Geiger Counter Share Discussion Threads

[mr roper] 11/1/2017 14:53

UR Energy flying again..up 10%
Fission, Cameco, U Participation and Nexgen all up 1-3% so far.

[quepassa] 11/1/2017 14:49

NAV has shot up by a whopping 8.2% today.

NAV today 29.14p vs 26.92p yesterday

Cameco/ Energy Fuels, Denison Mines all surging again today on TSX opening. Between 2% to 4.5% up again so far.

ALL IMO. DYOR.
QP



links to Cameco and Denison:-

[maverick247] 11/1/2017 13:41

Only 75m shares in issue, anyone know free float by any chsnce?Considering adding more here

[steve73] 11/1/2017 12:18

I do like the look of the 10 year chart... I'll try to add It to the header.

[mr roper] 11/1/2017 08:28

here's hoping for similar over the next 4 weeks

[masurenguy] 11/1/2017 08:13

Yesterdays NAV of 26.92 is up by 24.8% over the past 4 weeks.

[quepassa] 10/1/2017 22:41

And perhaps topping the list is Energy Fuels Inc which are up a whopping 15%.

Energy Fuels trades on AMEX in the US under ticker UUUU and on the TSX under ticker EFR.

This is a link to their web-site




A core holding of Geiger.


ALL IMO. DYOR.
QP

[mr roper] 10/1/2017 21:39

Cameco up 10%, fission up 11%. Others up 4-5%.

[dogberry202000] 10/1/2017 20:42

The rises in Canada and New York have been stunning tonight on huge volume. Trump is expected to make things far easier for mining companies including those in the US that mine Uranium because he and his appointees want nuclear energy to feature strongly in the US's new energy mix. The US's UUUU has got to be in with a big shout as the only major US uranium miner with a mill and permission to build another. It's CEO recently penned an article suggesting as much. Uranium mills, btw with permissions, etc. cost around a $billion to build. Denison and Cameco are on fire with Fission's share price catching up fast.

Good heavens! As the only closed fund offering uranium in London GCL is in pole position on the London markets for the new bull market in uranium. Think of the funds GCL will attract!

[quepassa] 10/1/2017 18:25

Yes, Another very upbeat article. Thanks

Investors are now rushing to join the trade and catch the strong early momentum.

Expecting Geiger's NAV to continue surging.

QP

[quepassa] 10/1/2017 16:05

Cameco now up 7% today.

Cameco is the world's largest producer of uranium. It will be the first to move and is the obvious choice for funds and institutional money wishing to get in on the act and catch the rise of uranium as it finds favour again.

Cameco will undoubtedly also have a strong gravitational effect on the whole sector and all boats will be lifted by the strong rising tide of Cameco.

ALL IMO. DYOR.
QP

[dogberry202000] 10/1/2017 15:36

Uranium miners having a good day. DNN now up almost 6% and CCJ is nearly the same.
GCL has the potential to be a star performer amongst closed end funds this year. It's GCL's holdings of uranium tiddlers that could put "warp factor" into the share-price.

[quepassa] 10/1/2017 15:27

Wow.

In early TSX trading today:


Cameco UP 5.0%

Energy Fuels UP 10% and

Denison Mines UP 2.5%


all in Geiger's portfolio.

this will hit Geiger NAV values tomorrow.

Uranium miners/producers gaining altitude very rapidly.

Looks like U3O8 is on the way back big time.


ALL IMO> DYOR.
QP

[mr roper] 10/1/2017 11:29

Added again this morning

[masurenguy] 10/1/2017 11:00

Yesterdays NAV of 26.30p is up by 22% over the past 4 weeks.

[masurenguy] 10/1/2017 01:21

Main institutional shareholders currently hold 40.7% of the shares.

Miton Asset Management Ltd. 8.67m: 11.47%
City of London Investment Management Co. 8.51m: 11.26%
BTG Pactual Chile SA Administradora General de Fondos. 5.30m: 7.02%
Ruffer LLP. 4.08m: 5.40%
Hargreave Hale Ltd. 3.29m: 4.35%
Pension Reserves Investment Management Board. 912.92k: 1.21%

Discount to NAV at yesterdays close was 9.7%.

[shavian] 09/1/2017 23:49

Nexey up another 5.2% and PTU up 3.7% across the pond, BKY up 3.8 here. Good NAV day coming up.

[tromso1] 09/1/2017 10:52

Also the possibility of momentum traders picking up on the move with the price breaking out to a new 12 month high.

