Geiger Counter Share Discussion Threads

[greedfear] 01/6/2018 08:26

“More Breaking News Tonight for #Uranium!

ASTANA. May 31 (Interfax-Kazakhstan) – Kazakhstan plans to cut uranium production this year to 21,600 tonnes, Energy Minister Kanat Bozumbayev said.

When it rains it pours” (@quakes99)

“My calculations show about 4M lbs reduction, roughly equivalent to Paladin's closure of the Langer Heinrich mine... another domino falls! “ (@quakes99)

Coiled spring. It’s only a matter of when.

[greedfear] 31/5/2018 10:56

Frankly,I prefer them issuing new shares at prices higher than NAV. This inflow of new money will be used to increase their uranium portfolio. The share price of uranium stocks will benefit from increased demand (thus increasing the NAV of GCL shares, thus increasing GCL share price).
As far as I’m concerned GCL issues new shares as much as possible as soon as possible (as long as issue price>NAV).

[steve73] 30/5/2018 06:54

Does anyone understand why GCL issued 475,000 more shares "to satisfy market demand"....

Why not let the market satisfy its own demand..? I.e. Let the buyers pay a little more from any sellers that aren't happy to let them go at the current derisory price.

[dogberry202000] 17/5/2018 21:29

From Amir Adnani, CEO of UEC on Twitter tonight.

Capitol Hill progress: House Committee approved an Energy and Water Appropriations bill prohibiting DOE from selling any of their #Uranium during FY2019! After House & Senate approval & w production + other cuts: ~23 MM lbs supply removed from the market! Kudos @SecretaryPerry!


In other news, U.TO broke out tonight!.

[bmcb5] 16/5/2018 09:26

Thanks Steve

[steve73] 16/5/2018 06:44

It seems the GCL news releases (eg. daily NAV updates) are now only being listed under the GCS ticker, so I've included a link to that in the header.. just under the GCL news "box".

..and I've rolled the yellowcake quote chart on to July.. not that it shows any difference.!!!

[dogberry202000] 09/5/2018 15:17

The sector leader, Cameco, is breaking out to new yearly highs. The others track this one.

[quepassa] 07/5/2018 18:19

uranium stocks on the TSX all up another useful 1.5-2% today.

Cameco has risen from C$10.70 to approaching C$15 in just three months from early Feb.

Almost + 40%. - Good sign.


ALL IMO. DYOR.
QP

[bigtbigt] 03/5/2018 12:55

Yes - you really MUST get around to ditching selftrade.

They are really useless

[bmcb5] 03/5/2018 08:47

Hard to buy this morning. I have an order in for about 15k, but its been routed to dealer. Must get around to ditching selftrade.

[greedfear] 03/5/2018 08:27

The RNS was from 2/5 but it stated the NAV on 1/5. Yesterday the NAV must have been up something like 4%. So the NAV on 2/5 is something like 19.4.

[masurenguy] 03/5/2018 08:14

The quoted NAV yesterday was 18.62p.

[greedfear] 03/5/2018 08:08

Good morning! Alas, I have no more cash. GCL can be bought for 18.53 while NAV must be around 19.4 or so. A real bargain!

[bmcb5] 02/5/2018 20:54

Lol GF. Another good day!

[greedfear] 02/5/2018 18:06

Frankly, I'm uber bullish short term too. lol.
But, I'm keeping an open mind.

[bmcb5] 02/5/2018 17:21

Well it seems that we're all in broad agreement. And none of us are uber bullish in the short term. That's quite refreshing. kenmitch - totally understand your approach, and it is one i use often. I hope when the time comes, you get in at a sensible price.

I don't get the downticks either. I prefer to read a good bearish argument, rather than the 'this is about to explode' type that you find on most boards. Bearish posts provide thought material. And I've never understood why people think that bears are trying to make bulls lose money. Crazy argument from inexperienced investors imo. Thank goodness we don't seem to have that here.

[greedfear] 02/5/2018 17:05

That's better. Should not comment at the same time on different connected BB's.

