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It sure will be interesting when ESG fund flows start getting into the uranium space. Expecting this will be a popular bb in a few months time.
Reddit Uranium Squeeze, small group but growing . Very interesting uranium information on the site.
https://www.reddit.com/r/UraniumSqueeze/
Got gcl, and efr (Uuuu, energy fuels) and nxe. Uranium is starting to look very exciting.
This could be the start of the much anticipated bull market, after a long 10 year bear market, the conditions are ripe for a major recovery. US/Canadian/Australian uranium producers and explorers were up strongly yesterday and breaking out to multi-year highs
Agree, look at ARGO as a similar story when the herd finally arrives, this has miles to go with supply deficit, mine closures and the whole ESG backdrop starting to come to the forefront of investors thoughts
I really like there being very little chat despite GCL and the uranium plays doing great.
A sign we haven't even started yet.
When uranium spot increases people will wake up (after smart money has already made 2-5x their money invested).
This is going to be a fun ride. Enjoy!
I know what you mean. With the recent rises I'd have thought people would be inputing to this. Whats your thoughts on 2021 for GCS?
So little chat in here, like being frozen in a "cold lake" fishing for dynamite.
Another 10% tomorrow would be superb. Hopefully we might need to get used to this. I've been in this for years and I'm hoping its finally coming good.
Great stuff - this and Aura my two uranium plays
Great rise today. Long may it continue!
I should add that it is the monthly chart I am looking at for GCL . Draw horizontal lines across the chart from the higher resistance levels. The targets should be evident from those. All the best wth your investment, here.
Just looking at what's possible on the long term chart - the resistance levels for those numbers are there. Check out Investing.com and play around ( but you probably know this already.) They made a great start tonight. Should begin to feed through on Monday for GCL. This is by far my biggest holding in any uranium equity. My US miners are up anything upto 15% or so tonight as some like UUUU and NXE (the latter is GCL's biggest holding) are breaking out of 10 year IHSs.
I think it will take a few months for some real progress but it should be something to behold! What with Covid and the need for many utilities to make contracts and Biden's Democrats changing their views by supporiting nuclear and uranium because of climate change after nearly 50 years of opposing them, I think the reasoning is sound. I think GCL will take out their old highs from 10 or so years ago within 2 years.
Dogberry those rises would be amazing. Is this just blind faith or do you have any reasoning behind your target? I've been on GCL for a few years waiting patiently for the rise.
My target price is around 51p over the next few months, then 69p a little later in the year. Anything can happen after that. Resiistance at around 33p should be relatively easily overcome this time round.
Creeping up towards that GCS conversion price.
GCS is effectively a 'geared' play on GCL....much riskier but the rewards could be extraordinary
mis typed...38p not 28p
Clearly you don't know how subscription shares work if that's what you think.
If GCL is 28p in November GCS will be worth 0p. Good luck!
28.58p is the conversion price end of November .
If GCL is at 28p in November ...GCS will be at 8-10p ish ......pretty good from .5p which the price was a few days ago......nice from 1p which it was yesterday/today
Nexgen, which I believe is the biggest holding for GCL is up 6% again this evening........U market is on a charge
I have no idea why you think there is 19x gearing but good luck :-D
That's like saying GPSS shares were not worth holding at 1.5p when GPM was under the GPSS strike price. They clearly were worth holding as they are now 18.5p to buy and a lot of people are kicking themselves for not piling in. Same with GCS. If the uranium sector continues to rally GCS will skyrocket and the surge will start well before GCL approaches the 29p GCS exercise price as per GPSS-GPM. As the price of GCL at time of GCS exercise tends to infinity the gearing of buying GCS at 1p when GCL is 19p tends to x19 yet downside is only 1x investment. As long as GCL is higher than about 30.5p you will outperform by buying GCS at 1p over GCL at 19p. If you think there's a chance GCL will rocket it's worth at least putting option money in here. You can always sell before exercise if the outlook changes.
Good sport though. If GCL goes up 50 % from here , GCS will do 200%. If GCL did 100% from here GCS would go up 1000% Plus
quite exciting...not for widows and orphans! U308 market is getting warmed up...it is a pure punt on it going red hot.
GPSS sub shares are currently worth holding due to the higher price of GPM to the offer price. GCL shares are currently significantly less than the GCS offer price so there is a considerable difference. 19x gearing is nonsense.
This will start to surge well before GCL hits 29p as per GPSS-GPM. 19 times gearing if you by at 1p.
GCS shares expire in November, you'd need 30p + on GCL for them to be worth anything