Geiger Counter Share Discussion Threads

[bigtbigt] 22/6/2018 18:03

I agree dog... I am expecting 30p or so in the next few weeks

This thing is clearly coming back to life

[bigtbigt] 22/6/2018 18:03

deleted - duplicate post

[dogberry202000] 22/6/2018 13:51

Is that a five month or so cup with handle on the chart? If so, that's a positive sign. I don't think that GCL will act as it did last year with the small pull back in NAV. Things in the wider market could change in days or weeks. Yellow Cake's IPO is not far off and there are two big entities going to float by the second half of the year. July onwards looks promising.

The utilities are reported as having suspended buying, at least in the US, until the Section 232 issue is resolved. There are at least two time scales there. Then there could be a rush to buy from the utilities and pent up demand could affect the spot price for U. The opaqueness of the market in uranium over the last few months has provided good buying opportunities for GCL and for its investors. I think this opaqueness could clear from early July until the first quarter of next year.

[dogberry202000] 20/6/2018 16:03

I've used this opportunity to add a few here. GCL's holdings have great potential and I'd expect them to add some Yellow Cake at the IPO. The money being raised by selling new shares is most likely coming from institutions who want to get on-board. The problem is GCL is rather small for them - indeed, the sector as a whole has been miniaturised, so it's hard to pick up decent stakes.

[briggs1209] 20/6/2018 11:36

I'm out of here again the premium is too high. Will return when we drop back down

[kenmitch] 19/6/2018 22:07

Jimbox. No dilution from he sub shares unless they are exercised and finish in the money. That, sadly, is beginning to look doubtful. Uranium’s long promised recovery never seems to come! And at present Geiger Counter is overvalued.

[kenmitch] 19/6/2018 22:07

Jimbox. No dilution from he sub shares unless they are exercised and finish in the money. That, sadly, is beginning to look doubtful. Uranium’s long promised recovery never seems to come! And at present Geiger Counter is overvalued.

[jimbox1] 19/6/2018 20:41

The premium to NAV is ridiculous, especially when you look at other mining-related investment trusts like BRWM, which is at a discount. No surprise that the company is cashing in by issuing more shares. There will also be dilution from the subscription shares, in due course.

[matt123d] 18/6/2018 22:36

Large transactions at a premium.

[brugen] 15/6/2018 22:54

What stunning big buys at the close, adding up to 1.5m plus. Bullish!

In its RNS today the company said "The Company announces that, conditional only on Admission becoming effective, it has allotted, by way of a new issue in response to market demand, 1,410,000 new ordinary shares of no par value (the "New Shares")
for cash, at a price of 23.1p per share, a premium to the Company's net
asset value."

If the purchaser had wanted to buy the shares on the open market the price would have been between 23.25p and 23.4p. Of course a buy of this magnitude would have blown the price up considerably.

Our management have allowed someone to buy 1.5m shares at the price you and I could only sell at.

This has been a recurrent theme over the last few weeks so I thought I'd take a look the company documentation. It says "New Ordinary Shares may be issued only at a premium to NAV, at the Board’s discretion and providing
relevant shareholder issuance authorities are in place."

I'm not sure what the relevant shareholder issuance authorities are but intend to find out.

As far as I can see the management are issuing new shares to their own benefit and to the detriment of existing shareholders.

Am I missing something?

[dogberry202000] 14/6/2018 19:15

What stunning big buys at the close, adding up to 1.5m plus. Bullish!

[bmcb5] 14/6/2018 18:18

Well that's quite a chunky buy at the close today

[bigtbigt] 13/6/2018 11:57

FYI...
A new uranium investment vehicle, Yellow Cake, is listing on AIM next month with plans to raise $160m at IPO

[quepassa] 12/6/2018 15:36

"The Uranium Bull Market Just Reached an Inflection Point and Has Officially Started"

A great headline and a great read by Katusa Research.

Convincing.

