions.Dogberry, which are your other uranium stocks? I just hold Fission.

[dogberry202000] 15/10/2016 00:08

Shavian, I agree. The new holders buying in here will do well as we go forward. I sold a few to balance my metal holdings but still retain a largish position, for me, in this one. I also have positions in three other Uranium stocks.

Market leader, CCJ has bounced well from its bottom a few days ago and there were some interesting stirrings in several Uranium stocks tonight over the water. I suspect we won't have to wait too much longer for a the long awaited move up in Uranium. I'd say next year could well be a humdinger for U308.

[shavian] 14/10/2016 14:31

More to come, methinks. I'm holding, but got enough for now.

[my retirement fund] 14/10/2016 12:18

Indeed I've taken profits

[shavian] 14/10/2016 08:36

Discount not so tasty now!

[tonsil] 10/10/2016 08:39

Big tip in Money WeekBest IT with deepest discount.

[shavian] 10/10/2016 08:35

Volume way up, all of a sudden. What's occurrin'?

[sideshowbull] 10/10/2016 08:12

GCl has about 41m shares in URA BTW.

[sideshowbull] 07/10/2016 18:09

Nice one Steve, good to see a few of us Uranium bulls still here.

side

[steve73] 07/10/2016 17:30

Hi all - I recently created a new thread for this IT with uptodate info and charts, etc. Pop over there in future. Cheers.

[hannath] 07/10/2016 16:47

yeh, invested today with a 2/3 year view.

[dogberry202000] 07/10/2016 16:30

Makes sense. Miton have long been a holder of GCL and added over the last few years. They have strong faith in this closed end fund. Good day today!

[hannath] 07/10/2016 16:20

It was recommended/tipped by Nick Greenwood (Miton Global Opportunities) in this weeks Money Week magazine (out today) .... as a trust having "most potential".
In a nutshell .... not enough Uranium been produced in the world to support the 450 nuclear reactors, let alone the 150 being built .... at the moment Japans stockpiles are been used, pointing to a massive spike at some point.

[dogberry202000] 07/10/2016 15:15

Looks like the dirt cheap shares are gone. Big volume today and Uranium is, possibly, around a dollar or so from its bottom. Volume precedes price but we'll see.

Laptop15,I don't know the answer to your question but I do know that this fund has great positions with the probable leaders in a Uranium bull market, whenever it occurs. I think it's a question of when the bull market begins rather than if.

[laptop15] 13/9/2016 18:56

How does GCL compare Global x uranium eft (URA) guys? Not sure which fund to buy into?

[my retirement fund] 08/9/2016 09:24

God help us. Yasx and his absurd array of personas has uranium.......probably best to leave "them" on this thread alone imo!

[shavian] 08/9/2016 08:33

Try the other thread Yasx

[shavian] 08/9/2016 08:32

Great find, Tonsil. Randhawa's interview explains exactly why I'm in both GCL and FCU and increasing both on any dips.

[yasx] 08/9/2016 08:21

I considered this in some detail recently, and it appears to me rather cheap - so in recent weeks I have been accumulating.

I will submit a detailed post in due course.

[my retirement fund] 07/9/2016 12:03

Chart still looking very healthy having made another lot of higher highs and higher lows.