Geiger Counter Share Discussion Threads

[truthteller3] 07/7/2017 11:21

Utterly incoherent post, I'm afraid, Jimbo.

How can you and your 'friend' know anything at all about what other posters' actions have been? Judging from the comparative quality of their posts they stand a far better chance than you (and old 'retirement') of making real money and keeping it.

[jimbo55] 07/7/2017 11:03

> truthteller3
> 6 Jul '17 - 17:39 - 457 of 463 11 0
> Jimbo. A lot of wise investors here made a lot of money out of what you call the
> 'moron spike'. That's the whole point of investing, isn't it?
>
> You and "my retirement can't come soon enough" are too busy shouting the odds,
> laying down the law, and making stupid deductions about other posters to make any
> money, obviously.
>
> Are you two, by any chance, related?
>

No we're not, but you seemingly have lost all objectivity here.

Also, if you haven't taken any of that money you've made off the table, you've made nothing. It's a paper profit, nothing more, and these can be rather evaporative in nature.

I've also made a chunk off the moron spike. I am happy to take money from people moronic enough to thrown it away by overpaying for assets. Unlike yourself, I've had the objectivity to take some of my profits off the table.

... and yes, anybody who overpays for assets outside of a roaring Bull Market off the back of a Newspaper tip, IS a moron. It suggests they've not even done their most basic of homework, and it's not like this trust makes it difficult - regular NAV updates are produced. Anybody can look at the North American companies (predominantly) owned by this Trust and see that for the most part, their share prices are not moving.

Why am I trying to do this to make money? I own this trust and have done for some time. How am I going to make money out of people selling? What would be the point of trying to short something as illiquid as this? It would be a recipe for getting carried out? I'm just surprised that people are so stupid as to buy this at a premium to NAV off the back of a tip (and yes, overpaying for assets is, for the most part, STUPID), and feel that - given what happened in GPM last summer - I should at least say something on this board. Personally, I've taken full advantage of this. If you're going to hold come what may, and ignore what the North American mining stocks owned by this trust are actually doing, that's your choice.

Cheers.

[quepassa] 07/7/2017 10:33

Post 432

"Nuclear construction reaches 25-year high" -World Nuclear News 28/6/17

hXXp://www.world-nuclear-news.org/NN-Nuclear-construction-reaches-25-year-high-2806171.html


ALL IMO. DYOR.
QP

[mad foetus] 07/7/2017 09:59

I should add I hold a small amount of GCL and will look to top up when the NAV starts moving up and the share price is at a discount. But I don't think nuclear is a one way street.

[steve73] 07/7/2017 03:23

Seems France wants to reduce its reliance on nuclear power...

"Other targets set in the French environmental plan include ending coal power plants by 2022, reducing nuclear power to 50% of total output by 2025, and ending the issuance of new oil and gas exploration licences."

[quepassa] 06/7/2017 18:19

Many investors don't like to pick individual stocks and prefer to invest in a fund with a balanced spread of investments - albeit in a specific sector.

It seems that increasing numbers of investors continue to warm to renewables, of which nuclear power is a very important part.

The consensus is clear that uranium demand will significantly increase over time.

Geiger offers something absolutely unique. It is the only Investment Trust (not ETF or more generalised renewables fund) which invests solely in uranium.

For the patient investor, it seems to me that Geiger has a lot to offer and a Unique Selling Point. It does not surprise that any hitherto discount may have been eroded nor that it trades now around NAV, perhaps even at a small premium.

In the early part of 2017 when U3o8 spiked we saw the massive gearing effect which this had on Geiger which in turn hit circa 30-35p. Since then uranium has fallen back but is still distinctly above the 2016 lows.

I am not aware of a single analyst, commentator, journalist, sector specialist who predicts anything other than increasing prices for U3o8. I agree with them.

Of course, precise timing is hard to pin down, but many circumstances and factors are closely aligning for U3o8 to push significantly ahead sooner rather than later in my view.

Over twelve months Geiger is currently up some 40% from 16p to 22p. That excellent performance is not to be ignored and serves as a taster of what is possible.

Just prior to Fukushima, Geiger hit 130p.

Now that nuclear power is being re-assessed and wholeheartedly embraced again as a vital power source, with more nuclear construction under way than ever before, it seems to me that the fortunes of Geiger look very bright indeed.

ALL IMO. DYOR.
QP

[truthteller3] 06/7/2017 17:39

Jimbo. A lot of wise investors here made a lot of money out of what you call the 'moron spike'. That's the whole point of investing, isn't it?

You and "my retirement can't come soon enough" are too busy shouting the odds, laying down the law, and making stupid deductions about other posters to make any money, obviously.

Are you two, by any chance, related?

[matt123d] 06/7/2017 16:15

Approx 9 million shares traded over the past several sessions. All "moron" buying!?

