Geiger Counter Share Discussion Threads

[quepassa] 30/8/2017 08:08

Exceptional news at Berkeley Energia this morning.

QP

[jimbo55] 09/8/2017 13:16

Just enjoyed reading the ribbing I was given in late July, despite the fact the people who gave it seem to possess limited reading ability. I benefited from the Uranium rally of late July - mainly because I'd sold over-priced GCL shares to those prepared to over-pay for them and directly bought the miners who hadn't moved on the Questor tip (for those angered by this, re-read my earlier posts and take some time to digest them). Incidentally, it looks like the Questor buyers are now starting to become bored and sell out. Fortunately, holders of Cameco, NexGen Energy and Fission Uranium Corp didn't overpay for an investment trust and are not in such a rush to exit.

The first GCL buy point for me will be support at 19.52 on the following chart:



There's also a not unreasonable probability that the gap between 18.60 and 19.19 is filled. Currently breaking lower from a 5 week H&S top anyway.

Hope those who emotively vote me down enjoy the correction. :)

[quepassa] 06/8/2017 19:32

So far 5 nuclear reactors in Japan have been re-started.

10 more have met latest safety standards and are being prepared for restart.

The IEEJ give a low forecast of 10 and a high forecast of 17 units restarted by end 2018.

Fukushima primarily caused the slump in uranium prices. One can but speculate that the restart of so many reactors in Japan combined with multiple new reactors coming on stream in many other countries within the next few years will significantly stimulate demand for uranium.

hXXp://www.world-nuclear-news.org/NP-Japan-to-benefit-from-reactor-restarts-says-IEEJ-0308174.html


ALL IMO. DYOR.
QP

[quepassa] 03/8/2017 10:04

Spot Uranium Prices See First Big Movement in Months

By Leia Toovey -August 2, 2017 - 16:40 UTC


Full article here. Good news.


hXXp://www.economiccalendar.com/2017/08/02/spot-uranium-prices-see-first-big-movement-in-months


ALL IMO> DYOR.
QP

[shavian] 31/7/2017 14:19

This is not a Bitcoin thread. Please go away

[briggs1209] 30/7/2017 14:53

thanks dog, does seem to be a lot of focus on a supply side deficit over the next couple of years

[quepassa] 28/7/2017 08:27

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

[mad foetus] 28/7/2017 08:17

I know a few people involved with the industry, and the clear view is that we are close to the point where it does not make sense to embark on projects to build nuclear reactors. By the time they are producing there is a good chance, not a certainty, but a good chance, they will be obsolete. But that doesn't necessarily impact GCL for 5-10 years. Longer term, however, there is a risk that there is no market for uranium.

[quepassa] 28/7/2017 08:06

???


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] 28/7/2017 07:59

I still hold some GCL but in my view nuclear has a very limited future. Battery storage is on an s curve of development and within a short time will be able to store large quantities of electricity, which will erode base load concerns. The future is and will be renewables and small scale local production, not nuclear imo

[masurenguy] 28/7/2017 05:57

Australia has a substantial share - about 29% - of the world's uranium, Kazakhstan 13%, Russia and Canada 9% each. Known Recoverable Resources (in tonnes) of Uranium and the percentage of world reserves in 2015 was as follows.

Australia: 1,664,100: 29%
Kazakhstan: 745,300: 13%
Canada: 509,000: 9%
Russia: 507,800: 9%
South Africa: 322,400: 6%
Niger: 291,500: 5%
Brazil: 276,800: 5%
China: 272,500: 5%
Namibia: 267,000: 5%
Mongolia: 141,500: 2%
Uzbekistan: 130,100: 2%
Ukraine: 115,800: 2%
Botswana : 73,500: 1%
USA: 62,900: 1%
Tanzania: 58,100: 1%
Jordan: 47,700: 1%
Other: 232,400: 4%
World total: 5,718,400: 100%

Source: World Nuclear Association

The U.S.A. has 104 reactors which consume 55m pounds of uranium per annum. This constitutes 25% of global supply. However, the U.S. produces less than 5% of the global supply and imports over 90% of the uranium it uses. The US obtains 19% of its annual Uranium supply from Russia and 17% from Kazakhstan. It obtains circa 45% from Australia, Canada, South Africa and Namibia and 10% from its own production. Any Russian retaliation to sanctions could therefore cut US supply by around a 5th although they could probably make half of this up from other sources. The world supply of Uranium could be significantly increased by developing new mines but this would substantially increase the price in due course since the extraction costs would be much higher from these new mines.

[dogberry202000] 27/7/2017 23:08

From tonight's Guardian:

"Putin: Russia will retaliate if 'insolent' US lawmakers pass sanctions bill"

“It’s impossible to endlessly tolerate this kind of insolence towards our country,” Putin said, referring to the sanctions. “This practice is unacceptable – it destroys international relations and international law.”

Putin was vague on exactly how Russia might respond. The newspaper Kommersant quoted two unnamed sources saying a range of potential responses was under consideration in Moscow, including expelling US diplomats, seizing diplomatic properties, increasing restrictions on US companies working in Russia and halting enriched uranium shipments to US power plants."

It's quite incredible but Russia has the ability to turn the lights out in much of the USA. The US imports most of its enriched uranium from Russia and its ally (Khazakstan) and there is little or no prospect of getting adaquate supplies from Canada or Australia as those countries have a large portion of their enriched urnanium under contract to China and India. Supply cannot suddenly be switched on. Japan is, of course, slowly increasing demand but probably has excess supplies right now.

It's an intriging situation and the chess game has several moves to play. It is precisely these kinds of situations that make uranium highly volatile as they have in the past.

[dogberry202000] 27/7/2017 17:07

All grist to the mill. I added another 10k today. Climate change means nuclear is a no brainer. We can't meet the 2 degrees reduction target without it.

[energiser01] 27/7/2017 15:55

More reactor news



Dyor etc. Etc...

[shavian] 26/7/2017 06:51

Discount to NAV opening up a bit again, with Canadians pushing NAV up past 23p yesterday. Here's one reason, in a great interview with FCU's Ross McIlroy:



Also we should get good newsflow from several miners at the Sprott conference in Vancouver this week

[solonic] 20/7/2017 15:33

I think kpo's post was being ironic! He was making fun of Jimbo's silly behaviour.

[husbod] 20/7/2017 14:58

I'm standing up! I confess to being a Questor follower. Could be worse I suppose.

It was also based though on chat on another bb about the potential of Uranium.

Happy to have the wider exposure that this stock has rather than individual shares. Besides copper is my baby and has been for a while.

[kpo115] 20/7/2017 14:02

Stand up those morons who were so daft as to buy this share after a newspaper recommendation!

Oh, wait a minute! Maybe it was old Jimbo who got this wrong! That's very unusual for such a genius investor!! We morons are sooo lucky to have him giving (shouting indeed) his brilliant advice. It must be a roaring bull market out there.

LOL LOL LOL

[x54v] 20/7/2017 11:12

"The commodity experts at Palisade Research point out the recent bounce in the uranium ETF and speculate that another massive rally could be shaping up."

[kpo115] 20/7/2017 08:34

"My Retirement Fund 7 Jul '17 - 10:06 - 462 of 490 0 3


Back on Geiger trust here. I reckon this is going to shed 15 to 20% from here but wtfdik."

The old fibber got it wrong, yet again. HA HA HA!


However "wtfdik" ! That's a really good question for himself.