[ih_374139] 02/5/2018 17:02

Ken- Jeezz, obviously still logged in on my Ihub account. This was/is greedfear. lol

[ih_374139] 02/5/2018 17:01

Ken- we're on the same line. I don't get the thumbs down too (probably will get one now :) ). Serious investors should always welcome different views, angles. I've learned a lot from people having different opinions based on research that is.

[kenmitch] 02/5/2018 16:40

greedfear.

I'm agreeing with you! I also doubt that there is much downside, so if investors are prepared to risk it being a good while before the sector bounces properly then invest now. I am not suggesting you have paid too much. In fact my tactic of waiting until it is clearer that this time the bounce is for real means I might well have to pay more than current price. But I prefer to miss the start of the bounce, and try to get in when the share price rises continue.

Also Geiger Counter sub shares are currently overvalued so it may well be possible to buy GCS around current price even with GCL price higher than now.... unless some are willing to pay over the odds to get in now.

It's each to their own. btw whoever is giving a down tick to sensible posts here pointing out possible negatives could be making the common ADVFN popular bb mistake of only wanting to know the plus case. All shares have plus and minus points. Those prepared to consider investments from all angles tend to do much better.

[quepassa] 02/5/2018 16:27

Cameco is the sector BELLWEATHER.

It is up another 3% so far today.

(Goodness only knows why Geiger reduced their Cameco exposure last month).

Energy Fuels also up 6.5% to-day

Remember the Kazakhs want to float this year and they will need a strong market to launch into.

Also World Nuclear News "Cautious Optimism for uranium outlook" which for the highly conservative WNN is pretty bullish:

hXXp://www.world-nuclear-news.org/UF-Cautious-optimism-for-uranium-outlook-3004187.html


Indeed, there have been many false starts. But sooner or later we'll be off to the races for proper.

Good Luck All.

ALL IMO. DYOR.
QP

[ih_374139] 02/5/2018 15:06

GCL currently trading at a discount to NAV.

[greedfear] 02/5/2018 11:49

Myretirementfund/Kenmitch- I respectfully advice you to read Cameco's annual report. Then you'll know it's not the same old, same old. On the contrary, a lot of developments only occured recently.

Kenmitch- Great if you can time it perfectly. I can't, never been really good at it. I've made money based on fundamentals though and I believe they've never been better. The money inflow in URA ETF has been very impressive last months while uranium shares haven't really done well. I feel/think smart money is moving in. Don't mind having overpaid a little as I believe you truly have to watch it like a hawk because if U takes off it really is going to take off.

Ken/Bmc- In theory the subscription shares are overvalued imo. I do have some anyway because I seldomly get a quote for them. I hope I can increase substantially (swap for GCL) when the subscription shares have intrinsic value.

[bmcb5] 02/5/2018 10:54

I agree that buying sub shares right now seems premature. If the bear market persists, they should drop in price, and may present an opportunity. I would be a buyer at much lower prices, or if there was a sustained upturn in U price, but not right now

[kenmitch] 02/5/2018 10:29

greedfear.

Agree with most of that. And yes, very high chance that uranium shares will do well at some point. Some of these bullish points have applied for ages but still the uranium price remains stuck at rock bottom levels. Until that changes uranium sector upside looks limited.

It's timing. I'm watching like a hawk, but aside from my free sub shares am out of Geiger Counter for now as dead money in uranium shares looks much better employed elsewhere.

Geiger Counter subs and their ordinary shares were my most successful investment ever. I sold out on the day of the terrible Japanese earthquake and tsunami. Have been in an out since then, either for a small profit or small loss. Each time I bought back it proved too soon. I'll be back in again at some point but not yet.... and if past few years anything to go by when buying back it could again prove to be too soon!

As for the sub shares. Yes downside and risk of 100% loss if share goes down instead of up. BUT if buying coincides with the long awaited uranium upturn (as it luckily did with the last lot of Geiger Counter subs) then upside could be multi bagging again. Last time ahead of the bounce Geiger Counter subs fell to just 0.85p to buy and I was lucky getting some at that price. Hoping that current subs will drop a lot further as until the sector turns the lower they go the better!

It's all down to timing. The uranium bounce could come soon or could still be years away (and so too late for sub shares). There have been false dawns galore and when those with long and successful experience of the sector join in here again, that could be the time to buy. Now? imo NO.