[jimbo55] 06/7/2017 15:41

Worth mentioning here (see if I get another down vote for this from those with too much emotionally invested in GCL ;)) that UEC - a promising junior owned by GCL - was admitted to the Russell 200 Index last month and it's recent price rise can be attributed to passive inflows into various Russell 2000 tracker ETFs. Be aware that if the S&P 500 is in the process of putting in a top at the present time, UEC is going to be vulnerable to the wider sell-off. As such, if you're thinking of buying UEC directly it might be worth hanging on a bit.

[jimbo55] 06/7/2017 13:01

I'd wager that a lot of the people buying have not realised they're buying at a premium to NAV. Call it a hunch, but if I'm right, this isn't bullish. It would only be bullish if the sector were in a roaring bull market , and it isn't right now (although I will happily accept there's an awful lot of technical evidence to support the bottom being in).

This reminds me of the morons who piled into GPM for approximately a two week period last July/August off the back of a tip in either Moneyweek or the IC, and took it to a premium to NAV. At the same time, the underlying stocks were not really moving. GPM peaked out at 58.5p. What happened next? Put it this way, it wasn't exactly a bullish sign. It was the sign of a moron spike. This is what is happening now in GCL. Fortunately, the speculative money is most definitely not active in the North American uranium miners at the present time, so the inevitable GCL correction will not be as deep as GPM's last year.

[dogberry202000] 06/7/2017 11:49

I think it's hugely positive and bullish for a closed-end fund to be at a premium. The sector did okay yesterday and investors are still jumping onboard here. I've maintained my holding, selling only a few to buy some GPM and BKY.

[sideshowbull] 05/7/2017 20:13

There is a small bull flag testing that channel you are on about, may fail but who knows..?

We had good news from URA today re licences, which could help the fund, 5% GCL is in URA. AIM London.

BWTFDIK

[kenmitch] 05/7/2017 19:45

Wish they and GPM would get on with the new subscription share issue. Both are being issued at ideal time with sectors depressed and large potential upside IF GCL in particular get on with it. The last GCL sub shares did superbly. Last GPM expired worthless as issued near sector peak.

[jimbo55] 05/7/2017 16:38

Don't know who is voting my posts down, but it's somebody who is putting emotion before sense - not smart and will see you take a beating at some point - maybe not in this but definitely in something else you're playing in.

I am not a Bear on the Uranium Sector - I have a massive exposure to it relative to my portfolio because I think it is an awesome asymmetrical play in the process of setting up to see major inflows at some point next year and possibly before the end of 2017. One look at the current link shows why:

hxxp://www.world-nuclear.org/information-library/current-and-future-generation/plans-for-new-reactors-worldwide.aspx

However, if people are going to idiotically buy this trust at a premium to NAV at the present time, then I'm only too happy to sell some of mine to them. Just dumped over 18,000 shares and the market absorbed it so it seems people are keen. I bought shares in Cameco with some of the proceeds.

Cheers.

[jimbo55] 05/7/2017 13:38

I agree with the reasons for selling on this spike put forward by mad foetus and My Retirement Fund, whilst agreeing with the fundamental reason put forward by Shavian and Quepassa for being invested in this sector. All I'm saying is at this point in time, given the tip-driven spike in the share price, it would be more sensible to buy the miners themselves listed in North America. Companies such as CCO, UEC and NXE, rather than GCL itself.

GCL is a buy for me once it's trading at a discount to NAV again. The current situation will not last the summer.

Finally, I have a similar chart to papillon and agree the downtrend has broken. However, it would be sensible to focus on charts such as URA - the Uranium sector ETF - as a leading indicator to gauge the strength of the break of the downtrend, rather than GCL.

[mad foetus] 05/7/2017 12:31

I like the long term story but sold on the spike as well, don't like holding things at a premium unless there is a solid reason for doing so. A 20% discount feels right for this sort of fund unless the sector is booming.

[haroldthegreat] 05/7/2017 12:24

It was tipped ! That was why the discount disappeared.

[my retirement fund] 05/7/2017 12:20

Im guessing it got tipped recently looking at the volume spike on the rise.Anyway im out again, a 20% turn is not to be sniffed at imo.

[my retirement fund] 05/7/2017 12:15

Yea bizzare when 20 25% discount to NAV was the norm just months ago!

[darrenp746] 05/7/2017 10:38

Interesting....now trading at a premium

[papillon] 04/7/2017 23:22

GCL log chart. Well the GCL share price has definitely broken up out of a downtrend going back to earlier this year. Chart looking a lot more positive. High volume recently as well.


free stock charts from uk.advfn.com

[darrenp746] 04/7/2017 04:54

People are buying into this knowing that in the long term this will go up a lot. Increase in nuclear power stations being built around the world especially in China and India amongst others will drive up demand. The small variations we see recently aren't of much concern to these buyers who are topping up all the time at these kind of prices.