[masurenguy] 09/1/2017 10:47

I'm sure that's what driving the current shareprice momentum and clearly GCL is beginning to appear on more investors radar screens since Christmas.

[tromso1] 09/1/2017 10:43

People maybe noticing the pick up in the uranium price and realising there aren't that many ways to play it in the UK.

[masurenguy] 09/1/2017 10:39

Getting some volume trading since the new year. Average daily volume last week was 750,000 compared with less than 50,000 before Christmas. The shareprice is also up by 20% over the past 3 weeks. Over the same period NAV is up by 11% and the discount to NAV has declined from 17% to 4%.

[masurenguy] 08/1/2017 14:13

Odds Of Uranium Spot Price Turnaround In 2017
Dec. 20, 2016

Uranium prices have been declining for a full decade now. It essentially means that the mining investment boom is also likely to end soon, giving rise to eventual production decline. By some estimates, mined production decline is likely to occur before the end of the decade, meaning that forward looking markets may lead price decline ending in 2017.

Once production decline sets in, it will not be reversed for many years, because of the long lead times of new mining projects. The growing gap between growing demand and declining mined supplies is likely to lead to a longer term uranium bull market. The long lead time in uranium mining projects from planning stage to full production ramp-up, is perhaps one of the biggest impediments to achieving a balanced and stabilized uranium spot price. The long lead time involved in building nuclear power plants is not helpful either. It can take a decade or longer from the point where a deal is inked to build a new power plant, to the point where it becomes fully operational. Then there are the uranium fuel stockpiling strategies that power plants engage in as a way to make sure that there are disruption issues. Nuclear power plants can often operate for years without having to buy more fuel. At the same time, the fuel plays a relatively small role in nuclear power production costs, with the initial capital investment involved in building the plant being the main factor involved in the total cost of nuclear energy, which means that high uranium prices will not lead to demand destruction as is the case with most other commodities. Then there is also the fact that nuclear fuel deals often involve long term contracts between miners and utilities, which makes the remaining spot price market relatively thinly traded and therefore very likely to fluctuate a great deal.

It can be argued that for 2017 to be the year that the current trend of declining prices is going to be stemmed and reversed, a very important thing needs to happen, namely we would have to see a decline in mined production. It is not entirely clear that this will happen in 2017, but there are some reasons to think that a significant and sustained period of mined uranium supply decline is set to happen before the end of the decade. One of the reasons behind this is the fact that at current prices most mines are not profitable and the only thing keeping some of them from being closed down is the long term contract deals that were signed during a higher price environment period. Apparently, many of those contracts are set to expire in the next two years and in the absence of new contracts being signed at significantly higher prices compared with the current spot price, many mines will be closed down. If this happens, we will likely have another major uranium price boom starting before the end of the decade, because by most estimates, price expectations in the $50/pound range or higher are needed for new mining projects to happen.

It is impossible to predict whether the spot price turnaround will happen in 2017 or later. We certainly have reasons to believe that it could happen, given that we are seeing increasing signs of a supply/demand situation developing where there will be a growing gap in coming years.

[tromso1] 08/1/2017 10:54

"INN: What do you expect for the uranium market in 2017?

TOC: For uranium, you can sense the bottom is here. No producers can make money at current spot uranium price and demand will continue to increase due to new reactor builds and more re-starts expected in Japan. Existing and future producers are starting to contract again, at above $40 per pound prices, which is well above both the published spot, and term uranium prices

CP: Leading indicators are pointing to a resurgent bull market. The downturn we have been through has seen little invested in new supply and less in exploration than should have been and this coupled with an improving global outlook for business growth suggests to me that we may be about to enter a bull market that may put the last one in the shade."

[masurenguy] 08/1/2017 09:13

Cheers Shavian - it is also worth noting the following points.

1. The company has the vast majority of its investments in assets located in politically stable countries.
Canada..........70.6%
Australia........15.1%
USA.............. 4.2%
Spain............ 3.2%
Sub Total......93.1%

2. 95.2% of the company's investments are in companies quoted on a recognised stock exchange.

3. The company is authorised to buy back its own shares for cancellation at a price not exceeding a premium of 5% of the closing mid-price on the date that any such buyback may be approved.

4. The company has no employees. No pension contributions are payable for the benefit of the directors.

5. The company has 75,584, 492 shares in issue. All of these shares were issued between July 2006 and July 2007. No further shares have been issued since then. The consolidated average price when all those shares were issued was 72.8p. The mid-point shareprice at Fridays close was 23.125p which represents 31.5% of the average initial issue price.