Geiger Counter Share Discussion Threads

[steve73] 16/11/2017 10:00

U3O8 price rising steadily.. will drag a few up.

[dogberry202000] 16/11/2017 08:21

Yes, the wide spread shows uncertainty over the direction of the price. There's no point in lining the pockets of the market makers.Timing is key. The latest interview with DNN's CEO, Davd Cates, is worth a listen.

[mad foetus] 16/11/2017 06:19

I'm watching. The spread makes this one hard to trade, but if there is a sustained bounce it can obviously move up a long way quite quickly. Timing is everything here.

[dogberry202000] 16/11/2017 01:12

There will be a decent bounce shortly. There's real turbulence now with weak hands being shaken out. Current levels in uranium miners are low risk. Between now and the end of February is likely to be an exciting time in this sector.

[kaos3] 14/11/2017 21:19

rick rule on uranium

[x54v] 14/11/2017 11:59

Uranium - A New Bull Market is Dawning

[x54v] 10/11/2017 14:10

NAV just out.

21.55p vs 18.48p yesterday so a 16.6% gain.

"Cameco, one of the largest commercial producers of uranium, announced a suspension of operations at McArthur River and Key Lake Mill complex. This will remove around 14 million pounds of production capacity in 2018. The effect of supply rebalancing had a strong positive influence across the uranium sector."

[x54v] 10/11/2017 13:26

Some amazing gains yesterday indeed. The NAV of GCL should be well up today:

[kaos3] 10/11/2017 13:24

bought while cooking lunch to kill boredom. deal is under ?

why so many deals marked with ?

[kaos3] 10/11/2017 12:27

while cooking my lunch I got bored. to do something while waiting I gace a buy order.

[briggs1209] 10/11/2017 08:15

Managed to pick up a couple of early spreadbets here - could not get stock through broker to top up holdings

[mad foetus] 10/11/2017 08:14

Well, I sold out several months ago but well done to those now reaping rewards.

[x54v] 10/11/2017 07:46

Moves yesterday from the GCL top 5 holdings which account for 60.1% of the trust

Nexgen Energy +26.6%
Uranium Participation +8.7%
Fission Uranium +12%
Denison Mines +14%
UR- Energy +14.7%

October factsheet -

[x54v] 10/11/2017 07:19

U3O8 daily spot price jumps 11.5% to $22.75/lb on Cameco production cut plan

[quepassa] 10/11/2017 05:27

Dennison and Energy Fuels both up an astonishing 14/15% yesterday.

[dogberry202000] 10/11/2017 00:00

The time of this announcement by CCJ is intriging. They waited until the time of the year in which it would have the most impact. This was also with the knowledge that the Kazakhs had stated recently that they would cut their uranium production again at the end of the year; significant new contracts with the utilities are due to be signed over the next two or three years. Several ducks have been lined up in a row. Certainly, it's been a dramatic move.

[dogberry202000] 09/11/2017 21:35

On its own, GCL's top holding is up 26.56% tonight.

[x54v] 09/11/2017 19:15

"Analysts saw the move as a massive catalyst for the industry because McArthur River is the world's largest uranium mine. Its closure will take 12% of global supplies off the market, significantly reducing the gap between production and demand. That should eventually bring market fundamentals back into balance, which could help prices recover some of the 70% they've lost since the Fukushima disaster in 2011."

[x54v] 09/11/2017 18:38

Historically the recovery in uranium stocks is usually fast and furious.

Here's the legendary Rick Rule last month on uranium:

From 13:11...

"And if my memory serves me well, of the 5 uranium juniors that I owned at the bottom of the last cycle, the worst performer, the worst, gained 22 to 1".

From 16:39...

"What was interesting was that when you shut down production....in fact the price spiked from 8 dollars to 130 dollars a pound."

[x54v] 09/11/2017 18:34

Certainly was. Just the start with any luck.

January's move started with volume expansion and the price shot up very quickly indeed. It tends to be the way with uranium stocks.

---

Uranium’s Time is Now!

"Today, for the first time in over 35 years, nuclear power generation is rapidly rising while the production of nuclear fuel is swiftly falling signaling a tipping point for investors!"

[x54v] 09/11/2017 16:52

"Most of the US/CN #Uranium stocks up double digits from the opening this morning. I think we are in for a 1-2 month rally further fueled institutional investors slowly gaining interest again and the spot price ticking up."

[x54v] 09/11/2017 15:12

The news has certainly got the market's attention.

A strong rise so far today and significant volume.

[novicetrade68] 09/11/2017 15:10

10% supply cut is quite something, onwards and upwards from here hopefully.