Geiger Countsub Share Discussion Threads

[alanji] 26/1/2011 17:51

I was able to sell some of my subscribed shares on Monday, but I suspect it may have been a mistake. In reply to my query NCIM said "The ORD Shares can be traded as soon as they are received; they are due to be credited on 1st February"

[gingerplant] 26/1/2011 16:00

Thanks Monet

[monet] 26/1/2011 15:35

GingerPlant

For those taking up the offer, share certificates are expected to be issued to
certificated subscription shareholders by 1st February 2011.

[gingerplant] 26/1/2011 14:26

dasv - have you actually received the shares yet? I haven't and it's around a week since I accepted. Do they wait for all the returns first?

[energiser01] 26/1/2011 14:19

Should there be an RNS now declaring the number of shares in issue etc. following the sub expiry - is there a time limit by when this has to be issued ?

[dasv] 20/1/2011 16:04

Just got a courtesy call from TDwaterhouse: now is the final day of trading for GCLS. If you want to sell - now's your chance.

I went ahead and exercised the warrants to get ords instead.

[peterbill] 15/11/2010 18:20

I wrote to the fund manager Toni Wall .... got the email address from their website


I hold the above (GCLS) shares in my SIPP and ISA and would like to know the exact expiry date in Jan 2011 and if I am still holding the subscription shares at the expiry date and have not converted them, what happens to the shares?

Got this reply ...

A letter will be sent to you with a copy of the annual accounts for the year-ended 30 September 2010.
This will explain the process by which you can exchange your sub shares for ordinary shares.
The date will be on the 30th day after the distribution of the year-end accounts for 30 Sep 2010.
This will probably be around mid-January 2011, but the letter will specify the date.
Regards

[gurp] 15/11/2010 09:43

'I hadn't realised.....'
that's why I suggested simply posting on the main thread

[kenmitch] 14/11/2010 13:53

I hadn't realised there was this GCLS thread until alerted on the GCL bb.

I haven't checked for GCLS but sometimes if warrants or sub shares are left by investors to lapse, a trustee is appointed to exercise them for you and you get sent the proceeds.

If a trustee is not appointed then the subs become worthless.

So if checking with GCL about this it is important to get it in writing or to ask where it is already recorded - like the relevant RNS.

BUT even if a trustee is appointed I never use their service as it can go wrong.

e.g Quorum warrants finished well in the money and a trustee was appointed to exercise lapsed warrants, but for some vague reason they failed to do it and those relying on this "service" ended up losing 100%.

Also not that long ago when Finsbury Pharma warrants had a trustee in place they somehow managed to get them exercised at a 5% lower share price than other trades on that day.

So it really is best to sell in advance or go through the exercise process via your broker. If selling in advance don't leave it right up to expiry date as if the MMs don't want the hassle then they will offer a lousy price for them.

Hope that helps.

[stevie16] 12/11/2010 18:55

will the sub shares be like traditional warrants at expirey date?if not sold or if not converted into ord shares are the subs effectively sold by the company and the proceeds minus selling costs are passed onto the owner of the subs? this is assuming that the ord share price remains above the 75p conversion price(which it should).

[gurp] 11/11/2010 09:23

wouldn't it be more sensible for everyone simply to post on the GCL thread?

[andrbea] 10/11/2010 10:39

agree, it's been a fine ride.

[energiser01] 10/11/2010 08:56

Had to take some profits on these today after the recent run up. Still have some in play, but at a level I'm happy to hold to conversion as I think the shares are still very good value for the long term.

dyor etc..

[andrbea] 09/11/2010 15:23

Today:

TradeTech's uranium spot price rose dramatically last week, soaring to a record two-year high of US$57.50 per pound uranium oxide (U3O8) on November 5, as buyers from a variety of market segments remain active in the uranium spot market. The spot price now stands at the highest level since November 2008.

[andrbea] 09/11/2010 15:10

on gcl thread:

energiser01 - 9 Nov'10 - 15:08 - 392 of 392


Very promising start in Canada.

Cameco again leading the pack. +5.8%

dyor etc...

[andrbea] 09/11/2010 14:22

re-doing post 75


so route in via gcls: XP of 75p + 17.5p = 92.5p
but gcl price is now 93.75

but some posters on gcl say its nav (rising daily) has now risen to about 102p, so maybe gcls should be 17.5+9.5 = 27p

[andrbea] 09/11/2010 14:12

gcl and gcls look strong

energiser01 - 9 Nov'10 - 13:25 - 390 of 390

Canadian uranium producer Cameco Corp is ramping up spending on exploration for the nuclear fuel, especially at earlier stage prospects, in preparation for increased demand in the future, CEO Jerry Grandey said on Monday.

"Expect that the growth in the uranium fuel market will accelerate and that primary supply must respond," he stated on a conference call.

dyor etc...

[andrbea] 08/11/2010 17:24

fromo gcl thread



AlanJI - 8 Nov'10 - 17:19 - 386 of 386


My 15 shares, representing about two thirds of the portfolio are up over 7p from the 29 Oct value so backs up Energiser's figure (more accurate than mine) of 100p plus. So, still at a 9% discount and, despite their 27% rise, today, the subs are still undervalued.

[andrbea] 08/11/2010 15:55

gcl thread:

energiser01 - 8 Nov'10 - 15:53 - 385 of 385


NAV now 100p plus.

so looking very good for demand led squeeze driving U price up, with SP's tracking as it drops stright through to the bottom line in most cases.
Or at least for the explorers makes each pound in the ground worth more and better for securing funding etc.

dyor etc..

[andrbea] 08/11/2010 15:52

the 'driver' here is the continuing 'sunshine' at gcl:

patersdw - 8 Nov'10 - 15:03 - 381 of 383


CCJ results appear to be being well received +2%
Mantra up 2%
Kalahari holdings its gains +5%
Uranium One on a ride +4%
Paladin following @ +3%

:o)


woracle - 8 Nov'10 - 15:30 - 382 of 383


U308 up to $57 :)

[andrbea] 08/11/2010 14:57

34k (vol) buy is ca 4988 pounds worth

[andrbea] 08/11/2010 12:40

agree patersdw

as U say:

patersdw - 8 Nov'10 - 12:17 - 378 of 378

KAH going a bit mental - up 8% now. Is this just a KAH thing, or is the whole U family going to pop this pm? Not long to find out, I guess!

[patersdw] 08/11/2010 11:57

Afterthought, sorry - might see a bit of an upwards whoosh this pm. One hopes.