Let's hope they're right...


hXXps://katusaresearch.com/the-uranium-bull-market-just-reached-an-inflection-point-and-has-officially-started/


Elsewhere, sector bellwether Cameco continues leading the sector , up by 50% to C$15+ since its Feb nadir at $10m. - And another fundamentally strong sign in many ways is that Geiger have issued several tranches of new equity which underlines buoyant investor appetite for the sector.

ALL IMO. DYOR.
QP

[dogberry202000] 11/6/2018 16:42

GCL trying to raise some cash. It's not hard to guess why they want it.

[peterbill] 08/6/2018 19:12

The Company announces that, conditional only on Admission becoming effective, it has allotted, by way of a new issue in response to market demand, 475,000 new ordinary shares of no par value (the "New Shares") for cash, at a price of 20.2p per share, a premium to the Company's net asset value. The New Shares will rank pari passu with the existing ordinary shares.

Applications have been made for the New Shares to be admitted to The International Stock Exchange's Listing and to trading on the London Stock Exchange's SETSqx platform ("Admission"). Admission is expected to become effective, and dealings in the New Shares are expected to commence, at 8.00 a.m. on 8 June 2018.

Following the issue of the New Shares, the Company's issued share capital will consist of 77,584,492 ordinary shares and 37,792,223 subscription shares, none of which are held in treasury.

Dealing in the new shares started today ...

[quepassa] 07/6/2018 10:29

Berkeley Energia UP around + 10% in last few days.

Berkeley have now moved from AIM to the Main Board and have also listed in Madrid.


This may drive new investors for them and buoy up their share price further.


ALL IMO. DYOR.
QP

[wskill] 07/6/2018 07:33

Bmcb5 hi thanks just read the report Cameco buying on the spot market rather than mining to supply contracts that is a new twist to the tale .
Makes sense though might as well leave it in the ground than lose money mining yellow cake.

[quepassa] 07/6/2018 07:14

Article about forthcoming Yellow Cake IPO on AIM in today's FT, page 25.

Headed

" Yellow Cake heads for London listing to place bet on uranium 'mispricing' ".

The FT article contains the the following quote from Yellow Cake CEO, Andre Liebenberg:

"Due to an exceptional confluence of events, uranium is one of the commodities yet to recover from the recent commodities bear market. We believe that uranium is fundamentally mispriced in the current market, and on a historical basis"


Fully concur.


ALL IMO. DYOR.
QP

[bmcb5] 07/6/2018 00:35

Cameco no longer in the top 5 holdings! I’d like to see that rectified with some of this new money

[bmcb5] 07/6/2018 00:32

I don’t recall seeing this linked at the time, and I haven’t had chance to read it yet, and things are moving on rather quickly, but here is the latest fact sheet, as at end of April

[bmcb5] 07/6/2018 00:25

Another 400k shares issued yesterday, together with an application to admit up to 20m more. Extremely bullish if you ask me

Clearly buyers are having trouble finding stock. Everything is tightly held, and who on earth would sell now?

So the fund will grow in size, and GCL get more money to invest. I wonder if they’ll add weight to their biggest holdings, or spread it out a bit?

[dogberry202000] 06/6/2018 19:02

Yes CCJ is out sniffing bull grass. It well and truly broke out today by breaking 11.54. URA is rotating in the sector by selling previous gallopers as it re-configures its holdings to follow its new index from the summer. It seems BKY suffered along with most of the others here. But things are looking up with hedge funds shadowing Yellow Cake rumoured to be interested in the sector.

[quepassa] 06/6/2018 17:12

Sector bellwether Cameco UP another 3.5% today on the TSX at time of writing.

A great run so far this week.

Fingers still crossed.

QP

[husbod] 06/6/2018 09:50

Cheers pineapple. I had to buy through the dealing service in the end. Sorry I didn't top up before the warrants were issued as I would have liked a few more of them. Still, can't complain.